Those who oppose minimum wage legislation argue that:

Question

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Opponents of minimum wage legislation argue that setting a wage above the market-clearing equilibrium creates unemployment because employers cannot afford to hire as many workers at the higher wage, leading to a surplus of labor. Option B is incorrect because opponents argue against setting the minimum wage above the market-clearing equilibrium. Option C is not universally opposed but is not relevant to the argument against minimum wage legislation. Option D is also not relevant as opponents may argue against the use of executive orders to set the minimum wage.

Those Who Oppose Minimum Wage Legislation Argue That