Question

Question 90.25 pts How will employers respond to an increase in the minimum wage? Group of answer choices They complain about paying the higher wages, but do not change the number of workers they employ. They expand the training opportunities offered to low-skill workers. They reduce their labor force and/or hire more experienced, skilled workers. The profits of the employers are transferred to the employees.

Answer 1

Answer: They reduce their labor force and/or hire more experienced, skilled workers.

Step-by-step explanation:

Minimum wage is the lowest amount that employers can pay their workers legally in a country. When there's an increase in the minimum wage, in order to meet the rising cost that'll be incurred in the payment of wages and salaries, the employers will reduce their employees and terminate the contract of those with low skills or employ those that have more experience.

This is typically done in order to meet the rising cost that'll be incurred due to the minimum wage.