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 I firmly feel that minimum wage law must never be repealed ********** it tends to benefit the poorest section of the society.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 legislation is only adding to *****'s numerous economic problems. Therefore 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 ***** ***** sides ***** the *****. It will au*****matically make it clear why we should keep the *****.

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

***** after ***** introduction to the **********, it is important to underst***** why the leg*****lation still encounters staunch opposition. The anti-legislation quarter is of the view that minimum wage law increases ***** ***** of unemployment in the country. Th***** happens because when there is fixed rate to be ***** to labor, the job opportunities for unskilled ***** shrink by a large margin. Let us understand why ***** happens. When employers know ***** ***** ***** 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. *****is throws unskilled poorest section of the society out ***** work but we need to ***** that this was the very section that government wanted to benefit from the legislation. From a low r*****te of 25 cents ***** 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 ***** also gives rise to inflation in the country. This happens because it is ********** that when people ***** more purchasing power, they are likely to bring more money into the market, which ***** increase prices of goods and this leads to inflation. Thus ***** feel that w*****h 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 ***** failed to take into account the demand and supply side of the argument. It is true that minimum

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