Question

For this Discussion, you will research the minimum wage laws. Your response must include a discussion of both the advantages and disadvantages of minimum wage laws.

For example, you might consider these differing perspectives as you approach your research:

Perspective One: The U.S. Department of Labor has imposed a minimum wage since 1938. Most states mandate minimum hourly wage rates, too. Minimum wage legislation inhibits an employer from setting wage rates below the directed amount. Although the goal is to help workers, significant research reveals that minimum wage laws actually do more damage to employees and the overall U.S. economy. Minimum wage laws predominantly suppress employment opportunities for entry-level workers, youth, and minorities, the groups that legislators and activists proclaim to be helping with these policies. Although higher minimum wages may attract more workers, if there are no jobs to fill, that work-force supply increase will still exceed the demand for workers, thereby exacerbating the problem of unemployment.

Perspective Two: Some researchers suggest that a higher minimum wage rate attracts more workers and reduces an employer's job vacancy rate; in addition, decreased turnover will increase productivity and reduce the overall cost of expanding employment.

Your response should summarize the findings of your own independent research.

In order to get full credit for this Assignment, you must cite the source of your information by posting the link to the original content. Remember, only scholarly, peer-reviewed sources are acceptable. Biased sources are not acceptable in scholarly research, especially sources with a political agenda.

Answer 1

• On July 24, 2009 government built up reasonable work gauges setting up principles for wages, extra amounts of time etc.affecting the work class of our nation.
• It commands least norms for work rehearses that are frequently shift state to state .
• On the off chance that the government the lowest pay permitted by law will expanded the specialists get of it.
• Increment the lowest pay permitted by law across the country will build the profit for many specialists and bolster the nearby economies where they live and spend income .
• The present the lowest pay permitted by law $7.25 a hour is worth 25 percent not exactly the base in the 1960's .
• At current rate of the lowest pay permitted by law a normal all day laborer will win $15,000 per annum , implies acquiring even not exactly the government neediness line .
• Organizations need to build the lowest pay permitted by law to the point where the most reduced paid laborers can bear the cost of their essential needs .
• Raising the lowest pay permitted by law can compel organizations to re-appropriate the business to the lower cost nations, for example, china .
• It can likewise compel them to lessen staff of the organization , slice hours to adjust for the expanded cost.

Effect of expanded the lowest pay permitted by law :

( a ) . Less employments in market

( b ) . Increment cost of items

( c ) . Less benefit

( d ) . Staff cutting

( e ) . Deals influence

• "Regardless of what commentators state however , the expanding the lowest pay permitted by law will enhance the life of laborers and raise ways of life by annulling the misuse by production lines " .
• A glance at the lowest pay permitted by law rates the nation over . Expenses and different states in light blue have $7.25/hour the lowest pay permitted by law rates, equivalent to the government rate .
• States in green have the lowest pay permitted by law rates higher than the government rate .
• States in light purple have rates lower than the government rate.
• States in dim purple have no lowest pay permitted by law .