Does Raising the Minimum Wage Hurt Employees?

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The minimum wage is a type of "price floor". Econ theory says price floors cause decrease in supply, which means businesses hire less labor with a wage floor. However, some economists say that a higher minimum wage will increase total demand.


Julian G.

Julian G.

Pittsburgh, Pennsylvania, United States

I especially enjoy writing about business and technology, but I enjoy writing on almost any subject. I would like to write more on politics and news when given the chance.

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