Question
There is a lot of discussion among politicians about raising the minimum wage from $7.25 an hour to $10 an hour or even $15 an
There is a lot of discussion among politicians about raising the minimum wage from $7.25 an hour to $10 an hour or even $15 an hour. Considering all angles and consequences, is this a good idea? Some things to consider:
• The minimum wage workers, themselves
• The workers now making more than the minimum wage, for example, those with skills & experience
• The business owners
• The economy, for example, would increasing min wage create jobs or eliminate jobs and the impact on prices and inflation?
• Entrepreneurs considering the launch of a new business or expansion of an existing business
• The impact in cities/states that have already taken this action
Use at least one citation to back up your position.
Reply to at least 2 of your peers’ posts.
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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 ...Get Instant Access to Expert-Tailored Solutions
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Get StartedRecommended Textbook for
Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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