Question

1. what is the primary argument against minimum wage laws? *

they reduce company profits
they increase unemployment
they decrease worker motivation
they are too difficult to enforce

Explanation:

The primary argument against minimum wage laws is based on economic theory. When the minimum wage is set above the equilibrium wage (the wage at which the quantity of labor demanded equals the quantity of labor supplied), it can lead to a situation where the quantity of labor supplied (more people willing to work at the higher wage) exceeds the quantity of labor demanded (firms are less willing or able to hire as many workers at the higher cost). This imbalance is a key concept in labor market economics related to minimum wage policies.

Answer:

They increase unemployment.