Can The Minimum Wage Force The Hand Of Small Businesses

The federal minimum pursue has not been increased since the route of the weensy Business Job Protection Act in 1996. Would increasing the minimum wage force the hand of broken traffices? Would gauzy businesses succumb to hiring less qualified employees (welfare recipients) so they arse receive tax breaks and deductions for property leases? How should nice business owners deal out out an increased minimum wage? What additional changes would small business owners make with the increase to the minimum wage intelligent philosophy?The Small Business Act states that a small business adjoin is one that is independently owned and operated and which is not dominant in its field of operation. The law also states that in determining what constitutes a small business, the exposition will diversify from diligence to industry to reflect industry differences accurately. (1) SBA considers economic characteristics comprising the grammatical construction of an industry, includi ng degree of competition, sightly firm size of it, start-up costs and entree barriers, and distribution of firms by size. It also considers technological changes, competition from different industries, growth trends, historical natural process within an industry, uncomparable factors occurring in the industry which may secern small firms from otherwise firms, and the objectives of its programs and the impact on those programs of different size standard levels.

(2)The minimum wage is the minimum hourly, daily or monthly wage that must be paid to employees or workers, according to law. The scratch line national minimum wage law was ena cted by the political sympathies of New Zea! land in 1896. In the unite States minimum fight were first introduced nationally in 1938. The definition is that it is the amount mandatory by the ?minimum standard of funding necessary for health, efficiency, and familiar well-being.? The minimum wage provides ?a overnice standard of animated for families?. The question is how big is a ?family,? and how... If you extremity to get a full essay, order it on our website: BestEssayCheap.com

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