Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The Minimum Wage Law - Essay Example

Comments (0) Cite this document
The federal minimum wage law was introduced in 1938. It stated that the wages were to be adequate to ensure a standard of living that was essential for general well – being, efficiency, and health. The paper "The Minimum Wage Law" discusses the pros and cons of the enactment of this law…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
The Minimum Wage Law
Read TextPreview

Extract of sample "The Minimum Wage Law"

Download file to see previous pages This underwent a gradual but consistent decline, and by the year 2006, the minimum hourly wage could barely procure 2 gallons of gasoline. The minimum wage is not uniform across the states, and some of the states have mandated much higher minimum wages. For example, Washington obliges employers to pay $8.55 per hour.
A major issue relates to the fact the minimum wage, in real dollar terms; fell by 22%, in the period 1973 to 2007. During this time the profits of the corporate sector increased by more than 50%, which significantly increased the gap between the rich and poor.
In the year 2007, it was envisaged that the proposed federal minimum wage increase would prove beneficial to a large number of American workers. Approximately, 5.6 million workers are likely to be direct beneficiaries, with a 41% enhancement in pay. In addition, around 7.4 million workers are expected to derive an indirect benefit. All said and done, such benefit will be provided to some 13 million workers.
The chief beneficiaries of this increase in minimum wages will be adults, who constitute 79% of this group. Of these beneficiaries, women constitute 59%. This increase in minimum wage serves to benefit individuals as well as families. It is important to note that women constitute half of the minimum wage earners. Consequently, the economic gender gap is reduced substantially, due to increase in the minimum wage. Moreover, 1.2 million of these workers are single parents and most of these people are women....
Of these beneficiaries, women constitute 59%. This increase in minimum wage serves to benefit individuals as well as families. It is important to note that women constitute half of the minimum wage earners. Consequently, the economic gender gap is reduced substantially, due to increase in the minimum wage. Moreover, 1.2 million of these workers are single parents and most of these people are women.5 It is indispensable to increase the minimum wage, in order to restore its value. However, the federal minimum wage does not take inflation into account. As a result, the value of the minimum wage decreases with increasing inflation. In this situation, it is necessary for Congress to enhance the minimum wage suitably. Thus, we find that the federal minimum wage is a mere 31% of the average hourly wage. 6 The burgeoning US economy makes it very difficult for the minimum wage earners to survive. This can be attributed to the continuous increase in goods and services. Unlike other workers, who are provided compensation for inflation, the minimum wage earners do not experience any increase in their wages. This inequitable situation has persisted for a decade. Another issue that cripples the minimum wage earner is the increase in wage inequality, due to the decrease in the real value of minimum wages, consequent to an increase in inflation. 7 An increase in the federal minimum wage does not result in an increase in unemployment. This had been conclusively established in a study conducted by the Economic Policy Institute, for the period 1996 to 1997. Furthermore, several contemporary studies have clearly shown that the market had ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Minimum Wage Law Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved de
(The Minimum Wage Law Essay Example | Topics and Well Written Essays - 2500 Words)
“The Minimum Wage Law Essay Example | Topics and Well Written Essays - 2500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Consumer Protection Law in the UK

An exception to the clause is when the retailer can show: for good reasons he was not aware of the advertisement; the statement had been corrected prior to the conclusion of the sale; or the statement could not have had an influence on the consumer.4 OSL, in this case, was bound by the contract of sale which included the warranty advertisement unless OSL, in this case, Patrick the manager, could show he had no knowledge of the advertisement.5
In SOGA 1979 14(2) as to quality the court found in Rogers v Parish ( Scarborough) Ltd [1987] QB 933 found that goods must be fit for the purposes for which supplied and failure to do so leaves them unmerchantable.6 In Jim’s case, he purchased the racquet at £250, a considera...
11 Pages(2750 words)Research Paper

Canadian Corporate Business Law

This was done by virtue of a loan to Ashley in the sum of $300,000 providing Temper with a first mortgage against the suite.
Two politicians invest in Temper, Stefan di Yawn who invests $500,000 in respect of 500 Class A shares and Bob Eh invests $100,000 for 100 Class A shares. In order to secure these investments, the politicians take a security interest in Temper. Shortly after the company experiences some difficulty beginning with Angelina who is photographed spitting on the sidewalks which gets the attention of politician Hillary Squinton who ran her campaign on a clean sidewalks platform. She initiates action against Angelina by taking the matter up with Spitting on Streets Board chaired by Angelina’s boyfriend Br...
11 Pages(2750 words)Case Study

Family Law: Breakdown Of Marriage

In general, contesting a divorce is a difficult issue and grounds for divorce are generally allowed by the Courts. If one party makes a decision that the marital relationship is no longer working, the Courts are likely to accept this decision and grant the divorce.

While adultery is one of the important grounds for granting a divorce, John claims in this instance that he has not had an affair with Emma. Possibly, if this was the only issue at stake, he could have contested the divorce. However, there is also the additional issue of unreasonable behavior, which are also good grounds for the grant of a divorce. Isabel has made attempts to get him to see a therapist and has tolerated his depression and withdrawal during hi...
10 Pages(2500 words)Case Study

Applied Land Law, Contract Law and Tort Law

There seems to be a lack of consideration to accompany the subsequent agreement between the parties for ABC Ltd. to pay the extra ₤10,000. In essence, ‘consideration’ refers to something of value, in a legal sense, flowing from Grabit to ABC Ltd. so as to enable Grabit to hold ABC Ltd. to its promise to pay that extra amount.
Grabit will obviously argue here that they are indeed doing something of value to ABC Ltd by building the extension of the warehouse. However, the problem is that this building of the extension is exactly what Grabit was already contractually bound to do under the ₤200,000 fixed price contract. As seen from Stilk v Myrick1, the general rule is that the performance of an existing contractual d...
11 Pages(2750 words)Assignment

Organization and Functions of Federal Law Enforcement Agencies

Threats may either appear in the form of terrorism or from other intelligence groups or from the espionage. It may arise within the country, against the existing government or social systems. Though most of the federal law enforcement groups are investigative groups, they are not only focused on investigations but stand for the people. One can see that the importance of the federal agencies is growing day by day because the threats from militants and others have considerably increased. Such kinds of federal law enforcement agencies include Federal Air Marshalls, Secret Service, FBI, Untouchables, C.I.A and Federal Corrections etc. The organization and functions of these agencies vary in different fields and can be cited in the fol...
7 Pages(1750 words)Case Study

Company Law Issues

Various sections of the CA are coming into force over a staged process and the relevant provision relating to authority is sections 39 and 40, which came into force on 1 October 2007.

Section 39(1) of the CA provides that “the validity of any act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company’s constitution”

Additionally, section 40(1) provides that: “In favor of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorize others to do so, shall be deemed to be free of any limitation under the company’s constitution”.

Section 40 (2)...
9 Pages(2250 words)Case Study

Contract Law

This expression of willingness can assume several forms, such as a facsimile, letter, electronic mail or a telephonic message. The intention is an objective consideration and in the case of Smith v, Hughes 4 relevant consideration was deemed to be the manner in which a reasonable person would view intention. Furthermore, the law distinguishes between an offer and an invitation to treat. The latter is not an offer but merely an indication of willingness to negotiate a contract.

An instance of this is provided by the case of Gibson v Manchester City Council5. In this case, the phrase may be prepared to sell was held to constitute an invitation to treat and not an offer. Indeed, the Gibson decision challenged the tradition...
6 Pages(1500 words)Case Study

Constitutional and Administrative Law

When examining the decision of previous court comments that are made obiter dicta will not be part of the precedent since often obiter dicta comments are speculative remarks on how the judge might have acted if the facts had been different.

Binding precedents come from earlier case law and, as suggested in the wording, must be followed even if the judge in the present case does not agree with the legal reasoning of the judge in the earlier case. In order for a precedent to be binding the facts of the present case to have to be sufficiently similar to the earlier case. Decisions given in a lower court to the one in which the present case is being heard will not be binding. For a decision to set a precedent it must have b...
8 Pages(2000 words)Assignment

The Law on Physical Punishment of Children Fails to give Sufficient Respect to Childrens Rights

Under the English criminal law, several past and current legislations were made in order to protect the children from corporal punishment or becoming a victim of physical abuse. Despite our effort to prevent parents from using physical force in disciplining their children, the British Government remains unconvinced that the law which protects the children from physical punishment is sufficient (Keating, 2008). Physical punishment such as ‘smacking’, ‘slapping’, ‘kicking’, or ‘spanking’ is referring to the act of causing a degree of pain or discomfort to the child. (Niland, 2009, p. 6) With regard to the legal issues behind child protection against physical abuse, this study aims to d...
6 Pages(1500 words)Coursework

Analysis of Tourism and Hospitality Law Case

 The main issue that needs to be tackled first is whether there is a valid contract between Richard Brat, carrying on trade as Brighton Greens, (buyer) and Molly and Kelly trading in First Grade Granny Smith apples as Holy Farm.

Apparently, there was, when considering their verbal and written mail sent by Richard to Holy Farm on August 1 reading as follows –“Please deliver 20 boxes –Granny Smith ‘Brighton Greens’. Cheque mailed.“

It may be seen that the mail order does not specify the category or grade of apples to be supplied, but one of the implied conditions of sale could be that the goods ordered need to correspond with the goods inspected and tested.

In th...
8 Pages(2000 words)Case Study
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 The Minimum Wage Law for FREE!

Contact Us