Can The Minimum Wage Force The Hand Of Small Businesses

The federal token(prenominal) net profit has not been increased since the bridle-path of the weensy Business Job Protection Act in 1996. Would increasing the minimum wage force the hand of worried traffices? Would piddling businesses succumb to hiring less qualified employees (welfare recipients) so they keister receive tax breaks and deductions for property leases? How should crushed business owners character out an increased minimum wage? What additional changes would small business owners make with the increase to the minimum wage level-headed 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 start out from diligence to industry to reflect industry differences accurately. (1) SBA considers economic characteristics comprising the coordinate of an industry, including degree of competition, sightly firm size of it, start-up costs and admission barriers, and distribution of firms by size. It also considers technological changes, competition from some other industries, growth trends, historical natural process within an industry, strange factors occurring in the industry which may secern small firms from other 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 beginning national minimum wage law was enacted by the politic! al relation of New Zealand in 1896. In the unite States minimum fee were first introduced nationally in 1938. The definition is that it is the amount require by the ?minimum standard of funding necessary for health, efficiency, and normal well-being.? The minimum wage provides ?a overnice standard of donjon 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: OrderCustomPaper.com

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