After the Great Recession companies created more jobs and started paying higher wages years later. Data has revealed huge employment and wage increases for the job fields that increased the allowed minimum-wage and other government programs like social security, earned-income tax credit, and food stamps, which have kept millions from falling into poverty. The minimum wage law was required by the labor movement and opposition political parties long ago which continues to be opposed by some employers. The constant convenience of immigrant workers prepared to work for lower wages has delayed the introduction of labor-saving innovations which would increase labor productivity. Something must come to terms with its immigrant labor policy as it threatens economic progress and worker welfare. High goods and service prices of the minimum wage law have helped economic recovery (Chowdhury & Sundaram, 2016).
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After the Great Recession companies created more jobs and started paying higher wages years later. (2019, Apr 03). Retrieved January 16, 2021, from https://midwestcri.org/after-the-great-recession-companies-created-more-jobs-and-started-paying-higher-wages-years-later/