Thursday, April 20, 2006

Minimum Wage Continued...

One more quick thought I wanted to add. I just came across an interesting quote from an article that says "90 percent of economists agreed that 'a minimum wage increases unemployment among young and unskilled workers.'" So thinking about this excerpt, answer the next questions and then explain how the increase in the minimum wage is a beneficial thing. It should be painfully obvious as to what conclusion I am getting at here I just thought it was an interesting dilemma.

Who would the increasing of the minimum wage be aimed at helping?
And, who would be negatively affected by the increase of the minimum wage?

The link:
http://www.econlib.org/library/Enc/bios/CEEPreface.html

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