MINIMUM WAGE SYSTEM

Minimum Wage System

Minimum Wage System

Introduction

The effects of a minimum wage on the employees and the finances at large have been broadly disputed. A preponderance of clues appears to propose that lifting the minimum wage is at best a two-edged sword: Although it should be finished occasionally to contemplate the rate of inflation, the sick effect on the finances are wide-reaching even in the best of circumstances. (Waltman 2000, 90)

Discussion

Aid to Low Income Households

Raising the minimum wage has the promise to substantially assist low-earning households.

Combats Inflation

Minimum-wage rises are one of the only modes to significantly battle prices due ...