Charlie Cox
Micro Economics
Minimum Wage Paper
September 28, 2014
Nothing will ever be perfect when evaluating the minimum wage. Whether it stays
the same or is altered, somebody will reap the benefits and somebody will be
disadvantaged. That said, when examining the minimum wage, an option where the
fewest people are undermined should be used. That option is keeping the minimum wage
as is. By not increasing minimum wage, both workers and firms benefit through stable
employment and steady prices.
With an increase of minimum wage, firms would be less willing to hire workers,
increasing unemployment and spoiling entry-level jobs for young workers. This belief
