The United States has a minimum wage law. Moreover, many states have their own laws regarding...

The United States has a minimum wage law. Moreover, many states have their own laws regarding the minimum wage that workers must receive. Please see the U.S. Department of Labor's Webpage at: U.S. Department of Labor for a map and enumeration of the laws.

With this in background, please critically discuss whether there should be any minimum wage law. If not, why not? If there should be such a law, what standards should be used to establish that the minimum wage is a fair and equitable wage?

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Expert Solution

Yes, minimum wage law is necessarily required in states of the USA to get an assurance of earning a secured amount after the application of effort and performance. The purpose of the minimum wage law is to restrict employers from exploiting the workers. Importance of minimum wage law in all the states of the USA are as follows:

• It can increase the productivity of workers

• It can reduce the wage-related inequality from workplaces

• A minimum wage spurs economic growth

• It is a significant opportunity for workers to save money for the future after covering the cost of living

Qualification and experience, according to the designation, should be used as a primary standard for minimum wage. Moreover, the standard for minimum wage should be the same for all the irrespective of their background. Employees. The minimum wage should be provided to the employees who can fulfill the necessary qualification and experience requirements of the organization to maintain a fair and equitable wage.

keosha answered 1 year ago

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