Minimum Wage Should Be Raised

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This paper gives an insight on the debate whether the minimum wage should be raised to $10 an hour or not in the United States. There is a big debate in the United States regarding as to whether the minimum wage should be raised to $10 per hour, but before we go into details of the debate lets first understand what is meant by a minimum wage and how did it come into existence. A minimum wage is the lowest wage that is paid to workers by their employers, and the government legally sets it. A minimum wage is a price floor, workers are not allowed to sale their services below price, and the government legally sets the price (Neumark et al 2008). Although the minimum wage is put into effect in jurisdictions, there exist different opinions…show more content…
As time went on, the justice of peace, who was in charge of fixing the minimum wage began also to fix minimum wages which where formal. In 1604, King James i) formalized the practice eventually for the labor that participated in the textile industry. In the 19th century, the laborers statute was revoked as promoting capitalist England and embraced policies of laissez-faire, which were not in favor of the wage regulations regardless of lower or upper limits. During the 19th century, there were a lot of labor unrests and strikes all over the industrial nations. During the century, trade unions were legalized as an attempt to control wages collectively through agreements. However, this made it difficult to have a minimum uniform wage. According to the Principles of political Economy in the year 1848, John Mill Stuart argued that due to the problems that needed collective action, which were faced by workers in the organizations, it was the time to depart from the policies laissez-faire to regulating the hours and the wages of people by the law. In 1980s, Australia and New Zealand saw their first legislative attempts in modern era on regulating minimum wages. The movement was aimed initially on ending sweatshop labor and ensuring the sweatshops proliferation are controlled in the industries that are focusing on manufacturing. The sweatshops hired a large number of young workers and women whom they paid substandard wages. The owners of the
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