" However, the theoretical evidence that is provided in this article, to disprove other people's theory on the impact of minimum wage on the economy, seems to have the opposite effect. Statements about the, "…simplistic observation that some of the states with high minimum wages also have high unemployment rates," (http://www.epi.org/publications/entry/briefingpapers_bp150) are not completely disproved with the evidence provided to show no correlation with minimum wage and the job market. Despite trying to remove blame from the minimum wage, the coincidence of these states with the highest minimum wages that also have the lowest employment rates -- Alaska, Washington, and Oregon -- seem too much of a coincidence to ignore. If there was no link from the minimum wage to the unemployment rate, then why are so many companies outsourcing?
Many companies, big and small, are looking to make extra money by outsourcing positions in other companies that do not require a minimum wage for workers. Companies do not have to spend as much money on employees from other countries. Regardless of whether this tactic, conducted by these greedy or struggling companies, is fair to the hardworking American workers is beside the point. Saving money through outsourcing, in effect, deprives American workers of more jobs. Fewer jobs are available here because those positions are moved to other countries.
In another article by the Wall Street Journal, people believe that one way to fix...
Since the 1970s, the global retail clothing industry has experienced intense international competition and major shifts in the pattern of consumer demand. These pressures have had far-reaching implications for the clothing industry in the areas of pricing, design, quality, manufacturing processes and employment (Rath, 2002). According to this author, "In the 1970s, traditional manufacturers, particularly High Street retailers with their own manufacturing capacity, found themselves unable to compete with low
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