Minimum Wage: An Ethical Study

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study by the Congressional Budget Office found that a [raise] to $10.10 might lift 900,000 out of poverty but cost roughly 500,000 jobs” severely hurting the unemployed workforce. The theory behind it is that employers will hire less when the minimum wage is higher and even “[adjust] other components of employee compensation, such as health insurance or other benefits”(Henderson). So is it really a benefit to the poor? Ethically as well many people believe the poor are in that position by self infliction. Everyone has the opportunity to climb the ladder and bring economic success to themselves through hard work and determination is the idea shared by many of the more elite. So their question is why help? Not only economically but morally will

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