The "fair results" view of fairness says that a minimum wage law set above the equilibrium wage rate is unfair because the minimum wage
A) does not apply to all workers.
B) boosts the income of highly skilled workers.
C) benefits only those workers who are able to find and keep a job.
D) benefits nobody.
E) cannot be enforced.

Question

Quizplus · Accepted Answer

The fair results view of fairness argues that people should be rewarded based on their productivity and effort, and that outcome disparities are acceptable as long as they are the result of fair competition in the marketplace. Therefore, they believe that a minimum wage law set above the equilibrium wage rate is unfair because it only benefits those workers who are able to find and keep a job. This implies that the law does not provide equal opportunities or outcomes for all workers, as some may be priced out of the labor market altogether or be replaced by automation or outsourcing. Thus, the minimum wage may not achieve its intended goal of reducing poverty and inequality since its benefits are limited to those who are already employed and may harm those who are unemployed or looking for work.

The "Fair Results" View of Fairness Says That a Minimum