Minimum Wage Essay
The purpose of minimum wage is to ensure that workers can provide basic amenities to themselves and their families. Workers cannot live above the poverty line when minimum wage is not proportionate with the cost of living. It is beneficial to society and individuals for minimum wage to match living costs.
Opponents of minimum wage contend that it is not the best way to combat poverty. They note that a high minimum wage causes unemployment, encourages teenagers to drop out of school and prevent unskilled workers from getting the on the job training they need. Also minimum wage points out that the …show more content…
Results show higher minimum wages are related to decreased in unemployment spell length for most males; especially those who are older, higher skilled and have graduated from high school. The larger guessed number effect on lower-skilled females in agreeing with/matching up with/working regularly with (more than two, but not a lot of) thin pieces/strings of minimum wage books. If employers needed/demanded to pay higher wages to younger and less-skilled workers, they may perform the necessary examining and testing so a decision can be made to buy/own/receive older, more experienced job candidates at the expense of compared to other things not having money or education labor market people (who were part of a study, etc.). In this case it appears those older males and those who have completed high school benefits from this, but not their female