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POLICY PAPER 1 To: From: Date:October 23, 2005 Subject:Minimum Wage In response to your question: Would an increase in the nominal pursue be good for the US economy? The purpose of this reputation is to determine if an increase in the tokenish affiance be good for the US economy. There ar two sides to the deliberate about minimum wage that both hold valid points. The minimum wage is a major issue in the world of economics and politics. Political figures often prey on the publics general ignorance of economics and promise to increase the minimum wage. Economists ,on the other hand, view the long term effects and try the damage it can cause. An increase now will march on income for the poorest workers without the danger of creating more than unemployment., states the New York Times in kinfolk 1999. However, is this statement about an increase in minimum wage really true? The conclusion is, positive effects of the minimum wage can be the obvious; more coin for people. They would have more money to spend , the economy would flesh out and everyone would be happy. Not so; in fact, this would only come on inflation and increase prices. Money become lesser in value and producers would have no choice but to exalt prices in order to slang profit.

Another negative facial expression of raising the minimum wage is unemployment rising. Supply of workers would exceed the request for workers. Employers would only be able to hire a lesser number of workers. It may also influence teenagers to leave rail for a high paying job and make it more difficult for teenagers looking for work to find jobs. Low skilled workers would be left without jobs, seeing as how it only make sense to hire the higher skilled worker verses the note skilled worker. The minimum wage debate is a frail issue among many economists and political figures. While there are some positives aspects, the negative far out away the positives. The paper presents three examples of the negative responses to an... If you want to get a all-inclusive essay, order it on our website: Orderessay

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