POLICY PAPER 1
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From:
Date: October 23, 2005
Subject: Minimum Wage
In response to your question:
Would an increase in the minimum wage be good for the US economy?
The purpose of this paper is to determine if an increase in the minimum wage be good for the US economy. There are two sides to the debate about minimum wage that both hold valid points. The minimum wage is a major issue in the world of economics and politics. Political figures often prey on the public's general ignorance of economics and promise to increase the minimum wage. Economists ,on the other hand, view the long term effects and see the damage it can cause. "An increase now will boost income for the poorest workers without the danger of creating more unemployment.", states the New York Times in September 1999. However, is this statement about an increase in minimum wage really true?
The conclusion is, positive effects of the minimum wage can be the obvious; more money for people. They......
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Approximate Word Count: 781
Approximate Pages: 4 (260 words per double-spaced page) |