If the wage for unskilled labor were fixed above the current wage,then we would expect
A) an increase in the number of unskilled jobs available.
B) a decrease in the number of unskilled jobs available.
C) a decrease in the number of workers wanting unskilled jobs.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

When the wage for unskilled labor is fixed above the current market wage, it typically leads to a surplus of labor, meaning more people want to work at the higher wage, but employers hire fewer workers due to increased labor costs, resulting in fewer unskilled jobs available.

If the Wage for Unskilled Labor Were Fixed Above the Current