The minimum wage,if it is binding,raises the incomes of
A)no workers.
B)only those workers who cannot find jobs.
C)only those workers whose jobs would pay less than the minimum wage if it didn't exist.
D)all workers.

Question

Quizplus · Accepted Answer

The minimum wage only affects workers whose jobs would pay less than the minimum wage if it did not exist. For example, if the minimum wage were $10 per hour, a worker currently earning $8 per hour would receive a pay increase to $10 per hour, while a worker already earning $12 per hour would not be affected. Therefore, only those workers whose jobs paid less than the minimum wage would see an increase in income.

The Minimum Wage,if It Is Binding,raises the Incomes of