Essays on Minimum Wage
Is increasing the minimum wage a risk-free alternative for helping out low-income earners? To answer this question which has always been a contentious issue around the world, particularly in well-developed countries, we have studied some countries’ policies and got inspired by the United States of America. Within this context, beyond the misperception that such a...
In response to the 2019/20 Annual Wage Review on the minimum wage regulations, the minimum wage should neither be increased nor decreased. A rise in minimum wage can do more harm than good, as it can negatively impact small and family-run businesses, as well as negatively affect the economy as a whole as it may...
A national minimum wage (NMW) is adopted by a large majority of countries forcing employers to start paying employees no less than a standardized base remuneration. On average, the national minimum wage increases annually, with the United States of America being an exception (Grugulis, 2019). This legislation poses an ongoing debate. The government, economists, politicians,...
