The ________ contributes to a ________ unemployment rate among teenaged workers.

Question

Quizplus · Accepted Answer

The minimum wage law sets a minimum wage rate that employers have to pay their workers. If the minimum wage rate is set above the equilibrium wage rate, some workers who are willing to work at the lower wage rate will be unable to find jobs. This leads to a decrease in the quantity of labor demanded and hence higher unemployment. Because teens are often inexperienced and have lower productivity levels than older workers, they are more likely to be affected by a higher minimum wage rate. Therefore, the minimum wage law contributes to a higher unemployment rate among teenaged workers.

The ________ Contributes to a ________ Unemployment Rate Among Teenaged

The Contributes to a Unemployment Rate Among Teenaged