A decrease in the current minimum wage would:
A)decrease employment for low skill workers.
B)increase firm's demand curves for low skill workers.
C)increase the supply of low skill workers.
D)decrease the incomes of some low skill workers.
E)do none of the above.

Question

Quizplus · Accepted Answer

A decrease in the current minimum wage would result in lower incomes for some low skill workers. It would not necessarily lead to an increase in employment or a shift in demand curves for low skill workers, nor would it increase the supply of low skill workers.

A Decrease in the Current Minimum Wage Would