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Nesterboy [21]
3 years ago
10

Economists generally agree that increases in the minimum wage increase employment.a. TRUEb. FALSE

Business
1 answer:
andreyandreev [35.5K]3 years ago
5 0

Answer:

b. FALSE

Explanation:

Economists do not have a unanimous consensus that an increase in the minimum wage will cause greater employment opportunities. In fact, the opposite is the case because research shows that when the minimum wage is increased, there is less demand for low-skill workers. Given that these firms would be paying more, they would want to only employ those that have a high-skill set and thus save their organization of some funds. Since businesses are not charity organizations, they must make decisions that will benefit them.

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