Question

Write a position statement on Minimum Wages in the United States. Please write in at least 1000 words. The answer should include the following sections: (1) your topic introduction, (2) your position on the topic, (3) economic arguments against your position, (4) economic arguments for your position, (5) a brief concluding paragraph, and (6) at least three sources which are used in this writing.

Please do NOT copy and paste from another source (Looking for answers not plagiarism).

Answer 1

1 -    INTRODUCTION

1-Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.

2-Employees covered under thr federal fair labor standards act are subject to the federal minimum wage of ,$ 7.25, but those not covered under the FLSA may be paid the state minimum wage of $5.15.

3-    POSITION

The  states that raised their wages at the start of 2020, or will later this year,include-

1-Alaska, with an hourly increase from $ 9.89 to $ 10.19.

2-Arizona, $ 12 to $12.

3-Arkansas $9.25 to $ 10.

4-California, $12 to $13.

5-Colorado, $11.10 to $ 12.

6-Minimum wage laws set the lowest hourly rate an employer can legally pay certain workers.

7-The federal minimum wage is currently $7.25 per hour .Where states and municipalities have enacted their own higher minimum wage laws, employers must pay at least the state or local minimum.

5- ECONOMIC ARGUMENTS AGAINST YOUR POSITION

1-The minimum wage is a hit - button issue for politicians and economists. Every time an amendment comes before the U.S. Congress to raise the minimum wage advocates and critics pull out some convincing arguments to win over public opinion.

2-The most common argument in support of the minimum wage is that it protects the workers at the lowest rung of the socio- economic ladder.

7- ECONOMIC ARGUMENTS FOR YOUR POSITION

1-Raising the federal minimum wage will also stimulate consumer spending, help businesses bottom lines and grow the economy.

2-A modest increase would improve worker productivity, and reduce employee turnover and absenteeism. It would also boost the overall economy by generating increased consumer demand.

8 SOURCES

1-Minimum wage is the most widely recognised term in the realm of employee compensation.

2--Living wage - Living wage is the lowest wage at which the wage earner and his/her family can afford the most basic costs of living. -

1-Prevailing wage.

2-Tipped wage .

3-Fair wage .

9- EXAMPLE-

-Explained simply, wage rates are based on the amount produced or the number of hours worked. Sales staff.

-Example, are given a commission based on the number of sales they make. Conversely, hourly employees are paid a certain amount for each hour they spend at work.