The federal minimum wage was last updated to $7.25 in 2009. Is this enough money to live on? According to a study from the University of California Berkeley Labor Center, federal and state taxes are currently subsidizing the wages of low-wage employees to the tune of 153 billion a year. Is this fair? Should the law be changed? Or is it true that the minimum wage should be abolished/lowered for infringing on individuals' right to contract and for causing higher unemployment?
The federal minimum wage was last updated to $7.25 in 2009. Is this enough money to live on? According to a study from the University of California Berkeley Labor Center, federal and state taxes are currently subsidizing the wages of low-wage employees to the tune of 153 billion a year. Is this fair? Should the law be changed? Or is it true that the minimum wage should be abolished/lowered for infringing on individuals' right to contract and for causing higher unemployment?
Chapter5: Ethics, Corporate Responsibility, And Sustainability
Section: Chapter Questions
Problem 18CRQ: Does ethics pay? Explain.
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The federal minimum wage was last updated to $7.25 in 2009. Is this enough money to live on? According to a study from the University of California Berkeley Labor Center, federal and state taxes are currently subsidizing the wages of low-wage employees to the tune of 153 billion a year. Is this fair? Should the law be changed? Or is it true that the minimum wage should be abolished/lowered for infringing on individuals' right to contract and for causing higher
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