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


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 I firmly feel ***** m*****imum ***** law must never be repealed ********** it tends to benefit the poorest section of the society.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

Minimum wage law was enacted in 1930s when Roosevelt administration found ***** unskilled workers were ***** being paid the wages that they deserved and th***** a minimum wage per hour ***** 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 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 ***** laid ***** foundation for future labor laws.

Now after the 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 ***** law increases ***** rate of unemployment in the country. This happens because ***** there is fixed rate to be paid ***** *****, the job opportunities ***** unskilled workers shrink by a large margin. Let us understand ***** ***** happens. When employers know ***** they ***** required to pay a certain amount to their workers, ***** would naturally want to hire only those who have adequate skills and would also ***** to employ fewer people. ***** throws unskilled ***** section of the society out ***** work but we need to understand that this was the very section that government wanted to benefit from ***** legislation. From a low r*****te of ***** cents ***** hour in 1938, minimum wage rate has increased ***** more than $6 per hour, which is certainly a gre*****t improvement, but people are of the view that minimum wage leg*****lation also gives rise to inflation in the country. This happens because it is believed that when ***** ***** more purchas*****g power, they are likely ***** bring more money into the market, which ***** increase prices of goods and ***** 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 the legislation have to say in ***** regard so ***** we can reach a balanced objective conclusion.

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

. . . . [END OF THESIS PAPER PREVIEW]

Download complete paper (and others like it)    |    Order a one-of-a-kind, customized paper

Other topics that might interest you:

© 2001–2016   |   Essays about Minimum Wage Law the Topic that I Have Chosen for   |   Book Report Examples