Minimum wage can be defined as the lowest salary that employers may legally pay for an employees work or service. Minimum wage was first enacted in 1938; this law was called the Fair Labor Standards Act. The Fair Labor Standards Act‚ or the FLSA‚ established minimum wage to ensure that the lowest-paid workers would still receive a sufficient amount of pay. Evidently‚ minimum wage has increased over the years‚ but some argue that the current minimum wage is still not enough. It can be debated whether
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Minimum wages will improve society I am responding to the editorial “...”. Minimum wage is current topic‚ and important‚ but I believe it does need to be raised. Not everyone can support themselves on minimum wage. I am in complete agreement that it is impossible to raise a family well on minimum wage. The only number of people that it is possible to support on minimum wage is one‚ the person working. If you work on a minimum wage‚ you can’t have a family. And this is only looking at poverty lines
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The current national minimum wage is $7.25. 20 States in the United States have already increased this on their own because they know it is not feasible rate for people to be able to live on. The minimum wage needs to be at the very least adjusted for inflation so that workers are getting accurate pay for their work so they can support their families and make sure they are still able to have essential needs like food and medicine and clothes. Another reason it should be raised is because it would
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of the most frequently ask question is should minimum wage be raised or completely eradicated altogether. minimum wage is the legally accepted pay that employers are required to paid their employees. A robust minimum wage is a key reason of sustainable economic growth. According to Jared Bernstein "Based on one well established theory and two equally well established facts‚ raising the minimum wage would help"(Bernstein). The increase in minimum wage would enable individual to live above poverty
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The issue of minimum wage in the United States of America has been turmoil in the recent past and up to this date. Minimum wage is the lowest amount permitted by the law or by a particular agreement such as that of the labor union. The concept of the minimum wage was established in 1938 by the federal government. The law was called the Fair Labor Standards Act and it also indicated the initial time that employers were legally required to pay his employees overtime pay for certain jobs. During that
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Cons of Minimum Wage The argument for minimum wage has remained remake consistent over the years. Some people are against minimum wage and the other think minimum wage can help you in a certain way. In the midst of the Great Depression‚ the Unites States federal government passed the Fair Labor Standards Act. The law has been amended almost every year to expand coverage of the wage floor and to increase the wage itself. Many of the fifty states have enacted their own minimum wage laws‚ some of
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Question of Minimum Wage and Price Floors Recent events in Washington have once again raised the question of if and by how much minimum wage should be raised. The question of minimum wage is primarily one debated by economists‚ who really benefits by raising the minimum wage? Minimum wage is an example of a government intervention in order to redistribute wealth through the use of a price floor. A price floor is the legal limit on how low a price may be set for a good. In the case of minimum wage‚ employees
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Lowering the minimum age can cause many problems towards the people in society. Although some may think raising the minimum wage can benefit them‚ they have not factored in that the economy can drastically changes An increase in minimum wage would cause unemployment and inflation. The unemployment would increase‚ especially those that are unskilled and have little or no experience. According to the Wage Gap‚ “The simple rules of supply and demand dictate that any increase in the minimum wage that expands
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afford it. Their jobs don’t pay them enough money to pay for fees‚ food‚ rent‚ etc. It’s the same for adults too. To prevent this‚ the minimum wage should be raised. This could lead to increasing economic activity and jobs. Other benefits are higher school attendance and lower high school drop offs. However‚ it could increase layoffs and unemployment. Even though raising living wage can start some problems with more experienced workers‚ people gain more money to afford their needs. Some pros are larger
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Braeden Kuhn Mr. Jay Lee Eng. 101-123 21 Oct. 2014 Minimum Wage Minimum wage is great for young people. No matter what experience you have you still get a fair amount of pay. You can work your way up the ladder and continue to get raises‚ until you get the amount you’ve been expecting. Minimum wage allows students and less fortunate adults to be paid a wage that subdues the average cost of living. No employer can drop below the seven dollars and fifty cents allocated to all the people in the
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