6 Minimum wage legislation increases the earnings of some low-skill workers, but others are forced to accept
Question:
6 Minimum wage legislation increases the earnings of some low-skill workers, but others are forced to accept inferior employment opportunities, join the ranks of the unemployed, or drop out of the labor force completely. Minimum wage legislation reduces the ability of employers to offer (and low-skill employees to find) work with on-the-job training and skill-building experience. Thus, the jobs available to low-skill workers tend to be primarily dead-end jobs. The most disadvantaged workers, particularly members of minority groups and teenagers, are the hardest hit. Tragically, many youthful workers, particularly blacks, have been priced out of the job market by the minimum wage. Denied the opportunity to obtain entry-level jobs at an early age, many are unable to acquire the job experience and on-the-job training that would provide for more favorable future employment opportunities.
Step by Step Answer:
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark