Guest view: An argument against minimum wage
Note to Readers: Hinsdale Central High School students wrote two editorials as part of their general economics course during their study of microeconomics this school year. They were learning about the positive and negative effects of government involvement in labor markets. Find the argument for minimum wage here.
Poverty is a pressing issue afflicting our society. Many Americans today believe that one way to address it is by increasing the minimum wage. Some believe that a lot of people in our country today work hard but still cannot afford some life essentials, such as food, healthcare, child care, etc. Therefore, liberal America wants to impose a law that would demand all workers receive a “living wage” that provides workers money to support themselves and their family.
Poverty needs to be addressed, but not by mandating a “living wage.” Idealistically, the minimum wage appears to be a good idea; practically, it has not worked.
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