The great majority of labor economists believe that a minimum wage __________ unemployment among young and unskilled workers.
A)increases
B)decreases
C)eliminates
D)has no effect on
E)There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

The majority of labor economists believe that a higher minimum wage increases unemployment among young and unskilled workers as businesses may not be able to afford to pay the higher wages and therefore may hire fewer employees or cut back on hours.

The Great Majority of Labor Economists Believe That a Minimum