Which of the following describes a secondary effect that will likely result from this action? The rise in the minimum wage will lead to a reduction in the unemployment rate of low-skill workers. The rise in the minimum wage may lead to an increase in the level of poverty in the country as fewer workers are hired by businesses that cannot afford the higher wages. The rise in the minimum wage will lead to an increase in the on-the-job training opportunities available to low-skill workers. The rise in the minimum wage will lead to a drastic fall in the poverty rate in the country.
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Step 1: When the minimum wage is increased, businesses may hire fewer low-skill workers because they cannot afford the higher wages. Show more…
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