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The systems follow certain common practices where workers are oppressed in several ways. The most usual among them relates to minimum wage. At times, lack of…
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Download file to see previous pages As such, a system that places this wage amount becomes necessary to make the American dream achievable for all. This paper outlines the essence of minimum wage in the society.
The minimum wage system is essential for both companies and their employees since it regulates the rate of income earned. In this case, it ensures that there is a particular limit in relation to the amount of money that employees can be paid. In addition, it sets the amount and the period within which the wage can be increased as it is relevant for the private and public sectors (Verderber, Verderber, & Sellnow 374).
Most people may ask: What is the essence of work? It does not make sense when an individual works so hard, but gains nothing substantial in return. People search for jobs for the basic reason that they want to cater for their needs, fend for themselves and their families. Whenever an individual does not attain the fundamental of employment, they lose the entire meaning of employment. At times, most people tend to be submerged in debts, making their lives more unbearable. With the current minimum wage at $5.15 per hour, it is way below the amount necessary to purchase gas and access basic health care services. Thus, a proper evidence is offered by the revelation that a high fraction of the population is living in poverty.
The amount of wage to be paid should not be influenced by the status of an individual. In this case, whether an individual is dependent on others or independent, they should not alter the amount of wage to be remitted. The misconception is related to the fact that most people associate workers who earn a minimum wage with those students who are looking for extra cash during the summer. As such, they consider the individuals to be under the age of 25. Therefore, the economy and what it is likely to become in the future is affected. What are the visions held for the economy? Is there a need for prosperity or ...Download file to see next pagesRead More
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