The Minimum Wage Should Be Eliminated Essays -- Minimum Wage, A Bad Po

The stripped-down wage is something that F.D.R. put in place a long meter ago during the Great Depression. I dont think it worked and then. It didnt solve any problems then and it hasnt solved any problems in 50 years.-- John RaeseIn the fall in States, the federal government maintains a national minimum wage to protect the purchasing agency of ordinary workers. It seems good that the government protects your purchasing power by adjusting the minimum wage with respect to the inflation rate. Its economic place effects are so obvious that make this policy a bad one because it creates more unemployment, makes employers cut fringe benefits and is inefficient.The first rail line is that minimum wage creates more unemployment. From the point of view of basic run and demand, workers and employers adjust the quantity of childbed supplied according to wages until the quantity of labor demanded equals to the quantity of labor supplied, reaching an symmetry wage. However, the policy ignores the market expense by setting a price floor higher than the equilibrium wage. A minimum wage is a...