Which of the following are potential problems with using the minimum wage as a poverty-fighting tool? Choose one or more: A. Fewer low-income workers will be employed. B. There will be a shortage of workers in low-wage jobs. C. Lower-income workers will earn more. D. Employers might shift to more capital-intensive production because labor is relatively more expensive. E. There will be more lower-skilled workers entering the labor force looking for work and more jobs for them.

Which of the following are potential problems with using the minimum wage as a poverty-fighting tool? Choose one or more: A. Fewer low-income workers will be employed. B. There will be a shortage of workers in low-wage jobs. C. Lower-income workers will earn more. D. Employers might shift to more capital-intensive production because labor is relatively more expensive. E. There will be more lower-skilled workers entering the labor force looking for work and more jobs for them.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter12: Income Distribution, Poverty, And Discrimination

Section: Chapter Questions

Problem 14SQ

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