Many economists estimate that for every 10% increase in relative minimum wage rates, there is a corresponding decrease in employment of those affected equal to
A) 5-10%.
B) 1-2%.
C) 10-20%.
D) 30-40%.

Question

Quizplus · Accepted Answer

Research generally finds that a 10% increase in the minimum wage leads to a 1-2% decrease in employment among low-wage workers, indicating a relatively modest impact on employment levels.

Many Economists Estimate That for Every 10% Increase in Relative