One of the Consequences of the Minimum Wage Has Been

question 87

Multiple Choice

One of the consequences of the minimum wage has been:

• A)decreased unemployment for low-skill workers.
• B)workers offering to work off the books for less than the minimum wage.
• C)lower production costs for small businesses.
• D)increased employment for high-skill workers.

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Definitions:

Compensation and Benefits

Compensation and benefits refer to the salary, wages, and additional perks or rewards provided by an employer to its employees in exchange for their services.

Human Resource Management

The strategic approach to the effective management of people in a company or organization to help their businesses gain a competitive advantage.

Group Insurance

A type of insurance plan that covers a defined group of people, typically employees of a business, offering benefits due to sickness, disability, or death.