Performance-Based Pay

During all the history of minimum wages a bunch of studies were made to analyse the effects that the minimum wage changes can bring to employee’s life. In the oldest studies, the institutions that worked on it couldn’t find a significant change on the employees, job searches and employee’s behaviours. The only fact that was noticed was the

The controversy over what to establish as the official minimum wage in the United States has been debated and argued over for many years. Due to inflation, the gradual increase of pricings due to a saturation of printed currency, the minimum wage for workers has to be increased in order to compensate for the ever-fluctuating value of the U.S. Dollar. Many today are rising to the conclusion that a minimum wage of fifteen dollars an hour is necessary. This motion is designed to keep those who have minimum wage income out of poverty and to increase the amount of money in the consumer’s pocket overall. However, this particular increase in minimum wage will lead to the inevitable downfall of the United States’ economy and be a catastrophe for the working class.

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.

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).

Minimum wage is one of the biggest issues facing American society today. The government has been involved in the minimum wage of workers for more than a hundred years, so government and people have debated about what should be the minimum wage that would advantage the economy and society in total. But unfortunately, after a long time arguing about this problem nothing change and the American worker and breadwinner are still struggling with their income, so the big problem for the American society at present is the minimum wage that needs to be resolved and not forgiven, as the community is now witnessing. However the United States of America is the most powerful country in the world, but which has not respected people’s social issues for

Initially the minimum wage law was introduced to reduce poverty and inequality. Proponents of the Minimum wage do believe that these laws attain to these objectives. They do guarantee that the workers at the bottom level of the pay scale are being treated right and don’t get underpaid as the result of the belonging to a particular race or sex. They also guarantee that the workers are receiving a reasonable compensation from the employer (Cho, n.d.). The proponents of minimum wage also believe that it may have a positive reflection on the work ethics of the low-pay workers, thus it may benefit employers. It is also might encourage more people to join the workforce instead of trying to gain earnings by the means of unlawful methods, such as prostitution, selling narcotics

Minimum wage was created in the year of 1938 with the pay of twenty-five cent an hour. Minimum wage was created with the intent to support the minimum of living and limit the severity of poverty. The national minimum wage rate is seven twenty-five per hour. There are opposing sides in the debate to raise minimum wage. The debate for raising minimum wage is apparent. “Economists argue about minimum wages” by the Economist and “The argument against raising minimum wage” by Huppke, each have important information and details pertaining to the argument. The raising of minimum wage may in turn

With President Franklin Roosevelt’s cries for “A fair day’s pay for a fair day’s work,” the Fair Labor Standards Act established minimum wage in 1938 (Grossman). Overtime, the minimum wage has been raised in order to account for inflation (BLS 14). However, what the overall economic impact of raising the wage will be is once again a daunting and extensive question. The controversy over raising the minimum wage seems to come from often conflicting economic opinions. While raising the minimum wage is done with good intentions, critics argue that a higher minimum wage will harm those it is actually trying to help. Raising the minimum wage, while a controversial issue, will have an overall economic impact that reaches not only minimum wage

In the United States, the minimum wage has been a controversial issue and one of the major debates among politics over the years. Leaders in both the House of Representatives and the Senate have discussed some possible advantages to raising the minimum wage along with the possible disadvantages of an increased minimum wage. Members on one side of the debate believe raising the minimum wage could hurt America’s lowest income workers and small businesses, while people on the other side believe the current minimum wage is not a living wage – therefore needs to be raised. In this report, information on both sides of the debate has been considered. As John Stuart Mill (One of the most influential thinkers in the history of liberalism, he contributed widely to social theory, political theory and political economy) once said, “The only way in which a human being can make some approach to knowing the whole of a subject, is by hearing what can be said about it by persons of every variety of opinion, and studying all modes in which it can be looked at by every character of mind. No wise man ever acquired his wisdom in any mode but this” (Mill 12). In this report, we will look at a short description and history of the United States’ minimum wage policies. In addition, we will discuss the status of the minimum wage and present the arguments for and against raising the minimum wage. Research involving minimum wage increases have proved that the minimum wage is an ineffective antipoverty tool. Studies also show that replacing the minimum wage with an expanded Earned Income Tax Credit would be much more effective (Sabia). While, members on both sides of the debate have strong arguments, the United States government should repeal, replace, and redefine minimum wage to reduce poverty among low-income workers and help America’s small businesses succeed.

The problem addressed in this dissertation, is that the minimum wage in the United States (U.S.) significantly impacts the quality of life of millions of citizens. The current wage levels, limits low income workers’ ability to meet basic necessities. Despite the economic arguments against increasing the minimum wage levels, it is not practical for low income earners to endure a poor quality of life. Although, the impact of increasing the minimum wage, will increase the supply of labor, while decreasing the demand for it. However, the effects of low wages, impacts the economy, and policy makers have to recognize the short and long term consequences. While policymakers decide on whether or not to increase wages, the low income workers are held

The topic of whether the minimum wage should be increased or untouched has been a hot topic in the political life lately. The federal minimum wage was first introduced in 1938 at .25 cents an hour by the Federal Labor Standards Act (FLSA) to reduce underpaid workers and increase families under the poverty line. President Obama addressed Congress with the rise of fifteen dollars an hour as the federal minimum wage, but it was never passed or put into law. Due to this address, the controversy has risen to an all-time high. The advocacy or this issue has risen, and government administration is stuck not knowing how to solve the issue. The positives and negative hold each other hand in hand causing a great dilemma. Raising minimum wage creates the question of whether or not it could help poverty dissipate, and in reality,

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 Pay for Performance incentive program is a new program being implemented across the United States to measure the quality of care within health care organizations. There are both positive and negative aspects of the Pay for Performance program that are based on information received from organizations who have implemented the program within their organization. The regulations the Federal Government has developed requirements for hospitals who serve Medicare patients as well as establishing four metrics that are used to measure the quality of the employee. Employees who work at an organization are given the opportunity to opt out of the Pay for Performance incentive program. This gives the employee the ability to make decisions on their income potential. Pay for Performance is a new aspect of the health care industry and will be used within the industry to measure quality of employees for the foreseeable future.

Many researchers believe that minimum wage does not always have an inverse relationship on employment. This report aim is to discuss the negative relationship between minimum wage and employment. The minimum wage can be defined as an active labor market policy instrument, used by governments around the world to set a wage floor. It mostly leads to structural unemployment since minimum wage is sectorial, that is every sector have a different minimum wage from the other i.e. the minimum wage for taxi drivers is 3,218/month while the minimum wage for domestic workers is 2,230/month (Wage Indicator, 2016: 1).

There are several problems that led to the institution of the minimum wage laws in many states. One of the problems was low living standard among the unskilled population in many countries caused by the inadequate salaries that organizations paid the unskilled workers (Hansen& Machin, 2002). The low-income made these people languish in poverty as they could not meet the three basic needs that are food, clothe and shelter. Increasing income to these persons would also lead to economic growth as there could be an increase in money exchange. The government also wanted to solve the problem of inequality in the wage distribution between the skilled and the unskilled workers. Organizations paid their skilled employees high salaries as compared to the low salaries paid to unskilled ones such as cleaners, security personnel and