Those that lose 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

Employers are the ones who may lose from an increase in the minimum wage as they will have to pay their employees more. This can lead to higher labor costs, potentially leading to higher prices for goods and services, or even job losses if the employer cannot afford to pay the higher wages. Workers who keep their jobs may benefit from an increase in the minimum wage, while consumers who pay lower prices for goods are not directly affected by changes in the minimum wage.

Those That Lose from an Increase in the Minimum Wage