The Minimum Wage: To Raising Or Not To Raise, By Mike Patton

Words: 554
Pages: 3

In the article The Minimum Wage: To Raise or Not to Raise by Mike Patton, he talks about raising the minimum wage of labour, and its detrimental effects on businesses. The article raises some good points about how the increased costs of labour would hurt small businesses, with evidence provided by account of a restaurant owner. Even though the author is right about some of the issues in the article, he makes assumptions that are not entirely correct. Some examples of this are his assuming that most people earning minimum wage are young, and that motivation is all that it takes to get out of poverty.
By focusing on some of the issues and problems presented in the article, they can be broken down and analysed to look at the economic theories