Minimum Wage - 1943 Words

Rachael Lawless Ellingson ENG#101-21202 Rough Draft 22 November 2011 No Title Yet Minimum wage has been a continuing matter since its first establishment, and it is something everyone faces. Though, the recurring problem being brought up again and again is the issue of being underpaid, and is the set minimum wage fair? And will raising minimum wage be more beneficial or harmful in the long run? Through its history can society better understand and find a solution to this problem. Minimum wage was not instituted in the United States until the 1920s, and the idea of wages being determined by the hour was introduced in the 1930s. The Fair Labor Standards Act was born and passed through the Supreme Court in 1938, as well as the Wage and†¦show more content†¦For instance, â€Å"creating lower minimum wages for students and new hires could preserve jobs† as â€Å"the student minimum wage would permit employers to hire season workers without bearing the full cost of adult employment† (Hicks). It is also suggested that after employed un skilled workers work for â€Å"more after 90 to 120 days of employment†, they can gain a paid more than from when they started working. This policy could spare the training of those unskilled workers by other employee. These recommendations suggest that instead lowering minimum wage for full-time and long-time employers, lowering the rate for students and new employees and sparing the employees from training unskilled workers could essentially save a company money, while establishing a fairer work environment. A solution that workers themselves can implement, is improving their skills in the work force and outside of their working environment. â€Å"After improving skills, minimum-wage employees receive raises at a rate nearly six times higher than everyone else† (Berman), which means that if employees were to improve on their skills inside the work force and outside the work force, such as reading or showing up for work in a timely manner, and it shows in their work, they will be paid more and given raises due to their quality of work becoming more refined. A company will want a skilled worker, and will be more willingShow MoreRelatedMinimum Wage And The Wage916 Words   |  4 PagesEliminate the Minimum Wage Darity Has described minimum wage as: â€Å"Minimum-wage legislation has been to improve the terms of employment of the least-fortunate wage earners.† (Darity) Since the beginning of minimum wage laws in 1270 France the intentions of minimum wage legislation has been good. The idea is that a worker is worth a certain amount regardless of the work they are able to do. One can see how this could create inefficiencies in an economy. The law was meant to help poor families.Read MoreMinimum Wage And The Wage Essay1208 Words   |  5 Pages Minimum wage requires paying every employee a specific wage regardless of the employee productivity. It is the responsibility of the government to set the minimum wage. To understand this, a biology analogy can be used: some animals are stronger compared to others. In economic perspective, some people are relatively unable to deliver compared to others. Among them include, disabled, unskilled, and the youth. Due to their low productivity, th ey are entitled lower wages corresponding to their effortsRead MoreMinimum Wage And The Wage Essay1728 Words   |  7 PagesRoyer Political Science 120 7 November 2016 Increase Minimum Wage Introduction The United States’ minimum wage has been a concerning issue amongst the low wage earners because of the amount they earn is not enough for them to live on their own. Therefore causing the citizens who earn minimum wage to have an impossible time finding a place to stay and expenses for daily survival. Increasing the minimum wage will solve the issues that the minimum wage earners make, thus increasing the chances of survivalRead MoreThe Wage Is The Minimum Wage1098 Words   |  5 PagesEnglish 9 6/5/16 â€Å"The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour (part of the Fair Labor Standards Act) and some states and cities have raised their minimum wage even higher than that.† minimum wage was first introduced during the great depression in 1930s. Before it was introduced thousands of people were forced to work in horrible conditions for pennies a week. Early attempts on minimum wage was ruled unconstitutionalRead MoreMinimum Wage And The Wage1437 Words   |  6 Pages Minimum wage was established on October 24, 1938 after President Roosevelt signed the Fair Labor Standards Act. (Grossman) Minimum wage was set to allow working class citizens an opportunity to work a reasonable amount of hours for pay that would enable individuals to maintain a minimal quality life. In today’s economics minimum wage is used as a price control or price floor that the government enforces. A price floor is a minimum price for a product or service above the market’s equilibrium priceRead MoreMinimum Wage And The Wage1269 Words   |  6 PagesMinimum Wage There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower thanRead MoreThe Wage Of The Minimum Wage871 Words   |  4 PagesWith the presidential elections right around the corner policy on minimum wage has come up for debate once again. William Hoar from The New American argues in his article â€Å"Misguided minimum wage mandate† that raising the minimum wage will only result in loss of jobs. According to the editorial board at USA Today, â€Å" inflation adjusted income of the top 1 percent has grown by 58 percent and the remaining 99 percent has only gr own by 6.4 percent†. They then state that a raise to 15 dollars an hour onlyRead MoreMinimum Wage863 Words   |  4 PagesMinimum wage is a controversial topic because everybody wants more. People want more money and some think that just increasing minimum wage can increase more money that they get. However, this is far from the truth as sometimes employers can’t pay their employers more than minimum wage. Not to mention that if the minimum wage goes up so does the price of everything else in order to adjust for the new price. So essentially increasing the wage majorly does nothing except maybe lower the value of yourRead MoreMinimum Wage and Its Implications763 Words   |  3 PagesMinimum wage affects everyone. The current minimum wage is at $7.25 and President Obama announced that he wished to see a change in the minimum wage, he wants to raise the hourly wage to $10.10. A rise in the income of those who are employed will also raise the cost of hiring unskilled lab or and can potentially reduce the number of people hired by businesses. Also, if minimum wage is raised then the price of the products that the companies are making might increase which will continue the cycle ofRead MoreMinimum Wage And The Wage1639 Words   |  7 PagesMinimum wage is one of the many microeconomic policies that serve to correct imbalance in the economy. It is defined as the lowest amount of remuneration required of an employer to pay his employees during a given period of work. There exist different laws in different states that can fix the minimum wage policy. A current economic issue is minimum wage, or specifically, its pertinence to social inequality. Many sectors of society would be affected by changes in this policy. Minimum wage relies on