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

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***** 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 I firmly feel that minimum ***** law must never be repealed *****cause it tends to benefit the poorest section of the society.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 is important to discuss both sides ***** the issue and see why minimum ***** law has not ***** scraped. For the sake of maintaining objectivity, let us ***** both sides of 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 wages that ***** deserved and thus a minimum w*****ge per hour was fixed in the Fair labor Act ***** 1938. But would we really believe that ***** first rate fixed was only 25 cents per hour and even this meager ***** was disapproved by the Supreme Court of the United States. ***** Roosevelt administration at least took that first step to introduce fair practices in trade ***** business and laid ***** foundation for future labor laws.

***** after the introduction ***** the topic, 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 ***** rate of unemployment in the country. Th***** happens because ***** *****re is fixed ***** ***** be ***** to labor, the job opportunities ***** unskilled ***** shrink by a large margin. Let us understand why ***** happens. When employers know ***** they ***** required to pay a certain amount to their workers, ***** would naturally want ***** hire only those who ***** adequate skills and ***** also ***** to employ fe*****r people. This throws unskilled ***** section of the ***** out ***** work but we need to understand that this was the very section that government wanted to benefit from the legislation. From a low rate of 25 cents per hour in 1938, minimum 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 r*****e to inflation in the country. This happens because it is *****d that when ***** have ***** purchasing power, they are likely ***** bring more money into the market, which ***** increase prices ***** goods and this leads to inflation. Thus ***** feel that with higher minimum wage, poverty *****s ***** 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 in***** account the demand and supply side of ***** argument. It is true that m*****imum


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