100k Aussie jobs crushed: Low-skilled job seekers pay price of wage hike

For years we’ve been told that the driver of upward economic mobility and the antidote to sticky wages is a higher minimum wage. When we consider the impact high price floors have on demand, we can see a too-high minimum wage comes at the cost of jobs.

Barclay McGain21 September 2021economics, labour market, labour market reform, Australian politics, minimum wage, price floors, jobs, employmen, employment, unemployment, sticky wages