Examines major liberal economic arguments favoring raising of the minimum wage.
Written in 1996; 1,350 words; 10 sources; $ 47.95
From the Paper:
"As Barry Clark indicates in Chapter Nine of Political Economy: A Comparative Approach, the profession of economics, whether classical, liberal, radical, conservative, or modern liberal has long been concerned with the issue of poverty and income inequality. Modern liberal economists have seen the deterioration in the after-inflation value of the minimum wage as having made a substantial contribution to the steep increase in inequality which has taken place in the United States since 1980 (Spriggs & Schmitt, 1996).
The analysis which follows will discuss the minimum wage. First, by briefly summarizing some of the arguments of the..."
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