Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 
  • An Explanation of the Positive and Negative Effects of the National Minimum Wage for Employees, Businesses and the Economy

     

    Essays3 Economics

Great deal: today with a discount!

Regular price:
1 445 Ft
You save:
186 Ft
Discounted price*:
1 259 Ft
Purchase
Add to Wish List
ID number:531826
Evaluation:
Published: 01.12.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Conclusion
As I have shown through this piece of work there are many points to consider in deciding whether having a minimum wage is advantageous. There are so many positives and negatives.
Other countries have had minimum wages for a long time. Some, such as the United States, have low unemployment and others, in continental Europe have high unemployment. It's hard to draw general rules, except that if a minimum wage is set too high, it will displace workers and make employers less competitive; but if it is set at a moderate level it need not be too disruptive to an economy, and can be beneficial.
I feel that the positive aspects of the national minimum wage are more important than the negative aspects. For example its said that job losses will result due to excess supply of workers however that is not always the case as I have shown. It's also important to realise that a business can deal with increased wage bills by taking a cut in profit margins. It is better for this to happen rather than see exploitation of low paid workers plus in the long run the business may benefit from process innovations that will mean that they will regain their high profit margins.

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −1 441 Ft
Work pack Nr. 1259696
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „An Explanation of the Positive and Negative Effects of the National Minimum Wage for Employees, Businesses and the Economy”.

Link to paper:
https://eng.ekonyvtar.eu/w/531826

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register