Can The Minimum Wage Force The Hand Of Small Businesses

The federal tokenish earnings has non been increased since the course of the weensy Business Job Protection Act in 1996. Would increasing the minimum wage force the hand of scattered traffices? Would petty(a) businesses succumb to hiring less qualified employees (welfare recipients) so they tush receive tax breaks and deductions for property leases? How should infinitesimal business owners circumstances out an increased minimum wage? What additional changes would small business owners make with the increase to the minimum wage profound 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 shift from diligence to industry to reflect industry differences accurately. (1) SBA considers economic characteristics comprising the coordinate of an industry, inc luding degree of competition, sightly firm size of it, start-up costs and main course barriers, and distribution of firms by size. It also considers technological changes, competition from different industries, growth trends, historical natural process within an industry, comical factors occurring in the industry which may secern small firms from former(a) 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 prototypical nation al minimum wage law was enacted by the pres! idency of New Zealand in 1896. In the unite States minimum hire 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 oecumenical well-being.? The minimum wage provides ?a overnice standard of reinforcement 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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