A case against the minimum wage
Date Submitted: 12/13/2004 02:12:47
Category: / Law & Government / Government & Politics
Length: 7 pages (1982 words)
Category: / Law & Government / Government & Politics
Length: 7 pages (1982 words)
It sounds like very good news for the low-income workers and their families whenever the government increases the minimum wages. On the surface minimum wage laws seem like the best prescription to treat poverty and improve living standards of the working poor. Promoters of minimum wage laws are taking positions that such laws alleviate poverty and improve the conditions of life of the working poor. However, upon closer analytical examination, it can be seen that …
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…items relatively low. If businesses can not expand and can not afford to fire people then the businesses will raise their prices. The raised prices will hurt people working for minimum wage. Therefore when minimum wages are raised all the price of goods are going up so the consumer maybe making more money but is also paying more money for goods. Simply, the minimum wage floor is not a way to help the poor Americans.
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