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Pros And Cons Of Minimum Wage

158 Words1 Pages
Once upon a time a debate started between economists about a theory called minimum wage. It is the year 2016 and the controversy of ‘who is for it’ and ‘who is against it’ is still undergoing, (Derrell, 2016) verified. According to (Anon., 1828), minimum wage can be defined as “an amount of money that is the least amount of money per hour that workers must be paid according to the law”. The purpose of this theory is to help workers earn enough income even though not all of them are as trained as they should be. There are pros and cons to this theory but at the end it all comes down to how you few the evidence. This concept has an impact on several key components of the economy, such as employment, wages, earnings and poverty. The Minimum wage
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