Survey of Economics

 

     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.