What do you think of the minimum wage

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Question: Increasing the minimum wage is often advocated as a solution for improving the lives of low wages workers. Part of this is because the federal minimum wage is not indexed to inflation, and workers lose purchasing power as time passes. The business community counters that minimum wages reduce employment or shift work to part-time positions, particularly for smaller businesses. What do you think of the minimum wage? Discuss how different levels of government enact minimum wages laws (federal government, state governments, or cities)? Does it matter who enacts the law? Why?

Reference no: EM133412657

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