Here is the synopsis of our sample research paper on Arguing about the Minimum Wage
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Essay / Research Paper Abstract
This 4 page paper discusses three issues with regard to the Minimum Wage: probable consequences of raising it; the differential aspects of the Minimum Wage and whether or not it’s effective in fighting poverty. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: D0_HVpcmnwg.rtf
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Unformatted sample text from the term paper:
and others arguing against it, or even coming out in favor of abolishing it entirely. This paper answers three specific questions about the minimum wage. Discussion Before any discussion can
proceed, it must be noted that there is no agreement among economists about the minimum wage, so any discussion will be qualified by that fact. Generally speaking, it seems as
if the argument devolves into two camps: those who look at the problem in terms of human suffering want to see the minimum wage increased; those who view it only
in terms of economic impact want it decreased or abolished entirely. There does not appear to be any way to find middle ground. The first question is to discuss the
probable consequences of the minimum wage law. Professor MacKenzie says that many economists who argue in favor of raising the minimum wage have "obvious ideological [leftist] leanings" (MacKenzie, 2006). However,
a glance through his column reveals that MacKenzie is not unbiased; rather he is leaning to the right: a conservative who espouses the traditional conservative view that all things must
be left to the "balance" provided by the unregulated free market. Its intriguing that he appears to be unaware of his own ideological prejudice. At any rate, MacKenzie argues that
raising the minimum wage will hurt the very people its supposed to help, because employers will not pay a wage any higher than "the value of an additional hours work"
(MacKenzie, 2006). Therefore, increasing the minimum wage will force employers to "dismiss low productivity workers (MacKenzie, 2006). The increase in the minimum wage will therefore result in higher unemployment rates
among teenagers and the less-educated (MacKenzie, 2006). MacKenzies argument is refuted by Jeff Chapman and Michael Ettlinger, who note that opponents of raising the minimum wage have argued in the
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