Research suggests that as the minimum wage is increased by 10%,the associated increase in the teenage unemployment rate is nearly

Question

Quizplus · Accepted Answer

Research generally finds that a 10% increase in the minimum wage leads to a smaller increase in teenage unemployment, often estimated around 1%. This suggests that while there is some impact, it is relatively modest compared to the size of the wage increase.

Research Suggests That as the Minimum Wage Is Increased by 10%,the