rising wages

What Were The Factors That Affect The Labor Market?

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What Were The Factors That Affect The Labor Market? The five factors that affect the labor market are: social change, population shifts, world events, government actions, and the economy. What are the factors affecting Labour market? At the macroeconomic level, supply and demand are influenced by domestic and international market dynamics, as well as factors

Does Increase In Minimum Wage Increase Unemployment?

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Does Increase In Minimum Wage Increase Unemployment? Does increase in minimum wage increase unemployment? Meanwhile, their supply will rise. Thus an introduction of a high minimum wage would cause the supply of labor to exceed demand, resulting in unemployment. When minimum wage is increased unemployment will increase? Raising the minimum wage has positive impacts, such