This is a short summary of the paper
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Minimum Wages
Start of Term Paper
It sounds simple raise the minimum wage, reward hard work, and strike a
blow against the society's inequalities. It's an emotional argument that blurs
out the truth and make's people forget one important economic lesson: There's no
such thing a .... Middle of Term Paper
... thirty years rising from $1.30 per hour in the mid 1960's to
$4.25 per hour as of July 1996. The increase has been less than the rate of
inflation during this period.
The vast majority of the 22,000 members of the American Economic
Association agree that increasing the minimum wage will increase unemployment
among young, unskilled workers. This 35% hike in the minimum wage paid by the
business will be one of the biggest increases in California history. And, it
will hit just when the state is recovering from a long recession. Approximately
2 million of California's nearly 13 million workers earn less than $5.75 per
hour. Most of these worke ... |
| Number of Words: 835 |
Approximate Pages: 4 |
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