Critics of the Minimum Wage Contend That Higher Minimums Cause

question 61

True/False

Critics of the minimum wage contend that higher minimums cause employers to move up their labor demand curves, reducing employment of low-wage workers.

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Definitions:

Social Security Number

A Social Security Number (SSN) is a nine-digit number issued to U.S. citizens, permanent residents, and temporary working residents for tracking earnings and benefits.

Form 944

A tax form used by small employers to report annual federal tax liabilities to the Internal Revenue Service (IRS).

Form 941

A quarterly tax form filed by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks.

Independent Contractors

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