The minimum wage is increased to $15.This higher wage might ________ labor force participation,shifting the labor supply curve to the ________.
A) decrease; right
B) increase; left
C) decrease; left
D) increase; right
E) not change; right

Question

Quizplus · Accepted Answer

Increasing the minimum wage to $15 could make entering the workforce more attractive to people who were previously not working or looking for work, thus potentially increasing labor force participation. This increase in labor force participation would shift the labor supply curve to the right, as more people are willing to work at the higher wage.

The Minimum Wage Is Increased to $15