Because relatively few people are paid minimum wage,raising the minimum wage does not affect pay structures.

Question

Quizplus · Accepted Answer

While it is true that relatively few people are paid minimum wage, raising the minimum wage can still have an impact on pay structures as it can cause a ripple effect where employers increase the wages of higher-paid employees in order to maintain a certain pay hierarchy. Additionally, it can also lead to employers reducing hours or cutting jobs to compensate for the increased labor costs.

Because Relatively Few People Are Paid Minimum Wage,raising the Minimum