Minimum Wage

By: Mason Leath


Full-time minimum wage workers are barely making more than $15,000 a year.

Congress passed legislation to increase the minimum wage in the past 30 years 3 times.

The percentage of Americans who support gradually raising the minimum wage from $7.25 an hour to at least $10.00 an hour is 71.

How it affects.

A fixed minimum wage benefits employers, because they can hire low-cost employees, which keeps their production costs low and maximizes profits. It also benefits inexperienced employees who have little to no education, because they know when they enter the workforce that minimum wage is the absolute lowest amount they can expect to earn per hour.


This is related to scarcity for me because minimum wage makes it so people are not able to buy as much as they might have originally been able to buy.
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