QUESTION 25 Research into the actual effects of increases in the minimum wage ha

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QUESTION 25 Research into the actual effects of increases in the minimum wage has resulted in some conflicting results. However, research over the years has also resulted in some consensus views. Which of the claims below are well- founded and not a matter of controversy among economists? (Choose all that apply) Teenagers are more likely to suffer unemployment as a result of an increase in the minimum wage than are older workers. Employment in food service was not affected by Seattle's increase in its minimum wage (for wages as high as $13). The $15 minimum wage in Seattle lowered low-wage employees' earnings by an average of $125 per month in 2016 A $15 minimum wage in Seattle or New York City is more appropriate than a $15 minimum wage in rural areas where the cost of living is lower. The long-term effects of an increase in the minimum wage will be much more technology enables employers to substitute machines for people. severe than short-term effects as

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Ans

Last two options are right. Minimum wage depends on living standards. Minimum wage has already resulted in automation in long run

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