Effects Of Minimum Wage In South Africa

“The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour (part of the Fair Labor Standards Act) and some states and cities have raised their minimum wage even higher than that.” minimum wage was first introduced during the great depression in 1930s. Before it was introduced thousands of people were forced to work in horrible conditions for pennies a week. Early attempts on minimum wage was ruled unconstitutional by the U.S supreme court, because it restricted people from deciding what they wanted to pay their workers. So employers still made there workers, work in horrible condition through the great depression. Now that poverty is a huge national issue. President Franklin D. Roosevelt made sure he would protect workers it was part of his mission as the president of the united states of america. After being reelected in 1936 he signed the FLSA in 1938. Which put into place a national minimum wage of 25 cents an hour. After the law was passed the minimum wage was changed almost every couple of years because the cost of living is very high. In 1997 bill clinton allowed states to make there own minimum wage. Today the minimum wage is 7.25/hour there is continuing debate over whether that 's a fair amount of money to support someone there days. Labor activists want the government to raise it while other point out the negative effects it would have on the

There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.

The minimum wage is not suitable for society because it is too low and due to this, employees tend to overwork with more than one job, which leads them to not be available for their families enough, and they are unable to make progress with this wage

The minimum wage is one of the most controversial issues on our country, which is United States has been facing last ten years. There have been never ending debates over this issue until the government, company, and others party stand together, and raise the minimum wage throughout the nations. There are communities that believe raise the minimum wage has negative impact of every sector of the country. Other communities have different beliefs over the issue, raising the minimum wage helps the poor people, and would help not hurt our economy.

Minimum wage is a highly controversial topic in the U.S. everyone would like to be paid a little bit more but do people even stop for a second and think about the consequences of raising pay. Economic failure, poverty increase, housing price increase, layoff increase, and hour decrease. There are also many more terrible things that are country can't handle if we were to raise the minimum wage.

People in society must work in order to make a living, whether they have a highly skilled job, such as nursing or even lower skilled job such as working at fast food restaurant, they all must work to sustain themselves and their family. Many people who work in these low skilled jobs, get paid much less than the higher skilled jobs, however there are laws to protect these unskilled works, such as minimum wage. Minimum wage is the minimum hourly wage that an employer can pay its employees, preventing employees being exploited by their employers. Changing the minimum wage has positive and negative effects for both the workers, and businesses which makes raising minimum wage controversial.

Raising the minimum wage is a false idea that millions of Americans have; people believe it will put more money in their pocket and will be making more money than he or she is now. This is a wrong accusation to make. The people wanting to raise the minimum wage is the people of lower income levels. If the government raises the minimum wage, the cost of living is going to go up, guaranteed. Many people think that raising the minimum wage will help kids pay for school, when this actually encourages them to drop out early in the pursuit of money.

Minimum wage is the least amount of money that an employer is legally required to pay an employee. It is something that all people in the American workforce know about. It was made to prevent the employer from taking advantage of employees. It is what creates the bare minimum standard of living for the 73.9 million hourly wage workers in the United States. However, there are many different jobs with varying amount of skills that are needed for those jobs. This is where the problem arises because a worker may still be under paid for the job that they do. This problem splits the population into two main groups, one that wants the minimum wage to be raised and another that wants the minimum wage to remain the same, or to even be abolished.

Minimum wage is at a drastically low number. It has been 9 years since the last raise in 2009. The minimum wage is way to low for people to live off of. Minimum wage is essential for businesses to have a starting pay that is enough for people to be able to provide for themselves and their family. America needs to make a stand to raise the wage. The minimum wage needs to be raised in order for people to provide for themselves, for the US to keep up with other world leaders, and in doing so it will only better the economy.

Minimum wage is the lowest wage paid or permitted to be paid (1). Americans have been debating raising minimum wage for years. The people that want the raise in pay believe that it will help workers who are not as qualified and need a salary they can support themselves on. The people who do not want the raise realize the damaging effects it will have on this country. These jobs do not require a great amount of skill so having a low pay is understandable. Minimum wage jobs were not created for people to support themselves and a family with. Raising minimum wage would hurt Americans more than help them because in the end prices of goods will increase and people will lose their jobs.

Changing the minimum wage is a common debate and many politicians argue if the wage should or should not be raised. The minimum wage is an example of a price floor and is the lowest legal wage that can be paid to many workers. With the increase in jobs, it is shown that more people will vote for those in favor of raising the minimum wage in the upcoming presidential election. I have to agree for I believe that an increase in the minimum wage is good for the economy. Boosting the minimum wage will help increase the consumer spending that stimulates our economy and that local businesses need to grow. Realistically, if the majority of voters think that the minimum wage is too low, then it will be raised. While some people think that the minimum wage should be raised, others do not. If more people vote in favor of keeping the minimum wage at the same rate, then it will remain at that price until the majority of the people vote in favor of a change.

“Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working” (S. Joseph). Today’s level of pay for the minimum wage is not the problem, and raising it is not the solution. Furthermore, the only thing raising the minimum wage would do is to increase inflation. Inflation will raise all of the prices around us. Prices of gas, milk, and other necessities will increase to a level of which the minimum wage cannot withstand; again, we will be forced to raise it. With that being said, the only two probable solutions are to raise the work hours of the employees, or lower the cost of living; however, this will only be a temporary solution, workers must strive for

Minimum wage is the amount of money that the government says is the least amount that a business can pay to an individual. The debate on raising minimum wage has been ongoing for a long time. In my opinion minimum wage should not be raised. If minimum wage was raised then there would be higher unemployment because businesses wouldn't be able to afford hiring someone. Raising the minimum wage would mean that the businesses will pay higher than equilibrium price and this means that there would be a surplus. Whereas if the price was below equilibrium price than it would cause a shortage. A business would have to increase the price of their products or services. This would be known as inflation. This would lead the unemployment rates to go up because

In this globalization era, as various countries see growth in their economy, there has also been significant differences in the wages set to employees in different countries. The lowest wages set by the law that are fixed to a particular amount which is also defined to be the price floor below which workers shall not sell their labor, has its own effects. The minimum wage law came into force as a matter of social justice amongst the low-wage workers, also to reduce exploitation and see that workers can afford the standard basic living expenses and necessities, not to increase the unemployment rate, indeed to increase the employment rate.

The wage rates are determined by Wage Councils constituted in accordance with Labour Institutions Act 2007. The wage councils consist of representation from worker, employee and independent experts. These members of this council are appointed for a period of three years and are entrusted with investigating pay and working conditions in any sector and to make recommendations to the Minister on these matters. Wages are determined for agriculture as well as general sector workers by the Agricultural and General Wage Councils constituted under the Labour Institutions Act. Based on the findings of the councils appointed, the minister will then set minimum wage rates. Similar to South Africa, minimum wages vary by occupational sectors, skill levels and geographical areas. The wage councils will take various factors into account when determining what the minimum wage should be. These factors are the needs of the workers, general wage levels of the country as well as the ability of businesses to carry