Why Would an Increase in the Minimum Wage to $15

question 6

Essay

Why would an increase in the minimum wage to $15 per hour lead to more unemployment for teenage and low-skilled workers?

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Definitions:

Clearance Priced

Items sold at a significant discount to clear inventory, often due to overstock or the discontinuation of specific products.

Demand Level

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified time period.

Third-Shift

The night shift or graveyard shift in a 24-hour operation, typically running from late evening to early morning.