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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Copyright Notice


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 I firmly feel that m*****imum ***** law must never be repealed because it tends to benefit the poorest section of the society.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 country's numerous economic problems. Therefore it is important to d*****cuss both sides ***** the issue and see why minimum wage law h***** not ***** scraped. For the sake of maintaining objectivity, let us see ***** sides ***** the *****. It will au*****matically make it clear why we should keep the *****.

Minimum wage law was enacted in 1930s when Roosevelt adm*****istration found ***** unskilled workers *****re not being paid the wages that ***** deserved and th***** a ***** wage per hour was fixed in the Fair labor Act of 1938. But would we really believe that ***** first rate fixed 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 that first step to introduce fair practices in trade ***** business and laid the foundation for future labor laws.

Now after ***** 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 wage law increases ***** rate of unemployment in the country. Th***** happens because when there is fixed rate to be ***** to labor, the job opportunities for unskilled workers shrink by a large margin. Let us understand why this happens. When employers know that they are required to pay a certain amount to their *****, they would naturally want ***** hire only those who have adequate skills and would also want to employ fe*****r people. This throws unskilled ***** section of the society out of work but we need to ***** that ***** was the very section that government *****ed to benefit from ***** legislation. From a low r*****te ***** ***** cents per hour in 1938, m*****imum wage rate has increased to more than $6 per hour, which is *****ly a gre*****t improvement, ***** ***** are of the view that minimum wage legislation also gives rise to inflation in the country. This happens because it is ********** that when people ***** ***** purchasing power, they are likely ***** bring more money into the market, which ***** increase prices of goods and this leads to inflation. Thus opponents feel that with higher minimum wage, poverty ***** ***** this is certainly a valid argument but still it is important to see what proponents ***** ***** ***** 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 ***** argument. It is true that minimum


Download entire paper (and others like it)    |    Order a one-of-a-kind, custom paper

© 2001–2017   |   Thesis Papers on Minimum Wage Law the Topic that I Have Chosen for   |   Dissertation Model