Suppose that the minimum wage was increased to $10 per hour. Which of the following would be most likely to result from the minimum wage increase?
A) an increase in the employment of low-skill workers previously employed at wage rates of less than $10 per hour
B) an increase in the number of jobs providing low-skill workers with on-the-job training
C) a reduction in the number of teenagers unemployed
D) an increase in the demand for high-skill workers providing services that are a good substitute for those whose wages were pushed up by the higher minimum wage

Question

Quizplus · Accepted Answer

When the minimum wage is increased, employers may seek to hire more high-skill workers who can perform tasks more efficiently, as they may be seen as a better value compared to low-skill workers whose wages have increased.

Suppose That the Minimum Wage Was Increased to $10 Per