A Stated Goal of a Minimum Wage Is to

question 219

Multiple Choice

A stated goal of a minimum wage is to

• A) increase government tax revenue.
• B) stabilize production costs.
• C) boost the incomes of low-wage earners.
• D) decrease business profits.
• E) increase business profits by making the labor market more efficient.

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Definitions:

Equal Pay Act

A U.S. federal law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Substantially the Same Job

A position that is almost identical in terms of duties, conditions, responsibilities, and status to another job.

Age Discrimination

Unfair treatment of an individual or group based on their age, particularly in employment settings.

ADEA

Age Discrimination in Employment Act, a U.S. law designed to protect workers and job applicants aged 40 and over from age-based discrimination.