is spending half or more of their life on having their work and the wages are the factor that can ensure their quality of life. As the consumption level in Hong Kong is increasing year by year‚ employees’ wages started not affordable to their life and the poverty problem comes more serious. By then‚ in year 2010‚ Hong Kong government carried out the minimum wage policy and set the price at $28 per hour. The carry out of minimum wage policy apparently can ease the poverty problem in Hong Kong‚ in fact
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Raising the minimum wage affects all workers young and old. You might might think that receiving more money is a good thing but it actually negatively affects the economy and its jobs. Raising the minimum wage will eliminate jobs because the employer has to pay the workers more so they will hire less and might replace them with computers or robots. Oxford University researchers Carl Benedikt Frey‚ PhD‚ and Michael A. Osborne‚ DPhil‚ stated in a 2013 study that "robots are already performing many
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together with working a minimum wage job could make it more difficult. Seeing every year that America is a place where people move for better opportunities for them and their families. It is difficult to start out on jobs that pay little to nothing especially when supporting family members or just an individual working on their own. Minimum wage should be raised because it would boost the economy‚ help people out of poverty‚ and help college students. Many people argue that minimum wage should not be raised
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Minimum Wage The minimum wage has been a part of the United States labor system since I can remember. However there has not always been a minimum wage. What were the causes that made out government step in and enforce a minimum wage and how does this affect our economy today? During The Great Depression of the 1930’s there was no national minimum wage or legislation to protect workers. There were few jobs and many people willing to work. This caused wages to drop drastically. People were forced
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------------------------------------------------- In the late 2010‚ the issue of a minimum wage policy has been debated in Malaysia after nationwide picketing organized by the Malaysian Trade Union Congress (MTUC). Prime Minister Datuk Seri Najib asked businesses to embrace “fair and equitable” wage as part of strategy to make Malaysia a high income nation. In this study‚ it is debated on why a minimum wage policy should not be implemented‚ and implications of its enactment. | Minimum Wage: Moving Malaysia BackwardsGroup: Chua Siang
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Metcalf has concluded that the implementation of the minimum wage appears to have had no negative impact upon Employment. Critically examine the possible explanations for this outcome. The minimum wage was implemented and became law on the 1st April 1999 this helped prevent unfair low pay and “levelled the playing field” (http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1074402393) for employers as companies could compete on quality of goods rather than setting a reduced price based on low
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argument of raising or keeping the minimum wage payment‚ it brings attention to the workers and big corporations. Many thoughts on the cost of living with a higher minimum would make the cost of living boost to the point where it’s not affordable to the average citizen. Raising the minimum wage could crush small businesses and turn eight employees at a chain restaurant to four employees due to the insufficient funds to pay the other four. Increasing the minimum wage will hurt the United States in more
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they can’t afford it on their minimum wage job. Others take out loans which leaves them drowned in debt. Graduating scholars don’t want to start their life off in debt. In the future you are going need a college degree to do almost anything. This proves unfair to us and children coming up. Tens of millions of Americans are living in poverty. Millions of those in poverty are full-time‚ minimum wage earning workers. This proves that we can’t simply live off of minimum wage. “With more family income‚
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Dear Senator Gardiner‚ As a current college student and Florida resident‚ I am concerned about the current minimum wage.Many of us are working over 40+ hours and still living below the poverty line.A raise increase for Florida would immensely affect our lives.Raising the minimum wage is particularly important to me because at the moment I am not able to afford medical insurance and being that I am sickle cell anemic I would need to see a hematologist once a month. A person like me would need to
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In general‚ any law that only applies to a segment of a population is inherently a bad law. Minimum wage laws fall into this category because it only effects a segment in the socio-economic structure. Additionally it creates an artificial standard similar to trade tariffs. Economically this does little but creates economic waste. Raising a minimum wage will effectively increase cost for that socio-economic level. Some ways we see it happening here in this article is that while these people are making
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