One of the consequences of the minimum wage has been:

A) decreased unemployment for low-skill workers.
B) workers offering to work off the books for less than the minimum wage.
C) lower production costs for small businesses.
D) increased employment for high-skill workers.

Question

Caleb Clevenger · Accepted Answer

Final Answer : B, Explanation :  One consequence of the minimum wage is that some workers may offer to work off the books for less than the minimum wage in order to compete with other workers for available jobs. This can create a situation where some workers are paid less than the minimum wage, which is not only illegal but can also reduce tax revenues for governments.

One of the consequences of the minimum wage has been:

A) decreased unemployment for low-skill workers.
B) workers offering to work off the books for less than the minimum wage.
C) lower production costs for small businesses.
D) increased employment for high-skill workers.

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Learning Objectives

Related questions

One of the consequences of the minimum wage has been:A) decreased unemployment for low-skill workers.B) workers offering to work off the books for less than the minimum wage.C) lower production costs for small businesses.D) increased employment for high-skill workers.

Definitions

Learning Objectives

Learning Objectives

Related questions

One of the consequences of the minimum wage has been:

A) decreased unemployment for low-skill workers.
B) workers offering to work off the books for less than the minimum wage.
C) lower production costs for small businesses.
D) increased employment for high-skill workers.