Economic Policy and the Minimum Wage

Economic Policy
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Economic Policy
The minimum wage in the United States is one of the policy issues that has stirred divisive discussions among different players, including legislators, employers, and employees. Neumark and Shirley (2022) indicate that many studies have explored this aspect from different perspectives, including its effect on employment, alignment with inflation rates, and variations across the various states. The attention directed toward minimum wage demonstrates that this policy significantly affects the larger United States population (Long, 2022). As a result, it has continued to spark conflicting debates throughout the years.
A recent news article by Puckett (2022) ignites a debate about the importance of changing the minimum wage by the federal government. The writer discloses that the existing $7.25 per hour has been surpassed by events, leaving it inadequate based on the current inflations and other economic adjustments. The context presented by Puckett in this article is compelling because it juxtaposes the minimum wage against inflation and exposes its inadequacy.
Evaluating this article using the policy framework studies in this course highlights the author’s capacity to incorporate different economic concepts in his work effectively. For instance, Pucket (2022) dissects the minimum wage issue and unearths its shortcomings. It als...