ABSTRACT. Over the past decade, there has been increasing evidence describing the labor market impacts of minimum wages, the results of minimum wage rises, the consequence of the minimum wage on concerned employees, and employment effects of minimum wages. The mainstay of the paper is formed by an analysis of the impacts of alterations in the minimum wage on wage disparity, labor market consequence of rises in the minimum wage and unemployment advantage, the influences of minimum wages on youth and low-skilled employment, and the performances handling the positive employment effects. This research makes conceptual and methodological contributions to the function of immigrants’ circulation in the minimum wage labor market, the employment consequences of minimum wage supervisions, the function that local labor market circumstances have in wage generation, and the connection between the minimum wage and wage disparity. pp. 117–122
JEL Codes: F16; J08; J21

Keywords: minimum wage; employment; labor market; inequality

How to cite: Popescu, Gheorghe H. (2014), “The Impacts of Minimum Wages on the Labor Market,” Journal of Self-Governance and Management Economics 2(3): 117–122.

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Dimitrie Cantemir Christian University, Romania

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