Share
Explore BrainMass

Minimum Wage in a global competitive world

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

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