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Minimum Wage Effect

764 Words4 Pages

Minimum wage is the amount of wage that an employee is entitled, and most of them are eligible for the minimum wage whether they are working full or part-time or they are being paid per hour or flat rate or salary. Although the minimum wage may attempt to set a minimal living standard, the outcomes that are not unintended may undermine its effectiveness. There is evidence all over that shows that the increase in the minimum wage is accompanied by job destruction. There are also evidence on the effects of the distribution, although they are limited, that do not ascertain a favorable outcome although some groups may be seen to benefit.
The minimum wage has for a long time been known to assist the poor and the families with low income. Its possible …show more content…

Since there is another available loss of jobs effects, the wage has been seen to bring about the case of winners and losers. The winners have been identified as the people who have the access to high wages that is accompanied with no decrease in employment. The people who lose, on the other hand, are found to be the ones bearing the weight of the effects of the disemployment as they lose their jobs and have their hours deducted as well as they find it more difficult to get a job. There are cases where the increment for the winners are big and are non-conforming from the families with low income that are bound to receive help from the policy makers. It might also be that the losses are saturated on the workers with higher income or the parties from whom the policy makers want to distribute the income a fresh. In such cases, the losses that are witnessed by the losers from the least wage increment may be determinable (Dube, Lester & Reich, …show more content…

The possible downside is as well believed to be that a minimum wage that is higher may discourage possible employers from adopting the services of the “low wage low skilled workers” who are to be assisted by the minimum wages. If the minimum wages are found to be reducing the employment of the workers with low skills, then they are not a “free lunch” as perceived and better wages will help the crime rate be at a

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