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Unformatted text preview: The article explains that the last time minimum wage legislation approved an increase 146,000 restaurant worker lost their jobs. This is a scary statistic. With all the talk that I have heard about the economy and unemployment rates being so bad, I think I that even if I were making minimum wage, I would rather keep my job, them have them raise the minimum $1 and then I lose my job. $5.15 or $6.55 is better than $0 in my opinion. Sources: http://en.wikipedia.org/wiki/States_minimum_wage http://www.csmonitor.com/2006/0622/p01s03-usec.html http://www.dol.gov/dol/topic/wages/minimumwage.htm...
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This note was uploaded on 03/26/2012 for the course ECON GM545 taught by Professor Gotches during the Summer '11 term at Keller Graduate School of Management.
- Summer '11