Lowering the minimum wage will reduce unemployment by decreasing the amount of time it takes to search for a job.

Question

Quizplus · Accepted Answer

There is no evidence to suggest that lowering the minimum wage would reduce unemployment. In fact, some studies suggest that it may actually increase poverty and unemployment rates among low-wage workers. Additionally, reducing the minimum wage would not necessarily shorten the amount of time it takes to find a job, as job availability and competition for positions also play a role in the job search process.

Lowering the Minimum Wage Will Reduce Unemployment by Decreasing the Amount