Explore BrainMass
Share

Explore BrainMass

    Minimum Wage in a global competitive world

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    In a global competitive world, do you think minimum wage is a good thing?

    © BrainMass Inc. brainmass.com October 10, 2019, 2:13 am ad1c9bdddf
    https://brainmass.com/law/business-law/minimum-wage-in-a-global-competitive-world-367799

    Solution Preview

    Hello. I provide the following to assist you.

    In a global competitive world, I think that minimum wage is a good thing. The minimum wage ensures that each worker is paid a minimum per hour for the work that they are doing. Without minimum wage pay, workers may be paid much less, thereby reducing a country's competitiveness in the world market in terms of productivity when then leads to the economic standpoint versus other countries. The minimum wage ensures that workers are happier with an established minimum pay versus being paid even more minimal sums compared to ...

    Solution Summary

    This solution provides suggestions on whether or not minimum wage is good in a global competitive world.

    $2.19