The minimum wage has its greatest adverse impact on the market for:

Question

Quizplus · Accepted Answer

The minimum wage has its greatest adverse impact on the market for teenage labor. This is because teenagers typically have less experience and fewer skills than more experienced or skilled workers, and therefore may not be as valuable to employers. As a result, if the minimum wage is set too high, employers may find it more expensive to hire these workers and may look for alternatives such as automation or hiring more experienced workers. This can result in fewer job opportunities and higher levels of unemployment among teenagers.

The Minimum Wage Has Its Greatest Adverse Impact on the Market