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


Copyright Notice

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 I firmly feel that minimum ***** law must never be repealed because it tends to benefit the poorest section of the society.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. Therefore it is important to discuss both sides ***** the issue and see why minimum wage 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 law.

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

Now after ***** introduction to the **********, it is important to understand why the legislation still encounters staunch opposition. The anti-***** quarter is of the view that minimum wage law increases the rate of unemployment in the country. Th***** happens ***** when ********** is fixed rate to be paid to labor, the job opportunities for unskilled workers shrink by a large margin. Let us understand why this happens. When employers know ***** they are 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 fe*****r people. This throws unskilled ***** section of the society out ***** work but we need to ***** that this was the very section that government wanted to benefit from ***** legislation. From a low r*****te of ***** cents per hour in 1938, minimum ***** rate has increased ***** more than $6 ***** hour, which is certainly a gre*****t improvement, ***** ***** are of the view that ***** wage ***** also gives rise to inflation in the country. This happens because it is believed that when people ***** ***** purchas*****g power, they are likely to bring more money into the market, which ***** increase prices ***** goods and ***** 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 the legislation have to say in ***** regard so that we can reach a balanced objective conclusion.

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

. . . . [END OF RESEARCH PAPER PREVIEW]

Buy a full, non-asterisked paper below    |    Order a unique, custom paper

100% Complete, University Essays & Thesis Papers to Buy

© 2001–2014   |   Research Paper about Minimum Wage Law the Topic that I Have Chosen for   |   Book Reports Models