Which of the following is not a consequence of minimum wage laws? Question 11 op

Question

Which of the following is not a consequence of minimum wage laws? Question 11 options: A) Some workers benefit when the minimum wage is increased. B) Employers will be reluctant to offer low-skill workers jobs with training. C) Low skilled workers are hurt because minimum wage reduces the number of jobs providing low skilled workers with training. D) Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage.

Explanation / Answer

Answer

D) Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage.

because of minimum wage producer have to pay the wage higher than equilibrium wage so the producers do not have the incentive to pay-in-kind benefits.

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