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What would be the effect on the community if the minimum wage remains very low?
Wiki User
∙ 13y ago
Where wages are lower, employment is higher. Without a minimum wage acting as a bar to hiring workers, unemployment will tend toward zero. This is due to the law of supply and demand, which states that more of a good (in this case, labor) is demanded when prices are low, and that more of a good is supplied when prices are high. However, these forces counteract each other to a degree: When low wages lead to high demand for labor, the labor supply becomes smaller as more people take jobs, leading to an increase in wages. However, if a significant number of people in a given market to not have jobs, but are not counted in unemployment numbers because they have given up searching for work, then as wages rise, these will likely re-enter the labor market, causing wages to tend downward.
Wiki User
∙ 13y ago
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What is the effect of world war 2 on the palestinian economy?
World War II did not have any serious effect on the Palestinian Economy per se. The effect came when numerous Jews chose to immigrate to Mandatory Palestine following the war because they decided that they would rather not return to the places where they were deported from and would receive only hatred and disgust. This influx of refugees helped the nascent Zionist community declare independence.
What effect would inflation have on a company's cost of capital?
What effect would inflation have on a company's cost of capital
How much is minimum wage in TN?
Tennessee is one of 5 states that has not set a minimum wage. The state would then go by the federal minimum wage. The federal minimum wage is $7.25 per hour effective July 24, 2009.
What would be one effect of import substitution on the balance of trade of a country?
What would be one effect of import substition on the balance of trade of a country
What happens when supply increases?
when the supply of a commodity increases but demand remains constant then price of the commodity falls which is called deflation with the result unemployment rises.on the other hand if supply rises and if demand also rises with same rate then this would have positive effect on the economy as the employment rises with out inflation.
if the population species of a given area is doubled,what effect would this have on the resources of the community?
If the population species of a given area is doubled,what effect would this have on the resources of the community?
How the environmental affect the community?
Yes, environmental conditons can effect a community in a way that if a frog which have a moist skin if live in desert its moist skin would dry out to quickly in this way environmental condition do effect the way a community work
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Secondary succession will form a stable community faster. During primary succession the pace of succession remains slower.
What are three abiotic parts of a marsh community?
Three abiotic parts of a marsh community would be water, climate, stones, and soil. These all effect the living organisms in the marsh community.
What effect does biodiversity have on a community?
I'm positively sure that it, for an example, would enable species to live in a desert.
If you were doing a survey about the effectiveness of the police system in your community what questions would you ask?
-- How do you like the police and their effects on the community? -- What have the police done for your benefit with a good or bad effect? === ===
How can you qualify for community savings?
It really depends on what type of account you wish to open at community savings bank. If you simply want to open a savings account, then you only need the minimum deposit of 10.00 to open it! If, however, you wanted to qualify for a checking account, you would need the $400.00 minimum balance required.
I have attended a community college in the USA and I would like to transfer to Mcgill. what are the minimum requirement if I would like to get into the medical school of this college?
all As are best, or at lest 3.5 GPA
How might the death of all the producers in a community effect the corbon and oxygen cycles?
There would be more carbon dioxide and less oxygen in our air so people in the community would start having more health problems.
Does current effect the resistance in an electric series circuit?
The resistance remains constant. The voltage would change, in accordance with Ohms' law, with a change in current.
How does increased evapotranspiration effect the earth?
It would increase the density of sea water as water volume is reduced and salt volume remains unchanged
How would you use remains in a sentence?
Only her scent remains. That remains to be seen.
