Another aspect of the increase in wages directly affected the unemployment rates due to cause and effect of the sheer fact that the cost of labor has now increased reducing the demand of the hirable workforce; this makes a competitive businesses hire less people if the revenue does not meet the desired amount based on the labor costs. ... In conclusion the attempt to reduce poverty by increasing minimum wage has been implemented and produced no results in the reduction of poverty therefore we should move on to other methods in annihilating this concerning predicament....

• Word Count: 1355
• Approx Pages: 5
• Grade Level: Graduate