Nobody downloaded yet

Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Force By Providing A Livable Wage For Each Worker And Protecting Workers Fro Being Exploited By Their Employers - Essay Example

Comments (0) Cite this document
Summary
The minimum wage laws of the United States and in particular Wisconsin has always been the subject of debate in the media especially in talk shows such as Oprah where they examine minimum wage laws and its impact on people’s lives. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Force By Providing A Livable Wage For Each Worker And Protecting Workers Fro Being Exploited By Their Employers
Read TextPreview

Extract of sample "Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Force By Providing A Livable Wage For Each Worker And Protecting Workers Fro Being Exploited By Their Employers"

Download file to see previous pages Minimum wage laws are created to protect workers from being exploited, a lower minimum wage would mean those who make a little more than the minimum wage even if the wage is not enough for the worker to support themselves or their family it would mean that the worker is not eligible for any help or support from the government, it also means that those who are little above the minimum wage will have to pay normal tax rates further encumbering them while making them struggle to make ends meet (Wikipedia source,n.a) . In a recent film unveiled by Michael Moore in Cannes is his ‘Sicko’, which displayed many of the problems faced by those who are just a little bit above the minimum wage, the film depicts real people who are living on most of their paycheck but when they get sick or hurt hospitals would charge them a high sum of money because they cannot afford medical insurance. Because of this whenever any of the workers got sick they will heavily be in debt and most of the time they are unable to repay their medical debts thus furthering them into a vicious cycle until they are declared bankrupt and become homeless (Moore, 2007). From the statement above, it is clear that it should be proposed that the minimum wage rate should be increased to a level where at least those who are a bit above of the minimum wage are able to pay their taxes as well as be able to afford other things that improve a person’s quality of life, to be able to afford their medical fees, their children’s school fees, to be given paid vacations and last but not least, be able to have enough to save their money for a rainy day. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Essay”, n.d.)
Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Essay. Retrieved from https://studentshare.org/law/1541310-minimum-wage-laws-are-necessary-to-protect-the-future-of-our-labor-force-by-providing-a-livable-wage-for-each-worker-and-protecting-workers-fro-being-exploited-by-their-employers
(Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Essay)
Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Essay. https://studentshare.org/law/1541310-minimum-wage-laws-are-necessary-to-protect-the-future-of-our-labor-force-by-providing-a-livable-wage-for-each-worker-and-protecting-workers-fro-being-exploited-by-their-employers.
“Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Essay”, n.d. https://studentshare.org/law/1541310-minimum-wage-laws-are-necessary-to-protect-the-future-of-our-labor-force-by-providing-a-livable-wage-for-each-worker-and-protecting-workers-fro-being-exploited-by-their-employers.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Force By Providing A Livable Wage For Each Worker And Protecting Workers Fro Being Exploited By Their Employers

Minimum Wage

...to get a decent salary may not be fully committed to the organization. It is better for an organization to have more committed workers to increase its efficiency and productivity rather than having a huge workforce of unskilled or cheaper labours. Salary is the major motivating factor for the employees and therefore minimum wage will definitely motivate the workers more and thereby the organization will be benefitted. “Adults who currently work for minimum wage are likely to lose jobs to teenagers who will work for much less. Many adults trying to make a living are forced to work minimum...
4 Pages(1000 words)Essay

Minimum Wage

...the federal economy similarly to state-level scenarios. The Global Labor University provides information from many statistical studies and theorists in macroeconomics, coming to the conclusion that there are no broad systemic increases in employment that occur following minimum wage increases (Herr & Kazandziska, 15). Why is this? One problem can be shown by the Consumer Price Index, which measures inflation in certain industries and products in relation to pricing established for these goods and services. In 2012, the food sector saw mean increases in food at 2.3 percent (Bureau of Labor Statistics, 1). One of the largest household...
5 Pages(1250 words)Essay

Minimum Wage

...09 December 2006. Minimum wage Minimum wage is lowest wage legally permitted in an industry or in a government or other organization. Minimum wage isthe minimum hourly, daily or monthly wages that employees or workers must be paid by the company. Each company sets its own minimum wage taken into considerations country's laws and regulations. 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. Minimum wage increases as only a short-term benefit to the poor. Prices will quickly adjust... for this...
2 Pages(500 words)Essay

Labor Market and Minimum Wage

.... Any increase in the minimum wages makes employment seem more attractive than studies to those in late teens and thereby disturbs the equilibrium. However with the latest trend of changes in the labor market from traditional industries like production and manufacturing to more sophisticated ones like the service industry and those involving technical knowhow like computers and software controlled operations, which are more technical in nature, can affect the employment pattern as basic technical know-how will be essential to fill the gap. Thus better educated migrants may be more equipped in terms of their education to handle such jobs. Younger...
2 Pages(500 words)Essay

Minimum Wage Law

...in this apparent class struggle. Rather, it is the labor unions that provide the necessary political impetus to sustain their skewed characterization of the minimum wage. The conflict over the minimum wage is a struggle between labor and management without any regard for rational economics or the subsequent negative effects to the working class that it exists to serve. The minimum wage law ultimately extracts wealth from the lower classes by a variety of methods. It results in higher unemployment due to employers being...
12 Pages(3000 words)Essay

Minimum Wage

... as a result of coercion of employers to provide even the lowest skilled employee with minimum wage. This is even if they are not providing the necessary output required by the organization. This forces employers to avoid such workers, leading to unemployment across many quarters. It is about time that advocates and economists realize this, and bring an end to minimum wage. References Neumark, D., & Wascher, W. L. (2008). Minimum wages. Oxford: Oxford University Press. Taylor, J., & Weerapana, A. (2009). Principles of macroeconomics: Global financial crisis edition. New York: American Printing Press. Waltman, J. L. (2008). Minimum wage policy in Great Britain and the United States. New York: Algora Publishing.... Minimum...
2 Pages(500 words)Essay

Minimum wage

...in the creation of one new full-time-equivalent job in the current economy.” (Cooper and Hall). Considering this analysis, they conclude that an increase in minimum wage from the current levels to $10.10 an hour would result in extra employment opportunities of about 140,000 new workers. However, Jacob Mincer (1974) believed that there was no real evidence to suggest that an increase in minimum wages would lead to unemployment or create employment. (Mincer). Currently, for each job opportunity in the US, there is an unemployment of approximately 3.4 (Shierholz cited by Cooper and Hall). This is because...
3 Pages(750 words)Article

Minimum Wage

...floor today. The federal wage floor has lost nearly 5.8% of its purchasing power since its previous increase in 2009 (Gascon). Inflation is the root cause of this loss and the free market incurs this loss directly. Without a wage floor, free markets would not favor the exploitation of the low-wage worker. Instead, incomes echo the status of the economy, assuring that employment is at its maximum and not limited by an artificial floor (Elwell 1). Some wages might decrease but the general employment would increase and eventually raise the overall wealth of the economy. Employers know...
4 Pages(1000 words)Term Paper

Liquidity Effects in Corporate Bond Spreads Summary

1 Pages(250 words)Essay

Self-directed institutional change for the Oneida of Wisconsin

8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Minimum Wage Laws Are Necessary To Protect The Future Of Our Labor Force By Providing A Livable Wage For Each Worker And Protecting Workers Fro Being Exploited By Their Employers for FREE!

Contact Us