Question

Factors that influence standard of living

Which of the following government policies is least likely to increase the standard of living in the United States?

Investment in education and skills training for workers
Raising the minimum wage paid to workers
Investment in technology
Investment in tools and capital for workers

Answer 1

Option b (Raising the minimum wage paid to workers ) is the right approach.

Step-by-step explanation:

• Living standards start rising whenever the percentage of gross domestic product GDP rises.
• In just about any part of the world, rising poverty wages conclusions in a short-term increasing trend throughout workers' earnings, but long-term real GDP or economic performance are not significantly impacted.

Those certain available options weren’t related to the type of situation in question. So the response above is the right one.