Do you think that a price floor such as a minimum wage will result in a surplus of labor and hence unemployment?

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asked Jun 11, 2018 93.1k views

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Mladen Danic · Answer 1 · 2018-06-15T05:39:08+0000

when the price floor of minimum wage is increased ,there will be lot of people to work for the current wages. now there will be a surplus of workers and less work compared to the workers. this will led to unemployment once again.

Do you think that a price floor such as a minimum wage will result in a surplus of labor and hence unemployment?

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