Dispute over Minimun Wage Essay examples

Dispute over Minimun Wage Essay examples

Length: 1288 words (3.7 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Introduction
Suppose a person classified as an adult working in a fulltime occupation, cannot afford to eat, afford to find a place to reside and can barely clothe themselves. Then I suppose the government of our age has broken their social contract.
Minimum wage is a disputatious issue because it is contested in an array and discriminatory audience. Minimum wage I believe is the epicenter of the economist’s sphere of interest as he in constantly in hot pursuit in finding its relationship with job loss.
President Bill Clinton’s administration proposed in 1993 that it had intentions to have an increase in the minimum wage in America. The liberals applauded the step in good faith whilst their conservative counterparts expressed grief emotion towards the new policy citing the gloom and doom that a minimum wage hike would further hinder the economic recovery that was underway at the time, economic and political rhetoric has often ruled the minimum wage debate (McKenzie, 10, 1994).
While many people and opponents of minimum wage say that labour supply and demand concerns with a legislated wage rate, one must also consider the facts not only the theory. Empirical evidence has shown over time that an increase in the minimum wage does not lead to further unemployment however it increases the standard of living for those people most vulnerable in society.
Clinton said “it is hard to raise a family on $4.25 per hour, we must make sure that the minimum wage is a living wage” (Norlund, 1997, 208)
The most impoverished in society, those with a lesser skill set often have access to “bad jobs at bad wages” (Card and Krueger, 47). Those are largely the marginalized in society who have to deal with terrible working conditions which find themselves...


... middle of paper ...


...g!
Minimum wage is one program that promotes active participation in the labour market. If we want the amount of citizens on welfare to decline, we must offer them a job that can pay a liveable wage.




Bibliography

Card and Krueger, Alan B. The New Economics of the Minimum Wage. Princeton University Press, Princeton University: 1995
Smith, Adam the Wealth of Nations 1798 (fifth edition, London: Methuen & Co., Ltd.)
Norlund, Willis, J. Quest for a Living Wage-The History of the Federal Minimum Wage Program Greenwood Press, Wesport Connecticut: 1997
Department of Labour Webpage (www.dol.com) 1999
McKenzie, Richard B. Times Change Pacific Research Institute for Public Policy, San Francisco: 1994
Marx, Karl. The Communist Manifesto. Chicago: Henry Reginery Company, 1848/1954
Burger P, Fourie F How to think and reason in Macroeconomics, third edition, Juta Books

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

A Higher Minimum Wage May Help Workers Essay

- 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....   [tags: politics, minimun wage]

Strong Essays
1260 words (3.6 pages)

Effects of Increasing Minimum Wage Essay

- The idea of having a federal minimum wage is a good one. The idea is to protect low and unskilled workers from discrimination and allow all workers to earn a living wage. The recent debate on the floor, though, is whether or not to raise the minimum wage from the current $7.25 per hour up to $10.10 per hour. President Barack Obama made this proposal during his annual State of the Union Address on January 28, and following this there were many hot debates about it. The debates focused not only on the advantages and the disadvantages of increasing the minimum wage, but also the alternatives to increasing it....   [tags: federal minimun wage, unskilled workers, wage]

Strong Essays
987 words (2.8 pages)

Essay on Minimum Wage And The Wage

- Introduction Minimum wage was established state wide in 1938 by Franklin Delano Roosevelt; at that time it was only 25 cents which is equivalent to 4 dollars in today’s world. It was established as part of the Fair Labor Standards Act which covered youth, government and overtime pay. Massachusetts was actually the first state before Franklin’s statewide acknowledgement, and it only covered woman and children without overtime. There are lot of issues with minimum wage now such as setting a statewide minimum wage to $10.10, which does not benefit places were living is expensive such as in New York....   [tags: Minimum wage, Employment, Wage]

Strong Essays
2449 words (7 pages)

Minimum Wage Is Not A Living Wage? Essay

- The Minimum Wage is Not a Living Wage Anymore Should we have the minimum wage rise. Nowadays, many people argue that we should increase the minimum wage because we haven’t had an increase since 2009. People who are living on the minimum wage struggle a lot raising their families. (Webster) Minimum wage means the lowest daily or monthly remuneration that employers may legally pay to workers. On the other hand living wage means the minimum amount that a worker must earn to afford his/her basic necessities, without public or private assistance (Webster)....   [tags: Minimum wage, Wage, Living wage, Poverty]

Strong Essays
1295 words (3.7 pages)

The Minimum Wage Is Not A Living Wage Essay

- The Minimum Wage Is Not A Living Wage The cost of living can become very expensive and with these expenses, money is necessary. By raising the minimum wage, living expenses could be less of a financial crisis for families. A higher minimum wage would also supply families with more ease because the struggle of making ends meet would be less. This paper discusses the advantages of a higher minimum wage, why it is necessary for those who live in, or are very close to living in poverty, and the shortcomings of the current minimum wage....   [tags: Minimum wage, Living wage, Wage, Employment]

Strong Essays
1535 words (4.4 pages)

Essay Living Wage And The Minimum Wage

- The living wage is more and more being called a movement because the current federal minimum wage laws does not provide enough money for an individual that works a full time job to be able to support a family. Making them feel like they should not have to raise a family in poverty. Across the United States there are efforts to provide what is called living wages for workers which began with requiring all employers to pay at least the minimum wage to its workers that is equal to the living wage for the area (City/State) they are working in....   [tags: Minimum wage, Living wage, Employment, Wage]

Strong Essays
1054 words (3 pages)

Minimum Wage And The Wage Essay

- Minimum Wage, Is How Much. Minimum wage is the lowest wage someone can be paid that is permitted by law per hour (“Minimum Wage”). The Federal minimum wage was created in 1938 by President Franklin D. Roosevelt starting out at $0.25 per hour. The Federal minimum wage is now set at $7.25 which was put into effect on July 24, 2009. The minimum wage has been set at $7.25 an hour for more than seven years. Some people think that the minimum wage should stay the same and others think that it should be increased....   [tags: Wage, Minimum wage, Supply and demand]

Strong Essays
1197 words (3.4 pages)

Minimum Wage And The Wage Essays

- The federal minimum wage became a law in 1938 and the first minimum wage started at .25 cents. Over the past years, the minimum wage has seriously changed because of the power of economy. In 1948 the minimum wage was starting with 3.09 to 8.67 dollars an hour, however, in 2013, the average was 6.60 dollars per hour. As the decades past, this amount of money was changing dramatically till today, which is 7.25 dollars an hour as shown in the graph below. That being said, today’s minimum wage is more than the minimum wage has historically presented, although it remains over a dollar an hour below its historical high....   [tags: Minimum wage, Employment, Wealth, Wage]

Strong Essays
1164 words (3.3 pages)

Minimum Wage And The Wage Essay

- In order to keep the economy from fluctuating too far from equilibrium, the federal government sets price floors on goods and services. This tool known as a price floor initializes a minimum wage at which laborers can sell their labor to employers. Typically, the minimum wage depends on rising or falling productivity. It also reflects the inflation rates and the average income needed to reach the standard of living. Standard of living is thought to be improved with a minimum salary; making the average level of comfort and self- sufficiency easily obtainable....   [tags: Minimum wage, Wage, Employment, Unemployment]

Strong Essays
1051 words (3 pages)

The Minimum Wage Essay

- "The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years." -- John Raese For many years it has been a matter of conventional wisdom among economists that the minimum wage causes fewer jobs to exist than would be the case without it. This is simply a matter of price theory, taught in every economics textbook, requiring no elaborate analysis to justify....   [tags: Minimum Wage Research Paper]

Strong Essays
3664 words (10.5 pages)