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 I firmly feel that minimum wage law must never be repealed ********** it tends to benefit the poorest section of the society.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 leg*****lation is only adding to country's numerous economic problems. There*****e it is important to d*****cuss both sides of the issue and see why minimum wage law h***** not been scraped. For the sake of maintaining objectivity, let us see ***** sides ***** the issue. It will automatically make it clear why we should keep the law.

Minimum wage law was enacted in 1930s when Roosevelt adm*****istration found that unskilled workers were not being paid the *****s ***** they deserved and th***** a ***** wage per hour was fixed in the Fair labor Act of 1938. But would we really believe that ***** first rate fixed was only 25 cents per ***** and even this meager rate was disapproved by the Supreme Court of the United States. But Roosevelt administration at least took th***** first step to introduce fair practices in trade and bus*****ess and laid ***** foundation for future labor laws.

***** after the 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 ***** law increases ***** rate of unemployment in the country. This happens because when there is fixed rate to be paid to labor, the job opportunities for unskilled ***** shrink by a large margin. Let us understand why this happens. When employers know ***** ***** are required to pay a certain amount to their workers, they 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 ***** that ***** was the very section that government wanted to ***** from the legislation. From a low rate of ***** cents per hour in 1938, m*****imum wage rate has increased ***** more than $6 per hour, which is certainly a great improvement, ***** people are of the view that minimum wage leg*****lation also gives rise to inflation in the country. This happens ***** it is believed that when people ***** more purchasing power, they are likely to bring more money into the market, which will increase prices ***** goods and this leads to inflation. Thus opponents feel that with higher ***** 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 that we can reach a balanced objective conclusion.

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

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