There Are Several Criticisms of the Minimum Wage

question 204

Multiple Choice

There are several criticisms of the minimum wage.Which of the following is not one of those criticisms? The minimum wage

• A)often hurts those people who it is intended to help.
• B)results in an excess supply of low-skilled labor.
• C)prevents some unskilled workers from getting needed on-the-job training.
• D)fails to raise the wage of any employed person.

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Definitions:

Need For Achievement

A psychological trait characterized by a strong desire to accomplish difficult tasks, achieve high standards, and meet personal goals.

Over-Reward Inequity

Occurs when an individual perceives that they are receiving more rewards (pay, recognition, benefits) in comparison to others for the same amount of effort or contribution.

Outcomes-To-Inputs Ratio

A principle in equity theory that compares the rewards (outcomes) one receives from a job relative to the effort (inputs) one has invested.

Sensitives

Individuals or entities that are highly responsive or susceptible to external stimuli or changes in their environment.