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


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MINIMUM WAGE LAW

***** topic that I have chosen for my argument-based research is minimum wage law in the country. I firmly feel that minimum ***** law must never be repealed because it tends to benefit the poorest section of the society.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 that are strictly negative in nature and they maintain that minimum wage leg*****lation is only adding to *****'s numerous economic problems. There*****e it is important to d*****cuss both sides of the issue and see why minimum wage ***** h***** not been scraped. For the sake ***** maintaining objectivity, let us see ***** sides of ***** *****. It will au*****matically make it clear why we should keep the law.

Minimum wage ***** was enacted in 1930s when Roosevelt administration found that unskilled workers were ***** being paid the ********** that they deserved and thus a ***** wage per hour ***** fixed in the Fair labor Act ***** 1938. But would we really believe that the first rate ***** was only 25 cents per ***** and even this meager ***** was disapproved by ***** Supreme Court of the United States. But Roosevelt administration at least took that first step to introduce fair practices in trade and business and laid the foundation for future ***** laws.

***** after the introduction to the **********, it is important to underst***** 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 ***** when there is fixed rate to be paid ***** labor, the job opportunities for unskilled ***** shrink by a large margin. Let us understand ***** ***** happens. When employers know that ***** ***** 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. *****is throws unskilled ***** section of the ***** out ***** work but we need to ***** that this was the very section that government *****ed to benefit from the legislation. From a low rate of 25 cents ***** hour in 1938, minimum ***** ***** has increased to more than $6 per hour, which is certainly a gre*****t improvement, ***** people are of the view that ***** wage ***** also gives rise to inflation in the country. This happens because it is believed that when people have ***** purchasing power, they are likely to bring more money into the market, which will increase prices of goods and this leads to inflation. Thus ***** feel that w*****h higher minimum wage, poverty *****s ***** this is certainly a valid argument but still it is important to see what proponents of ***** legislation ***** 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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