The minimum wage was instituted in order to ensure workers

Question

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The minimum wage was instituted to ensure that workers are able to earn a minimally adequate standard of living that covers basic expenses such as housing, food, and healthcare. It is a means to prevent exploitation and ensure that workers receive fair compensation for their labor. It is not meant to establish a middle-class standard of living nor to provide unemployment compensation. However, some economists argue that increasing the minimum wage could lead to job loss, which would contradict option B.

The Minimum Wage Was Instituted in Order to Ensure Workers