1. Key Concepts in Economics
... computer. The other argument democrats are making, is that minimum wage (and wages in general) have not kept pace with America's increased productivity. This argument is highlighted by Senator Elizabeth Warren, "If we started in 1960 and we said that as productivity goes up, that is as workers are producing more, then the minimum wage is going to go up ... which as a result will help our economy grow. The cost to the company for raising the minimum wage is pennies compared to the amount each employee will receive. As Senator Warren stated, "By raising the minimum wage to $10 an hour wou...
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- Approx Pages: 4
- Has Bibliography
- Grade Level: High School