What is the typical effect of a minimum wage law on employment levels?

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Benefit all young workers by guaranteeing them a higher income than they would get otherwiseHave zero effect on joblessness if the minimum wage is above the market equilibrium wageLead to greater unemployment in industries requiring skilled labor compared to those needing unskilled laborResult in higher unemployment rates in low-skilled labor markets than in high-skilled labor markets

Explanation

Minimum wage laws generally cause increased unemployment primarily among low-skilled workers, as employers reduce hiring when wages are artificially raised above the market-clearing level. High-skilled labor markets are less affected because workers there often earn wages above the minimum wage already.