Building Prosperity from the Bottom Up
In the article, “Building Prosperity from the Bottom Up”, author Thomas Palley argues that increasing minimum wage would not only improve the standard of living for the lower class, but it would also help the middle class as well as improve productivity in businesses. First, he explains that contrary to traditional beliefs, modestly increasing minimum wage would have no effect on unemployment rate. Also, as Palley states, “It [increasing minimum wage] is good for the working poor because it establishes a wage floor that inhibits excessive wage competition”. In addition to this, Palley argues that increasing the minimum wage would provide an incentive for employees to work harder while practically destroying the need for pricy tax cuts that would hurt the government’s state of wealth. Also, if the minimum wage were
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Some common words found in the essay are:
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Approximate Word count = 550
Approximate Pages = 2 (250 words per page double spaced)
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