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Minimum Wage Legislation
Beginning of Essay
I am going to pose the question to you the students of Sir Sandford Fleming
College, do you really want the left in affect? As
college students you are not benefiting or gaining anything from minimum wage
legislation. The requires all employees to be paid at
lea .... Middle of Essay .... handicapped in
the job market as long as the minimum wage legislation remains in affect. In
society today the demand for "unskilled" workers is low and the supply is high,
therefore there is a surplus of unskilled workers in the job market. The effect
of a surplus drives down an individuals reservation wage, as they are willing to
do and take anything for work. Minimum wage only makes this fact more severe, as
it increases the supply of workers.
Minimum wage increases the cost of doing business, and unfortunately in today's
economic conditions employers are not able to pass on the extra costs to the
consumer. Minimum wage is not helping workers, it i ....
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Words: 936 - Pages: 4
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