-The people who immediately benefit from a minimum wage are
A) the workers who retain their jobs after enactment of the minimum wage.
B) everyone, both demanders and suppliers, because the minimum wage benefits everyone.
C) all workers.
D) employers who now pay the minimum wage.
E) those people who enter the labour force to search for minimum wage jobs.

Question

-The people who immediately benefit from a minimum wage are
A) the workers who retain their jobs after enactment of the minimum wage. 
B) everyone, both demanders and suppliers, because the minimum wage benefits everyone. 
C) all workers. 
D) employers who now pay the minimum wage. 
E) those people who enter the labour force to search for minimum wage jobs.

Quizplus · Accepted Answer

The workers who retain their jobs after the enactment of the minimum wage benefit immediately because they receive higher wages for their work. Other groups may face mixed effects; for example, some workers might lose their jobs if employers cut back on hiring due to higher wage costs, and employers might face increased labor costs.

-The People Who Immediately Benefit from a Minimum Wage Are