The Pros And Cons Of Minim Wage
The argument rather or not the minim wage should be raised rather or not if it will effect furtue jobs and if employers can afford to pay when you look at the economic status of people tha work in the fast food industry and hoe it will affect them
Is the minimum wage a good thing? It depends on who you ask. For example, famed economist Milton Friedman was opposed to a minimum wage stating that, “…people whose skills are not sufficient to justify that kind of a wage will be unemployed.” He further conveyed that it was no coincidence that the unemployment rate for teens at the time was twice that of adults. Of course this was taken from an interview conducted several decades ago. More recently, Nobel Prize winning economist Paul Krugman debunked
Is the minimum wage a good thing? It depends on who you ask. For example, famed economist Milton Friedman was opposed to a minimum wage stating that, “…people whose skills are not sufficient to justify that kind of a wage will be unemployed.” He further conveyed that it was no coincidence that the unemployment rate for teens at the time was twice that of adults. Of course this was taken from an interview conducted several decades ago. More recently, Nobel Prize winning economist Paul Krugman debunked