Tuesday, July 17, 2012

Raise the minimum wage VI


Has the minimum wage law achieved its objective of raising the income of low wage workers? To answer this it depends on many overlapping issues especially rising prices. By definition when the increase of goods or prices goes up by 15% percent while the wages have no raise or maybe a smaller percentage increase in the wage then it is obvious that the blue collar are not protected by the minimum wage law. 
Second this increase in income is not equally shared, while the white collar get bonuses the blue collar’s total income received would decrease.

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