It wastes resources and hurts the poor www strona htmlpartner is a standard application of basic economic principles Demand curves slope downward which means that people wish to buy more of something as it gets cheaper and less of something as it gets more expensive Supply curves slope upward meaning people are willing to do more of something as the rewards increase and less of something as the rewards decrease In competitive markets minimum wages create While they draw more people into the labor market they reduce the amount of labor companies wish to hireIn the complex American labor market these effects may be difficult to identify but a survey research on minimum wages by David Neumark and William Wascher finds that minimum wages do in fact reduce employment As Neumark argues in a Wall Street the best estimates suggest that this past summers minimum wage increase will 300000 jobs that would otherwise be filled by teenagers and young adults For example summer camps cut back on hiring in response to the weakening economy but also in response to the coming increase in the price of laborEven if a higher minimum wage doesnt manifest itself in lost jobs as such it will lead to fewer hours reduced benefits or both Some workers who would have received paid training wont Employee discounts and other perks might fall Some jobs that would have been created in the absence of a higher minimum wage wont scanners at grocery stores are in part a response to higher labor costsand there are many margins on which employers can adjust without necessarily firing are other ways in which a minimum wage is a raw deal for lowskill workers One is its effect on experience in the labor market and therefore future earnings Since having a job is one of the mostważne sposobów na zdobycie cennych minimalne przekłada się na tomorrows obniżonych zarobków read all