The minimum wage is a price ____,which tends to ___ the employment of unskilled workers.

Question

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The minimum wage is a price floor - a legal minimum price that employers are required to pay their workers. By setting a floor price above the market equilibrium wage rate, the minimum wage tends to increase the cost of labor for employers and decrease the demand for low-skilled workers, resulting in potential job losses or reduced work hours.

The Minimum Wage Is a Price ____,Which Tends to ___

The Minimum Wage Is a Price __,Which Tends to _