Increases in the minimum wage increase unemployment among unskilled workers.

Name: Increases in the minimum wage increase unemployment among unskilled workers.
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Question

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Economic theory suggests that higher minimum wages can lead to unemployment among unskilled workers as employers may reduce hiring or cut jobs to offset increased labor costs. However, the actual impact can vary based on other economic factors and empirical studies.

Increases in the Minimum Wage Increase Unemployment Among Unskilled Workers