Minimum Wages
Beginning of paper
It sounds simple raise the minimum wage, reward hard work, and strike a
blow against the society's inequalities. It's an emotional argument that blurs
out the truth and make's people forget one important economic lesson: There's no
such thing as a free lunch. The minimum wage has not been increased ....
Middle of paper
.... than the rate of
inflation during this period.
The vast majority of the 22,000 members of the American Economic
Association agree that increasing the minimum wage will increase unemployment
among young, unskilled workers. This 35% hike in the minimum wage paid by the
business will be one of the biggest increases in California history. And, it
will hit just when the state is recovering from a long recession. Approximately
2 million of California's nearly 13 million workers earn less than $5.75 ....
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Word count: 835
Page count: 4 (approximately 250 words per page)
