Konczal, M.: It's Only Fair?

Konczal, M. (2014). It 's only fair. In this article by Konczal, the author provided the practical application of an increase in the minimum wage, by indicating that federal policy makers are seeking common grounds on how to increase the minimum wage to a certain amount. However, state and local policy, makers a seeking higher wages than the federal wage increase. Additionally, since the 1990s an increase in the minimum wage does not show much adversity towards the unemployment levels as some policy makers indicates. While the increase in wages for the workforce will affect the CPI by increases, still the prices for products depends on supply and demand. Furthermore, some individuals are willing to pay extra for products that need, only if their wages are increased. The bottom line is, people are more inclined to do more if they …show more content…
Although the economy differs by location across the U.S., the pay scale of the workforce will also differ. However, comparing the income level by location and economy size, the pay should differ only slightly. Of course, with federal minimum wage rate, it is generalize for all states. The location of employment should make a difference for the workforce income, especially in areas where the cost of living is at a high rate. Furthermore, this is one of the main reasons why state and local policymakers should take control of the minimum wage. By doing so, there will be an offset between wages; however, this will be due to the cost of living for each area. While the federal policy makers would like to have one standard minimum wage ceiling for the entire country, the comparison in income between states will always be imbalanced. Despite that every state have a representative to help with these types of decisions at the federal level, the minimum wage is a concern that should be dealt with at the state level and local