Question

Read the NYT article and select the arguments in favor of raising the minimum wage:

 Read the NYT article and select the arguments in favor of raising the minimum wage:

  •  Paying efficiency wages (i.e. higher wages) reduces turnover.

  •  minimum wage increases can be disruptive, driving a number of operations out of business even as they give rise to a largely offsetting increase in new businesses and jobs.

  •  the lower turnover rate due to efficiency wages provides higher-quality service with employees who are more experienced

  •  A number of researchers have found that modestly higher minimum wages can raise incomes for low-wage workers without reducing the number of jobs in an area.

  •  wage subsidies are far more efficient to help lift people out of poverty than to rely on the minimum wage, which frequently helps workers in families whose incomes are already above the poverty level.

  •  some economists find a range of job losses due to raises to minimum wages, although some of their recent estimates of losses in the restaurant business tend to be small.



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Answer #1

Option 3 and 4

All of the other options are against to minimum wages, whereas option 3 and 4 supports the minimum wages

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