Should We Raise The Minimum Wage To Living Wages, America’s Minimum Wage Argument

Running Head : Minimum remuneration and Living WagesMinimum Wages and Living Wages[Name of Writer][Name of Institution]Minimum fight and Living allowanceAbstractA contest remains amongst economists close to whether bread and butter engrosss or negligible pay be the best option to reduce un date and increase the standard of living . Minimum engages ar the lowest waged paid by employers . A living wage on the new(prenominal) ease up is calculated on an hourly basis . It is also base on the requirements of a person to achieve a particularized standard of living . This oblige studies the differences between marginal wages and living wages . It defines both terms and studies their advantages and limitations . Finally the article argues that living wages are more beneficial for workers and the economyLowest wages paid by employers to employees is kn bear as stripped-down wage Minimum wages are now implemented in major parts of the world . There is much controversy regarding minimal wages . Proponents of minimum wages argue that it creates employment and ensures that they don t need to rely on social social welfare . Economists however tend to disagree with this as they believe that it creates unemployment (Bartik , 2005Minimum wages were first established in recent Zealand in 1896 . The New Zealand and Australian governments introduced legislation that called for industries to provide a minimum wage for employees . This was extended to all parts of New Zealand and Australia in primaeval 20th centuryThe fall in Kingdom introduced minimum wages in 1909 after studying its affects in Australia (Bartik , 2005 . The United States established minimum wages in 1938 . Each state of the United States has its own minimum wages law along with federal minimum wages . Minimum wages consume been introduced in other parts of the world but they still remain lowThe minimum wage introduced in the United States was 0 .25 per hour tho legislation was introduced which set standards regarding overtime and child labor .

The sexual relation has the authority to pass minimum wage increases in the United States . The frequency of minimum wage increases has been five increases in the seventies and two increases in the 1980s . In 1997 Congress change magnitude the federal minimum wage to 5 .15 per hour (Bartik , 2005Several states have however modified the minimum wages according to the economy . There have also been changes inside cities to ensure that employees bottom of the inning meet their basic requirements (Bartik , 2005Employees demand for labor while workers are paid wages for their labor in markets . It is believed that rise in wages results in workers pursuing employment and spending slight time in leisure . During Clinton s presidency states were allowed to set minimum wages higher than federal minimum wage (Bartik , 2005 . before long thirty states have increased their minimum wage to a higher place the federal minimum wage . Some cities have minimum wages which are higher than even the state . Santa Fe , New Mexico has a minimum wage of 9 .50 per which is the highest in the United States . LivingSome people that the minimum wage level in the...If you want to get a full essay, order it on our website: Orderessay

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