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

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 I firmly feel that minimum wage law must never be repealed ********** it tends to benefit the poorest section of the society.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 ***** leg*****lation 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 wage ***** has not ***** scraped. For the sake ***** maintaining objectivity, let us see both sides of the *****. It will au*****matically make it clear why we should keep the law.

Minimum wage law was enacted in 1930s when Roosevelt administration found that unskilled workers were not being paid the wages that they 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 hour and even this meager ***** was disapproved by ***** Supreme Court of the United States. But Roosevelt ***** at least took th***** first step to introduce fair practices in trade and bus*****ess and laid ***** foundation for future labor laws.

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

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

. . . . [END OF THESIS PAPER PREVIEW]

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

© 2001–2017   |   Thesis Papers about Minimum Wage Law the Topic that I Have Chosen for   |   Thesis Paper Sample