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Beginning of Paper
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Minimum Wages
It sounds simple raise the minimum wage, reward hard work, and strike a
blow against the society's inequalities. It's an emotional argument that blurs
out the truth and make's people forget one important economic lesson: There's no
such thing as a free lunch. The minimum wage has not been increased since the
industrial wel ....
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Middle of Paper
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.... of those earning less than the proposed $5.75 minimum wage are
teenagers, while the remaining three-fourths are adults age 20 and over.
Industries employing significant numbers of these workers include retail stores,
child care facilities, restaurants, and fast food franchise. Much of the fiscal
impacts of this measure would be related to its various effects on the economy,
including changes in employment, prices and profits. For example, most employees
earning less than the proposed minimum wage would earn more. They would also
spend more on goods and se ....
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