Minimum Wage

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Title: Minimum Wage

Essay Details:

Subject: Business

Author: Alexandra A

Date: October 18, 2015

Level: University

Grade: A

Length: 3 / 628

Essay text:

That's far from certain, and raises an important question: Who would be harmed, and, if they are, should they receive compensation? Certainly, some companies will be forced to raise wages. But there is no precise way for government to predict which ones will be affected or by how much. Nonetheless, the Senate bill provides liberalized depreciation rules, kinder tax treatment of "S corporations" (which reap many benefits of incorporation without being liable for the corporate income tax), and an expansion of the Work Opportunity Tax Credit as compensation for paying low-wage workers more. But the proposed breaks pertaining to depreciation and S corps could just as easily benefit owners not affected by the wage increase, those helped by it (say, high-paying restaurant owners whose lower-paying competitors would be forced to raise salaries), or even people who don't currently own a small business but invest in one in the future...

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