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 I firmly feel that minimum ***** law must never be repealed because it tends to benefit the poorest section of the society.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

Minimum wage law was enacted in 1930s when Roosevelt administration found that unskilled workers *****re not being paid the wages ***** ***** deserved and thus a ***** w*****ge per hour was fixed in the Fair labor Act of 1938. But would we really believe that the first rate fixed was only 25 cents per ***** and even this meager rate ***** disapproved by ***** Supreme Court of the United States. But Roosevelt ***** at least took th***** first step to introduce fair practices in trade ***** bus*****ess and laid ***** foundation for future labor 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 ***** ***** of unemployment in the country. Th***** happens ***** ***** there is fixed rate ***** be ***** to labor, the job opportunities for unskilled ***** 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 ***** hire only those who have adequate skills and would also ***** to employ fe*****r people. This throws unskilled ***** section of the ***** out ***** work but we need to ***** that ***** was the very section that government wanted to benefit from the legislation. From a low r*****te of 25 cents ***** hour in 1938, minimum wage rate has increased to more than $6 per hour, which is certainly a great improvement, but ***** are of the view that ***** wage legislation also gives rise to inflation in the country. This happens because it is believed that when people have more purchasing power, they are likely ***** 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 ***** and 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 in***** account the demand and supply side of ***** argument. It is true that m*****imum

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