rather than targeting employers QUESTION 25 Research into the actual effects of

Question

rather than targeting employers QUESTION 25 Research into the actual effects of increases in the minímum 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) 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 severe than short-term effects as technology enables employers to substitute machines for people as $13). Employment in food service was not affected by Seattle's increase in its minimum wage (for wages as high Teenagers are more likely to suffer unemployment as a result of an incr workers. ease in the minimum wage than are older

Explanation / Answer

Minimum wage affects the teenagers distinclty than the old people. Old people have more skills relative to teenagers. Further, firms reduce the hirings of new employees. If minimum wage is increased, firms can not take action immediately, but in long run, they try to use more capital and skilled labors. Hence, right answers are:

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.