It wont. Increasing the minimum wage makes small businesses have to employ fewer people because they can%26#039;t afford to pay more. It obviously helps people who are already working at minumum wage, but hurts people who are looking for jobs.
How will increasing minimum wage help the unemployment rate?inflation rate
No that will mean that employers will have a larger payroll expenditure and will be less likely to hire more people.
How will increasing minimum wage help the unemployment rate? loan
It won%26#039;t, the unemployment rate is unrelated to minimum wage, time and again it is nothing more than a shift in assets.|||it wont it will actually decrease the workforce if it raises pay|||I don%26#039;t think it will help the unemployment rate... On that note, I don%26#039;t think that it will really help the minimum wage workers.. Wages go up, cost of living goes up!
I have a great idea... It willnt help anything but, lets see the lovely elected officials of the Louisville Metro Government work for minimum wage. That would be a hoot! Better yet, lets go out to Prospect and tell them that they cant pay their maids/ nanny%26#039;s/ gardeners minimum wage anymore. Talk about a revolution!
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