# of Words: 361
After two weeks of detailing the arguments for and against increasing the federal minimum wage - interviewing economists and policy specialists, poring over a flood of mails by workers and business owners, reading scads of papers pro and con - I've reached an important conclusion: This matter is really complex. I realize that doesn't sound significant, but in the context of our current national debate over the minimum wage, it is really very fundamental. That's the reason Democrats, by President......Read More
War is generally considered the origin for the achievement of national goals. Clerics go to the extent of attaining glory. War is a historical menace. However, it is contrary to the dignity of person to think that it can't be discouraged or abolished. Tolstoy's opinion is convincing that war under all circumstances is untrue. History has shown that war has slowed the problems and it is inseparable from irreparable loss. From the First World War, there were 37 million casualties. In the Second......Read More
It is easy to be confused about what impacts minimum wages have on jobs for workers. A "Binding" minimum wage that is set higher than the competitive equilibrium wage reduces job for two reasons. Recent research on employment effects. The earliest studies of the employment effects of minimum wages used only national variation at the U.S. Minimum wage. An elasticity of 0.1 for teens, for example, implies that a 10 percent increase in the wage floor reduces adolescent labour by 1 percent. Newer......Read More
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