Should the minimum wage be increased? What are the benefits of such a policy

October 28, 2019/in Graduate Papers /by admin

Should the minimum wage be increased? What are the benefits of such a policy? What are the unintended consequences? Please defend your answer using economic concepts and be sure to compare costs and benefits.

There are benefits to minimum wage. Single people who work 40 hours a week while making minimum way are considered above the poverty line in the United States. This means those unskilled workers can afford the necessities while gathering experience or training. The minimum wage has little to no effect on the quantity of unemployment and does not determine the market outcome.

Though minimum wage has its benefits there are also unintended consequences. Increasing minimum wage reduces the number of unskilled workers hired. This leaves more of the population unemployed. The improvement in some people’s incomes comes at cost for others, like those who lose their jobs so employers can afford to pay the higher wages of others.

Like all things there are consequences and benefits for every decision. Is one person’s pay increase worth the loss salary for another? In my opinion as long is minimum wage is kept close to the equilibrium in the labor market it is nonbinding. If there is not an excess in supply of labor (or surplus) there is no issue with maintaining minimum wage. Increasing minimum wage in such a manner that it causes the quantity demand of labor to rise, resulting in a supply of labor surplus, would not be worth the increased risk

respond to this

Reasons for choosing us

It doesn’t matter why you are looking for online academic assistance, be it a lack of time, a difficult topic or any other unpredictable circumstances we are here to help. We understand the pressure that comes with school life and the tough situation that might need a helping hand. Graduateassignmenthelp.com is more than a professional assistant. We are a team of a well-structured and qualified team, where the team is divided into different small teams responsible for various functions for the good of the whole hence guaranteeing our customers with high quality and timely results.

Safety and confidentiality

Trying to choose the best online academic writing services among thousands of them is not easy. You must have compared so many of them that you have lost count. Let’s narrow it down for you. When looking for an online academic writing service, quality, confidentially and originality are key. Purchasing a plagiarized paper or a resold paper can course your academics great harm. Please note that low prices don’t necessarily imply acceptable quality. That is why at graduateassignmenthelp.com we guarantee our customers confidentiality and safety.

Quality and originality

Our team is composed of a group of experts of accredited universities who graduated in Master’s and Ph.D. degree besides being English native speakers. All our professionals have specialized in the different academic field giving us the ability to offer our writing services to students in every field of education. Our writers are always prepared for all types of orders given that they come in all sizes, subjects, and topics. We ensure that we have sufficient professionals in every field so that our customers can receive quality papers and on time. All our papers are scanned for plagiarism by our quality control team for originality.

Customized services

What a better way to meet specified requirements than providing unique customized papers? Most professors or schools set additional requirements to lessen the probabilities of unoriginality in any academic paper. This minimizes the chances of using online-based sources only and pursing readymade essays and papers online. Nevertheless, with customized services such as graduateassignmenthelp.com you do not have to worry about those things. We only produce individually tailored orders that are produced following the provided instruction and not just following the standards of writing. Our experts thoroughly read the requirements before embarking on the research stage of the paper. We guaranteed complete satisfaction as our papers are proofread and edited by quality control agents before uploading the paper on your account.

Free revision

This is a very important service for the production of customized services and every company offering academic writing services should be able to offer this without a hitch. Free alteration for completed work is part of making sure that our customers are fully satisfied with what we offer. We offer free amendments within 14 days of paper submission. Our customer support representatives are always happy to help. You can also get in touch with your writer for the amendment through our messaging system placed in your personal account with us.

We offer professional academic paper writing online services. Our firm believes that students deserve to have a helping hand for them to live a stress-free academic life. It is not very helpful when students receive unreliable writing services. It even makes the matters worse given that the student will worry more about receiving a bogus paper at a very high price. At graduateassignmenthelp.com, we want you to be happy and relaxed as possible. Thus, our services have no hidden charges i.e. what is quoted during order replacement is what you get. And as a result, we guarantee you the following:

Round the clock customer support

It is very important that our clients are able to contact us anytime they need us. Our support agents are very reliable and available throughout the day and night both on the telephone and through our live chats. You can ask out representatives any question about our services or follow up your paper progress with them anytime. Our experts in the customer care department will to clarify any doubts and give detailed information with a happy heart. They will also gladly offer you step by step process of placing an order especially for the new customers who do not know how our services work.

On-time delivery

Our company is proud to say that we meet deadlines at all costs whether the paper is needed in a few hours or in a month; we deliver our customers assignments on time. We understand that most students seek online academic writing services not because they do not have the writing skills required for the paper but because they feel that the allocated time is not enough for them to come up with quality content. It is a very huge disappointment for a student to buy academic services that are never delivered on time.