How does the minimum wage affect employment?

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2026-08-28 19:54:52 -

How Does the Minimum Wage Affect Employment? The minimum wage is the lowest hourly wage that employers are legally allowed to pay workers. Governments establish minimum wages to help ensure that employees receive a basic level of income and to reduce extremely low pay. However, because a minimum wage changes the price of labor, it can also affect how many workers businesses are willing to...

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