Minimum wage hikes threaten job stability for young workers in Portugal.
The study looked at how raising the minimum wage affects job stability. They found that when the minimum wage goes up, jobs paying below the new minimum wage are more likely to end. This effect is stronger for young workers and the manufacturing industry, where many low-wage workers are found. In Portugal, where the study took place, almost 18% of workers are directly impacted by minimum wage increases. This suggests that policies affecting low-wage jobs need to be carefully considered.