1. Federal Minimum Wage Proposal
President Obama has proposed to increase the Federal Minimum Wage to $10.10 as well as increase the Earned Income Tax Credit among other items associated with this. ... It is necessary that "businesses need to have money available to pay for labor, materials, power, and other inputs" (McConnell, Brue, Flynn, 315). ... Those who retain their jobs will make more money; however, those who will lose their jobs and those who will be unsuccessful in acquiring new jobs will suffer from this increase. ... Increasing minimum wage would in fact lead to increases in pay but no loss in jobs acco...
- Word Count: 1353
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate