academic essayproponents of a minimum wageA minimum wage had

academic essay
proponents of a minimum wage
A minimum wage had been tracked back in 1894,it is the first enacted in New Zealand (First minimum wage law,2009),there is law enactment or irrevocable collective agreement regarding a minimum wage in preponderate over 90% of all countries now (Wikipedia,2009).What is a minimum wage?‘ A minimum wage is the lowest hourly,daily or monthly wage that employers may legally pay to employees or workers from companies ‘ (Wikipedia,2009).While a minimum wage can be a powerful force for change in employment,especially,especially,it is important to the workers who are unskilled or have no experience,it can also be seriously damaging for the small business operation.This essay will argue that grant a minimum wage in a country has positive results.
Business activities are profoundly influenced by a country has that a minimum wage.The strongest opponents of orthodox economists claim that a minimum wage raised would lead to the increased costs in producing goods and services (Wikipedia,2009).As wages increase,which means that business costs increase,and the whole cycle starts over.For instance,a $1 increase in minimum wage could mean thousands of dollars more in costs for a business over the course of a year.It hurts small business operation.However,from a contrasting point of view,Wikipedia (2009) who points out that the most of businessmen and economists argue that it is an opportunity to the workforce due to minimum wage motivates and encourages them to work hard.Indeed,the business can produce more goods and service of its products by employees (Wikipedia,2009).Finally,a proponent of minimum wage also feels that a lowest wage will improve the capacity of profitability and then create more value.A minimum wage is a further development of business.
Opponents maintain that a minimum wage in a country claim that reduces quantity demand of workers,and that discourages further education among the poor to enter the labor market (Wikipedia,2009).However,supporters of the minimum wages claim it motivates and encourages employees to work hard to increase higher wages.For instance,labors receive extra money,which is minimum wages in the form of tips can be paid two dollars and thirteen cents an hour (24en,2006).Additionally,supporters also argue that a minimum wage increases the standard of living for the poorest in society and raises average income.They got more salaries who consume to buy product to improve their standard of living.It is to reduce rural population in poverty as well as provide the minimum wages for citizens.In this group,workers have a strong constitution to make more contribution.It should be evident that the minimum wage not only decreases quality demand of employees,but even with motivating employees to improve their living standard.
In conclusion,despite some people oppose that a country has minimum salaries which has been bought negative influence on individuals and groups.Nevertheless,a minimum wage policy has several benefits; it created more social values in business activities,it increases the poor’s standard of living,and final advantage is created a win-win situation between workers and administrators.In the future,a minimum wage is balanced development among employees and employers.