What are the disadvantages of minimum wage?

Answer 1

1. Higher cost of producing goods and services 2. Employer would not be willing to employ too many people in order to be able to pay worker the minimum wage and meet up with other company needs. 3. Rise in unemployment.

Answer 2

Full employment has a knock-on effect on the other government macroeconomic objectives. This means that while GDP will be very high, so will inflation meaning that economic welfare won't really have been increased. Furthermore due to the increased production and GDP the governments balance of payments will become even more uneven as we import a lot more.

These are only the very basic ideas, they can be expanded

Answer 3

you have less or small time or not enough time for your famly and for yourself!.

Answer 4

No job. Boredom.