All of the following are arguments for minimum wage laws except
A)they help the poor by increasing their incomes.
B)the increase in income does not come at the expense of taxpayers.
C)they provide better work incentives.
D)they create a surplus in the labor market.

Question

Quizplus · Accepted Answer

Minimum wage laws can create a surplus of labor in the market, as employers may not be able to afford to hire as many workers at the higher wage rate, leading to increased unemployment. Options A, B, and C are all potential arguments in favor of minimum wage laws, but option D presents a counterargument against them.

All of the Following Are Arguments for Minimum Wage Laws