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Minimum Wage and Poverty Levels

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Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level?

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https://brainmass.com/economics/microeconomics/minimum-wage-poverty-levels-608187

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The response addresses the query posted in 464 words with APA references
//This section illustrates the impact of the implementation of a minimum wage law in the US. Such a step will greatly affect the profitability levels of the businesses and the employment level in the economy.//
The United States (US) economy can be divided into a number of separate sections depending on the wage or income levels. The three broad categories can be namely the high-income group, middle-income group and the low-income group. People from the high-income group and the middle-income group are able to afford themselves a comfortable living and a reasonable standard of well-being. However, the government has to take some relief measures, time and again, in order to allocate the national wealth in an equitable manner so that even ...

Solution Summary

The expert determines if the United States should pass a minimum wage that assures all workers earn a wage above the poverty levels. The response addresses the query posted in 464 words with APA references.

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