As Reported in the Case in Point on the Monopsony-Minimum

As reported in the Case in Point on The Monopsony-Minimum Wage Controversy, Dwight Lee, an economist at the University of Georgia, suggested that an increase in the minimum wage might not improve worker well-being because itmay:

A) reduce employment because of a decrease in the quantity of labor demanded.
B) increase unemployment for positions that require skilled labor.
C) lead to higher payroll taxes and a decrease in retirement benefits.
D) reduce other fringe benefits that workers value more highly than wages themselves.