What are your thoughts about the minimum wage laws? What are the good points and bad points? How do minimum wage laws affect the economy and unemployment as a whole?   Provide some examples of your own to support your position.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Supply: Applications And Extensions
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Please answer the following in at least 200 words.

What are your thoughts about the minimum wage laws? What are the good points and bad points? How do minimum wage laws affect the economy and unemployment as a whole?   Provide some examples of your own to support your position.

 

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