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


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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 I firmly feel that m*****imum ***** law must never be repealed *****cause it tends to benefit the poorest section of the society.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 wage leg*****lation is only adding to ********** numerous economic problems. There*****e it is important to d*****cuss both sides ***** the issue and see why minimum ***** ***** h***** not been scraped. For the sake of maintaining objectivity, let us ***** both sides of ***** *****. It will automatically make it clear why we should keep the law.

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

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

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

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