Why even have minimum wages? Employers will only set this as the price ceiling to what they will pay employees for their minimalistic task. Normally, such policies derive from either economic structures or from institutions. Public policies like the minimum wage, are designed by people for people; who are motivated by what benefits them as well as the majority. The current minimum wage has proven to be a very flawed system that is due for some fine-tuning. In the book The Politics of the Minimum Wage by Jerold Waltman, Waltman declares that, “Even though the minimum wage is an economic regulatory policy, a politics of symbolism more than anything else define the political contest that periodically erupt over it.” (Waltman) Waltman argues that minimum wage will never be sufficient. Redistributive policies almost always involve transfers of resources with identifiable ...
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...awed system that will always have 3 sides; one side saying it is too low, one side saying it is too high, and one side saying we need to get ride of it. The bottom line is that the current wage America has in place is completely unacceptable. Teenagers are the majority workers in minimum wage jobs; but adults still make up a significant percentage of minimum wage workers. These adults need more than the $7.25 wage that they are paid. A higher wage will not guarantee that employment will go down, as evidence through Card and Krueger’s experiment. Something that raising the can guarantee is a close of the gap of economic inequality in America. Minimum wage workers are some of the most disadvantaged members of American society, it is time that minimum wage workers receive a wage that does not put them below the poverty line, but that allows them to live with dignity.
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