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Question
multiple choice question
to induce people who are not currently in the labor force to seek employment, employers must pay
the federal minimum wage
higher wages but lower total compensation
higher wages
lower wages
In the labor market, when employers want to attract people not currently in the labor force to seek employment, they need to offer an incentive. The federal minimum wage is a legal requirement but may not be enough to entice those outside the labor force. Offering higher wages is a common economic incentive. Lower total compensation (even with higher wages) might not be attractive as employees consider overall benefits. Lower wages would definitely not attract new entrants.
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higher wages