Hello,
Today I was thinking about the topics to blog about and it occurred that I haven't talked about minimum wage. It is a very important economic factor that deals with micro and macro world.
Minimum wage is lowest pay that an employer may pay their workers. The first minimum wage law was introduced in New Zealand in 1894. However, in the US the first minimum wage was introduced in June 25, 1938. (25 cents an hour)
There are many concepts about minimum wage, some people think it helps workers and others that minimum wage does not let them earn higher wages. This both can be true according to the economy they are in. Minimum wage does help teenagers while entering the market, they have skill and experience however it also helps a person who has worked few years in the same field.
There are so many papers written on minimum wage and articles are published worldwide. Recent increase in the Seattle's minimum wage is a good situation to look forward to.
(Picture from know.org)
The topic of minimum wage has a lot to offer but I hope this gives a little idea about it.
Today I was thinking about the topics to blog about and it occurred that I haven't talked about minimum wage. It is a very important economic factor that deals with micro and macro world.
Minimum wage is lowest pay that an employer may pay their workers. The first minimum wage law was introduced in New Zealand in 1894. However, in the US the first minimum wage was introduced in June 25, 1938. (25 cents an hour)
There are many concepts about minimum wage, some people think it helps workers and others that minimum wage does not let them earn higher wages. This both can be true according to the economy they are in. Minimum wage does help teenagers while entering the market, they have skill and experience however it also helps a person who has worked few years in the same field.
There are so many papers written on minimum wage and articles are published worldwide. Recent increase in the Seattle's minimum wage is a good situation to look forward to.
The topic of minimum wage has a lot to offer but I hope this gives a little idea about it.
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