Tying the minimum wage to a diploma until the age of 25 (or some other high age) would be a drastic public policy measure. It has the potential to serve as a powerful monetary incentive to motivate potential dropouts to earn their high school diploma; it will do them a lot of good in the long run, and it will make the workforce more educated and the economy more competitive.
- high school dropouts,
- minimum wage,
- economic competitiveness
Available at: http://works.bepress.com/paulswamidass/1/