and evaluate the extent to which it achieves its purpose The minimum wage is the lowest rate at which a worker can be played. There she minimum wage laws pegged to hourly‚ daily and even monthly rates‚ although U.S. law is pegged to an hourly wage. Also‚ a minimum wage law usually makes it illegal for a person to sell his labor for less than the minimum wage rate The general purpose of the minimum wage is to guarantee a living wage to all workers who work a standard period of time‚ whatever that
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Kirsten Burroughs Professor Hart Persuasive Speech 04 December 2013 Intro: People of the middle class all know that the minimum wage of $7.25 is not sufficient to maintain a comfortable lifestyle. There is considerable evidence to show that the current generations comfortable lifestyles require a more luxurious price for standard living. The cost of living over the years has dramatically increased due to high consumer demands of products. As that being said‚ $7.25 is just not enough for a
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Organization‚ Minimum wage defines as the lowest basic wage guaranteed by the law as an attempt to put a floor under the wages of a particular subgroup of working population. The progress of minimum wages policy was started after the National Wages Consultative Council Act gazette on 15 September 2011. This provision replaced the Salary Determination Council Act 1974 which is seen not effective to protect the workers welfare in general. The provision aimed to determine and standardize the wage structure
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Minimum wage is defined as the lowest possible income that an employer can legally pay an employee. This ensures that all people are fairly paid and not defrauded by companies or businesses. Minimum wage is now a staple in 90 percent of countries in the world (Minimum). Even with these minimums‚ a person’s lifestyle is hard to maintain. Sustainability‚ in my opinion‚ is the ability to keep or maintain a certain amount of physical or mental property. In this light of sustainability‚ minimum wage is
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The country’s minimum wage should be increased because of the current economic condition‚ and because it has become increasingly important in this economy to have a living wage. For various reasons‚ it is necessary for the minimum wage to raise to a living wage. A living wage is a wage that is enough for a person to be able to support themselves and potentially a family without a problem. Many work in retail stores that require a lot of hard labor and yet cannot support themselves for a living when
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History of the Minimum Wage · 1938 -- The minimum wage was first enacted into law as part of the Fair Labor Standards Act (FLSA) of 1938. The original minimum wage applied to workers engaged in interstate commerce and the production of goods for interstate commerce. In 1938‚ this applied to roughly 11.0 million workers out of a total of 54.9 million workers. The minimum wage was set at $0.25 per hour. · 1961 -- Amendments to the minimum wage law extend coverage primarily to employees in large
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The concept of a minimum wage has been around for over a century; New Zealand was the first country to have a minimum wage‚ enacted in 1894. The United States introduced minimum wage during the Great Depression in 1938. (Anderson) A minimum wage is a price floor; this sets a base line wage that companies have to pay their employees. Currently in the United States nearly 75 million people work minimum wage jobs. (Goldstein) In 2004 the federal minimum wage was $5.15 an hour and only 12 states had
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Issue I’m campaigning for a minimum wage to increase to $19.25 an hour. With population expanding and prices‚ many find themselves struggling to get by on the current minimum wage per hour $14.25‚ found significantly lower than the average living cost required. Living wage is the difference between rich and poor. I learnt a lot of house problems in people can’t afford good houses as they don’t get paid enough with the minimum wage. The living wage is the amount one needs to afford the standard costs
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Minimum wage in Nepalese Labor Market Minimum wage is the price floor imposed by the government for the welfare of labor. Price floor is the legal minimum on the price at which a good can be sold. It is an attempt by the government to maintain prices at other than equilibrium levels. When a government imposes a price floor‚ there will be two cases. One the price floor is not binding if the price floor is maintained below equilibrium price level. In this case‚ the market forces naturally move the
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Minimum Wage - The Dubious Policy Minimum Wage The Questionable Policy As early as 4:00 am in the dark and cold morning of winter‚ a few people walking on an wet sidewalk. Under chilling wind‚ those people walk to a large‚ old building. Inside the building‚ the people work for repetitive‚ backbreaking low waged jobs. In the same day‚ late at night‚ you can see similar scene: some people walking out of the building under heavy humidity. I’m not one of those people‚ I don’t know the feeling
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