Supporters of the minimum wage contend that:
A) it reduces the profits of firms in the industry.
B) it reduces employment in the industry.
C) it helps workers receive a "living wage."
D) it increases labor turnover.

Question

Quizplus · Accepted Answer

Supporters of the minimum wage argue that it helps workers receive a "living wage," which means they can earn enough to meet their basic needs, such as food, shelter, and healthcare. This helps to reduce poverty and inequality in society. The other options are arguments against the minimum wage, stating that it reduces profits, employment, and increases labor turnover.

Supporters of the Minimum Wage Contend That