Thursday, March 11, 2010

Chap 11 review

I'm a little torn on weather i think that minimum wage is entirely a good idea. the pros, it garntees that people that work will at least make this much excluding many commisions based jobs. it is suppost to be set up so that someone working full time could live on that.

cons in most places the minimum wage gets out dated really fast and it takes a long time for it to be adjusted. I also think that it plays a part in inflation. the higher the minimum wage gose the more companies have to raise their prices to compensate for the money they have to pay their employees.

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