The most denounced of all issues is that of poverty and inequality. One of the government’s solutions to this problem is having a minimum wage. It is observed that the minimum wage cannot reach its goal of eradicating poverty and ironically it worsens the condition in a variety of ways; this is the point of contention of the current paper. The minimum wage is a […]

Minimum wage is defined as the lowest amount that employers can legally pay their workers per hour of labor. Most states have laws in place to enforce the minimum wage; those that do not are subject to the federal minimum wage of $7. 25. There are both benefits and drawbacks of this type of policy. Many supporters of a minimum wage believe it increases the […]

Many economic theories have been proposed to discuss the impact of minimum wages on labor market. The proceedings of the labor market is based on the exchange of resources between the employee and employer, the employee receive wages in return for their labor services to the employer. Labor market is considered to be most competitive market, where the established market price is much closer to […]

Arguments for and against the National Minimum Wage (NMW) in the UK: stop employees being taken advantage of by being paid unfair wages by their employers. set a standard of the minimum worth of a worker. This benchmark was set so that employers would be unable to hire any staff for less than the suggested hourly rate. reduce pay differentials between genders. What is the […]

Minimum wage in Malaysia: need for it and its’ possible effectiveness 1. 0. Introduction Background Information There has been growing debates concerning the minimum wage in Malaysia, with strong opinions from both sides of the arguments. In 1979 edition of their introductory textbook, William B. Aumol and Alan Blinder explained, “The primary consequence of the minimum wage law is not an increase in the incomes […]

Introduction In my opinion, minimum wage should be raised.  It is time for the United States to stand up for the original purpose of the Fair Labor Standards Act.  The low wage is hurting the economy as a whole because it is squeezing the lower income level so tightly that they have to make choices between paying rent or buying food.  The three main reasons […]

This article was originally published on February 21, 2014. is Entrepreneur’s Q&A interview column that puts the spotlight on franchisees. This week, we’re celebrating individuals who worked their way up in the industry from hourly workers to franchise owners. If you’re a franchisee with advice and tips to share, email . Dulce Luevano has been working hard for a very long time to become the franchisee she is […]

The Case Against a Higher Minimum Wage raising the minimum wage hurts the poor. It takes away jobs, keeps people on welfare, and encourages high-school students to drop out. Policy makers should be clear on the consequence of higher minimum wages. Jobs and the Minimum Wage Economists have studied the job-destroying features of a higher minimum wage. It is important to recognize that the jobs […]

Lack of common necessities is called poverty. Food, cloths and shelter are the basic needs of a human being. These things determine the quality of life of a person. Nowadays poverty has become a very big social problem for many nations. Social problem means a matter which creates an effect on all or some people of the society, directly or indirectly. Mostly all the members […]