Asked by
Aneesh Reddy
on Nov 16, 2024
Verified
Effective minimum-wage laws will most likely
A) increase demand for labor.
B) create a surplus of labor.
C) increase incomes for all unskilled workers.
D) decrease incomes for all unskilled workers.
Surplus Of Labor
An excess supply of labor in the job market, where the number of workers seeking employment exceeds the number of job vacancies.
- Gain insight into how legislation regarding the minimum wage influences labor market outcomes and the supply of workers.
Verified Answer
TB
Learning Objectives
- Gain insight into how legislation regarding the minimum wage influences labor market outcomes and the supply of workers.