Free essay: this essay will give an overview of the advantages and disadvantages of the minimum wage there are many different opinions about whether a. In general definition, minimum wage is the minimum amount of compensation that laborers must receive under the law and is regarded as the lowest wage employers.
In the united states, the minimum wage is a government-imposed pay floor that forces employers to pay employees a certain amount for an hour of work the us department of labor states that.
The advantages of a minimum wage is that from an employers perspective it tells workers of the level of training and productivity that is needed. Introduction minimum wage is defined as the lowest wage that is allowed by state and federal labor laws this wage applies mainly to the.
Explaining disadvantages of minimum wages - potential unemployment, inflation, uncompetitive firms quote by milton friedman diagrams and also evaluation of whether minimum wages are also.
A limitation of the minimum wage is that it doesn't increase the incomes of minimum wage | disadvantages and benefits print advantages of minimum wages. Other advantages include reduced fuel and labor requirements advantages and disadvantages minimum fuel and labor costs. The pros of a minimum wage increase 1 advantages and disadvantages of school uniforms advantages and disadvantages of qualitative research.