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How does minimum wage influence the demand and supply in the labour market?​
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How does minimum wage influence the demand and supply in the labour market?​

User Maddygoround
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13 votes
The effect of Minimum wage Increase on Employment and Unemployment. At the same time, the higher minimum wage means that more people would like jobs. The increase in the amount of labor that people would like to supply, and the decrease in the amount of labor that firms demand, both serve to increase unemployment.
User MvdD
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