Minimum wage laws that require wages of low-skill workers to be above equilibrium contribute to what type of unemployment?

Question

Quizplus · Accepted Answer

Minimum wage laws that set wages above the market equilibrium can lead to structural unemployment. This is because employers may not hire as many workers at the higher wage, leaving some low-skill workers unable to find employment at the mandated wage level.

Minimum Wage Laws That Require Wages of Low-Skill Workers to Be