On unemployment continued

However, do those methods I mentioned at the end of the previous post ever help unemployment rate fall? I'm skeptic about that. The theory so called "paradox of minimum wages" has a significant caveat. Unemployment is not just employers' not hiring; employees' quitting. Of course, involuntary unemployment should be much more important, but voluntary unemployment has significant impact on businesses. There are quite a lot of evidences that the higher minimum wage is the lower hiring rate is; at the same time, the lower the minimum wage is the higher quitting rate is. Overall, hiring rate and quitting rate cancel each other, so minimum wage's effect on employment becomes minimal. Businesses' labour costs are not just salaries they pay for their workers; recruiting process also incur quite a bit amount of costs. If workers quit too often, accordingly, these costs will rise. What is worse, too often quitting can cause production disruptions, as well, if the former employer cannot find the replacement workers right away.