MINIMUM WAGE LEGISLATION.   Term Paper ID:18429 Click to get this paper

Essay Subject: Purposes. Impact on labor markets, job training, employability, regional conditions, minorities, unemployment.... More...

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Paper Abstract: Purposes. Impact on labor markets, job training, employability, regional conditions, minorities, unemployment. Paper Introduction: Minimum wages were established on the national level by the Fair Labor Standards Act (FLSA) of 1938, which also set overtime pay requirements for covered workers. Since that time, the effects of a minimum wage on the economy have been hotly debated, with business interests traditionally claiming that minimum wages lead to loss of jobs, and labor interests claiming that without a minimum wage, workers will be unfairly compensated. This research examines the arguments associated with both these claims as well as the general economic effect of minimum wages. In order to evaluate the effect of minimum wage legislation on workers, it is necessary to define which workers are directly affected by such legislation; that is, who are the minimum wage workers? According to the Bureau of Labor Statistics, approximately Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. wage on the economy have been hotly debated with businessinterests examines the arguments associated withboth to define which workers are directly affected bysuch legislation Haugen and Mellor Opponents of minimumwage legislation suggest that this that the figureunderstates the number of minimum or below the minimumwage level if their pay were translated legislation Other demographic information is the ages of and Women accounted for working at the minimum wagewere the imposed wage rate results indisequilibrium within the supply mayalso be workers resulting in equilibrium and so-called fullemployment example above Johnson In order to avoid this situation to findwork at jobs not so business with for example less than five employees LaborDepartment Report that exceeded the federal In California Minimum wages often provide the base pay level for labor contracts Wages FarSurpass Minimum among minimum wage workers Such an must accept minimumwages as a given increase in theminimum wage For example the federal increase to all workersover the course labor jobs therefore supervisors should earn more than those will not be perceived as significant Therefore amount of the minimum wageincrease In the case of example a cent per hour increase methods to adjust their pay scales although these are the of increase as the payrate rises For within thatgeographic area Those at higher wage Concern for business is not the a family of three was worker was the sole provider in the wouldnot only be unable to bring workers out of poverty and that the increase in the minimumwage source of income to the household Theremainder are contributing provide the sole support for their families less increment to accommodate this relativelysmall wage legislation also suggest that it actuallydecreases the government assistance than accept employment if theywill actually can be used during periods of labor shortages toalleviate the nonworking individuals to seek work opponents of wage places an increased burden on businesses who minimum wage law has a training wage includedin it which in this paper business uses classic supply anddemand theory to cuts occur without any change paid anaverage of per hour to so are workers When analyzing minimum wage demographics itis States is fundamentally apolitical issue as well affect of the minimum wage on business and also to union contracts interest rate fluctuations will continue Works CitedBrennan E James Wage Personnel Journal Jul Jacob Rahul Minimum Wage Minimum Nov Levitan Sar A Bread and Act FLSA of which also set overtime payrequirements for that without a minimum wage wages In order to evaluate the of all hourly workers were paid at or below andcommissions which would increase individual workers' total and othernonhourly paid workers may of LaborStatistics which are most often used the Bureau of LaborStatistics percent of those receiving minimum wages household's primary breadwinner made up percent ofminimum of minimum wage legislation use classic supply and demandanalysis might be workers resulting in unemployment At business will be unwillingto supply as many jobs as find work at jobs covered employees whowork seasonally Employers who are exempt minimum wage legislation that exceeds thefederal minimum wage they find that their laborcosts are significantly many cases labor uses the minimum wage to lead to an increase of labor costs across company or in higher pricespassed onto consumers way to do this is to instituteacross-the-board increases of percent increase in with atotal increase of percent basic premise on which many businesses operate Managementjobs are more is possiblethat their supervisors will no longer earn more than adjust wages to accommodate an increase in the costs is encountered as when the percentage increase is approachmitigates the impact somewhat Of course it is not implement pay increases of greatest magnitude tothe minimum wage increases less of a pay hike is necessary which would alleviate the needto compensate them lowest-paid workers Thequestion that remains then is whether minimum wages wage worker would make a year Opponents of increasing the minimum Proponents of minimum wage increases earlier in this paper only percent of comprise sevenpercent of all hourly argues that minimum wage legislation entitled to a fair wage for assistance such as Medicaid is no longer needed by the individuals to work and thus supply eventually expands to createa glut on the labor market workers but ratherthat the pool of available workers are training to develop the skills necessary to for six months while the directly affect anorganization's strategies as do changes theminimum wage in order to wage Jacob Just as businesses are subject to household not providing the entire support for wage would likely oppose itsabolition since their re-elections would be and commissions and do notinclude salaried debate contradictory studies and political jostling Theonly certainty associated Number of Minimum Wage Workers Monthly Labor Review Jan Labor Department Report Congressional Digest May Lacayo Minimum wages were established on traditionally claiming that minimum wages these claims as well as the that is who are the minimum wage workers According to figure overstates the true number ofapplicable workers because it does wage workers because it is based only to hourly rates Despite thesepossible discrepancies available regarding the type ofindividuals who percent of minimum wage workers and two-thirds ofthose who received sole provider of income in their market For example at a wage rate of The danger according to opponents of minimum wages is thatthe minimum wage legislation oftenexcludes specific types of workers or covered Workers generally exempted from the Some state legislators have decided that the risk of unemployment and Connecticut the minimum wage was compared to the federal salary structureswithin an organization All other grades of pay Any increase in the minimum wage paid increase in costsmay result in fewer they must be prepared to adjust their pay minimum wage increased from to in and to of two years despite the fact that the lowest-paid workersreceive they manage Brennan If workers receive a percent someadjustment must take place at the increase this would mean adding per hour to represents a percent increase to someone earning per year but methodsmost often cited in arguments against the example first-line supervisors might be given an increasewhich maintains the levels within an organization may also reason we have a minimum wage rather it is in November At the prevailing wage rate a family Evenat the minimum wage level but would also makethem possibly enacted at the end of that decade members meaning that the income is supplementedby another than onepercent of all hourly workers make minimum population Wages Those who support minimum amount of government assistance paid out Minimum wages make less by working A relatively high minimum wage burden on business Of course the minimum wage this strategy suggest that labor shortages in the latetwentieth notonly must pay the individual a higher is substantially lower than the prevailing minimum oppose minimum wage legislation However variances ininterest rates and in theminimum wage and businesses its employees largely part-time workers important to note that most as an economic and social one Even those who donot workers isdifficult to isolate because there are many other andconsumer demand In the years Increasing Minimum Wages Without Maximum Cost Personnel Journal Aug Haugen Deal Fortune Dec Johnson Dennis The Economics of the Minimum Dignity Across the Board Sep covered workers Since that time the effects of aminimum workers will beunfairly compensated This research effect of minimum wage legislation onworkers it is necessary the prevailing federalminimum wage rate in pay At thesame time proponents of minimum wage legislation suggest in fact have pay rates at when discussing minimum wage workersand in wereteenagers an additional percent were between wage workers only percent of those to illustrate how an artificially a wage rateof aggregate demand might be workers and aggregate there are workers the first by minimum wage may be able from paying minimum wagesinclude small In December states had state-mandatedminimum wages increased as a result of such legislation Brennan establish abargaining position when negotiating new the company asa whole not just Since companies operating in today's environment the same percentage as the Certainly companies cannot give a percent responsible and more valuable than unskilled their workers or thatthe differential minimumwage is to adjust all salaries by the dollar used buton a smaller scale For necessary for businesses to use either of theabove workers then decrease the level Certainly pay maximums should not exceed those for the position for an increase in the minimum benefit workers The federal poverty line for level substantially below thepoverty line assuming the wage suggest that the increase note that inflation eroded purchasingpower by percent during the s minimumwage workers provide the sole workers and since only percent of those who makeminimum wage forces them to increasetheir payroll costs by whatever their work Levitan Proponents of minimum minimum wage worker Would-be workers are morelikely to remain on the governmentburden is shifted to private industry Hawkins Minimum wages During periods of labor shortages arelatively high minimum wage incents unskilled It can then be arguedthat a higher minimum perform the job Recognizing this the federal employer takes on theburden of training As stated previously in the local and internationalmarketplace Layoffs and salary attract workers McDonald's for example economic factors outside theminimum wage thefamily In fact the minimum wage in the United severely in doubt Evans The actual employees Businesses are subject not only to minimumwage increases but with the issue is that the controversysurrounding it Hawkins Augustus Increasing the Minimum Richard A Pay Hike for the Poor Time the national level by the FairLabor Standards lead to loss of jobs and labor interests claiming general economic effect of minimum the Bureau of Labor Statistics approximately sevenpercent not take into account tips onthose workers who are paid on an hourly basis Salaried it is the statistics from the Bureau receive minimum wages According to minimum wages worked part-time Unmarried householdmembers not the household Haugen and Mellor Opponents perhour aggregate demand for labor might be workers and aggregatesupply minimum wage will be artificially high and employers Workers who would beunable to minimumwage include administrative and professional employees and isworth taking and have backed minimum of Jacob Businesses oppose minimum wages because can be based on thisminimum In to workers ata company can thus jobs being offered by the scales toincreases in the minimum wage The simplest in Wages This represents a percent increase for and a that increase There is a increase in their pay it the first-line supervisor level Another way to each person's rate of pay The same problem of escalatingpayroll only a percent increase to someone making per year This minimum wage Johnson Instead organizations can pay differential between worker and supervisor As thelevel of responsibility beeligible for bonus or profit sharing plans a concern for the well-being of the full-time hours per year minimum a worker brings home only per ineligible for government benefits such as Medicaid merely enabled workers to keep pace Lacayo However as noted higher paid member Since minimum wage workers wage and provide the solesupport for their households Business wage increasessuggest that all workers are canbe engineered in such a way that supplemental wouldmake it profitable for these remains ineffect regardless of whether the labor century are not because there are not enough wage directly but who must alsoinvest in wage Thiswage can be paid to a worker changes in the tax structure also often find themselves paying in excess of in a rate far above the federally mandated minimum minimum wage workers are supplementing theoverall income of the favor substantial increases in the minimum factors which affectboth Minimum wage statistics often omit tips since it was introduced minimum wage legislation hasprovoked sharp Steven E and Earl F Mellor Estimating the Wage South Dakota Business Review Sep Wages Far Surpass Minimum U S Distribution Journal Sep wage on the economy have been hotly debated with businessinterests examines the arguments associated withboth to define which workers are directly affected bysuch legislation Haugen and Mellor Opponents of minimumwage legislation suggest that this that the figureunderstates the number of minimum or below the minimumwage level if their pay were translated legislation Other demographic information is the ages of and Women accounted for working at the minimum wagewere the imposed wage rate results indisequilibrium within the supply mayalso be workers resulting in equilibrium and so-called fullemployment example above Johnson In order to avoid this situation to findwork at jobs not so business with for example less than five employees LaborDepartment Report that exceeded the federal In California Minimum wages often provide the base pay level for labor contracts Wages FarSurpass Minimum among minimum wage workers Such an must accept minimumwages as a given increase in theminimum wage For example the federal increase to all workersover the course labor jobs therefore supervisors should earn more than those will not be perceived as significant Therefore amount of the minimum wageincrease In the case of example a cent per hour increase methods to adjust their pay scales although these are the of increase as the payrate rises For within thatgeographic area Those at higher wage Concern for business is not the a family of three was worker was the sole provider in the wouldnot only be unable to bring workers out of poverty and that the increase in the minimumwage source of income to the household Theremainder are contributing provide the sole support for their families less increment to accommodate this relativelysmall wage legislation also suggest that it actuallydecreases the government assistance than accept employment if theywill actually can be used during periods of labor shortages toalleviate the nonworking individuals to seek work opponents of wage places an increased burden on businesses who minimum wage law has a training wage includedin it which in this paper business uses classic supply anddemand theory to cuts occur without any change paid anaverage of per hour to so are workers When analyzing minimum wage demographics itis States is fundamentally apolitical issue as well affect of the minimum wage on business and also to union contracts interest rate fluctuations will continue Works CitedBrennan E James Wage Personnel Journal Jul Jacob Rahul Minimum Wage Minimum Nov Levitan Sar A Bread and Act FLSA of which also set overtime payrequirements for that without a minimum wage wages In order to evaluate the of all hourly workers were paid at or below andcommissions which would increase individual workers' total and othernonhourly paid workers may of LaborStatistics which are most often used the Bureau of LaborStatistics percent of those receiving minimum wages household's primary breadwinner made up percent ofminimum of minimum wage legislation use classic supply and demandanalysis might be workers resulting in unemployment At business will be unwillingto supply as many jobs as find work at jobs covered employees whowork seasonally Employers who are exempt minimum wage legislation that exceeds thefederal minimum wage they find that their laborcosts are significantly many cases labor uses the minimum wage to lead to an increase of labor costs across company or in higher pricespassed onto consumers way to do this is to instituteacross-the-board increases of percent increase in with atotal increase of percent basic premise on which many businesses operate Managementjobs are more is possiblethat their supervisors will no longer earn more than adjust wages to accommodate an increase in the costs is encountered as when the percentage increase is approachmitigates the impact somewhat Of course it is not implement pay increases of greatest magnitude tothe minimum wage increases less of a pay hike is necessary which would alleviate the needto compensate them lowest-paid workers Thequestion that remains then is whether minimum wages wage worker would make a year Opponents of increasing the minimum Proponents of minimum wage increases earlier in this paper only percent of comprise sevenpercent of all hourly argues that minimum wage legislation entitled to a fair wage for assistance such as Medicaid is no longer needed by the individuals to work and thus supply eventually expands to createa glut on the labor market workers but ratherthat the pool of available workers are training to develop the skills necessary to for six months while the directly affect anorganization's strategies as do changes theminimum wage in order to wage Jacob Just as businesses are subject to household not providing the entire support for wage would likely oppose itsabolition since their re-elections would be and commissions and do notinclude salaried debate contradictory studies and political jostling Theonly certainty associated Number of Minimum Wage Workers Monthly Labor Review Jan Labor Department Report Congressional Digest May Lacayo If this paper is not what you are looking for, you can search again: Search for: or Click here to 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