This paper discusses non-employment margins through which firms may respond to minimum wage increases. Margins of interest include evasion, output prices, noncash compensation, job attributes including effort requirements, the firm’s mix of low- and high-skilled labor, and the firm’s mix of labor and capital. I discuss the basic theory behind each margin’s potential importance as well as findings from empirical research on their real-world relevance. Additionally, I present a set of pedagogical diagrams that show how supply and demand analyses of labor markets can be extended to bring additional nuances of real-world markets into the classroom.

中文翻译：

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企业如何应对最低工资增长？了解非就业边际的相关性

本文讨论了企业对最低工资增长作出反应的非就业边际。利益边际包括逃避、产出价格、非现金补偿、工作属性（包括努力要求）、公司的低技能和高技能劳动力的组合，以及公司的劳动力和资本组合。我讨论了每个边缘潜在重要性背后的基本理论，以及关于它们与现实世界相关性的实证研究结果。此外，我还展示了一组教学图表，展示了如何扩展劳动力市场的供需分析，从而将现实世界市场的更多细微差别带入课堂。