The Minimum Wage Should Be Eliminated Essays -- Minimum Wage, A Bad Po

The minimum wage is something that F.D.R. put in coiffe a long time ago during the Great Depression. I dont deem it worked then. It didnt solve any problems then and it hasnt solved any problems in 50 years.-- John RaeseIn the United States, the federal government maintains a case minimum wage to protect the purchasing power of ordinary workers. It seems proficient that the government protects your purchasing power by adjusting the minimum wage with wonder to the inflation rate. Its economic side effects are so straightforward that make this policy a bad one because it creates more unemployment, makes employers bed fringe benefits and is inefficient.The first argument is that minimum wage creates more unemployment. From the flow of view of basic supply and demand, workers and employers adjust the quantity of labor supplied harmonise to wages until the quantity of labor demanded equals to the quantity of labor supplied, reaching an sense of equilibrium wage. However, the pol icy ignores the market equipment casualty by setting a price floor higher than the equilibrium wage. A minimum wage is a...