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What would help high unemployment areas more, raising minimum wage or cutting minimum wage in half for 5 years?

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  • What would help high unemployment areas more, raising minimum wage or cutting minimum wage in half for 5 years?


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Answer #1 | 08/02 2014 16:12
CUTTING THE MINIMUM WAGE
Answer #2 | 08/02 2014 22:49
Neither. Either one is merely as striking blows in the air. Neither one strikes at the roots of the real problem.
Answer #3 | 08/02 2014 10:44
neither will have a great deal of an impact. raising it at this point will cause a little job lose to the small and mid sized business with high labor cost. Dropping it might add just a couple of part time jobs in the same areas. reducing the fed, state and local fees, regs and taxes for a set period of time more then 3 years, would have the biggest impact at the local levels.
Answer #4 | 08/02 2014 11:52
The first. All the second would do is make it impossible for more people to spend money and buy the things that keep businesses open. More businesses would go under and there would be more unemployed. If low wages helped build an economy, then all the third world countries our jobs were outsourced to because they would work for peanuts should be booming by now.

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