There are several criticisms of the minimum wage. Which of the following is not
ID: 1121390 • Letter: T
Question
There are several criticisms of the minimum wage. Which of the following is not one of those criticisms? The minimum wage
often hurts those people who it is intended to help.
results in an excess supply of low-skilled labor.
prevents some unskilled workers from getting needed on-the-job training.
fails to raise the wage of any employed person.
a.often hurts those people who it is intended to help.
b.results in an excess supply of low-skilled labor.
c.prevents some unskilled workers from getting needed on-the-job training.
d.fails to raise the wage of any employed person.
Explanation / Answer
d.fails to raise the wage of any employed person
Reason
Indeed minimum wage will increase the salary of a lot of labors, thus it is not a criticism of the policy.