Hello, I need help with my Economic question. Write 200-300 Words only.
Please answer the following question:
Is the minimum wage an effective policy or not in terms of a “living wage?” Does the minimum wage raise the standard of living for all or just some unskilled workers?
A Minimum wage is the lowest wage unskilled labor may be paid by an employer. Higher wages are allowed. Lower wages than the minimum are not.
Feel free to ‘google’ and reseach one or two articles on the minimum wage