Most U.S. workers have wages well above the legal minimum, so minimum-wage laws do not prevent the wage from adjusting to balance supply and demand.

Question

Quizplus · Accepted Answer

Most U.S. workers earn more than the minimum wage because employers often have to pay above the legal minimum to attract and retain employees, indicating that market forces rather than minimum wage laws primarily determine wages.

Most US Workers Have Wages Well Above the Legal Minimum, So