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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.
What else can I help you with?
Is this a positive statement or normative statement The minimum wage creates unemployment among young and unskilled workers?
It is a positive statement.
Would raising the minimum wage lower crime?
Econ 101. (simplified version) Raising the minimum wage rate would more likely than not, increase the crime rate. By increasing the minimum wage, employers will be able to hire fewer workers. At the macro level, fewer workers hired will net an increase in unemployment rates. As unemployment rates increase, so too do crime rates.
What was a reason for the success of the knights of labor?
they allowed both unskilled and skilled workers
Are minimum wages necessary to protect the interests of the employee or the employer?
Actually, the minimum wage helps to protect both the worker and the employer. The minimum wage acts as a guideline for the employer so he can assess what other employers are paying for unskilled work. As the complexity of the job tasks increase, the employer can raise the remuneration in order to retain the more experienced workers. The minimum wage aides the unskilled worker in that it helps to protect him from employer exploitation.
Which type of regulation increases costs for consumers but helps US businesses?
Laws that increase the minimum wage for workers
Are workers for the UAE skilled or unskilled?
Both, skilled and unskilled
What were unskilled workers in Egypt doing?
unskilled worker lived in hubs
What are the minimum wage rates in andhra pradesh state in India ie skilled semiskilled and unskilled workers?
Sir, What are the Minimum Rates of Wages in Andhra Pradesh ? S.Ramakishore rk745730@gmail.com
Which was the largest group but made the least money?
Unskilled workers were the largest group who made the least money.
Nativism and a decrease in unskilled jobs affected this?
The increase in automation and globalization has led to a decrease in unskilled jobs. Nativism, which promotes the interests of native-born citizens over immigrants, has also influenced job availability for unskilled workers by advocating for policies that restrict immigration and protect domestic workers. These factors combined have contributed to a challenging environment for individuals seeking unskilled jobs.
What was not the intention of Reaganomics policies?
These were not the intentions of Reaganomics (and the majority of these are fiction-answers):take money from the rich via taxes to give to the poor;increase the National Debt;choke off economic growth;create historically high and persistent unemployment;raise minimum wage, promote hiring of unskilled workers, and give everyone a bar of gold from the US Federal Reserve:The 3 answers in bold are definitely discussed about Reaganomics.
What was the intention of the reaganomics policies?
These were not the intentions of Reaganomics (and the majority of these are fiction-answers):take money from the rich via taxes to give to the poor;increase the National Debt;choke off economic growth;create historically high and persistent unemployment;raise minimum wage, promote hiring of unskilled workers, and give everyone a bar of gold from the US Federal Reserve:The 3 answers in bold are definitely discussed about Reaganomics.
