A higher minimum wage can hurt low wage workers.

Question

Quizplus · Accepted Answer

If the minimum wage is set too high, it can lead to employers cutting back on hiring or reducing work hours for current employees in order to compensate for the higher wages. This can ultimately mean fewer job opportunities and hours for low wage workers. Additionally, businesses may raise prices to cover the increased labor costs, which can make goods and services more expensive for low wage earners, offsetting the benefits of the higher minimum wage.

A Higher Minimum Wage Can Hurt Low Wage Workers