Small business today has already faced a tight budget. However, eight states including Arizona, Florida and Washington rise the minimum wages for 32 cents more. Many small businesses pay employees at minimum wages. The rise of minimum wage can cause reduce in jobs and work hour, although some expert believe the rise will compensate employees’ living expense and motivate them work more efficiently.
This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Thursday, December 1, 2011
WSJ: Small business faces a tough choice as wages rise
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