by Justine Chariz R. Leongson
There are
a lot of unemployed workers while the minimum wage increases.
According
to Leonardo A. Lanzona, Jr., “The study also found that minimum wages caused firms
to reduce their production workers”.
And
because of being unemployed, they can’t even help their family, they can’t save
money for themselves and they can’t provide things for them which can cause
poverty.
“Because
of the minimum wages, firms are reluctant to hire younger, less educated and
female production workers.”, Leonardo A. Lanzona, Jr. said.
“To minimize
costs, increasing training for these younger and less educated production
workers may no longer be an option as minimum wages rise.”, Leonardo A. Lanzona, Jr. added.
Personal
background of employees is one of the reasons why most of the companies do not
hire immediately. Their age, education background, and even their experience
are included.
Since there
are a lot of companies who have high standards, there are many people that are
made involved. Because there are fresh graduates who need to work immediately
after graduating and cannot afford to have trainings, they are usually the ones
being unemployed and lands on small companies wherein there salary is not capable
of supporting their basic needs.
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