Article ReviewNameUniversityDateScott Wolla`s “Would Increasing the Minimum Wage Reduce Poverty”The article seeks to create an understanding in regards to the relationship between minimum wage and poverty. The minimum wage has actually been implemented in most cases whereby poverty needs to be alleviated or controlled. The minimum wage idea has been applied in major sectors of the economy even though a large segment of the labor force has been left out of the statistics. Many people, according to this newsletter, always thrive to raise fair amount of earnings that can help sustain their lifestyles as well as their households. The labor markets just like any other market often have both the demand side as well as the supply side. The interaction between these two sides often ends up creating an equilibrium wage (Card, 1994). On the same instance, the minimum wage actually acts as the price floor necessary for labor that is considered low skilled. High wages would decrease the number of workers that a company is wishing to hire. This is because the employees would end up coming to work with high expectations that the company may fail to live up to due to low income seen in the general structure of financial strength. What results from this is a surplus seen in the employees because more workers would be seeking the jobs in a very narrow job market. The individuals who fail to get employment during such times end up unemployed and the joblessness cycle continues (Grossman, 1978).According to economists, it is seen that wage is an outcome of the labor market. It is through this idea the major economists have always avoided making great value judgments that regard the fairness o...