An increase in the minimum wage will automatically accomplish the following:
A)everyone's wages will go up.
B)everyone's wages will go down.
C)wages won't change.
D)unemployment will likely go down.
E)unemployment will likely go up.

Question

Quizplus · Accepted Answer

An increase in the minimum wage can lead to higher labor costs for employers. In some cases, to manage these increased costs, employers might reduce their workforce or slow down hiring, potentially leading to an increase in unemployment.

An Increase in the Minimum Wage Will Automatically Accomplish the Following