Supporters of a minimum wage argue that it can increase wage rates without causing significant unemployment in which type of lab

Question

REY [17]

2 years ago

14

Supporters of a minimum wage argue that it can increase wage rates without causing significant unemployment in which type of lab

or market?

Business

1 answer:

dem82 [27] · Answer 1 · 2023-05-04T19:27:58+03:00

Supporters protest that the wage rates can be increased without causing any significant unemployment are usually referring to the low pay labor market.

A wage is the money compensation for the services obtained by a labor, this wage is based on rates these rates can be hourly, per piece or per day.

In such a market even if wage rates are increased the unemployment is not significant and is in fact beneficial for the labor working on a low wage.

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