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Which of the following is the most likely result of an increase in the minimum wage?
a. A decrease in the number of workers seeking minimum wage jobs.
b. A decrease in the employment of unskilled workers.
c. An increase in the demand for unskilled workers.
d. An increase in the employment of unskilled workers.

Ask by Guzman Beck. in the United States
Jan 24,2025

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A decrease in the employment of unskilled workers is the most likely result of an increase in the minimum wage.

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Bonus Knowledge

An increase in the minimum wage often leads to an increase in workers’ earnings, which can boost their purchasing power and consumption. However, businesses may face higher labor costs, prompting some to hire fewer unskilled workers or reduce hours, leading to option b: a decrease in the employment of unskilled workers. It’s a classic economic tug of war!
One common mistake people make when discussing the minimum wage is assuming it will benefit all workers equally. In reality, the impact can vary significantly based on local economies, industries, and the specific demographic of workers involved. So, while some workers may see benefits, others might face job losses or reduced hours!

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