Minimum Wage & Economics: An Essay

Nonfiction, Social & Cultural Studies, Political Science, Business & Finance
Cover of the book Minimum Wage & Economics: An Essay by Edward E. Rochon, Edward E. Rochon
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Author: Edward E. Rochon ISBN: 9781311489173
Publisher: Edward E. Rochon Publication: December 27, 2013
Imprint: Smashwords Edition Language: English
Author: Edward E. Rochon
ISBN: 9781311489173
Publisher: Edward E. Rochon
Publication: December 27, 2013
Imprint: Smashwords Edition
Language: English

Some comments on economics and its effects upon society precede a suggestion for dealing with the topic of minimum wage. I suggest that the state guarantee minimum wage without imposing it upon businesses. This most likely would guarantee full employment. Full employment should cover the cost of the subsidy. Moreover, unemployment creates social problems that cost society both directly and indirectly. The state sets the base wage and business offers whatever it wishes for low income positions. High income jobs require no subsidy and the high income earner will deal with the employer directly.

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Some comments on economics and its effects upon society precede a suggestion for dealing with the topic of minimum wage. I suggest that the state guarantee minimum wage without imposing it upon businesses. This most likely would guarantee full employment. Full employment should cover the cost of the subsidy. Moreover, unemployment creates social problems that cost society both directly and indirectly. The state sets the base wage and business offers whatever it wishes for low income positions. High income jobs require no subsidy and the high income earner will deal with the employer directly.

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