The purpose of writing this letter is to address the issue of minimum wage. The level of minimum wage in this country affects many people, especially college students who rely on minimum wage while working at…
Download file to see previous pages...
Employees who start working on jobs that offer minimum wage sometimes use it at a platform to attain other professions. Additionally, minimum wage not only helps young people, but also senior citizens who use it to support their families. I am addressing this letter to you to urge you as the senator of New York to introduce a motion in Congress calling for a raise in the minimum wage across all states. The United States requires policies that safeguard hardworking Americans who are dedicated in earning a living.1 Therefore, I believe raising the minimum wage above $10 per hour would be an important policy change towards restoring hope in citizens who rely on this income. Given this brief account, I believe that raising the minimum wage is a bold step that the Congress may take for purposes of achieving economic development.
Raising minimum wage is a bold step towards economic recovery in the country. I call for the federal government to increase its spending on regular people as a means of increasing economic output in terms of revenue. Normally, regular people exhibit fluidity in their spending; hence, more money remains in circulation. On the contrary, wealthy people tend to hoard their wealth; hence, preventing it from circulating back into the economy. The minimum wage issue presents a transformation to the economy, which has been hijacked by the elite in recent years; thus, making it less productive in terms of government revenue collected through taxes. I would urge the government to increase the minimum wage of American workers to boost their purchasing power, as this will facilitate economic recovery.2 Therefore, a change in policy in increasing the minimum wage prevents counterproductive economics, which boosts the economy. 3
Second, raising the minimum wage can alleviate poverty. It is evident that these days the focus of the US economy is on Wall Street, which accounts for less than 1% of the population. In recent years, the number of people
...Download file to see next pagesRead More
In this respect, there are two types of employers, including private employers and the government. In their mutual agreement, they have to ensure the plight of workers in regard to their pay is given solid attention. This shows the reason why the New Zealand government has initiated the minimum wage law.
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.
This essay primarily focuses on theoretic analysis of monopsony model of labor, standard competitive model of labor and the efficiency wage model of labor with an aim of establishing the quantitative impact of fixation of minimum wage on the unemployment. Different types of markets demonstrate different results, when it comes to that relationship
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.
In that respect it used to stand out from other European countries. France, the Netherlands, Luxembourg, Spain and Portugal have national minimum wages set by the government. The Scandinavian countries along with Belgium and Greece have a national minimum wage set by collective bargaining.
Five single parents discuss their plights during the film. Two advocates and detractors speak on the minimum wage issue. Over all the statistics and biases make "Wage Slaves: Not Getting By in America" a substandard film.
The most memorable
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