Question
In: Economics
Which of the following statements is correct?
Which of the following statements is correct?
| A. |
If an employer's compa-ratio is 120, the employer is paying 20% less than the market. |
|
| B. |
If the minimum wage is raised to $15, greater automation of jobs could occur. |
|
| C. |
People who are paid "below the regression line" after a point factor analysis are being paid more than those "at the regression line." |
|
| D. |
Employees who are not exempt under the FLSA overtime law include executive, administrative, and professional employees. |
|
| E. |
If a worker accepts workers' compensation, he still has the option to sue his company for negligence. |
Solutions
Expert Solution
If the minimum wage is raised to $ 15 greater automation of jobs could occur.
( A minimum wage of $ 15 will increase the labour cost of companies. Companies will have to raise their prices. Demand will get affected. They will try to chop labour costs by laying off workers. Automation will appear to be cost effective for them. Studies have revealed that 10% increase minimum wage results in 0.31 percentage point decrease in the share of low skilled workers' automable jobs.)
Rahul Sunny answered 2 years agoRelated Solutions
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