Economists generally believe that increases in the minimum wage will
A)increase teen unemployment.
B)decrease teen unemployment.
C)have a dramatic impact on the poverty rate.
D)have a dramatic impact on the taxes paid by the working poor.

Question

Quizplus · Accepted Answer

Economists generally believe that increases in the minimum wage will lead to higher unemployment among low-skilled workers, particularly teenagers, as employers respond to the higher wage rates by reducing employment opportunities. Therefore, the correct answer is A, increases in the minimum wage will increase teen unemployment.

Economists Generally Believe That Increases in the Minimum Wage Will