The minimum wage needs to be set for the next thousand years, the understanding of economics is essential in formulating minimum wages, you need to understand the effects wages have on the economy as a whole, whilst the ec...read more
by Rex Trulove
For many people who have worked for minimum wage, an increase in the wage, whether mandated by the state or the federal government, feels much like a raise an employer might give. But is it really a raise, and doesn't it a...read more
A raise in minimum wage can result in both inflation and unemployment, both of which have rather negative effects on an economy. The concept of a minimum wage is the lowest wage which companies are legally allowed to pay t...read more
An older gentleman used to live down the street from where I grew up. This man was part of The Greatest Generation, and loved telling stories about the good old days, while his wife of 50+ years served cookies to us kids. ...read more
Minimum wage should not be raised. Imposing an artificial minimum wage and then increasing it periodicaly has the following detrimental side effects. 1. everyone that starts at minimum wage that has been given a raise ...read more
by L. Candy
When refer to minimum wage, as a economic student, First,I will think about the relationship between minimum wage and unemployment. Does increasing the minimum wages cause unemployment? Most economists believed the answ...read more
What a great idea! Let's raise the minimum wage! What a benefit this will be for poverty stricken Americans! Or will it? Let's use some logical analysis to understand what would occur following a federal minimum wage incre...read more
by Chris Witter
The minimum wage issue has recently been debated in the Senate and after some debating and amendments; the minimum wage will increase to $5.85 per hour, effective July 24th 2007, $6.55 per hour, effective July 24th 2008 an...read more
Should we raise the minimum wage? Heck no. It only benefits a very few people and ends up hurting a whole lot more. Here's why: I live in Oregon, as I have my whole life. Minimum wage has increased to $7.80 per hour ...read more
Can somebody please help me understand why I should support an increase in minimum pay for every worker making less. Excuse me for being brash, but they worked as hard at getting their $6/hr. job as I did to bring home $1...read more
by Ozzy Neav
Over the past few months I have heard rumblings from our society about the need to increase minimum wage. States and countries everywhere are seriously considering an increase in minimum wage in order to appease the genera...read more
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