Economists who support minimum-wage legislation are likely to believe that the

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Economists who support minimum-wage legislation typically believe that the demand for unskilled labor is relatively inelastic, meaning that an increase in the wage rate will only slightly decrease the demand for workers. Supporters of minimum wage argue that this will benefit low-skilled workers by increasing their wages without causing significant job losses.

Economists Who Support Minimum-Wage Legislation Are Likely to Believe That