Question

In: Economics

One advantage and one disadvantage of minimum wage with respect to poverty and inequality, and give...

One advantage and one disadvantage of minimum wage with respect to poverty and inequality, and give one example of each one?

Solutions

Expert Solution

ONE ADVANTAGE AND DISADVANTAGE OF MINIMUM WAGE WITH RESPECT TO POVERTY AND INEQUALITY IN THE REAL WORLD CAN BE DISCUSSED.

ONE ADVANTAGE OF MINIMUM WAGE IS THAT IT CAN ENSURE A MINIUM LIVELIHOOD FOR THOSE WHO ARE NOT MAKING IT. FOR EXAMPLE , CAPCHA TYPING JOBS OFFER AROUND $1 FOR TYPING 1000 CAPCHAS.

ONE DISADVANTAGE OF MINIMUM WAGE IS THAT, IT IS NOT SUFFICIENT TO MAINTAIN THE FAMILY EXPENSE. FOR EXAMPLE, CAPCHA TYPING JOBS ARE PROVIDING $1 FOR 1000 CAPCHAS . AN UNSKILLED POOR PERSON WILL MAKE ONLY LESS THAN $10 IN A MONTH, WHICH IS NOT SUFFICIENT TO MAINTAIN THE FAMILY.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

One problem with the use of minimum wage as an anti poverty measure is that minimum...
One problem with the use of minimum wage as an anti poverty measure is that minimum wage increases are A) tend to result in lower wages of workers receiving higher pay B) this directly increases the wages of most us workers and the cost of such widespread increase is prohibitive to firms C) are often received my workers in households that are well above the poverty line D) generally lower prices of goods produced by low wage workers
Give one advantage and one disadvantage of using a plasma excitation source (as oppaosed to a...
Give one advantage and one disadvantage of using a plasma excitation source (as oppaosed to a flame) for emission spectroscopy.
This is a study on minimum wage and poverty thresholds.  I have included the procedure for one...
This is a study on minimum wage and poverty thresholds.  I have included the procedure for one year, 2009, below.  You will calculate all variables for all years 1968 – 2013.  You will have three graphs.  Check the attached excel data sheet to see what info. you already have.  You will need to calculate a few variables for each year.  Use the excel data sheet to do quick and easy cut and paste formulas.  If you need help, or are hyperventilating now, just drop me a line...
give one advantage and one disadvantage of using 9.0 of alumina in your column instead of...
give one advantage and one disadvantage of using 9.0 of alumina in your column instead of 4.5 g as you did during the column chromatography experiment in lab.
What are three general approaches to obtaining an expert system? Give one advantage and one disadvantage...
What are three general approaches to obtaining an expert system? Give one advantage and one disadvantage for each approach.
1.Give an advantage and a disadvantage of a parallel combination. Give an example. 2.Give a few...
1.Give an advantage and a disadvantage of a parallel combination. Give an example. 2.Give a few essential features of an ordinary cell. 3.How should two identical batteries be connected in order to obtain the maximum EMF from the combination, should it be in series or parallel? Why? ? 4.How does the resistance of a conductor affected by its length and diameter?
Give both an advantage and disadvantage of both private and public visibility as used in the...
Give both an advantage and disadvantage of both private and public visibility as used in the design of an object (list four items)
What are one advantage and one disadvantage of allowing the modification of loop variables in the...
What are one advantage and one disadvantage of allowing the modification of loop variables in the loop body?
Do you think that minimum wage laws affect overall poverty? Explain.
Do you think that minimum wage laws affect overall poverty? Explain.
Name one advantage of associating user threads with kernel thread? Suggest an advantage and disadvantage of...
Name one advantage of associating user threads with kernel thread? Suggest an advantage and disadvantage of using mailboxes over shared memory for inter-process communication.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT