As part of my Business Minor, I had to take an economics course. In this course, I learned not only about the fundamentals of micro and macro economics, but also learned how it effects business decisions and impacts every scope of the United States.

​

     Attached is my final paper for this class: Minimum Wage in the United States.

    

     It discusses what minimum wage is (both state and federal), how it began, and how it affects the United States' economy. I cover the affected parties of minimum wage - both who is covered and who is exempt. In addition, I review criticisms economists have and case studies done in the United States about the impact of a changing (increasing) minimum wage. From this, I discuss the ripple effect an increasing a minimum wage can have on the economy and business efficiency.