Explain why does the minimum salary seem to have

Reference no: EM1330212

Monetary Theory and Policy Understanding

Also,what accounts for the relatively high unemployment rate of young workers? Why does the minimum wage seem to have the greatest impact on teenagers? Who does the minimum wage benefit?

Lastly, when prices continue to rise year after year the continuing inflation affects the lives of everyone in society. Can you explain some of these detrimental effects on different individuals and groups in society.

Reference no: EM1330212

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