A reduction in the minimum wage will tend to cause which of the following? This is a question that many people are asking, and it’s one that can be answered with an analysis of supply and demand. If you decrease the price for something (in this case, labor), then more people will want to buy it. In other words, there will be increased demand for low-wage jobs. So what does this mean for workers? Some might find better paying jobs or have their wages increase because employers need more employees at lower prices; others might not see any changes at all; but some may just lose their job entirely! What effect might a reduction in the minimum wage have? This is a question that many people are asking, and it’s one that can be answered with an analysis of supply and demand. If you decrease the price for something (in this case, labor), then more people will want to buy it. In other words, there will be increased demand for low-wage jobs. So what does this mean for workers? Some might find better paying jobs or have their wages increase because employers need more employees at lower prices; others might not see any changes at all; but some may just lose their job entirely!
