Essays on Wage Hike

The current event that will be analyzed in this discussion is the news article entitled “Women, Southerners Most Likely to Earn Minimum Wage” (Soergel, n.p.). The news article offers various important information about the economic significance of having an equal labor treatment. Meaning, not all workers are able to experience some benefits like what others do. Primarily, the news article’s objective is to inform readers about the likelihood of some individuals to earn less than what other employees earn. Additionally, the article wants to persuade the readers in relation to the effects of education towards the future employment ...

1.0. Introduction to the Project Wal-Mart that is one of the giant industry players in grocery retail has launched a project in 2015. The project was centered on minimum wage hike to make it rise above the federal minimum level of wages. The company raised the salaries of its employee to $9 per hour that is $1.75 above the minimum wage limit defined by the Federal government (Kell, 2016). There are certain factors at the bottom of this wage increase. For example, Wal-Mart is renowned as the largest grocery chain of supermarket in the world, but its compensation plan ...

Introduction

The USA is now witnessing one of the highest income disparities in its history. Rich people are getting richer while poor people are getting poorer. One of the main challenges for the government is to ensure more equitable wealth distribution among the population. One of the most discussed techniques in recent years is “minimum wage”. Minimum wage in the USA is currently $7.25 per hour and a multi-year long debate between the Republicans and Democrats is going on upon the issue of increasing the minimum wage to $10.10 (Peters). This has become a major issue of political tussle between ...

Abstract

The objective of this paper is to analyze the impact of minimum wage laws on the economy as a whole. We have studied the background of minimum wage laws to understand the rationale behind the imposition of such rule. Though we find that the objective of imposition of the minimum wage act have only been partially satisfied as the benefits are hardly received by the poor workers, the benefit for the society as a whole is quite significant. Except for some loss in jobs in some industries the overall impact is positive as it induces more skill formation and ...

Is mandatory minimum wage hike to $15/hr good or bad for managers?

After a lengthy period of lobbying for increment of the minimum wage, Seattle became one of the first cities in the US to pass the law and begin its implementation on April 1 2015. The push to have the law passed for other places is gaining momentum with San Francisco adjusting its minimum wage to $11/hour and has plans to raise it to $15 by mid 2018 (ShiftWa). Other cities such as Berkeley are on course to increase the minimum wage to $12.53 next year. The law if passed in other states targets to increase the minimum wage from $7.25/hour ( ...

Summary

Minimum wage legislation is a very popular and populist issue. There are both economic and social needs to be addressed in the matter. There are also very highly opposing positions in the discussions. There are many arguments in favor minimum wage legislation. Perhaps, the most important among them are four rationales: poverty alleviation, reduce wage inequality, employee protection, and economic stimulation. Meanwhile, among the four more important arguments against minimum wage legislation are: increased unemployment, aggravated poverty, increased high school drop-out rate and prolonged unemployment periods, and reduced global competitiveness. In the light of the present world economic ...