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Topic: Business
Number of pages / Number of words: 6 / 1470
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There are many studies that indicate the benefits are just as numerous as the damage done. According to James Kaz, the majority of those who are paid minimum wage are not poor but rather one of at least one other income providers in a household. "Most people working for minimum wage are teenagers?and those used to simply go work for almost nothing for some company or individual in the field they wanted their career"...


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"Most people working for minimum wage are teenagers?and those used to simply go work for almost nothing for some company or individual in the field they wanted their career". (Kaz02.html)

It appears that the poor are done much more damage than good through minimum wage increases. Neumark et al. (1999) provide the following background in that regard:

The lower employment occurs mainly because the increase in the cost of low-skilled labor, relative to the cost of using other productive inputs (such as machinery or more skilled workers), leads employers away from using low-skilled labor and toward these other inputs...


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