Preview

Minimum Wage Laws

Satisfactory Essays
Open Document
Open Document
69 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Minimum Wage Laws
According to The Negative Effects of Minimum Wage Laws by Mark Wilson 49 percent of minimum wage workers are people under 24 years old. The majority of workers in this group live in families that overall make at least twice the poverty level. The other 51 percent are people 25 or older, but even within this statistic there are significant number who work part-time out of their own volition.

You May Also Find These Documents Helpful

  • Good Essays

    Minimum Wage Changes

    • 792 Words
    • 4 Pages

    “My mom worked at McDonald's, and she decided she wanted to make more money, so she got into the management program at McDonald's. And that's how you move up the chain. It's not by demanding that minimum wage is raised; it's by actually acquiring the skills. That's the way that people get ahead in life.” Politian Raul Labrador expresses. According to At Issue from the SIRS data base, in 1938 the Fair Labor Standards Act successfully re-established a national minimum wage after it was battled between 1933 and 1935 by the Supreme Court. Critics of minimum we say it is not sufficient. They believe it should be changed to a living wage standard, which accommodates for economic factors that determine a wage that is able to provide the necessities…

    • 792 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Chinese restaurants are ripping off international students, paying wages as little as $10 an hour and take advantage of students desired need for work.…

    • 631 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    For this assignment I chose Economics as the field that I wanted to learn about because it has a great impact on my life. It also is something that I want to learn more about. The article that I read is called: The economics of minimum wage legislation. I really enjoyed this article because it talked about how we are always looking at what we should do to help the job market and the suppliers as well. This article talks about two things that can happen when there is a minimum wage that is enforced. The first is that there are people that work in a job that may be under qualified and if the employer is forced to pay him above what he is worth then he would lose his job. The other outcome is that if the minimum wage is razed then the employee…

    • 265 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Ai - Imagine you are a newly appointed supervisor/manager within your service. You need to update your staff handbook to reflect current employment law.…

    • 1840 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    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 simple service tasks such as vacuuming, mopping, lawn mowing, and gutter cleaning" and that "commercial service robots are now able to perform more complex tasks in food preparation, health care, commercial cleaning, and elderly care." Raising the…

    • 361 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Minimum Wage Legislation

    • 298 Words
    • 2 Pages

    Since its inception, minimum wage legislation has been a highly debated topic with controversy surrounding its true effect on the economy. While some economists state that firms can afford to pay a higher minimum wage, others argue that a higher minimum wage is detrimental to employees and firms, especially small ones. This is because it will result in lower total revenue for the firms eventually causing them to go out of business or it will increase unemployment because firms lay off employees to afford to pay other employees the higher wage. In order to investigate this controversy, the following research question was developed for this essay: To what extent did an increase in the federal minimum wage from 1990 to 1995 affect the fast…

    • 298 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    How To Raise Minimum Wage

    • 1206 Words
    • 5 Pages

    When you increase minimum wage, it limits entry-level jobs because it causes businesses to hire fewer workers therefore just leaving even more people without a job. In one study it says that for every 10 percent increase in the minimum wage, it would affect the unemployment rates by roughly 2 percent (Raising the Minimum Wage Will Not Help The Poor). So you can see how going from 7.25$ an hour to 15$ an hour can affect that number. Not only are many workers laid off, but the ones who keep their jobs are cut back a lot on their hours to where they were making less than before they raised minimum wage. So combined with the lower working hours and many workers getting laid off you would think people would understand why not to raise it. There is also one major reason why raising minimum wage doesn’t affect people in poverty, many of your minimum wage workers aren't even in poverty. Many minimum wage workers are between the age of 16 and 24, many of these people are high schoolers or college kids trying to earn some extra money. People make the argument that there are single parents trying to make enough to support their kids and they need better wages, but what you may not know is that very very few people working a full time minimum wage job are alone and a single parent. Less than 1 in 25 minimum wage workers are single parents who work a full-time…

    • 1206 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Raise Minimum Wage

    • 277 Words
    • 2 Pages

    Everyone has had a point in their life where they were not satisfied with their pay- whether it’s at a fast food restaurant or a higher business job. Many teenagers and young adults start working at a low-wage job to gain experience and earn a little money. However, because of the minimum wage, many people get an education or learn required skills to shoot for a higher paying job making it a good reason why the current minimum wage isn't so bad. It gives teenagers a chance to gain work ethics and experience and encourage others to work even harder.…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Today, the real value of the minimum wage has fallen by nearly one-third since its peak in 1968. And right now, a full-time minimum wage worker makes $14,500 a year, which leaves too many families struggling to make ends meet.There are many states that have already approved minimum wage increase through ballot measures in 2014 election. Raising the minimum wage would raise the incomes of 28 million Americans. Therefore women would particularly benefit because they tend to work for lower wages than men. “88% of adults with more than a third over age forty work for minimum wage.” (Van Buren, 2014) Many breadwinners are working for minimum wage and it isn’t enough to support the household therefore raising minimum wage would help many struggling Americans whether full time or part time. Raising the minimum wage is an important anti-poverty tool, but the current minimum wage leaves too many families in…

    • 859 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The extra money could help pay off bills or provide food for individuals and/or families. Families living off minimum wage have daily choices that are hard to choose, like spend money on food that week, or pay the electric bill. Locations like Los Angeles, New York state, and Washington, D.C. have already started on raising the minimum wage to fifth-teen dollars an hour(5 facts about the minimum wage). When the idea of raising the minimum wage comes up, many argue that it would only benefit teens, but in fact eighty-nine percent of the minimum wage workers are between the ages of twenty or older(Minimum Wage Myth…

    • 654 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Stereotypically: high school/college dropouts. Jobs that receive minimum wage are for people who are not skilled enough to get a better job. The people who work for minimum wage are typically those who do not try their best in school. If they had skill then they would have been hired for a well paying job rather than minimum wage. This quote mainly says that even people who graduate with a bachelors degree end up working in the minimum wage field, so what happens to people who haven't got a degree? Well they usually tend on working for minimum wage. "7.9 percent of workers earning at or below the minimum wage have at most a bachelors degree. That said, only a very small share of college graduates overall actually wind up in minimum wage jobs" (Rampell,…

    • 641 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Minimum Wage Inequality

    • 389 Words
    • 2 Pages

    This policy paper’s main objective is to attempt to answer the question, " to what extent does income inequality relates to federal minimum wage". Though it is obvious that income inequality exists in every State, ethnicity, and generation, what makes it an important topic to discuss is the growing infliction of unequal distribution of household or individual income across the various participants in an American economy. Therefore, even with an existing policy that was passed in 1938, to assist with the uneven wealth distribution, the Fair Labor Standard Act (FLSA) enactment of federal minimum wage did little to improve the living status of the blue-collar workers throughout America. Thus, it is imperative to recognize the linkage and to what extent, if there is any, why a majority of Americans today still struggle to be well off or to become independent from governmental aid with the federal minimum wage policy in place, to which should stop or slow down the growing gap of income inequality.…

    • 389 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Minimum Wage Problem

    • 1171 Words
    • 5 Pages

    As stated before solving the problem of poverty may seem like a lofty goal, but different but different states within the United States have been able to enact certain polices which have dramatically reduced their levels of poverty and improved the quality of living for its citizens. According to the Economic Institute Policy’s policy Analyst Liana Fox, the current system of not adjusting the federal minimum wage yearly, causes the value of the minimum wage to decrease as inflation causes the cost of living to increase. This lack of action causes either one of two scenarios, either the states pick up the tab and enact minimum wage indexing or states do noting and the countries lowest paid workers are left with no way to deal the yearly rise…

    • 1171 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Raise The Minimum Wage

    • 881 Words
    • 4 Pages

    The 44th president of the United States of America said, “We should raise the minimum wage so that no one who works full time has to live in poverty.” For those who do not know what minimum wage is, it is the lowest wage sanctioned by law or by a special arrangement. In the United States, the minimum wage is $7.25 per hour. According to BLS Reports, in 2014 77.2 million people at the ages of 16 and older were paid at hourly rates. Out of those 77.2 million, 1.3 million received the minimum wage, while 1.7 of them had wages below the minimum. Through years of petitions and fighting for a raise in minimum wage, the people of the US were finally noticed by President Barack Obama. The president himself has taken the situation into his own hands,…

    • 881 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Studies suggest that an extravagant amount of workers earn either the current minimum wage of $7.25 an hour or less. As a matter of fact, in 2012 about 3.6 million workers fell into this category, which makes up about 4.7% of all hourly paid workers (Minimum Wage Workers). Even though the percentage of workers who fit into this category may seem slow, in reality it is an alarming rate especially since minorities and young people make up most of the population. As illustrated by the National Employment Law Project, 50% of minimum wage earners are 25 years of age and younger and another 5% of workers were of African American, Hispanic, Latino descent (NELP). That means that nearly 55% of workers who make the federal minimum wage are considered to be a minority across the nation. Another interesting statistic, reported by the Bureau of Labor Statistics, is that about three-fifths of minimum wage workers are employed in some type of service related industry (Minimum Wage Workers). For instance, a lot of food servers, waiters and waitresses, only earn a minimum wage salary of $7.25 or less. However, in these professions, it is expected that employees receive tips from the served consumers. Then after combining the two entities, employees should earn a salary that is either equal to or more than the current minimum wage,…

    • 2313 Words
    • 10 Pages
    Powerful Essays