Asked by Jacqueline Segura on Jul 08, 2024
Verified
Minimum-wage laws are precise policy instruments that can specifically target workers whose family incomes are low.
Minimum-Wage Laws
Legislation that sets the lowest hourly rate that can be paid to workers, aiming to protect workers from unduly low pay.
Policy Instruments
Tools used by governments or regulatory bodies to achieve desired outcomes in the economy or specific sectors.
- Evaluate the precision and effectiveness of minimum-wage laws in targeting low-income workers.
Verified Answer
PJ
Peter JohnsonJul 12, 2024
Final Answer :
False
Explanation :
Minimum-wage laws are blunt instruments that do not specifically target workers from low-income families, as they apply to all workers covered by the legislation, regardless of their family income.
Learning Objectives
- Evaluate the precision and effectiveness of minimum-wage laws in targeting low-income workers.