The Minimum Wage Effects in Employment Rate
Due to increased demand for the job opportunities, the employers are much advantaged of the recruitment processes of new employees. The employers take not only the advantages of getting the best employees due to the greater number of applicants with great credential and experience, but also have the opportunity to exploit these applicants on salary settings. Basing our views on the purpose of the job acquisitions as to have mutual benefit, then, it becomes paramount to establish some standards that govern the association of the two parties.
As the conditions of the poor job seekers prevail, there are some high chances of vulnerability to exploitation by the greedy employers in their struggle for substantial profits. (The Department of Labor, 1999) However, there are quite some contradicting environments where most people have been faced with dilemmatic situations of creating more employment opportunities and maintaining of minimum wages, which enables the uplifting of the living standards of the impoverished persons. Increased minimum wages may lead to increased levels of unemployment