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  • Essay / How does the minimum wage affect poverty? - 1180

    How does the minimum wage affect poverty?IntroductionUnderstanding how the minimum wage level affects poverty in a given society is crucial for informing policy in a number of important areas. Indeed, examining the link between poverty and the minimum wage is necessary for policymakers seeking to establish sound economic policy as well as for labor and social rights groups seeking to ensure that the minimum wage is at a level sufficient to ensure that workers can meet their most basic needs. and basic needs. Readers should be concerned about the link between minimum wage and poverty levels, because poverty is a particularly important and impactful social problem. High poverty rates can both negatively impact the economy and contribute to a host of negative social problems. At the same time, questions may arise regarding the poverty impacts associated with the minimum wage. Research that better clarifies this connection is particularly important. For these reasons, it is essential to study the link between the minimum wage and poverty. This essay will provide a summary of two academic journal articles studying the link between poverty and the minimum wage. Each abstract will discuss the researchers' particular interest, the contribution of the study, the methodology employed by the researchers, and their findings and conclusions. Finally, the essay will conclude with a brief commentary on the relevance of these articles to the larger topic, as well as their effectiveness in promoting learning. Summary of the first article: “The (non) impact of the minimum wage on poverty: regression and simulation. Evidence for Canada” This article examines the impact that the minimum wage has had on poverty levels in...... middle of paper ...... layers of evidence to help ensure its effectiveness. Even though some policies may seem politically expedient, they may fail to generate the positive change they are designed to achieve. I would be interested in looking at simulation-based research to examine the impact of no minimum wage. Given that it has proven not to be an effective tool for combating poverty, it would be interesting to know more about the potential impacts arising from its elimination, particularly the impacts arising from its elimination on poverty. Works CitedCampolieti, M., M. Gunderson, and B. Lee. “The (non)impact of the minimum wage on poverty: Regression and simulation evidence for Canada.” Journal of Labor Research 33.3 (2012): 287-302. Print.Mascella, A., S. Teja and BS Thompson. “Minimum Wage Increases as Anti-Poverty Policy in Ontario.” Canadian Public Policy 35.3 (2009): 373-379. Print.