Answer to Question #176716 in Economics for DAVID

Question

minimum wage legislation is enacted to protect livelihoods and reduce risk of vulnerable employment.discuss this statement within the backdrop of the sdg

Answer 1

The purpose of minimum wages is to protect workers against unduly low pay. They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all who are employed and in need of such protection.

So, the statement is correct.