Theory suggests that minimum-wage laws create ________ unemployment, especially among younger workers.

Question

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Minimum-wage laws can lead to structural unemployment because they set a wage floor that may be above the equilibrium market wage, making it more costly for employers to hire workers, particularly affecting younger or less skilled workers who might not produce value equal to or greater than the minimum wage.

Theory Suggests That Minimum-Wage Laws Create ________ Unemployment, Especially Among