Question

The purpose of having a minimum wage is to _____. A. Educate workers about what they could be making b. Guarantee that workers are paid fairly and not exploited c. Undermine businesses that can’t afford to pay minimum wages d. Generate more tax revenue by increasing overall pay Please select the best answer from the choices provided A B C D.

Answer 1

The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited.

Step-by-step explanation:

The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited. Minimum wage laws exist to ensure that employees receive a minimum level of compensation for their work, irrespective of the profitability of the business or industry. It helps prevent the exploitation of vulnerable workers by setting a wage floor and ensuring that workers are paid adequately for their labor.

Answer 2

The purpose of having a minimum wage is to b. guarantee that workers are paid fairly and not exploited.

Step-by-step explanation:

The minimum wage is the legally mandated lowest hourly pay rate that employers are required to pay their employees. It aims to establish a baseline standard for compensation, ensuring workers receive a fair wage for their labor. Governments often set and periodically adjust minimum wage rates to address economic conditions and maintain social equity.

The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited. Minimum wage laws ensure that workers receive a minimum level of compensation for their labor, preventing employers from taking advantage of their employees by paying unreasonably low wages. This helps to protect workers and ensure economic fairness.