It was a blessing to banking organizations and leading industrialists. This is because they managed to make a lot of money from the revolution. However, the industrial revolution was a curse to the millions of uneducated…
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These were the first laws to recognize the overtime pay policies, eight-hour workday, and minimum wages for workers. A century later, there has been a lot of criticisms on the impact and effects of these minimum wages in America. Ehrenreich (3) argue that “minimum wages is a contributing factor to inflation, unemployment, and high prices”. On the other hand, other people believe that minimum wages play a role in protecting the rights and welfare of workers.
Ehrenreich (1) is one of the people who argue against the establishment of minimum wages. She argues that by creation of a minimum wage, the government and business organizations are exploiting the society. This is because the minimum wages established by the government cannot help an individual to live comfortably in the society (Ehrenreich, 16). For example, the current minimum wages in United States is 7.50 dollars per hour. Ehrenreich (7) explains that this amount of money is very little, and it cannot make a person to live comfortably in any States, within America. For example, this amount of money cannot pay a nice two bed roomed house in United States. This is for an individual who is working for about 40 hours per week. Ehrenreich (17) argues that the “group of people who are vulnerable, and greatly affected by this concept of minimum wages are single mothers”. These are women who are alone, and they are forced to carter for the need of their children. The 7.50 minimum wages is not sufficient to help these women carter for their needs. It is because they lack time to seek other works, or work for overtime, for purposes of supplementing their incomes.
This is because they have to carter for the needs of their offspring’s, and hence they are forced to leave work early. In fact, Ehrenreich (12) explains that “most employers normally complain that the major problem they
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At first sight minimum wage seems to be helping the employees; however there are many controversies associated with minimum wage. Proponents argue that minimum wage would prevent employers from exploiting the employees and it will help the employees to reduce their poverty level and increase their living standards.
The reason to create the changes is remove many financial barriers which are plenty in the system that is available. The rationale of the system is to ensure that there are returns from works done and so to encourage people to see that work is the main outlet from poverty.
From a microeconomics perspective, there is enough supporting evidence that minimum wage increases maintain negative outcomes to the economy. In similar accord, thinking from a macro perspective, minimum wage increases create similar negative economic conditions.
The New Deal legislation that had the ideal of providing a living wage for all workers has gone unfulfilled, as the wage is still far below the federal standard for poverty. However, advocates of the law argue that it does give the worker some level of protection against the exploitation of greedy businesses.
Almost all the countries in the world have similar kind of minimum wage laws and legislation.
Minimum wage legislation may be interpreted as making it either unlawful for employers to pay workers less than the minimum wage, or unlawful for workers to provide labor or services for less than the minimum.
As such, individuals operating such daycare centers face diverse challenges and they ought to overcome them, in a bid to run their affairs smoothly. Such challenges include funding and space. This manuscript will mull over
However, this is an issue that must be addressed in a serious way. The only problem with increasing the minimum wage is the fact that this is a blanket decision and covers all kinds of employers from the biggest multinationals to the smallest startups. Minimum wage
The minimum wage has been at a constant level of $7.25 an hour for a long time, which necessitates a need for review. It is noteworthy that employees who earn the minimum wage are usually teenagers and young adults trying to kick-start their
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