This paper discusses the economic consequences of Minimum Wage legislation: Pros and cons, examples, history, statistics, theory, wage subsidy and impact on workers.
Written in 1994; 2,025 words; 7 sources; $ 71.95
From the Paper:
"The minimum-wage debate has become a continual topic in the 55 years since Franklin D. Roosevelt signed the law that put a floor under wages Business, backed by most economists, believe that raising the minimum wage destroys jobs by forcing employers to scale back hiring. Proponents of minimum-wage legislation point to people who have toiled in minimum-wage jobs, receiving the same hourly wage for the past 19 years despite inflation, and how difficult it is for these people make ends meet.
As the Clinton Administration prepares a new campaign to raise the minimum wage, the debate seems to be shifting to a point in the middle. While the Administration admits that a higher minimum wage could hurt employment growth temporarily, it ... "
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