Purpose – The paper aims to combat economic illiteracy concerning poverty, minimum wages, sweatshops and working conditions. Design/methodology/approach – The objectives were achieved by (among others) making a proper economic analysis of the unemployment effects of minimum wage laws. The...

Purpose – The paper aims to combat economic illiteracy concerning poverty, minimum wages, sweatshops and working conditions. Design/methodology/approach – The objectives were achieved by (among others) making a proper economic analysis of the unemployment effects of minimum wage laws. The...

Poverty in general is created by governmental mismanagement. The solution to the problem is the free enterprise system. Markets reduce poverty by promoting incentives and rational economic activity. Governments exacerbate it by attacking private property, regulating business, and through...

Purpose – The purpose of this paper is to demonstrate that the minimum wage law is deleterious to the unskilled, to the young and to members of minority groups. Design/methodology/approach – The main method used in this paper is the logical application of basic supply and demand economic...

Purpose – The purpose of this paper is to demonstrate that the minimum wage law is deleterious to the unskilled, to the young and to members of minority groups. Design/methodology/approach – The main method used in this paper is the logical application of basic supply and demand economic...