Minimum wage. Impact of a Mandatory $15 Minimum Wage on Employment (Essay Sample)
Research the topic, locate an article which offers factual sound economic arguments on the topic, and use this as your basis to develop an essay about ;
How would a mandatory minimum wage of $15 impact employment in a local economy as well as Nationwide? Use at least 2 quality resources and proper citation.
3-4 pages - your opinion is important, yet must be rooted in economic theory
The amounts of payment made to the employees of a given organization play a significant role in both the local and national economies of residence. Government institutions and labor regulatory authorities or unions around the world strive to ensure that workers have fair rewards for their input for each hour spent in the production process. Failure to regulate such rewards or payments would be catastrophic to both the local and national economies of countries due to the unequal distribution of national income. Minimum wage works to maintain a balance between individuals with the ability to run production activities and their required labor force for effective productivity. It ensures that employees meet their daily human needs and wants by enhancing the purchasing powers in the market economies.
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