Minimum Wage

Abstract: The first legislation to include minimum wage was the Fair Labor Standards Act - enacted in 1938. Many within the economics profession view the stabilizing of the minimum wage as a sound principle of economic analysis and policy, believing that wage increases are detrimental to the economy. Others argue that the social factors and benefits of alleviating poverty take precedence over economic considerations. This 20 page paper examines the factors contributing to the opposing views concerning the instigation of a mandated minimum wage. Bibliography lists 7 sources.

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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