Social Science · Economics - Minimum Wage
What is often cited as a potential adverse effect of an excessively high Minimum Wage Law?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It has been revised too many times
- 2Employers may lay off high-wage earners or reduce hiring to save costs✓
- 3Unskilled workers also get high wages
- 4It increases the economic burden on the government
Correct answer
Employers may lay off high-wage earners or reduce hiring to save costs
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