Minimum Wage Increase

Paper Summary:

The writer proposes that there are very few business ethic topics that can spark a debate as heated as the minimum wage topic. The writer argues that politicians often use the minimum wage debate as a forum, promising to fight for an annual minimum wage increase based on the cost of living, if they are elected to office. The paper discusses how, while the idea of an annual minimum wage increase, based on the cost of living is good in theory, in practice such a move would have a seriously negative impact on the business world and society in general.

Outline:
Introduction
What Would It Really Mean?
Conclusion
References

From the Paper:

"In addition to the difficulties that small businesses and their workers will encounter, increasing the minimum wage annually may entice teenagers to drop out of high school to go to work. This will provide short term solutions to their long term need for funding to support themselves and eventually families. Once they have dropped out of high school they will find that they are locked into a minimum wage job that not only pays very little compared to other career choices, but also lacks personal fulfillment that many people desire on their job."

Sample of Sources Used:

• Cuniff, Meghann, M. (2006) Minimum wage increase rejected: Democrats forced committee hearing. Spokesman-Review.
• Couch, Kenneth A. (2001) The Response of Hours of Work to Increases in the Minimum Wage. Southern Economic Journal.
• Revill, John. (2006) Employers angry as minimum wage increases. Birmingham Post.

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• Argumentative Essay # 98013 : "The Minimum Wage Law"

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