The general consensus on minimum wage laws is that they:
A) do create some unemployment.
B) affect workers at all skill levels.
C) lead to extremely low rates of unemployment.
D) increase employment possibilities for teenagers.

Question

Quizplus · Accepted Answer

The general consensus is that minimum wage laws do create some unemployment. This is because employers may be unwilling or unable to pay the higher wage, leading to a decrease in demand for labor and potentially resulting in layoffs or reduced hiring.

The General Consensus on Minimum Wage Laws Is That They