Econometric studies on the impact of minimum wages on employment have shown small employment effects. These...
Econometric studies on the impact of minimum wages on employment have shown small employment effects. These effects can be attributed to:
A. Reduction in fringe benefits.
B. Small increases in minimum wages.
C. increases in work demands.
D. All of the above.
Homework Answers
Minimum wages got to become as a burden to the employers which is why it led to the cost cuttings which include reduction of fringe benefits and smallers rise in wages. Apart from that since the wages are high compared to market level, the productivity is expected high or work demands would also get to increase
Therefore (D) is the answer to the question
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Econometric studies on the impact of minimum wages on employment
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