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Should the minimum wage be kept, abolished, raised or lowered?

 


RebelYell1861

Anyone who knows anything about economics knows it should be abolished or at least lowered; in a way it's the same premise that work unions do more harm than good to the overall economy. Raising the minimum wage only causes firms to want to hire less people, thus those with the lowest skills (the ones that are supposed to be benefitting from minimum wage) are the very ones who are now out of work because firms are only willing to pay the higher wage to those with more skills and experience. Raising the mimimum wage deprives many from being able to start at the bottom and work their way up occupationally.
  (4 voted this helpful, 1 funny and 0 agree)



• Review posted on 01/04/2004
• This review has been viewed 20 time(s)

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