Respuesta :
A minimum wage results in unemployment because at that wage rate, more people are willing to work than there are jobs available.
The minimum wage results in unemployment because Depending on how much the minimum wage is raised, there is a chance that unemployment will rise.
According to the reasoning, raising the minimum wage will cost businesses more money and cause them to hire fewer employees.
What factors lead to Unemployment?
There are numerous factors that originate from both the supply side, or the worker, and the demand side, or the employer, that contribute to unemployment. High-interest rates, the world economy being in a recession, and the financial crisis might all affect demand. Frictional unemployment and structural employment are major supply-side contributors.
According to the amount of the salary rise, raising the minimum wage does run the danger of raising unemployment. According to the theory, raising the minimum wage would cause businesses to incur more costs and hire fewer employees.
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