Monday, August 19, 2013

Worker Productivity, Corporate Profits, Minimum Wage

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Listening a minute to FOX News today I heard one of their regular show hosts and a guest saying there have been many studies showing that when minimum wage is increased companies don't have money for more hiring and sometimes have to lay off workers ... (and then the key point) ... when productivity doesn't increase.

What happens when worker productivity goes up and corporate profits increase?

Should the minimum wage also be increased?

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