Minimum Wages And Unemployment

This paper develops an approach to investigate the impacts of minimum wages on youth unemployment. Youth employment seems to be an important issue within economies around the world, but this papers focus will be within the United States. On August 18th, 2015 the U.S Bureau of Labor Statistics reported that from April to July 2015, the number of employed youth 16 to 24 years old increased by 2.1 million to 20.3 million . But the question isn’t why or even how, it’s what is to come next. Each time the government places a price floor teen jobs plummet due to the fact that companies would rather keep experienced people rather than people who are inexperienced. In the year 1997, the US had approximately 30% of high school students holding a job,