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Minimum Wage Legislation
Part 1 of Paper
....want the left in affect? As
college students you are not benefiting or gaining anything from minimum wage
legislation. The requires all employees to be paid at
least some fixed given dollar amount per hour. This sounds good, but it isn't
all that it seems!
Minimum wage is an example of government intervention. The g.... Part 2 of Paper
.... drives down an individuals reservation wage, as they are willing to
do and take anything for work. Minimum wage only makes this fact more severe, as
it increases the supply of workers.
Minimum wage increases the cost of doing business, and unfortunately in today's
economic conditions employers are not able to pass on the extra costs to the
consumer. Minimum wage is not helping workers, it is hurting businesses, and to
maintain any profit, and follow legislation companies have to cut labour cos.... |
| Number of words: 936 - Approximate pages: 4 |
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