Minimum wages Custom Essay

Minimum wages The debate on minimum wage has raised controversy particularly after the 2008- 2009 global financial crisis. Even though, there have been calls for increase in the level of minimum wage the results are potentially not beneficial to low wage earners. The minimum wage payment will not reduce poverty, as families living almost below the poverty line will not see improvement in their quality of life. An increase in wages results to a rise in the cost of goods and services, and the poor bear a disproportionate burden relative to their income levels.