economics of minimum wage legislation. I really enjoyed this article because it talked about how we are always looking at what we should do to help the job market and the suppliers as well. This article talks about two things that can happen when there is a minimum wage that is enforced. The first is that there are people that work in a job that may be under qualified and if the employer is forced to pay him above what he is worth then he would lose his job. The other outcome is that if the minimum wage
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Hello Julia‚ I agree with you. minimum wage should not be raised because there will be high price production‚ and inflation‚ which will hurt consumer especially the low-income family. Raising the minimum wage commonly may be seen as a way to give a low-income worker a raise‚ but it resulted in a surplus since the minimum wage is a price floor. Surplus happens when the quantity of supply is greater than the quantity of demand. In this case‚ more people are willing to work than employers are willing
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Most people would agree that raising the minimum wage sounds like a good idea‚ but arguments arise concerning if this increase would benefit the economy. Jared Bernstein believes that a minimum wage increase would positively affect the American economy. He argues that the economy is driven by consumer spending and lowincome workers are very likely to spend their extra earned money. On the contrary‚ Douglas HoltzEakin strives to make the point that raising the minimum wage would not be beneficial to the economy
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has being an issue that many Americans address as it affect us in our living situations such as education‚ work‚ and taxes; regarding the budget and their way of living. The minimum wage in the United States is $7.25 an hour‚ depending on the state‚ this relates on how each state differ with their income. However‚ the minimum wage doesn’t influence a big number of Americans; According to Sherk’s article
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Minimum Wage Persuasive Essay Lately‚ minimum wage has been a huge debate in the news nationwide. There is a popular argument being made by people chanting and creating signs that say‚ “FIGHTFOR15.” This means that individuals are fighting for the federal minimum wage to be increased from $7.25 per hour to $15.00 per hour. These people do not believe that $7.25 is enough to live on and provide for one’s family. I feel that if the federal minimum wage were to be increased‚ it would cause many disastrous
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current minimum wage is eight dollars and thirty-eight cents an hour in the state of New Jersey. Many minimum wage workers go on strike because they want the wage to be raised to fifteen dollars an hour. The wage should not be raised to the insane fifteen an hour. It should not be raised because unemployment rates will skyrocket‚ prices at stores where minimum wage workers work will go up‚ and because their jobs do not deserve fifteen dollars an hour. So why raise the wage? Is a minimum wage job worth
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law 1) Work conditions for example saftey 2) Wages (National minimum wage) 3) Holiday entitlements b) List three main features of current employment legislation 1) Equality and Discrimination law 2) Employment Rights 3) Health and safety Aiii - Briefly outline why employment law exists Employment law is there in order to protect employees. To give everyone who works the oppurtunity to protect their rights. For example ensuring that employees are protected from discrimination in the workplace
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advocating the increasing on minimum wage‚are fully supported. Politicians like Bernie Sanders and Hillary Clinton have the right idea when it comes to minimum wage. They want to impose laws so that states and federal government are required to increase the minimum wage whenever the cost of living rises (Johnston 1). There has to be an uprise by women‚ young workers and other low income individuals by having a peaceful protest to the government that the current minimum wage is not acceptable. Creating
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The minimum wage today is less than what it was over thirty years ago. The minimum wage as of today is around seven dollars and fifty cents every hour worked. If you add up how much that would make a year‚ it would equal around 14‚000 to 15‚000 dollars a year for full time workers. For some family’s‚ seven dollars and fifty cents is the only income they receive. The amount made from minimum wage lies on a thin sheet of ice and just right below is poverty. Increasing the minimum wage would beneficent
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Why Raising Minimum Wage To 15$ An Hour Is Bad For The Economy The minimum wage is the lowest wage permitted by law or by special agreement‚ but as of late many minimum wage workers have been complaining about their low wage of 7.25 an hour. Many people also believe that the low minimum wage is the reason why a lot of people are in poverty and why there are so many poor people. Common sense would have you believe that if you raise minimum wage you raise the standard of living and you bring people
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