Those that gain from an increase in the minimum wage are
A)all workers.
B)those workers who keep their jobs.
C)employers.
D)consumers who pay lower prices for goods.

Question

Quizplus · Accepted Answer

Only workers who keep their jobs benefit from an increase in the minimum wage as they receive higher wages. Employers may face higher labor costs and potentially reduce hours or layoffs to offset these costs. Consumers may also face higher prices for goods and services due to increased labor costs. Therefore, the statement "all workers" (A) and "consumers who pay lower prices for goods" (D) are incorrect.

Those That Gain from an Increase in the Minimum Wage