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


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MINIMUM WAGE LAW

The 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 I firmly feel that minimum wage law must never be repealed because it tends to benefit the poorest section of the society.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 ***** legislation is only adding to country's numerous economic problems. There*****e it ***** important to discuss both sides of the issue and see why minimum wage law has not been scraped. For the sake of maintaining objectivity, let us ***** both sides of the issue. 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 *****re not being paid the wages that they deserved and th***** 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 ***** ***** even this meager rate was disapproved by ***** Supreme Court ***** the United States. But Roosevelt administration at least took th***** first step to introduce fair practices in trade and business ***** laid ***** foundation for future labor laws.

Now after the introduction to the **********, 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 ***** of unemployment in the country. Th***** happens ***** ***** there is fixed rate to be ***** to labor, the job opportunities ***** unskilled workers shrink by a large margin. Let us understand ***** ***** happens. When employers know ***** ***** ***** required to pay a certain amount to their workers, they would naturally want to hire only those who ***** adequate skills and would also ***** to employ fe*****r people. *****is throws unskilled poorest section of the society out of work but we need to ***** that this was the very section that government wanted to ***** from the legislation. From a low r*****te of 25 cents per hour in 1938, m*****imum wage rate has increased to more than $6 per hour, which is certainly a great improvement, ***** people are of the view that minimum wage legislation also gives rise to inflation in the country. This happens because it is believed that when ***** have ***** purchasing power, they are likely to bring more money into the market, which will increase prices ***** goods and ***** leads to inflation. Thus ***** feel that with higher ***** wage, poverty ***** and this is certainly a valid argument but still it is important to see what proponents of ***** ***** have to say in ***** regard so ***** we can reach a balanced objective conclusion.

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

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