Minimum Wages

Minimum Wages It sounds simple raise the tokenish wage, reward profound work, and strike a blow against the societys inequalities. Its an emotional argument that blurs proscribed the truth and makes people forget one important economic lesson: Theres no such thing as a free lunch. The minimum wage has not been increased since the industrial welfare commission raised it to $4.25 an hr. The IWC and the legislature have not agreed since that time that any additional increase is justify because of Californias recession and the downward turn in the traffic climate. There was a measure out on this choke ballot called prop 210 which passed and increased the minimum wage from $4.25 an hr to $4.75 an hour and on March 1, 1997 it leave raise to $5.00 an hour and stem March 1, 1998 it will increase to $5.75. The minimum wage in California has increased nine times in the past 30 years rising from $1.30 per hour in the mid 1960s to $4.25 per hour as of July 1996. The increase has been less than the rate of inflation during this period. The spacious majority of the 22,000 members of the American Economic Association agree that increasing the minimum wage will increase unemployment among young, unskilled workers.

This 35% tramp steamer in the minimum wage paid by the business concern will be one of the biggest increases in California history. And, it will hit just when the state is recovering from a pertinacious recession. Approximately 2 zillion of Californias nearly 13 million workers earn less than $5.75 per hour. Most of these workers would be directly alter by this increase. Roughly one-forth of those earning less than the proposed $5.75 minimum wage are teenagers, while the rest three-fourths are adults age 20 and over. Industries employing significant numbers game of these workers include retail stores, child care facilities, restaurants, and fast victuals franchise. Much of the fiscal impacts of this measure would be related to its various cause on the economy, including changes in... If you want to get a full essay, align it on our website: Ordercustompaper.com

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