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In conclusion, raising the federal minimum wage could be very helpful in several different ways. There may be things that aren’t really helped by this, but there are so many things that can be helped immensely. Some main things that raising the federal minimum wage can do is help citizens, the government, and even social minorities.
This essay will give an overview of the advantages and disadvantages of the minimum wage. There are many different opinions about whether a national minimum wage is a good or a bad thing for our economy and people individually and by looking into various different resources and researching thoroughly, a conclusion will be drawn to hopefully provide a fair and unbiased review.
While most minimum wage workers are not teenagers, many teens who are working are affected by an increase in the minimum wage, so economists often focus on them when studying job effects. The conclusion was the same: “Put simply, our findings indicate that minimum wage increases—in the range that have been implemented in the United States—do not reduce employment among teens.”.
Living on Minimum Wage. Posted in. You will assume the role of the primary wage-earner for a minimum-wage family. . As a conclusion to your project, please visit the MIT Living Wage Calculator and search for the living wage in your assigned area.
As a conclusion, the abovementioned disadvantages are strong arguments against the minimum wage establishment in the US. Other measures of social protection and struggling with income inequality should be considered. Works Cited Congressional Budget Office. The Effects of a Minimum-Wage Increase on Employment and Family Income.
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Secondly, if minimum wage was raised it would make job opportunities less available for worker. If you have people working at McDonalds for minimum wage and people who went to college and now have a decent job making the same amount of money then the decent job doesn’t have as much value.