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Minimum Wage and Economic Growth, 2002.
This paper discusses the importance of minimum wage and addresses some questions connected with this legislation.
1,650 words (approx. 6.6 pages), 3 sources, £ 42.95
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Abstract
It has been found that while minimum wage's primary goal was to improve the standard of living of people, the workers in our country have been unable to reap the real benefits of this law because of the high rate of inflation. Secondly, some argue that minimum wage increases the rate of unemployment in the country too. But still minimum wage is an important legislation, which should not be repealed because if imposed correctly, it can have a positive impact on long-term economic growth.
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The Economic Consequences of Minimum Wage Legislation, 1994.
This paper discusses the economic consequences of Minimum Wage legislation: Pros and cons, examples, history, statistics, theory, wage subsidy and impact on workers.
2,025 words (approx. 8.1 pages), 7 sources, £ 49.95
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From the Paper
"The minimum-wage debate has become a continual topic in the 55 years since Franklin D. Roosevelt signed the law that put a floor under wages Business, backed by most economists, believe that raising the minimum wage destroys jobs by forcing employers to scale back hiring. Proponents of minimum-wage legislation point to people who have toiled in minimum-wage jobs, receiving the same hourly wage for the past 19 years despite inflation, and how difficult it is for these people make ends meet.
As the Clinton Administration prepares a new campaign to raise the minimum wage, the debate seems to be shifting to a point in the middle. While the Administration admits that a higher minimum wage could hurt employment growth temporarily, it ... "
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Minimum Wage, 2002.
Briefly discusses the history of the minimum wage and examines some of the legal aspects concerning minimum wage.
2,172 words (approx. 8.7 pages), 8 sources, MLA, £ 46.95
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Abstract
This paper looks at a variety of aspects regarding minimum wage. It looks at the laws enacted, the rates set, and exceptions to minimum wage laws. The deterioration of the buying power of minimum wage is addressed, and statistical evidence of this deterioration is provided. Also included is an account of the economic impact of minimum wages.
Brief History of Minimum Wage
United States Minimum Wage
Minimum Wages Economic Impact
Different States Minimum Wages
From the Paper
"The minimum wage as part of the Fair Labor Standards Act was passed in the year 1938. The first minimum wage was .25 per hour. However, it has increased over the decades with now as current federal minimum wage $5.15 per hour. But even with the increases, the Coalition on Human Needs has observed that the buying power of the federal minimum wage has deteriorated by almost twenty five percent over the last twenty years (about.com)."
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Inequality and Economic Growth, 2008.
An analysis of the relationship between inequality and national economic growth.
2,761 words (approx. 11.0 pages), 5 sources, APA, £ 57.95
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Abstract
This paper discusses whether inequality is necessary for economic growth to occur. It questions whether, in low development countries, economic growth is the result of equal distribution of income and if per capital income must reach a minimum level before income inequality decreases. The paper also looks at whether countries of unequal income distributions experience slower growth than more "equal" countries. Additionally, the paper discusses whether governments should be implementing policies of redistribution in order to aid the poor.
Table of Contents:
Introduction
Common Questions & Models
Global Data - Inequality Distribution Issues
Deinger and Squire: The Third and Arguably Most Important Question
Other Macroeconomic Research
A Microeconomic Model
Conclusion
From the Paper
"One would aim for the more optimistic view that equality and economic growth are compatible, because the current global state of regional poverty is a major problem, with no clear end in sight. This impresses an importance on determining a state whereby economic growth is possible alongside a simultaneous increase in the fortunes of the world's poor. However, researchers who have viewed the issue from afar tend to conclude that "the empirical evidence of the positive impact of greater equality on efficiency is still inconclusive" (Sharpe, 2003, p. 13). In other words, it may be naive to assume equality and economic growth is possible, particularly considering that much economic growth occurs in today's world based on the global phenomenon of inequality. However, researchers also conclude that "equally, there is little conclusive evidence of major negative effects on efficiency from equality" (ibid, p. 13), meaning that a relationship between economic growth and equality may be possible. It is up to further research to determine how this can be implemented in policy."
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An Argument Against Raising the Minimum Wage, 1999.
An economic analysis of the pros and cons of raising the minimum wage, including the Republican vs. Democrat viewpoint. Concludes from points raised that raising the minimum wage would harm society and the economy rather than help it.
1,579 words (approx. 6.3 pages), 2 sources, £ 35.95
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Abstract
This is an economic paper that argues that although partially beneficial, raising the minimum wage would in fact harm society and the economy more than it would help. The Republican versus Democratic views are compared and contrasted. Moreover, many economic issues such as the business cycle, and supply and demand, and taxes are implied and/or discussed.
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Minimum Wages, 2002.
This study will look at minimum wages through a cost-benefit perspective.
3,150 words (approx. 12.6 pages), 10 sources, £ 80.95
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Abstract
It makes no aims at solving the minimum wage debate, but does hope to provide the reader with a firm footing on the subject whereby s/he will be able to draw their own reasoned opinions and conclusions. For all readers, the unavoidable impression is that minimum wages, along with all price floors, interfere with the operation of market forces. In the case of genuine social problems, this is sometimes a good thing, when the benefits of intervention actually exceed the associated costs. With minimum wages, however, the results do seem to be at odds with the desired outcome. The evidence seems to suggest that minimum wages tend, on the whole, to increase unemployment in the low-skilled labour market; generally the very area that minimum wages seek to ameliorate. So, while the jury is still out on the effects of the minimum wage, it seems fair to say that regions that employ minimum wages should at the very least adopt a more cautious position on their use.
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Minimum Wage and Inflation, 2002.
An argument in favor of increasing minimum wages in greater increments in order to avoid the decline of living standards from inflation.
1,695 words (approx. 6.8 pages), 5 sources, APA, £ 37.95
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Abstract
The paper presents an argument for raising minimum wage increases in higher increments so that inflation does not erode living standards. The paper gives a background and history of the minimum wage explaining the original objective of the minimum wage compared to its current objective. A graph is provided showing the increase in minimum wage since its inception. Arguments are given for and against minimum wage laws. The paper also compares minimum wages in the United States with those in Canada showing how the law affects women and workers in the two countries. The paper discusses whether the minimum wage is appropriate for the future economy.
From the Paper
"Minimum wage is the lowest hourly salary that an employer is allowed to pay an employee for services rendered. The Federal Labor board sets the minimum hourly labor rates. The lowest hourly rates are decided by a *collective bargaining, an arbitration and a board action legislation. Minimum wage laws were passed to ensure that employees are reasonably compensated."
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Critical Thinking about Minimum Wage, 2006.
A discussion regarding the controversial debate about Canada's minimum wage.
2,025 words (approx. 8.1 pages), 5 sources, £ 55.95
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Abstract
This paper discusses how debate over increases to the minimum wage in Canada has been a commonplace since introduction of the Fair Wages Policy in the House of Commons in 1900. All provinces and territories in Canada have introduced minimum wage legislation and there is no national minimum wage standard across the country. Instead federal legislation generally reinforces provincial legislation in minimum wage. There exist wide differences in minimum wage legislation and levels between different provinces and even within the same province reflecting varying costs of living employment levels and even different legal traditions across the country.
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Minimum Wage Debate, 2006.
A discussion regarding the minimum wage issue in the USA.
1,112 words (approx. 4.4 pages), 3 sources, MLA, £ 26.95
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Abstract
This paper discusses the issues pertaining to the minimum wage debate. The paper reports that the minimum wage is set by Congress and therefore minimum wage is codified in federal law. Moreover, minimum wage was established as law in 1938 under the Fair Labor Standards Act (FLSA). The FLSA is presided over by the United States Department of Labor and minimum wage can only be changed by Congressional vote.
From the Paper
"Many states have opted for the establishment of what are sometimes called "living wages." The living wage is generally higher than the nationally established minimum wage and more accurately reflects the cost of living within the state. State minimum wages are occasionally linked to economic indicators; for example, Florida, Oregon, and Washington State each regulate minimum wage according to inflation rates (Economic Policy Institute). The method of changing a state's minimum wage differs depending on the lawmaking procedure in place in that state. State minimum wage policies may reflect the needs of specific industries within that state. For example, a state with an agriculture-based economy might present different wage policies for farm workers. Specific professions, including tip-earning professions, may also be exempt from minimum wage standards."
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Raising the Minimum Wage, 2008.
An analysis of the history of minimum wage increases in the US and whether changes are necessary in the current situation.
1,054 words (approx. 4.2 pages), 6 sources, MLA, £ 25.95
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Abstract
This paper discusses when and how minimum wage should be increased for employees. It looks at the history of minimum wage increases and then discusses the benefits and difficulties of wage increases for employers. The paper also looks at whether the minimum wage has finally reached an acceptable level which can now be deemed a livable wage or whether an increase in wages is necessary.
Table of Contents:
Introduction
Doubled Minimum Wage Results
Market Demand Curve
Company Affects
Conclusion
From the Paper
"Unfortunately when wage rates rise it must be performed across all employees within a company. This will result in a significant outlay for any corporation when raises are given or wage rates change. When such changes occur there is a significant change in the lowest hourly rate which will eventually follow through to other positions including those occupied by the skilled labor forces (Edwards 10). When such increases occur margin levels must also increase in order to support such increases in the corporate salary expenses. However when such increases occur, it is inevitable that the same number of employees will continue to populate the company as what did prior to the wage increases. The fact is that wage is usually not directly proportionally to increases in margin. The aggregate unemployment rate has varied between 4% and 8% over a period of 20 years (Overall Unemployment Rate in the Civilian Labor Force). However, the numbers of employees in the skilled labor force have increase by a significant number of employees."
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Minimum Wage, 2004.
Analyzes the case against the minimum wage in America.
1,330 words (approx. 5.3 pages), 5 sources, MLA, £ 30.95
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Abstract
This paper discusses the minimum wage and, in particular, why it does not work in America today. It looks at how the federal minimum wage was created to ensure American workers received adequate and fair wages during the Great Depression, when jobs were scarce and wages were abysmally low and how, today, the federal minimum wage stirs controversy and ire in many areas of American politics and business. It evaluates how the federal minimum wage has served its usefulness and how many believe there are now better ways to ensure workers receive adequate wages.
From the Paper
"Along with job loss, raising the minimum wage can also have severe affects in many other areas of the American economy. A rising minimum wage can make it more difficult for people to return to the workforce from welfare, and it can encourage high-school students to drop out, as many studies have shown, including this one: "Minimum wage jobs are often thought of as 'entry-level' jobs. The evidence in our data supports this view. Among the workers earning the minimum wage in the second year of our panels, 39.4% were not employed in the prior year" (Even & Macpherson, 2003, 676). This seems to support the theory that many high school and college-aged young people are leaving school for jobs."
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Statutory Minimum Wage, 2006.
The paper examines the main determinants of the effects of a statutory minimum wage in the U.K.
2,210 words (approx. 8.8 pages), 20 sources, APA, £ 47.95
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Abstract
This paper explains that an increase in the statutory minimum wage in the U.K. will not affect significantly the rate of employment or inflation but rather might help reduce the extent of low rates of pay; however, a raise would do little to provide living wages for U.K. workers. The author points out that the factors which will determine the effects of an increase in statutory pay on the economy are (1) the number of people or workers entitled to a pay increase, (2) the types of pay that might be included in the statutory regulations, (3) the hours of work the national minimum wage will assess, (4) the record requirements employers need to keep and (5) the extent to which the statutory minimum wage is enforced. The paper states that the theory that a statutory minimum wage would increase unemployment has not been grounded in much empirical evidence.
Table of Contents:
Introduction
Expected Effects and Theory
Conclusions
From the Paper
"Other theories including those of social economists suggest that wage setting should be based on "workers needs or socially defined levels of subsistence" (Figart, 2004, p. 3). This suggests that wage levels should be set at a point that allows consumers and employees access to the services and supplies they need to support their families and themselves. Along this line of thinking, the national statutory minimum wage should impose a positive effect, provided it climbs to the point where workers are receiving a sustainable living wage."
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Minimum Wages vs. The Working Poor., 2002.
Examines the potential effects of Canada's minimum wage policy.
1,900 words (approx. 7.6 pages), 6 sources, £ 49.95
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Abstract
This study examines the potential effects of Canada's minimum wage policy and finds that, based on the available evidence, certain sectors of Canada's workforce have the potential of be being negatively affected by minimum wage policies. Increased unemployment among lower wage workers and increased poverty are the policy's most visible consequences. Here, critical look at the country's minimum wage policy is taken and its negative qualities are brought to the fore. In the final analysis, it is argued that minimum wage policy is something that should be carefully reconsidered, if not abolished outright.
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The Minimum Wage Law, 2007.
This paper explores the positions of those for and against the minimum wage policy.
2,455 words (approx. 9.8 pages), 9 sources, MLA, £ 51.95
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Abstract
The paper discusses how the policy regarding a minimum wage has evoked considerable debate in recent times between the conservatives and the liberals. The paper examines the four main arguments forwarded by the supporters and opponents of minimum wage increase. The paper is of the opinion that the minimum wage law is one of the proven tools that can help to lift a significant proportion of the population above the poverty line. The paper strongly contends that it is the duty of the government to protect the most vulnerable sections of society and prevent the unequal distribution of incomes.
Outline:
Introduction
Arguments For and Against the Minimum Wage Law
Conclusion
From the Paper
"The need for a minimum wage law was felt largely due to the plight of the low-wage workers, especially women and children, who were forced to work in appalling conditions and for ridiculously low wages in the early decades after the Industrial Revolution. Unscrupulous employers ruthlessly exploited poorer workers by paying wages that were insufficient for meeting the necessities of life. In the United States, a widespread belief in the benefits of a laissez faire economy and suspicion against governmental interference prevented the adoption of a minimum wage law for a long time. However, cruel exploitation of workers by their employers during a superficial economic boom in the 1920s created dangerous levels of economic inequality, which was further worsened by the Great Depression."
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