Submitted by vab3000 on January 25, 2008

• Category: Business
• Words: 2828
• Pages: 12
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The Impact Of Minimum Wage

Introduction
Supporters of increasing the federal minimum wage contended it would offer significant changes to the lives of millions of working-class Americans. Opponents insisted the measure would cost the economy hundreds of thousands of jobs and provide only marginal help to a relatively small group of wage earners. The numbers suggest the answer lies somewhere in between. Increases in the minimum wage sometimes have been followed by dramatic spikes in the nation's unemployment rate, as was the case in the early 1980s, as well as lulls or even decreases in unemployment, as happened in the late 1990s. Contrary to its more recent stagnation, the minimum wage increased almost...

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