Effects of Minimum Wage

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The purpose of this paper is to explore and minimum wage and whether it serves its purpose of fighting poverty. After extensive research on the origin and purpose of minimum wage laws in the US via reading different studies and

The purpose of this paper is to explore and minimum wage and whether it serves its purpose of fighting poverty. After extensive research on the origin and purpose of minimum wage laws in the US via reading different studies and weighing its positive and negative effects, I have found that minimum wage is not the most effective tool to fight poverty. There exist programs that would be more beneficial in fighting poverty such as earned-income tax credit (EITC) or training programs.
Date Created
2020-05
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