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Moreover, 1.2 million of these workers are single parents and most of these people are women.5.
Many organizations have formulated the wage payment system. This topic is an exceptionally
important to me, considering I am working with a minimum wage salary at a medical clinic. Some
think that nominal pay should be increased while others have no. The minimum wage was created to
stabilize the economy post depression and to protect worker in. With a higher rate, students can save
more money helping with later on expenses. Long Essay on Minimum wage 500 Words in English
Long Essay on Minimum wage is usually given to classes 7, 8, 9, and 10. However, the fact remains
that minimum wages cannot achieve this outcome; and on the other hand, tend to exacerbate the
economic condition of the very people that they seek to benefit. The Conservative Party’s policy on
the minimum wage has changed over the years. As. The minimum wage in Canadian economic
debate has been a long and widely held debate between social interest groups and the ruling
government for years. The potential employment effects of the minimum wage are its most
controversial feature. The. The initial minimum salary was 25 cents per minute. If the consequences
of the legislation are harmful, then it should not be passed, regardless of how morally appealing it is
to politicians or the public. Answer: So dependent students will work seventeen hours every week,
fifty-two weeks a year at the federal salary before financial gain would affect their aid eligibility. If
the increase in productivity had gone hand on hand with increase in minimum wage, then it would be
twenty two dollars an hour currently. The Minimum Wage Law was established by the federal then
some state government to assure that this ideal was a realization. The government performs a
fundamental economic and social role by Raising the minimum wage. If Reich’s guess is correct, the
people attracted into the force will simply cancel out those that are forced out by companies. This is
false. Studies show that more than 50% of minimum wage workers are over the age of 25. (Conlin)
At this you already have influence on our economy and what it may become. Celebrities and lawyers
reside in hilltop mansions while the economically lower classes flounder to make a living and stay in
their homes. All expenses from schooling, food, and medication have increased. The writer obviously
stated that by Raising the minimum wage, lowest paid employees will be given more purchasing
power which they can use in order to improve their living. By contrast, during the 2005 General
Election campaign. Evidence indicates that children mimic and internalize television programming,
and because viewing violence can affect their emotional health, children’s programming should not
contain any form of violence. 22. Should the paparazzi be required to give celebrities some amount
of privacy. Lets first go over the reasons that raising minimum wage would be beneficial to the
citizens of the United States, and the government as well. Additionally, it is more important to point
out that only some of the workers will be happy: those that keep their jobs. It stimulates the
economic growth of the country by expanding its utilization. We reflect off the past and act upon
what greatly benefited us before. Due to increasing over-dependence on technology, many people
struggle to think for themselves. 6. Should all high school students be required to complete parenting
classes. Workers have protested and gone on strike for higher wages.
This has been countered by the proponents of the minimum wage who contend that it enhances the
purchasing power of the consumer and also increases productivity. To improve circumstances it is
recommended that individuals seek a college education and government to increase the minimum
wage. Secondly on the appeal list is logical (logos), which is clearly represented throughout the
whole article. If the minimum wage increases overhead with the equality it is presently at, it will
guide to a rise in wage rate resulting in a reduction in employment. If minimum wage does increase,
about 41 million workers would benefit. (The Public Policy). I believe that Raising the minimum
wage only solves the problem partially. Approximately 8.5% of all female workers were affected by.
These students will be able to look into their future but, this time, with less debt due to student
loans. Raising the minimum wage does not make that worker more valuable to an organization, it
only makes him more expensive. The laws creating the minimum wage were intended to improve the
standard of living and decrease poverty. Arguably, there are disadvantages that can be seen when the
minimum wage rate is increased. Although it may take a awhile to reach full prosperity, we need to
do what we can to boost our economy. I believe that every working human should be able to afford
basic human rights such as shelter, food, and being able to financially support their families. These
parents’ children’s mental health is being affected by this separation. Because of the enormous
potential to both treat disease and save lives, embryonic stem cell research should not only be
permitted but should also receive additional funding. 30. Should pet stores be required to sell rescue
animals. The specific question that I will be addressing is: What are the negative externalities to
raising the minimum wage. In the 2005 General Election campaign, the Conservative Party. S census
posted that in a family of three; their income is 18,552, U. The initial minimum salary was 25 cents
per minute. Many organizations have formulated the wage payment system. Across all models, a
dollar increase in the minimum wage above the federal level was associated with a 1% to 2%
decrease in low birth weight births and a 4% decrease in postneonatal mortality. Essays could delve
into the historical evolution of minimum wage policies, the economic theories surrounding it, and the
impact of minimum wage increases on employment, poverty, and income inequality. Fewer workers
will be hired from the decreased profits of the businesses or to prevent a loss of profits from the
previous effects of the wage increase (Wolfram). The minimum wage is a tool that was introduced in
the 20th century to protect workers from abuse. Georgetown is in Ward 2, where the unemployment
rate is below 5 percent. There is a strong call for discarding the minimum wage requirement. Hence, a
10% increase in the federal minimum wage would result in a decrease of 1 to 3% in their
employment.19. Currently, the minimum wage leaves a working parent with one child in poverty. By
increasing the minimum wage more than 3.6 million people will stop depending on the food stamp
rolls. An increase in the minimum wage will also motivate people to get employed.
These parents’ children’s mental health is being affected by this separation. There are some
employers that are willing to invest in their employee’s future. Both hold certain characteristics that
make them special to different individuals. When analyzing the totality of economic effects, it is
clear that increasing the minimum wage causes a host of economic issues, one leading to the next,
and overall only causing more trouble for the minimum wage worker. Minimum wages are
established by the government legislation or by a contract. Opposers of a higher minimum wage
claim that it would be too costly for businesses to pay their employees more money, causing them to.
Thus, it can be surmised from the above discussion that minimum wage laws, in general, result in the
enhancement of unemployment and wage theft. This means that employers don’t have to spend a lot
on training and can focus on increasing profit. While this statement is true, low paid workers spend
their money quickly to buy basic necessities for themselves and their families. The laws creating the
minimum wage were intended to improve the standard of living and decrease poverty. Legislators
passed this depression-era law Their intent was to establish a national minimum standard of living
and stabilize the economy by regulating pay of the poorest social class. In conclusion raising
minimum wage will end up hurting the economy. However, there can be grave consequences that
result from such drastic economic changes that must be considered, especially when these
consequences hurt the intended beneficiaries. An increase in the minimum wage also benefits
employers as well in the long run. The National Minimum Wage arguably represents the Labour
government’s most significant. London: Stationery Office. Jones, P.,; Farness, J. (2002). College
writing skills. The minimum wage must be increased for the betterment of our country. He even
wraps up his argument with a simple economics principle. Several scholars consider the strategy of
increasing the federal minimum wage to be effective in mitigating poverty. We use cookies to create
the best experience for you. For example the minimum wage in California has gradually been
increasing since 2006. Another major difficulty faced by employers is that their salary expenditure is
generally projected a year in advance. This also means that the companies would not have to fire
individuals or cut costs in any other field. We'll assign you an expert who has experience in this topic
free of charge. Although it may take a awhile to reach full prosperity, we need to do what we can to
boost our economy. The Conservative Party’s policy on the minimum wage has changed over the
years. As. Work can be a big cause of stress and when one is stressed out about work, it can
negatively effect their performance in school. A disturbing fact is that 40% of the black teenagers are
unemployed. Families will be spending more on other items like clothing, vacations etc. When people
have more savings, they will likely purchase more goods.
Something that does not even require a whole lot of logic, he makes it seem like common sense.
However, the solution is not to increase the minimum wage for all employers, but to address the issue
with much more wisdom. It is essential to realize that even a low paying job is better than being
unemployed. This is just not fair to the children who are the future. You can use essay samples to
find ideas and inspiration for your paper. By increasing the minimum wage, many people will be
afforded the opportunity for a good and better education for themselves and their children.
Minimum wage is the lowest remuneration that employers can legally pay their workers. Raising the
minimum wage boosts disposable income that will be spent on local businesses. This uneven balance
of the distribution of wealth is causing a significant amount of our population to suffer below the
poverty line. The increase of minimum wage is on the few things that can benefit everyone. Our
country will see the economic prosperity that it’s been searching for. The minimum wage was last
increased on the 24 of July, 2009 at the federal level. Some businesses, from small and medium-sized
operations to major corporations like Ikea, Costco, Facebook, and Amalgamated Bank have taken
steps to raise their wages well above the required minimum level. However, there can be grave
consequences that result from such drastic economic changes that must be considered, especially
when these consequences hurt the intended beneficiaries. The prevalence of wage theft can be
attributed to the failure of the Wage and Hour Division to enforce the right to a minimum wage. This
could include its effect on poverty, employment, small businesses, and the overall economy. It is
indispensable to increase the minimum wage, in order to restore its value. Here's Your
Complimentary Cheat Sheet for 2-13-2024. Those in favour of raising the minimum wages have an
approach that this can lead to lower turnover of employees in the organization and the employees
become more loyal. The enactment of the federal minimum wage law provided an appreciable
measure of relief to employees, who were now assured of at least 25cents an hour with a 44 hour
weekly work ceiling. You’ve reviewed persuasive essays and persuasive essay topics. Families will be
spending more on other items like clothing, vacations etc. The debate has been brought about since
many people are earning the minimum wage and are dissatisfied. The federal minimum wage law was
introduced in 1938. Labour Taxation and Employment: An Analysis with a Macroeconomic Model
for th. In the past inflation was eroded by increasing the minimum wage. Second, minimum wages do
a nasty job of targeting poor and low-income families. Question 3. Who would benefit from the
minimum wage increase. This duty was thrust upon the government with the establishment of the
Department of Labor's Wage and Hour Division. 16. Once the workers are no longer below the
poverty threshold, the government would save money on welfare payments and other savings that
would be good for the nation’s economic health. A person living on their own cannot survive on the
minimum wage job.
William Wascher of the Federal Reserve Board and David Neumark of the University of California,
Irvine in the book Minimum Wages, said that they found a 1 to 2 percent reduction in low-skill
employment for each 10 percent minimum wage increase (Rugy). Everyone should be able to afford
to pay for at least shelter and food and they are not able to because of the small amount they are
getting paid now. Just click on the Order button, provide details, and pay for essay when you are
ready. You can use essay samples to find ideas and inspiration for your paper. Romich, workers that
are being paid very little “demand a higher wage as a matter of fairness, calling minimum wage a
critical civil and human rights issue” (Romich). Our experts will write for you an essay on any topic,
with any deadline and requirements from scratch. Not only did I do research to back this up, but my
own middle-class family was interviewed just to see how I would affect them by asking them about
the wage increase. You can use our samples for inspiration to write your own essay, research paper,
or just to explore a new topic for yourself. The minimum wage in America must be raised in order to
stimulate the economy, thus creating jobs and reducing the poverty level nationwide. They’re major
breadwinners who need a higher minimum wage in order to keep their families out of poverty. This
will essentially lower the number of people going to college after high school and it would hurt our
economy because our work force would be full of workers with no post secondary education.
Minimum Wage In a perfectly competitive labour market, the equilibrium wage should be W1, where
labour. The outcome has been the inability of the Wage and Hour Division to properly enforce the
FLSA. However, this insidious practice is to be encountered all over the country. Even though by
increasing the minimum wage poverty may not be completely solved it will be greatly reduced.
Ambiguity in interpreting the provisions of the law and the absence of strong enforcement measures
have a negative effect on the success of the relevant law. To be clear public assistance will not be
gone; however, the number of help families will require will be reduced. In the year 2007, it was
envisaged that the proposed federal minimum wage increase would prove beneficial to a large
number of American workers. Because of the enormous potential to both treat disease and save lives,
embryonic stem cell research should not only be permitted but should also receive additional
funding. 30. Should pet stores be required to sell rescue animals. Due to impoverished families,
many students must pay for college out of pocket for a college degree or obtain loans. This is a very
controversial topic, because as I have stated, some people believe an entry level job, one that may
require no education past a high school diploma and no special skills should be getting the same pay
has some one who has more education and skills. When we increase the minimum wages for less
skilled worker, it means that we have started appreciating them, and it would be part of rewarding
and respecting the dignity they deserve. Many would say that is crazy, because how did they survive
with only being paid a quarter hourly. The debate of increasing the minimum wage is not new; it has
been on the limelight for quite some time. While it’s going to improve the standard of lifetime of
low-income employees, it still depends on the structure of the market. At the time of the enactment
of the Fair Labor Standards Act (FLSA), the minimum wage had been fixed at 25cents per hour.
According to a 2013 poll by Oxfam American, 66% of US workers are earning just enough amount
of money to “just meet” their basic living expenses. Another major difficulty faced by employers is
that their salary expenditure is generally projected a year in advance. The specific question that I will
be addressing is: What are the negative externalities to raising the minimum wage. An increase in the
minimum wage also benefits employers as well in the long run.
This data was made available by the Employment Policies Institute. 23. Living expenses are just too
outrageous to simply live on a minimum wage alone. It is a vicious cycle; it minimum wage is not
increased low-income individuals cannot change their circumstances. Even though some states have
higher minimum wage than others it still doesn’t help the workers rise higher than the poverty level
because the government increases the taxes and businesses increase their prices. Currently, many
people from working-class backgrounds would share housing with multiple roommates to lower the
cost. A few reasons could be having a record as a teenager, disabilities, and people being in a
situation where they can’t wait for employment, they must take what they can get. The first
minimum wage laws were enacted in New Zealand in 1894 but did not come to the United States
until 1938. The minimum wage in Canadian economic debate has been a long and widely held
debate between social interest groups and the ruling government for years. Those who cannot afford
life in large cities often paradoxically cannot afford a higher paying job. By continuing we’ll assume
you’re on board with our. Minimum wage refers to the least remuneration on a daily, hourly, or
monthly basis legally paid to employees by their employers. However, people that do not need this
legislation will be unaffected, showing that the impact is uneven across scales of employment.
However, several people trust that such increments can influence the economy and business though
this is often not factual. The part-time or full-time jobs that students are able to fulfill mostly pay by
minimum wage. As I was researching I fell upon an article that gave me hope that our nation and the
companies we work for are becoming better and more aware of how they pay their workers. The cost
of living is so high, especially in major cities such as New York, that it is nearly unbearable to raise a
family on a minimum wage income. Additional materials, such as the best quotations, synonyms and
word definitions to make your writing easier are also offered here. Economics is all about
understanding trade-offs and risks. This means that employers don’t have to spend a lot on training
and can focus on increasing profit. Legislators passed this depression-era law Their intent was to
establish a national minimum standard of living and stabilize the economy by regulating pay of the
poorest social class. A major benefit of this would be the generation of job opportunities, which in
turn would provide an opportunity to obtain experience that could prove to be of tremendous benefit
in obtaining higher wages in the future. Give me your paper requirements and I connect you to an
academic expert. It is also true that different states and cities in the United States would also be
affected differently by a universal wage increase. William Wascher of the Federal Reserve Board
and David Neumark of the University of California, Irvine in the book Minimum Wages, said that
they found a 1 to 2 percent reduction in low-skill employment for each 10 percent minimum wage
increase (Rugy). The main disadvantage with the imposition of a minimum wage is that the pay
relationships are altered in the pay plan. Analyze this data critically, considering different
perspectives and the quality of the evidence. We are committed to an inclusive environment where
everyone has the chance to thrive and to the principles of equal opportunity and affirmative action.
As we advance in technology people will be forced to understand and learn more. Currently it is at
seven dollars and twenty five cents which is too low in the current world today. The burgeoning US
economy makes it very difficult for the minimum wage earners to survive.
Employees are working very hard, long hours and are not receiving the pay that they need. The
federal minimum wage law was introduced in the year 1938. Though security cameras are a
necessary and valued part of society, strict regulations need to be mandated in order to maintain
citizens’ rights to privacy. 12. Should citizens be allowed to keep exotic pets. Another major problem
with college students are their student loans. Increasing the federal minimum wage can affect
poverty and wage disparity. Many people argue that the minimum wage is a standard that is. July 24
marked nine years since the federal minimum wage was last increased. There will be no need for
these food stamps when families can afford their groceries and necessities with their own cash, due
to a higher minimum wage. If the increase in productivity had gone hand on hand with increase in
minimum wage, then it would be twenty two dollars an hour currently. But if only a small
percentage of the poor will benefit from it and if it helps more people who are above the poverty line
than those below it, then it is not a plausible approach. A single-family has to make ends meet to
survive on a minimum wage job. I believe that Raising the minimum wage only solves the problem
partially. By continuing we’ll assume you’re on board with our. While it’s going to improve the
standard of lifetime of low-income employees, it still depends on the structure of the market. So as
you write your own thesis statement, consider your stance on the subject and how you might craft a
thesis statement that’s appropriate for your own essay. Evidence from Finland during the 1990s Who
Bear the Burden of Wage Cuts. It is also true that different states and cities in the United States
would also be affected differently by a universal wage increase. Regardless of whether minimum
wage fits into our free market ideology, leaders have an obligation to implement policies that offer
significant overall benefits to the good of its citizens, especially those in the most need. Taxes will be
less due to the decrease of poverty. In addition to a BA in English Education, an MA in
Composition, and an MS in Education, Susan has 20 years of experience teaching courses on
composition, writing in the professions, literature, and more. This means that employers don’t have to
spend a lot on training and can focus on increasing profit. In order for America to live up to its
expectations we need a raise in the minimum wage. Minimum wage refers to the least remuneration
on a daily, hourly, or monthly basis legally paid to employees by their employers. The first minimum
wage rule was 25 cents an hour that was set in 1938. Expanding the government, the lowest pay
permitted by law is one basic way this could be accomplished however it isn’t the main way. Over
one hundred thousand signatures were submitted by campaign manager Kristen Foster which
support the increase of minimum wage. The minimum wage was demonstrated on October 24, 1938,
after President Roosevelt scribble by the Fair Labor Standards Act. I am sure that it can take a toll on
someones pride, when they need the governments assistance to take care of their family, and raising
the wages and cutting back on the assistance could really help this issue. A higher minimum wage
not only increases the income of workers which is sorely needed to boost demand and drive the
economy but also reduces turnover, cuts the costs imposed on taxpayers by low-road employers and
pushes businesses towards a high-road, high-human capital model. A disturbing fact is that 40% of
the black teenagers are unemployed.