Will a minimum wage increase unemployment among young and unskilled workers?

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1093639

2026-07-07 23:50

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Perhaps, It states something true. Once the minimum wage rises then we come to hypothesis that the prices of goods will go up in following manner.

Prices rise mean that it will suffer the demand in goods and services of household. Consequently, firm will sell less their product ( goods and services). So that, they will try to cut down their expenditure which will somehow lead to cut employees. As a result of that, unemployment increases. As you see that the youth who acquires not enough with skill, virtue -more or less- will be the first victim in sacking trend of firm in reducing cost.

That's why, minimum wage increases unemployment young and unskilled workers.

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