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 I firmly feel that m*****imum ***** law must never be repealed ********** it tends to benefit the poorest section of the society.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

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

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

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

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