LEE HAN SEONG (Bill) 2010555699 Potential advantages of the minimum wage law in Hong Kong Implementation of a reasonable amount of minimum wage is necessary for the current situation in Hong Kong. Minimum wage law prohibits workers or employees hired for less than a given hourly‚ daily or monthly minimum wage (Filion‚ 2009). Hong Kong is facing a difficulty of wealth gap. Although Hong Kong has a great reputation of the financial hub and one of the most affluent cities‚ its wealth gap is the
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Statutory minimum wage regulation was first introduced in New Zealand in 1894. Some attempt to control wages had been present since policymakers started believe that the market wages of labour was unfair to the workers. Minimum wage laws dictate a lowest hourly or monthly wage rate that employers may legally pay to workers. For instance‚ the Minionion government had set a new minimum wages rate of MS900 which intend to ensure that the basic needs of the workers and their families are met. Since that
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Why have a minimum wage? The minimum wage is again the focus of debate. As unemployment rises and young workers in particular end up on an unemployment benefit‚ some commentators have argued that the minimum wage is to blame. If only the minimum wage were lower‚ so the argument goes
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25‚ 2013 Persuasive Essay $7.25 equals two gallons of gas‚ one fast food meal‚ or a simple school supply. With the minimum wage at the current rate you must work one hour to earn the seven dollars and twenty-five cents that only supply you with small necessities for everyday living. This problem was encountered before and was resolved with the agreement to higher the minimum wage from $5.85 to the current $7.25. Although that was a big increase in salaries‚ was it truly enough? This controversy
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adults and families who are trying to live on minimum wage jobs. In today’s society‚ this is almost impossible. An increase in the federal minimum wage is in the interest of the nation as a whole‚ although it will impose some costs. This nation has finally realized that the time to raise the minimum wage is long past due. Federal minimum wage has not been raised in over 8 years‚ since September of 1997. This is only the second time that the minimum wage has remained unchanged for such a long
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Boston University defines minimum wage as‚ "the lowest level of earnings for employees set by government legislation." In general there are two fiscal and social arguments on the minimum wage. Supply side economists see a minimum wage as an overreaching burden placed on small businesses while demand side economists argue wages set too low will result in higher levels of poverty. In this article I bring out some of the main intellectual concerns of the minimum wage. My goal for this article is not
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One of the most frequent questions being asked is whether minimum wage should be raised to $15.00 per hour or not. I do feel minimum wage should be raised‚ but raising the minimum wage to $15.00 per hour is more than our economy can afford. Raising minimum wage to $15.00 dollars per hour would only make the cost of living increase. The prices of clothes‚ gas‚ food‚ etc. would sky rocket. The unemployment rate would increase‚ because employers would hire fewer workers‚ and instead more jobs would
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There are differences in opinion about the benefits and drawbacks of having a minimum wage. Supporters of the law say that it increases the standard of living of workers and reduces poverty. Others say that if it is high enough to be effective‚ it increases unemployment‚ mostly among workers with very low productivity due to inexperience. Since the law was established it has had only a positive impact on our economy. Minimum wage protects employees from being taken advantage of‚ encourages employees
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drawback of minimum wage hike. We saw many voters want the minimum wage to go up‚ so that they can live a better life. Many other articles also show that in the long term its effect would be devastating. Minimum wage has both good and bad effects. We have to take into account the worker that works for minimum wage. They barely have anything left after all the tax money is deducted. It’s hard to maintain a family when someone works for that little money. We have also seen some solutions to minimum wage problems
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but others too. Because of alcohol’s many negative consequences‚ many people wonder how to set the minimum drinking age. In order to avoid its citizens from receiving such harmful effects‚ the United States should have a high minimum drinking age. A high minimum drinking age will not only save lives‚ but also save families from suffering through an alcohol related tragedy. During the time the minimum drinking age was 18‚ a man lost his pregnant wife and child in a car accident because an 18 year-old
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