Question

Begin by locating a scholarly article regarding the effects of increases on minimum wages and discuss its findings. Does a minimum wage increase lead to reductions in employment, or is the overall effect on employment net positive? Do you agree or disagree with the results of the study? What do you think are other vital considerations that should be taken into account in the study? Discuss how conscious capitalism would approach a minimum wage increase. Provide examples to support your rationale.

Answer 1

Yes, increase in minimum wage may leads to unemployment because if minimum wage increase then business has to invest more capital in his business and then there will be less profit or sometimes it may suffer from losses and then business also has to pay wage to the workers and if not able to pay then they will leave the company.

Disagree with it because it will definately result in lack of employment and somewhere also reduces the skills of workers.

Other vital that should be taken in consideration should be that government should raise minimum wage rate to a minimum limit so that it do not affect the employment rate and also helps the workers.

Conscious capital means operate business ethically by serving the interest of all stakeholders.

It can helps in generating more employment because it focus more on ethical business works and social work so it provide employment to people with there minimum wage rate.

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