Minimum Wage : The Exploitation Of Workers

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.

The minimum wage was established in the United States by the Fair Labor Standards Act of 1938 at 25 cents per hour. These laws are broadly supported by the public. Congress enacted these rules to combat “labor conditions detrimental to the maintenance of the minimum standard of living necessary for health, efficiency, and the general well-being of the workers” (Sharp, 2013 p. 71). The purpose and intent of

The argument for minimum wage has remained remake consistent over the years. Some people are against minimum wage and the other think minimum wage can help you in a certain way. In the midst of the Great Depression, the Unites States federal government passed the Fair Labor Standards Act. The law has been amended almost every year to expand coverage of the wage floor and to increase the wage itself. Many of the fifty states have enacted their own minimum wage laws, some of them set even higher than the federal level. Minimum wage jobs don’t only help adults at hard times it help teenagers and college students. I learned that the proponents for minimum wage believe the raw value of one’s labor to a business

In the United States, the minimum wage was passed during the Great Depression in 1938 to protect the buying power of normal workers in a period in which the “unemployment rate was still a very high 19 percent” (Sklar, 2009, p. 1). Since that time, there has been significant debate about the controversial topic of raising the federal minimum wage. The federal minimum wage law was created to eliminate unfair practices of sweat shops and manufacturing companies during this time period. Thus, the minimum wage is defined as the smallest salary that an employer is legally allowed to pay employees for their work. Since the time of the Great Depression, minimum wage has been utilized to guarantee that employees are paid

The federal minimum wage was established in 1938 as a part of the Fair Labor Standards Act (FLSA). The FLSA established a number of constraints regarding labor including minimum wage, maximum work week, lowest employee age of 14, and other regulations. The federal minimum wage was “first established during the Depression, and it has risen from 25 cents to $7.25 per hour since” (Wihbey 1). The FLSA was established to protect the citizens and ensure a safe and fair workplace. Minimum wage was specifically included in the FLSA to ensure that employees would not be unfairly working for incredibly low wages. When minimum wage was first introduced to the US, it was determined to be “unconstitutional” in a court case. Since then, the wage has been adjusted for inflation about every 10 years.

Minimum Wage Minimum wage has plagued a majority of teens and young adults for years and has never truly let up on them. Minimum wage is a huge part of how Americans live our lives. Many sources used in this paper were U.S News Articles and get information from a chief economist. Minimum wage should be increased because people want to have better lives than they have now which means that they are really fighting big government reps because they need to get better support from people to help increase minimum wage for their own lives. Minimum wage affects many Americans and how they can continue to make a living or how they live their lives.

Research shows if minimum wage was to climb that it would hurt the least skilled and the least experienced people trying to seek a job the most. There are different of opinions people believe in about the positive and negative aspect of minimum wage. Supporters argue that such a boost will shrink poverty without plummeting jobs and that it will boost confidence, increase the normal living, and cut inequality and have businesses to be well-organized. Opponents that are not for minimum wage say it will increase poverty, unemployment and is not good toward businesses. The question about minimum wage and the effects it would cause if it was to rise, remains one of the most commonly studied topics.

Minimum wage is an ongoing debate in the United States. There are some people who think that it should be raised to a higher rate and others who think that it should not. There are many different pros and cons with raising minimum wage. Minimum wage is at a balanced rate that should not be raised due to lack of skill, low education, and economic problems.

I believe that minimum wage is a drawback for certain people. For the workers, it is simply an upgrade to their life. They get a larger pay, and might be able to draw back on hours. Say they used to get $7.00 an hour minimum wage and now they get $10.00 an hour. So if they worked 10 hours before the minimum wage was raised, they would get only $70.00, but once it was raised, they would get $100. So each week if they worked 10 hours a day, before the minimum wage was raised they would receive $490. But after the minimum wage they would recieve $700. To strech that even further, each year before the minimum wage was raised, they would receive 25,480 dollars. But when it was raised, they earned 36,400 dollars a year. But for the employers, it

The current U.S. Federal Minimum Wage is $7.25 per hour. In just two years from 2013, the demanded from advocates for raising minimum wage rose from $9 to $15. However, raising the minimum wage is more complex than simply raising the number of federal standard of pay for employees. Relative control groups and other market activities play a part in the outcome of the minimum wage. For example, one instance of market activity was observers said that raising the minimum wage did not hurt individuals; however, wages were raised during an economic downturn so the impact of minimum wage was masked by other activities. Federal Minimum Wage is pressing topic and it is important to consider the pros and cons to raising it, to ask what people and how people are affected, and to look further into the microeconomic theoretical framework of wages surrounding the topic.

In 1930 the United States passed a federal law controlling minimum wage. This has led to random increases in minimum wages. For more than a century minimum wage has been a key factor in public policy. Minimum wages were first used to prove against the idea of American factories being “sweatshops” (Josh Barro 01). Over time the minimum wage level has risen and fallen do to the progress of the economy. The amount of money earned from a minimum wage salary today is thought to not be enough to live a regular life (. "Four States Vote to Raise Minimum Wage." 01).

The United States is able to maintain a favorable economy without using minimum wage laws according to critics. Those who oppose the increase think that the country would be better without minimum wage laws. According to the opponents, this country does not need to force a certain amount on a company and the free market will set proper wages (Learning). The natural market is powerful enough to maintain a good economy. A jobholder should need to work hard for a higher wage. Over time an employee should earn more pay not have his/her boss be forced to pay a certain value (Arnstrong). Hard work will earn them the wage that they deserve. Many people will lose their jobs if there were a raise. This will happen when the companies have people who aren't able to provide that value that they are paying for (Learning). So, by increasing wage of people who simply don't deserve it, many people will lose their jobs. Increasing wages will cause higher unemployment rates. By forcing companies to pay more than the work is worth, people may actually lose their jobs (Arnstrong). If an employer has to pay each employee more they may have to let people go. Minimum wage does not help with unemployment. Minimum wage only affects people already in the workforce not the people who are looking for jobs (Learning). People searching will not be helped from increased pay. It also makes it harder for a young person

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 article that we are critiquing is aimed to assess the blow of increased minimum wage from $4.25 to $5.05 per hour in 1992 on the employees working in fast-food restaurants in New Jersey and Pennsylvania. The author has shown two comparisons in this study. The first comparison is the employment growth rates at the fast food stores in New Jersey and Pennsylvania, before and after the minimum wage raise. The second comparison is the change in employment rate from fast food stores (in both states) that pay higher wages initially to the lower wage stores. Krueger Card concluded that there was no indication or signs that the minimum wage increase, decreased employment