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Sagot :
Answer:
D. Employers might shift to more capital-intensive production because labor is relatively more expensive.
E. Fewer low-income workers will be employed
Explanation:
Minimum wage is the lowest amount by law that an employer can pay to its employees. This can be used as a tool to fight poverty.
However when there is a minimum wage set, the cost of labour will be higher for employers.
There will be a tendency for employers to move to a more capital intensive production in order to reduce the cost of wages.
Also since low income earners are the beneficiaries of minimum wage, employers will tend to hire less of them and more of the higher earning workers.
The job or low income earners can be mechanised.
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