Microeconomics

Paper Summary:

This paper illustrates the negative impact that the federally mandated minimum wage has on the economy as well as the individual low income worker. Additionally, it examines the body of anticompetitive legislation. The paper argues that this anticompetitive legislation actually results in monopolistic structures and anticompetitive behavior by privileging some parties over others.

Outline:
Abstract
The Federal Minimum Wage
Antitrust Laws

From the Paper:

"The fact of the matter is that Microsoft owns the operating system as well as the web browser and is simply fulfilling a consumer desire to achieve fully integrated functionality. Additionally, since its product in the form of the browser is free Microsoft cannot be said to actually be generating revenue from this strategy either. However, the indictment against anticompetitive legislation rests in its tendency to quell innovation in the open market because companies are unable to fully capitalize on their products and services because of the artificial constraints placed upon them by government regulations."

Sample of Sources Used:

• Brown, S. A. (2006). Antitrust Violations. American Criminal Law Review, 43(2), 217+.
• Fairris, D., & Pedace, R. (2004). The Impact of Minimum Wages on Job Training: An Empirical Exploration with Establishment Data. Southern Economic Journal, 70(3), 566+.
• Haugen, S. E. (2003). Characteristics of Minimum Wage Workers in 2002. Monthly Labor Review, 126(9), 37+.
• Huff, W. A. (2001). Regulating the Future: Broadcasting Technology and Governmental Control. Westport, CT: Greenwood Press.
• Smith, S. (2003). Labour Economics. London: Routledge.

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