Minimum Wage: Article Analysis

Decent Essays
Jenema, I really enjoyed the angle that you took with GDP, concentrating on its relationship with wages. This topic is probably one of the most heavily debated topics by politicians, economists, and everyday citizens. The article focused, specifically on GDP and its association to shifts in minimum wage. One of the key topics in the article was the theory that an increase in minimum wage may result in a slight increase in GDP. The article elaborates on the theory by stating that workers generally spend more when wages increase. This increased spending results in an increase in demand; and the increased demand results in an increase in productivity. The article challenges this theory by citing a study by Bureau of Economic Analysis which concluded

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