Asked by Christopher Severson on Jun 09, 2024
Verified
Some conservative economists want to help more teenagers to find jobs by
A) providing a government jobs program.
B) raising the minimum wage rate for teenagers.
C) lowering the minimum wage rate for teenagers.
D) requiring every business with more than 25 employees to hire at least one teenager for each three new employees hireD.
Minimum Wage Rate
The lowest legal wage that can be paid to most workers, set by law to protect workers from exploitation.
Teenagers
Young individuals typically aged between 13 and 19 years, often considered a distinct demographic group in sociological and economic studies.
- Attain an understanding of the relationship between minimum wage statutes and employment opportunities.
Verified Answer
DP
DACZE ProductionJun 13, 2024
Final Answer :
C
Explanation :
Lowering the minimum wage rate for teenagers would make it more affordable for businesses to hire them, potentially increasing the number of job opportunities for teenagers. This could encourage more companies to take a chance on hiring young and inexperienced workers. However, this approach is controversial, as some argue that it would unfairly disadvantage younger workers and reduce their earning potential.
Learning Objectives
- Attain an understanding of the relationship between minimum wage statutes and employment opportunities.