Answer :
Final answer:
The opposition to increasing the minimum wage is rooted in concerns about potential job losses and increased unemployment.
Explanation:
Opposition to increasing the minimum wage can be explained by the viewpoint that higher minimum wages might lead to increased unemployment. In competitive labor markets, it is argued that a rise in the minimum wage can reduce employment levels. While some economists suggest that a higher minimum wage could benefit unskilled workers, others highlight potential negative impacts on job opportunities.
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