Minimum Wage in Countries

Decent Essays
Minimum wage is the lowest wage permitted by law or a special agreement that can be applied for an employee. Governments set minimum wage on business for reduced poverty and increases in the standard of living. In 2009 from six dollar and fifty five cents to seven dollars and twenty five cents, minimum wage has increased and has been beneficial up to the minimum wage. In 2014 it will be a dollar up so it is going to be tough. The issue is whether to raise the minimum wage or not. For this reason I think it would be beneficial to the economy if the minimum wage is stay to seven dollars and twenty five because it will decrease the unemployment rate, increase product price and help youth and unskilled workers.
During the Great Depression was devastating time for America with families having no income? Increasing the minimum wage makes employers want to hire less minimum wage earners. Hiring people becomes more high-priced so you change to something else. Minimum wage causes unemployment a lifelong depressing effect on the earning of many of those forced into unemployment. It harm in particular the least skilled most disadvantaged members of society Instead of hiring two people to plow the snow with push snow plowers, the employer buys a riding snow plower and employs one person, who, with the faster and better riding snow plower, can mow more plows at a quicker rate, then removing the need for a second worker. In January 1, 2012, California’s minimum wage was set as eight
Get Access