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.

The most likely result of an increase in the minimum wage can be understood through basic economic principles related to supply and demand in the labor market. **Explanation:** 1. **Supply and Demand Dynamics:** - **Supply Side:** Increasing the minimum wage makes these jobs more attractive, leading to an increase in the number of workers willing to work at the higher wage. - **Demand Side:** Employers may respond to the higher wage by reducing the number of workers they hire, especially if the higher wage increases their labor costs significantly. 2. **Impact on Unskilled Workers:** - **Employment Effect:** For unskilled workers, who often earn near the minimum wage, a higher minimum wage can lead to reduced employment opportunities. Employers might automate certain tasks, reduce hiring, or even lay off some workers to manage increased labor costs. 3. **Analysis of Options:** - **a.** *A decrease in the number of workers seeking minimum wage jobs.* This is unlikely because a higher wage typically attracts more workers. - **b.** *A decrease in the employment of unskilled workers.* This aligns with the standard economic prediction that higher wages can lead to reduced employment opportunities in certain sectors. - **c.** *An increase in the demand for unskilled workers.* Higher wages usually decrease the demand for labor. - **d.** *An increase in the employment of unskilled workers.* This contradicts typical economic outcomes where higher wages may lead to reduced employment. **Correct Answer:** **b. A decrease in the employment of unskilled workers.**