Unlike minimum wage laws, wage subsidies: a. help only wealthy workers. b. discourage firms from...
Question:
Unlike minimum wage laws, wage subsidies:
a. help only wealthy workers.
b. discourage firms from hiring the working poor.
c. cause unemployment.
d. raise the living standards of the working poor without creating unemployment.
Minimum Wage Laws:
Minimum wage laws refer to policies and regulations used by the government to control the amount of money paid to employees. The main aim of minimum wage laws is to protect workers from being underpaid by their employers.
Answer and Explanation: 1
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View this answerUnlike minimum wage laws, wage subsidies: d. raise the living standards of the working poor without creating unemployment.
The wage subsidy is...
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Minimum Wage and its Effects on Employment
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Chapter 6 / Lesson 6
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Understand the effect of minimum wage on employment. Study wage employment graphs and how they work, and discover pros and cons of minimum wage increase effects.
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