been a debate on the subject of a statutory minimum wage. Different parties have different point of views about it. The unionists believe setting a higher amount can help to reduce the continuously increased wealth gap in Hong Kong‚ but the businessmen worry that it will increase the operating costs of their businesses. I will discuss the pros and cons of a statutory minimum wage in the following paragraphs. For the advantages‚ firstly‚ a minimum wage can force employers to offer reasonable salaries
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The idea of a minimum wage has been around for quite a while. If increasing the minimum wage helps every one‚ no one would oppose an increase. In your opinion‚ who are helped and who are hurt by an increase in the minimum wage? In my opinion‚ more people are hurt by a minimum wage increase than are helped by it. Increasing the minimum wage helps some low wage workers in the short run but is detrimental to the majority of society in the long run. An increase in the minimum wage helps some low
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The federal minimum was originated in the Fair Labor Standards act signed by President Franklin Roosevelt on June 25‚ 1938. The law established a minimum was of .25 cents per hour for all employees who produced goods that were shipped in the interstate commerce. The wage is equal to $4.04 in today’s market. The Fair Labor Standards Act covered about thirty eight percent of the labor force‚ mostly in the manufacturing‚ mining and transportation industries. Congress expanded the coverage and increased
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The minimum wage should not be raised for many reasons. The minimum wage in Florida as of 2015-2016 is $8.05/hr. Minimum wage is a minimum amount of money a worker shall get per hour. Many people want the minimum wage to raise but it shouldn’t because “more than half of the minimum wage workers are under the age of 25‚ and many are students trying to pay their way through school”(Brian Brenberg The Kings College.) Raising the minimum wage can also put small companies in debt. Also if the minimum wage
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Argument Essay Did you ever work a minimum wage job‚ and feel like you worked hours and hours but never had the money. Many people are constantly working their minimum wage job and they make very little money. While some believe the minimum wage should stay the same because it would be too much for business owners‚ others believe it should be raised because it could save taxpayers’ money and create more jobs. Many people who are working minimum wage jobs are still not making enough to support
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Should the Minimum Wage Increase? Minimum wage is the lowest wage permitted by law or by a special agreement that can be applied for an employee or put simply‚ the lowest amount of pay that an employee can make. Governments set a minimum wage on businesses in hope for reduced poverty and increases in the standard of living. Minimum wages are beneficial up to a line‚ when minimum wage is too high‚ it makes businesses make crucial decisions and must save money by firing workers‚ reducing output
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there is a higher minimum wage they would have a better life. However‚ a higher minimum wage will not be great for people in the long run; it will most likely hurt them. The idea of raising minimum wage to $15 a year compared to current price floor of 7.25 is very controversial. Raising the minimum wage may result in unemployment because there would be less hiring of new employees‚ increase in current products‚ and create a higher standard of living. There are a lot of minimum wage workers in the United
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Dimed Essay After reading the story Nickel and Dimed it changed my view about minimum wage and how it really affects so many people in our society. When people talk about living on minimum wage and how difficult it is you don’t realize how hard it is until you experience it yourself or know someone who has. I do believe it is important to have a job‚ but if you’re basically paying to go to work because the wages are so low and you receive no benefits‚ it’s almost pointless. It really all depends
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Most people would agree that raising the minimum wage sounds like a good idea‚ but arguments arise concerning if this increase would benefit the economy. Jared Bernstein believes that a minimum wage increase would positively affect the American economy. He argues that the economy is driven by consumer spending and lowincome workers are very likely to spend their extra earned money. On the contrary‚ Douglas HoltzEakin strives to make the point that raising the minimum wage would not be beneficial to the economy
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Swint ENC1102 Sec 90 13 October 2014 Minimum Wage; Should it be raised? In the economy were in today‚ people‚ businesses and politicians are trying to figure out a solution to fix the problem that we found ourselves in. One of those solutions was simply to raise the minimum wage‚ some have agreed‚ others haven ’t. The federal minimum wage shouldn ’t be raised any higher then what it already is for several valid reasons. Occupations that pay only the minimum wage are meant to lead on to lifetime careers
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