officalmarr825 officalmarr825

29-05-2024
Social Studies

Answered

Part E
What are some of the benefits of establishing a minimum wage?

Answer :

GinnyAnswer GinnyAnswer

29-05-2024

Final answer:

Minimum wage legislation ensures a basic living wage for workers and redistributes income, but its impact on employment is debated.

Explanation:

Minimum wage legislation has the benefit of ensuring that individuals working certain jobs earn a basic living wage, providing a safety net for the working poor. It also acts as a tool for income redistribution, aiming to allocate more of society's resources to those in need. However, there are debates among economists regarding the overall impact, as it may lead to reduced employment among low-wage workers.

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