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 I firmly feel ***** minimum ***** law must never be repealed ********** it tends to benefit the poorest section of the society.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 that are strictly negative in nature and they maintain that minimum wage leg*****lation is only adding to *****'s numerous economic problems. Therefore it ***** important to discuss both sides of the issue and see why minimum ***** law h***** not ***** scraped. For the sake ***** maintaining objectivity, let us ***** ***** sides of the issue. It will au*****matically make it clear why we should keep the *****.

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

***** after the introduction to the topic, it is important to understand why the legislation still encounters staunch opposition. The anti-legislation quarter is of the view that minimum ***** law increases ***** rate of unemployment in the country. Th***** happens because ***** *****re is fixed ***** ***** be paid to labor, the job opportunities ***** unskilled workers shrink by a large margin. Let us understand ***** ***** happens. When employers know that they ***** required to pay a certain amount to their workers, ***** would naturally want to hire only those who ***** adequate skills and ***** also want to employ fewer people. This throws unskilled poorest section of the ***** out ***** work but we need to understand that this was the very section that government wanted to benefit from the legislation. From a low r*****te of 25 cents per hour in 1938, m*****imum wage rate has increased to more than $6 per hour, which is certainly a great improvement, but people are of the view that minimum wage ***** also gives r*****e to inflation in the country. This happens ***** it is *****d that when people have more purchas*****g power, they are likely to bring more money into the market, which ***** increase prices ***** goods and ***** leads to inflation. Thus opponents feel that w*****h higher minimum wage, poverty increases ***** this is certainly a valid argument but still it is important to see what proponents of ***** legislation ***** to say in this regard so that 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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