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Minimum Wages and Youth Unemployment: Will Britain Learn from Canada?
Author(s) -
FORREST DAVID
Publication year - 1982
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1982.tb01448.x
Subject(s) - unemployment , minimum wage , legislation , economics , labour economics , youth unemployment , state (computer science) , population , wage , economic growth , political science , sociology , law , demography , algorithm , computer science
Norman Tebbit is spending vast sums on palliatives for youth employment. Minimum wage legislation may be responsible for nearly 40 per cent of youth unemployment in Britain. Canada suggests that unemployment must result if the labour market is prevented from accommodating population change through state‐imposed rigidities which prevent changes in the price of labour.