Which of the following government policies is least likely to increase the standard of living in the United States? Investment in technology Investment in education and skills training for workers Investment in tools and capital for workers Raising the minimum wage paid to workers

Question

Leandro Chase

Business

23 January, 20:27

Which of the following government policies is least likely to increase the standard of living in the United States? Investment in technology Investment in education and skills training for workers Investment in tools and capital for workers Raising the minimum wage paid to workers

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Stephanie Cardenas · Answer 1

Raising the minimum wage paid to workers

Explanation:

Standard of living, is based on two concepts

the resources you hold to exchange the resources society holds in exchange of your resources.

When the wages of workers are increased then, the resources with labors increases,

but that will not increase the resources as offered by the society, and as the main action for increasing the standard of living, the resources in the form of technology, training, etc: shall be increased.