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10 April, 05:45

Which statement is not true about the minimum wage?

Question 5 options:

Not everyone supports it.

It was created by a federal law.

Owners are not required to pay it to foreign workers.

It is the lowest legal wage that can be paid to most workers.

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Answers (2)
  1. 10 April, 08:55
    0
    The correct answer is the Owners are not required to pay it to foreign workers.

    Explanation:

    The employers or owners must pay it's workers irrespective of it's nationality.

    A minimum wage is the lowest salary that employers can pay legally to their workers. It is the price floor below which workers may give out their labor.

    Towards the end of the 20th century, most countries had introduced minimum wage legislation.

    Demand and supply models proposed that there may be employment losses and welfare from minimum wages. however, if the labor market is in a bad state (with only one employer present for hiring), the efficiency of the market can be increased by minimum wage.
  2. 10 April, 09:13
    0
    Owners are not required to pay it to foreign workers.

    Explanation:

    Owners must pay it to any worker regardless of its nationality.
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