Country is considering increasing the minimum hourly wages

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Reference no: EM131172327

The government of a country is considering increasing the minimum hourly wages by 10 percent. Economists argue that this is going to have a negative effect on employment in the long term.

Which of the? following, if? true, would strengthen the? economists' viewpoint?

A. The minimum wage in the country is currently 3 percent below the? newly-revised poverty line.

B. The increase in the minimum wage is expected to reduce frictional unemployment in the economy.

C. Several research studies have concluded that increases in the minimum wage are likely to reduce school enrolment among teenagers.

D. Even with a 10 percent? increase, the minimum wage in the country will still be lower than those of neighboring countries.

E. Due to labor? shortage, companies in the country are willing to pay efficiency wages for even the most basic jobs.

Reference no: EM131172327

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