Does Raising the Minimum Wage Hurt Employees? | Scripted

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Does Raising the Minimum Wage Hurt Employees?

by Julian G.
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.
Pittsburgh, Pennsylvania, United States

About Julian G.