O less than an activity should be reduced 5 pts D Question 5

O less than; an activity should be reduced 5 pts D Question 55 Do you agree or disagree with the implementation of the minimum wage control, and who is negatively impacted? law? What factors contribute to your conclusion? Who is positively impacted by this type of price HTML Edborg Paragraph

Solution

Minimum wage law refers to the state legislation where the state makes it mandatory for the employers to pay a certain minimum hourly wage to its employees. Failure to do so could invite penalties from the state.
One of the negative things about minimum law.
The employer is often negatively impacted by such a law especially his willingness to pay is less than the minimum wage. The unhired employer may also be negatively impacted if he/she wants to work at a wage lower than the minimum wage in the market.
The hired worker who\'s willing to work at a wage lower than minimum wage is benefitted from minimum wage law.