The Lowest Pay Should Be Allowed By Law

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 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.

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.

Nationwide government officials often wonder how this country is going to overcome unemployment, and the common misconception is through the provision of low wage jobs. By providing people with some source of income, congress believes millions will no longer depend on government aid. In actuality, however, providing minimum wage work is not going to solve such a drastic problem now, in the future, or at all for that matter. Minimum wage ($5.15), while serving at the socially acceptable pay standard, does not even compare with the nationwide ?living wage? of $10.18 (Ramisch). It is becoming increasingly more difficult to survive on such tragic wages, yet there is often little debate because it is money, and every little bit matters when it comes to paying bills.

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

increasing the minimum salary in the U.S; while looking out the underlying obstacle of the

James recalls a story of when he asked his supervisor for a raise stating that he was tired of being paid such low wages for his hard work. His supervisor, Phonse Bean responded with, “Really, by you doing so many jobs, it cuts you high-level pay down to lower pay, to medium grade. Actually, the way I got it figured, you 're fifteen cents overpaid now an hour. But I 'm going to give you a nickel raise-because I think you 're worth it.”

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

Presently, the citizens of the United States of America are involved in an impassioned debate over the federal minimum wage. As of October 5, 2016, the federal minimum wage is set at seven dollars and twenty-five cents an hour. There are numerous amounts of stakeholders when it comes to minimum wage. The three stakeholders mentioned in this essay will be Companies, Employees, and the Economy. In addition to the stakeholders, this essay will also dig into the history of the United States Federal Minimum Wage and see how it has progressed over the years and if it kept up with inflation over the years. With this information, society will see what an increase to the federal minimum wage will have on the United States economy and labor force.

For over a decade, many Americans have struggled with the low wage issued from employers, despite working very long hours of work. According to a study done in Oregon State University, a federal minimum wage was first set in 1938, starting at 25 cents an hour. Due to inflation that has occurred many times throughout the century, the call for raising minimum wage is to be immediately answered. However, the minimum wage falls when congress does not raise the minimum wage to keep up with inflation. Because of this many cities and states have departed from the minimum wage. In this essay, to be discussed is the reason why imposing a minimum wage above the equilibrium wage will reduce employment and contribute to an increase in the unemployment rate.

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

The problem in this dissertation is the obsolete federal legislations and policies encompassing low wages in the United States (US) (Hovenga et al, 2013). The controversy of low wages, has been an issue for several decades, which hinders low-income families from progressing in society. Throughout the history of the US, there has been multiple doctrines implemented for several statutes pertaining to wage compensation. However, some of these doctrines were implemented only for a certain period of time (Clain, 2012). During the 1960s, the federal government implemented two legislations, the Economic Opportunity Act and Civil Rights Act, which were established to improve the livelihood of low income families (Health & Human Services, 11/5/2016).

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.

“Paying your employees well is not only the right thing to do, but it makes for good business”-Jim Sinegal, CEO of Costco. Many of America’s employees are not being paid well, however, for the annual income of a full-time employee who works year-round is less than $16,000 (about $15, 080) according to the current federal minimum wage (Rebuilding). To put into retrospect how out-dated the federal minimum wage is, consider that the minimum wage of 1956 amounted to exactly $7.93 in 2009 (Henderson). How progressive is it that our nation’s workers being paid less today than workers from the 50’s? The federal minimum wage should be raised in order to assist families out of poverty, to ensure the effort and loyalty of workers, and

This is why businesses must cut jobs, if they cannot meet minimum wages at the very least, it is totally unfair, and