How Might a National Minimum wage Effect Those Who Have a Lo
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Words: 566
Pages: 2
(approximately 235 words/page)
Pages: 2
(approximately 235 words/page)
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How might a national minimum wage effect those who have a low wage?
a national minimum wage might effect those who have a low wage (i.e lower then the proposed minimum wage) by firstly having a decrease in employment. This decrease will be due to the workforce that were working below the minimum wage. If they were working below it and now the employee has to pay the workers even more for the same …
showed first 75 words of 566 total
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showed first 75 words of 566 total
showed last 75 words of 566 total
…wages shall go down as there is no incentive for the employees to spend more money on their workforce when they do not need to. On top of this, there is also the problem that these workers face. If they ask for a higher pay, they will be told no. this is because there are pleanty of people who will willingly take the job. In short, the supply goes up and the demand goes down.
…wages shall go down as there is no incentive for the employees to spend more money on their workforce when they do not need to. On top of this, there is also the problem that these workers face. If they ask for a higher pay, they will be told no. this is because there are pleanty of people who will willingly take the job. In short, the supply goes up and the demand goes down.
