Table of ContentsSummaryThe Minimum Wage IncreaseEmpirical EvidenceConclusionReferencesSummaryFor every action there is a reaction, it is established in world literature that the lowest wage allowed by the law constructs the transfer of compensation. Companies respond to these higher labor costs by reducing activity, reducing profits, or increasing costs. While there are several investigations into the labor impact of the lowest wage allowed by law, there isn't really a group that focuses on its profit impacts, and there are many so to speak two or three dozen surveys on its impacts in terms of value. Not only is the literature inadequate on the impacts on the value of base salary, but it also fails to provide a comprehensive view on the matter. This study demonstrates a significant editorial commitment as it summarizes and fundamentally reviews more than twenty cost impact studies, thus providing an editorial reference. This overview complements the essay by offering a contribution to the ongoing debate about the on-the-job impacts of the lowest pay permitted by law. Since work and benefits are not fundamentally influenced, higher spending is an obvious reaction to the lowest salary allowed by law. Furthermore, this overview also complements the writing by expanding the current understanding of the lowest wage allowed by law as a strategy against imbalance and want. If the lowest wage permitted by law does not cause unemployment but is intended to expand employment, it may sting rather than help the poor, who excessively suffer the ill effects of swelling. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Increasing the minimum wage It is established in the universal literature that the lowest wage permitted by law constitutes the transfer of compensation (Card and Krueger, 1995; Brun, 1999). Businesses respond to these higher labor costs by reducing activity, reducing profits, or increasing costs. While there were more than three hundred surveys on the impact on businesses of the lowest wage allowed by law in 1995 (Card and Krueger, 1995), there were none on its impacts in terms of benefits, and only three on its impacts in terms of value (Wessels, 1980; Katz). and Krueger, 1992; Spriggs and Klein, 1994), or other reports from the United States Department of Labor (FLSA 1965 and 1969; MWSC, 1981). The standard monetary hypothesis predicts that the lowest wage increases allowed by law do not decrease benefits on the grounds that wages are low. Compensation companies are generally too small and too serious to even think about absorbing the additional expenses. It is therefore not surprising that experimental evidence is insufficient regarding beneficial effects. In such serious markets, costs are taken as given and assumptions predict that organizations reduce work based on smaller salary increases. It is therefore to be expected that there is such a vast and precise literature on the impacts of work. Regardless, the assumptions also predict that an industry-wide cost reduction, for example the lowest wage increases allowed by law, will be attributed to the costs. The stable cost assumption is reasonable if firms that are influenced compete with firms that are not influenced by expansion, but it is absurd if the paralysis extends tothe entire sector. It is surprising then that there is so little experimental evidence of the impact on value – despite the fact that this impact was first observed 50 years ago (Stigler, 1946). Perhaps because Universal writings primarily use information from the United States and the impacts on values ​​there are small, little additional research has been done. A comprehensive study on the price effects of the minimum wage is not available in the literature. Brown's (1999) recent survey includes only three of these studies: Wessels (1980), Katz and Krueger (1992), and Card and Krueger (1995). This investigation represents an important contribution to the literature as it summarizes and critically compares more than twenty price effect studies, providing a benchmark in the literature. This investigation also contributes to the literature by offering a contribution to the recent debate on the direction of the effects of the minimum wage on employment. Empirical evidence does not always support the negative effect predicted by theory (Card and Krueger, 1995; Brown, 1999), although small effects, clustered around zero, are increasingly common in the literature (Freeman, 1994 and 1996; Brown, 1999). Since employment and profits are not significantly affected, rising prices are an obvious response to an increase in the minimum wage. Indeed, employment does not decrease if companies are able to pass on the higher costs associated with a minimum wage shock in prices. Thus, data on price effects could reconcile theoretical predictions and empirical evidence on employment effects. This investigation further contributes to the literature by expanding the current understanding of the minimum wage as a policy to combat inequality and poverty. If the minimum wage does not cause unemployment but causes inflation, it could harm rather than help the poor, who suffer disproportionately from inflation. -Investigation of the performance model, review of the estimation of lack of interest and investigation of relapses. They can be broadly divided into two classes: the estimation of the impact of the lowest salary allowed by law on costs in different companies and the estimation of the impact of the lowest salary allowed by law on costs in different companies. expansion across the country. This order is related to the extent to which they represent the few steps by which the lowest wage allowed by law influences costs and expansion (transportation component). Firstly, there is an immediate impact on those between the old and the new, the lowest salary allowed by law. Second, there are backdoor spillover effects on those above (and below) the new lowest wage allowed by law. Third, businesses increase their costs due to these higher labor costs. Fourth, firms change the relevant level and mix of information and output (continuously with cost minimization based on anticipated interest). Fifth, new business and resulting pay levels come together to create another harmonious pay level, total interest and, after some relaxation, creation. Sixth, inflation and unemployment rates linked to the new harmony could again influence wages and costs (Sellekaerts, 1981). The fundamental problem in contrasting evaluations between concentrates in writing is that the general balance and information yield models represent all means of the transmission instrument, although the contrast and relapse models can or not do the trick. THE, 154-180.