Imposition of a minimum wage above the equilibrium wage minimum wage laws should cause unemployment This is because a greater number of people are willing to work at the higher wage while a smaller number of jobs will be available at the higher wage Companies can be more selective in those whom they employ thus the least skilled and least experienced will typically be excluded An imposition or increase of a minimum wage will generally only affect employment in the lowskill labor market as the eq

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In such business sectors a MINIMUM WAGE that is about the harmony wage that would somehow or another outcome will decrease the amount of work requested by firms increment the amount of work provided b... View the full answer