Consider the following statements when answering this question: I. Employers are always hurt by minimum wage laws.
II) Workers always benefit from minimum wage laws.
A) I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) I and II are false.

Question

Quizplus · Accepted Answer

Statement I is true because minimum wage laws increase the cost of labor for employers, which can lead to reduced employment or increased prices for consumers. However, statement II is false because minimum wage laws can have negative effects on certain groups of workers, such as those with low skills or limited job experience. Overall, the impact of minimum wage laws on employers and workers depends on a variety of factors and can vary depending on the specific circumstances.

Consider the Following Statements When Answering This Question: I