Essay On Minimum Wage In Australia

National minimum wage is the lowest wage per hour which an employee is eligible to in the UK. The national minimum wages are changes yearly by the Government of UK. The national minimum wage is different to all workers at different ages. For example; for Apprentice wage is £3.50 per hour, Under 18 wage is £4.05, 18 to 20 wages is £5.60, 21 to 24 wages is £7.05 & finally 25+ wages is £7.50. UK is formerly at the highest amount in 15 years when referring to minimum wage per

Minimum wage has caused controversy throughout history between the two parties in government, the Democrats and Republicans, debating if they should increase minimum wage or not. Minimum wage was first established during 1938 under President Franklin D. Roosevelt (Sessions). The first act to enforce employers to pay its employees is the Fair Labor Standards Act which followed the Social Security Act (Sessions). Minimum wage started as twenty-five (25) cents per hour which doesn’t seem like a lot, but it was at that time (Sessions). The United States tended to raise the minimum wage when the standard of living changed. Since 1938, two other amendments were created to increase minimum wage laws even more. By 1961, minimum wage raised to $1.15 with another increase in 1963 (wages). Since the 1963 wage change, minimum wage created a trend of increasing yearly or every other year (Wages). From 2007 to 2009 minimum wage increased each year making the current minimum wage $7.25 (wages). Sine minimum wage has been established, Congress has increased minimum wage twenty-two times (22) (). Since minimum wage is supposed to change when the standard of living changes, then why hasn’t the United States government changed it since 2009?

The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.

The first federal minimum wage mandated by the government was in 1938. When the first minimum wage became law in 1938, it was set at just 25 cents. Today, the federal minimum wage mandated by the government is set at $7.25 an hour. “Many states have their own set minimum wages, which are currently above $7.25 per hour already. Currently, 29 states and the District of Columbia (D.C.) have minimum wages above the federal minimum wage of $7.25 per hour. D.C. 's new wage of $10.50 an hour makes it the first jurisdiction to cross the $10 threshold among the states,” (Halvorson). The last time that the federal minimum wage mandated by the government was changed was over 8 years ago. “The last time Congress voted to raise the minimum wage to its current rate of $7.25 an hour was on May 24, 2007. Since then, the cost of life 's essentials has shot up. Groceries cost 20% more, a gallon of gas costs 25% more, and average tuition at a community college increased 44%. But the minimum wage remains at

Now the question is what is minimum wage. “An amount of money that is the least amount of money per hour that workers must be paid according to the law” (Merriam Webster’s learner’s dictionary). According to United States department of Labor “The federal minimum wage for covered nonexempt employees is $ 7.25 per hour effectively July 24, 2009” (Department of labor/ Minimum wage).

The issue of the minimum wage has recently come to the forefront of the debate on social policy. There is much disagreement over the wisdom of an increase in the minimum wage in the current fragile economic recovery. Some argue that a dramatic increase is what is needed in order to lift the standard of living for those in the bottom of the economic pyramid. Economists reason that the basic principle of supply and demand mandates than an increase in the wage would result in the loss of available jobs. Small businesses maintain that it would spell their doom.

Throughout the United States, minimum wage is approximately $7.25 per hour. An individual who is working a 40-hours per week will make $15,080 per

A. Since July 24, 2009, the federal minimum wage has been $7.25, but as of 2016 the living wage – the hourly rate a single person must earn to support themselves or their family – is quite a bit higher.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the benefits for an increase, then the disadvantages, and in the last paragraph, I will

Raising minimum wages is a contestable issue because it is debated in wide and varied audiences. Minimum wage is near the top of economists’ interest; they are looking for the connection between low wages and poor job markets. Each country sets its own laws and regulations regarding wages. For this reason, it has significant importance to policy makers and workers in each of those respective countries. Social activists have also found interest in the topic due to the fact that those who earn a minimum wage tend to come from poor minority families. Furthermore, the average American should have the strongest interest in the conversation because most citizens have been paid a minimum wage at some point in their life. Due to this fact, the idea of a significant federal minimum wage increase in America is open for debate specifically to rejuvenate the job industry, improve living conditions for citizens, and strengthen the economy as a whole.

The most recent update to the federal minimum wage was in 2009, when it was raised to $7.25 an hour. Note that 29 states have a higher minimum wage than the federal rate.

Minimum wage is the lowest legal a person can pay for labor. This amount of pay is determined by the country’s government. Currently, the minimum wage in the United States as a whole is $7.25, but in California minimum wage is at $10.00 statewide. One country that has a minimum wage is Canada. Their current minimum wage rate is $10.01 as of 2016. The reason they have a current minimum wage is because this rate either adjusts of increases based on the average of the percentage change in the Consumer Price Index (Gov of Canada). This helps the people of Canada because of the wage on average increases with consumer demand and intake.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the

Critically speaking minimum wage increases poverty and unemployment and thus damages to business at times. However, despite its drawbacks, minimum wages has some benefits too. In this essay the comparison of minimum wage of between the two countries; United States of America and Australia and the benefits of the minimum wage will be under discussion.

The national minimum wage was introduced in the UK in April 1999 by the Labour government. Essentially it formed a major part of their manifesto as it convinced the average population that Labour were beneficial for everybody. However, they would argue against classical economics and suggest there are wide spread benefits to be gained. The main argument is that the NMW would alleviate poverty across the country.