The lack of people purchasing the item may cause the company to lose money and have no alternative other than to lay off workers. People out of work means that less consuming will take place, meaning that other businesses will hurt due to the lack of sales, perhaps causing those other businesses to move up their own profit margin, in turn creating the same cycle at a faster rate...
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People would be seeking government assistance while the government itself is so far in debt and tied up in credit. The government assistance would add to the already huge problem of the federal government spending more than it has. The result of all the hand outs would cause an enormous dent on the federal deficit...
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Minimum WAge Poor people don't vote much, but they do provide political benefits to other Americans, because they provide a convenient scrape goat for our institutional failures...	2 / 494
Minimum Wage Minimum wage levels become the floor and wages can not fall below the floor price. In the first two Minimum wage graphs a study that was done in New Jersey to show the effects of a minimum wage increase in employment...	2 / 518
Change in Federal Minimum Wage As the average minimum wage income family earns about $10,712, and the average annual insurance premium is about $10,880, there is obviously a problem...	2 / 493
antitrust laws Craig Garthwaite, research director at the Employment Policies Institute states,"it is perhaps no coincidence that the 3 states with the highest minimum wages in the nation- Oregon, Washington, and Alaska-are among the 5 states with the highest unemployment rates in the nation...	2 / 399