Asked by
trent rorabaugh
on Nov 16, 2024
Verified
Minimum-wage laws are one reason there is always some unemployment in the U.S. economy.
Minimum-Wage Laws
Laws establishing the minimum per-hour payment that employers are legally allowed to offer their employees.
Unemployment
The situation in which individuals who are able and willing to work cannot find employment.
- Study the impact that minimum-wage requirements have on the alteration of labor market operations and the rate of unemployment.
Verified Answer
MB
Learning Objectives
- Study the impact that minimum-wage requirements have on the alteration of labor market operations and the rate of unemployment.