Minimum Wage Case Study

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What is the secondary effect of raising the minimum wage to $15? The definition of a “secondary effect” is the impact of an event or policy that may not be easily and immediately observable . Is it a great idea to raise minimum wage? The popular thought is that increased wages will increase spending therefore boosting the economy. But will that really happen? Or will increased wages create increased expenses for business, which would then drive up prices and thus make the ‘new wage’ too low? Through personal experience I can confirm that an increased minimum wage would have had a negative impact on my business. My wife and I owned three Papa Murphy’s Take and Bake Pizza stores. We employed approximately 60 employees in all three locations.

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