Minimum Wage Increase
Each week, you must answer questions provided by the Professor on articles from The Wall Street Journal or The New York Times. You are expected to participate in these discussions each week.
Wall St Journal, March 29, 2016 page A3, “Major Test of $15 Base Pay.”
Questions:
- Who may be hurt by an increase to $15 in the minimum wage?
If jobs are lost and companies go bankrupt, should society somehow make up the difference by providing grants or welfare?
Solution Preview
The 15% minimum wage increase in California will have both a positive and negative Impact. If the bill will be adopted it will be the first in all the states. The change in the past has been relatively modest. This increase is likely to affect the economy of the state and the country…………………………….
APA
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