Countries can reduce unemployment among young people without cost by reducing the minimum wage for young people or reducing unemployment compensation.

Question

Quizplus · Accepted Answer

Reducing the minimum wage or unemployment compensation may have some impact on employment levels, but these measures can also lead to negative consequences such as increased poverty among young workers and reduced consumer spending, and they do not come without costs to society and the economy. Effective strategies to reduce youth unemployment often require investments in education, training, and job creation programs.

Countries Can Reduce Unemployment Among Young People Without Cost by Reducing