When a minimum wage results in unemployment, people may turn to markets to provide their labor.

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14-02-2022
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When a minimum wage results in unemployment, people may turn to markets to provide their labor.

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Tundexi Tundexi · Answer 1 · 2022-02-16T10:53:17+01:00

It is false that people may turn to markets to provide their labor as a result of minimum wage that resulted in unemployment.

What is a minimum wage?

A minimum wage means the legal lowest wages or salary that must be paid to labor workers.

In conclusion, is false that people may turn to markets to provide their labor as a result of minimum wage that resulted in unemployment because only goods and service are transacted in market