Lets Talk Minimum Wage
By William Onyedebelu, Specialize in marketing and sale of real estate
(CENTURY 21 WESTERN REALTY)
Although the minimum wage recently adjusted by congress in 1997 was designed as a policy to raise the income for low skilled workers in the United States, however there are some significant questions about the effectiveness of the policy. For example, American citizens are wondering if the policy favors certain individuals in the economy, and will an increase in the minimum wage hurt some individuals as well? The minimum wage by definition is the lowest rate at which an employer can legally pay an employee; usually expressed as a pay per hour and would be considered illegal for employers to pay any one below the legal limit. According to the study of the United States economy, supporters of the minimum wage and the call to increase it claim that it would increase living standards, an...
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