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 I firmly feel that minimum ***** law must never be repealed ********** it tends to benefit the poorest section of the society.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 ***** are strictly negative in nature and they maintain that minimum wage legislation is only adding to ********** numerous economic problems. There*****e it is important to discuss both sides of the issue and see why minimum ***** law has not been scraped. For the sake ***** maintaining objectivity, let us ***** both sides of the *****. It will au*****matically make it clear why we should keep the law.

Minimum wage law was enacted in 1930s when Roosevelt adm*****istration found ***** unskilled workers were not being paid the wages that ***** deserved and thus a ***** w*****ge per hour ***** fixed in the Fair labor Act of 1938. But would we really believe that the first rate ***** was only 25 cents per hour and even this meager ***** ***** disapproved by the Supreme Court ***** 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 ***** laws.

***** after the introduction to ***** **********, 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 because when there is fixed ***** to be ***** ***** 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 would also ***** to employ fewer people. This throws unskilled poorest section of the ***** out ***** work but we need to ***** that this was the very section that government wanted to benefit from the legislation. From a low rate of 25 cents ***** hour in 1938, minimum wage rate has increased ***** more than $6 per hour, which is *****ly a gre*****t improvement, ***** people are of the view that ***** wage legislation also gives rise to inflation in the country. This happens ***** it is *****d that when people have ***** purchasing power, they are likely to bring more money into the market, which ***** increase prices of 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 ***** ***** ***** have to say in ***** regard so ***** 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 minimum

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