Arguments in favor of minimum wage laws do NOT include that they:
A)reduce poverty.
B)increase unemployment.
C)compensate for a lack of bargaining power among low-skilled workers.
D)provide higher wages to those willing to work.

Question

Quizplus · Accepted Answer

Minimum wage laws are generally argued to reduce poverty, compensate for a lack of bargaining power among low-skilled workers, and ensure that those willing to work receive a fair wage. The argument that they increase unemployment is typically cited as a criticism, not a favor, of minimum wage laws. Critics argue that higher minimum wages can lead to job losses as employers may reduce hiring or cut hours to manage increased labor costs.

Arguments in Favor of Minimum Wage Laws Do NOT Include