Question

What are the advantages and disadvantages of the minimum wage for workers?

Answer 1

@AlexandervonHumboldt2
@Electric_Blue
@Serenity74
@imqwerty
@inkyvoyd
@blondie$$$
@Ashleyisakitty
@SamsungFanBoy
@sammietaygreen
@briannaontimeforreal
@Mehek14

Answer 2

@Hayhayz

Answer 3

good question

Answer 4

@dan815

Answer 5

Oh so many where do I even start!?

Answer 6

somewhere to help me

Answer 7

Disadvantages of Minimum wages. A minimum wage is a legal minimum for workers. It means workers are guaranteed a certain hourly pay helping to reduce relative poverty

Answer 8

thats what i know

Answer 9

thnx brianna. need MOAR THO!!!

Answer 10

OK and u welcome

Answer 11

@Gir_16

Answer 12

@snowystorm777

Answer 13

@perl

Answer 14

@LegendaryNikki

Answer 15

@inkyvoyd

Answer 16

@uybuyvf

Answer 17

http://www.romeconomics.com/advantages-disadvantages-minimum-wage/

Answer 18

to tired doe

Answer 19

@nnesha

Answer 20

Does that link help you?

Answer 21

i read it already lol.

Answer 22

An advantage can be they get more money from the government i think..like...welfare and food stamps

Answer 23

thats totally diff than minimum wage...

Answer 24

@Whitemonsterbunny17

Answer 25

lmao..see...idk..my parents get 3000 a week..each-.-..ill just look some stuff up

Answer 26

Well, let's think about it a bit...
What are some disadvantages of minimum wage?

Answer 27

no help, anywhere!!!

Answer 28

:O reduces tax burdennnn

Answer 29

for advantage

Answer 30

Think about those people who can't afford much, yet have a minimum wage.

Answer 31

http://smallbusiness.chron.com/advantages-minimum-wage-2773.html

Answer 32

What type of predicaments can this cause for those people?

Answer 33

im so clueless from personally experience about this..D:...so..ill just ..google everything...>.<

Answer 34

@Whitemonsterbunny17 They won't have enough money to get by because they can legally be cheated out of their work.

Answer 35

@AlexandervonHumboldt2

Answer 36

http://www.ncpa.org/pub/ba550

Answer 37

i have trouble saying things in a school friendly way lol.

Answer 38

@alones

Answer 39

Right.
So, say you make $8.00/hr (minimum wage rate in most US. States).
You work an average of 40 hours a week. How much money does that give you per month?

Answer 40

Aproximately $1,280

Answer 41

Okay.
So, let's come up with some estimates for the average person's bills.
Car insurance: $150
Car payment: $150
Gas: $130
House payment/rent: $800
Utilities: $200
Groceries: $300
What does that leave the average person with?

Answer 42

I have 5 more minutes...

Answer 43

Alright, well the point is, people who work with minimum wage usually don't make enough to get by.
So, now it's time to find the advantages.

Answer 44

A debt of about $200.

Answer 45

thats what u have left over

Answer 46

Yes, and when one person goes in debt, the government goes even more into debt.

Answer 47

ok, advantages, quickly

Answer 48

Companies don't have to pay their employees as much if they are paying their employees at a minimum wage.
Think about how that benefits the businesses.

Answer 49

1 minute and 55 seconds left...

Answer 50

So, less expense for paying employees, same expense gained from customers buying the product.
Profit, profit, profit.

Answer 51

Dude thanks so much!!!!! I'd fan you but I'm already a fan :D

Answer 52

I'm glad I could help!
Thanks for the fan by the way, stay awesome and have a wonderful rest of your day/night! If you need help with anything else, just let me know. :)

\(\large\cal\color{blueviolet}{Thanks~for~using~}\color{cornflowerblue}{Open}\color{lightgreen}{Study!}\)

Answer 53

I sure will!!!

Answer 54

@Electric_Blue :(

Answer 55

it was supposed to make you laugh ●ὼ●

Answer 56

it didn't

Answer 57

it was a joke i read your question hun

Answer 58

@ChantySquirrel1129** look what pic i put in here XD ur going to love it

Answer 59

OMS SAME XDD