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Persuasive Essay On Minimum Wage Laws

analytical Essay
2312 words
2312 words
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The minimum wage law has been a part of the United States of America’s society for many years. The common, economically ignorant citizens generally accept the minimum wage as a helpful law that supports the lower, less fortunate end of America’s labor force. However, this “lovable” law that supposedly helps the poor is actually a political scheme that does the exact opposite. Because the minimum wage law forces companies to pay much more than they should per employee, companies logically and simply do not hire as many people as they would otherwise. While, of course, a few lucky employees are able to enjoy a higher wage, many willing could-be employees are not able to find jobs as a result; in other words, the minimum wage creates unemployment in poorer communities (Rothbard). One sensible person might ask, “Why is the minimum wage still being enforced today even though it is such a horrible law?” This perceptive question leads to a disappointing answer; the people that actively support the minimum wage act because of politics or simply economic ignorance. A minimum wage that derails the less affluent can positively affect those with larger wages and those in power. Therefore, the minimum wage is often used as a scheme for political and personal gain, despite the great amount of hurt that it causes to others (Vuk). In order to avoid unfair political advancements and unemployment to those who need it, the minimum wage should be outright eliminated; the market would work its own way through finding the right price to pay low-level employees. The minimum wage is often used in basic microeconomic courses as an example to explain relatively simple economic theories. Obviously, the fact that the minimum... ... middle of paper ... ...led workers rather than unskilled workers. As technology and other laborsaving methods increase, so will the number of skilled workers needed during times under the minimum wage (Dorn 1). It is important to notice that most labor unions consist of all skilled workers! So in a way, a few skilled labor unionists could be in direct competition against many unskilled workers. By pricing the unskilled workers out of the market, skilled workers win in the end (Block 231). All in all, the minimum wage poses many problems and creates unnecessary complications in society. It contradicts free market values and prices out unskilled or inexperienced workers by forcing employers to look for workers with higher productivities. The existence of the minimum wage is full of irony, contradictions, ignorance, and foolishness and should be destroyed as soon as possible.

In this essay, the author

  • Opines that the minimum wage is a political scheme that derails the less-affluent and creates unemployment in poor communities.
  • Explains that the minimum wage is often used in basic microeconomic courses as an example to explain relatively simple economic theories.
  • Explains that the minimum wage is a price floor because the market is not legally allowed to shift below $7.25 an hour.
  • Opines that without a minimum wage law, corporations would exploit their workers and pay them unbelievably low wages. there is illogic in this course of thinking.
  • Analyzes how the minimum wage is pricing out low-productivities in a society without minimum wages.
  • Opines that the minimum wage law causes many societal problems in america that are often overlooked. the most obvious problem is the hurt caused towards individuals that have trouble finding or keeping low-level jobs.
  • Explains that the minimum wage causes societal problems because it reduces the amount of productivity that is stimulated into the economy as a whole.
  • Argues that the minimum wage harms society by increasing seemingly unnecessary funds towards supporting the unemployed.
  • Analyzes how the minimum wage in america hurts the very people that it "intends" to help.
  • Explains that low-entry jobs teach people life skills and responsibilities that not everyone has the privilege of understanding. they compare college students and low wage recipients.
  • Argues that the minimum wage's harm to society is its contributory affect on the black community.
  • Analyzes the reasoning behind the minimum wage that the agreeing side proposes is absurd and illogical. the free market can take care of wages and salaries on its own.
  • Explains that the minimum wage is a criminal-like law, and that politicians can use it for criminal purposes in criminal ways.
  • Opines that the minimum wage is full of irony, contradictions, ignorance, and foolishness and should be destroyed as soon as possible.
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