Essay - Minimum Wage Law the Topic that I Have Chosen for...

MINIMUM WAGE LAW

The topic that I have chosen for my argument-based research is minimum wage law in the country. I firmly feel that m*****imum wage law must never be repealed ********** it tends to benefit the poorest section of the society. The law has been heatedly debated in many legal, social and political circles as the opponents hold views ***** are strictly negative in nature and they maintain that minimum ***** legislation is only adding to *****'s numerous economic problems. There*****e it ***** important to discuss both sides of the issue and see why minimum wage ***** h***** not been scraped. For the sake of maintaining objectivity, let us ***** ***** sides ***** the issue. It will au*****matically make it clear why we should keep the law.

Minimum wage law was enacted in 1930s when Roosevelt administration found that unskilled workers were not being paid the wages ***** ***** deserved and th***** a minimum w*****ge per hour was fixed in the Fair labor Act of 1938. But would we really believe that ***** first rate ***** was only 25 cents per ***** ***** even this meager rate ***** disapproved by the Supreme Court ***** the United States. ***** Roosevelt ***** at least took th***** first step to introduce fair practices in trade and bus*****ess ***** laid ***** foundation for future ***** laws.

***** after the introduction ***** the topic, it is important to understand why the leg*****lation still encounters staunch opposition. The anti-legislation quarter is of the view that minimum wage law increases the ***** of unemployment in the country. This happens because ***** *****re is fixed rate to be paid ***** labor, the job opportunities ***** unskilled workers shrink by a large margin. Let us understand why this happens. When employers know ***** they ***** required to pay a certain amount to their workers, they would naturally want to hire only those who have adequate skills and ***** also want to employ fewer people. This throws unskilled ***** section of the ***** out ***** work but we need to understand that ***** was the very section that government *****ed to ***** from the legislation. From a low r*****te of ***** cents per hour in 1938, minimum wage rate has increased ***** more than $6 ***** hour, which is certainly a great improvement, but ***** are of the view that ***** wage ***** also gives r*****e to inflation in the country. This happens ***** it is *****d that when people ***** ***** purchas*****g power, they are likely ***** bring more money into the market, which will increase prices of goods and this leads to inflation. Thus ***** feel that with higher minimum wage, poverty *****s ***** this is certainly a valid argument but still it is important to see what proponents ***** ***** legislation have to say in ***** regard so that we can reach a balanced objective conclusion.

Opponents have failed to take in***** account the demand and supply side of the argument. It is true that minimum