• A Case Against The Minimum Wage
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    It sounds like very good news for the low-income workers and their families whenever the government increases the minimum wages. On the surface minimum wage laws seem like the best prescription to treat poverty and improve living standards of the working poor. Promoters of minimum wage laws are taking positions that such laws alleviate poverty and improve the conditions of life of the working poor. However, upon closer analytical examination, it can be seen that such laws have perverse effects. ...
  • Life After High School
    350 words
    I remember that towards the end of my senior year in high school, my parents suggested that I apply to a four-year college. They also offered to pay for the cost of going to college as long as I would go full-time and would start right after high school. They believed that I would be more prepared to challenge the real world by having a four-year college degree rather than just a high school diploma. Having a higher education made the difference in getting a good job with a decent salary. Unfort...
  • Minimum Wage Workers Employment Increase
    5,949 words
    History of the Minimum Wage. 1938 -- The minimum wage was first enacted into law as part of the Fair Labor Standards Act (FLSA) of 1938. The original minimum wage applied to workers engaged in interstate commerce and the production of goods for interstate commerce. In 1938, this applied to roughly 11. 0 million workers out of a total of 54. 9 million workers. The minimum wage was set at $0. 25 per hour... 1961 -- Amendments to the minimum wage law extend coverage primarily to employees in large...
  • Minimum Wage Increase Income Distribution
    522 words
    Minimum Wage In the United States Minimum Wage is approaching record lows. Even with recent increases inflation is one of the main reasons that workers are being paid less for labor than they were back in the Seventies. There are about 3 million workers in the United States that worked full time year round last year and still fell below the National poverty level. If everyone earns exactly the same amount of money, then the income distribution would be perfectly equal. If no one earns any money ...
  • Barbara Jordan Texas Wage Minimum
    505 words
    Barbara Jordan The book 'Barbara Jordan' is about a politician / humanitarian Barbara Jordan. Barbara Charlie Jordan was born on Febuary 21, 1936. In 1953, Barbara Jordan graduated from Phillis Wheatley High school; from there; she went on to Texas Southern University where she graduated magna cum laude. She then continued her education at Boston University Law School. Afterward she returned to Texas to work for a judge in Harris County. In 1960, she worked for the campaign to nominate John F. ...
  • Minimum Wage Legislation Workers Unskilled College
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    Minimum Wage Legislation am going to pose the question to you the students of Sir Sandford Fleming College, do you really want the minimum wage legislation left in affect? As college students you are not benefiting or gaining anything from minimum wage legislation. The minimum wage legislation requires all employees to be paid at least some fixed given dollar amount per hour. This sounds good, but it isn " tall that it seems! Minimum wage is an example of government intervention. The government ...
  • Minimum Wage Labour Effect Increase
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    Table of Contents Ch. Section Page Introduction 31 Economic efficiency of minimum wages 3 - 42 The effect on unemployment 43 The effect on use and cost of capital in production 44 The effect on cost of production and inflation 45 The effect on productivity 46 The effect on international competitiveness 47 The consequence for long-term sustainable economic growth and stability 4 - 58 The social consequence 59 Wage discrimination 510 Suggestions on dealing with unemployment 511 Literature consulte...
  • Nike Shoe Factory Controversy
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    Nike Shoe Factory Controversy There has been a lot of controversy lately about the working conditions and low wages in overseas Nike shoe factories. This controversy has affected thousands of overseas workers, hurt the economy of Indonesia, decreased the gross revenue generated by the Nike Corporation, and lowered the overall opinion of the corporation. Nike has worked diligently to combat this controversy and help find a solution to end this controversy and help everyone involved. The purpose o...
  • Min Wage Minimum Increase Increases
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    Should Minimum wage be increased? Introduction For many decades now, there has been heated debates concerning minimum wages and increases in those wages. Most people have a tendency to assume that when the minimum wage is increased people will benefit. They do not stop to think of the consequences that come from minimum wage increases. The general population merely assumes that people should make an adequate amount of income and never stop to consider the consequences, nor do they stop to consid...
  • Minimum Wage Small Dollar Businesses
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    Econ 102 - Research Paper " The Minimum-Wage Controversy " The Minimum-Wage Controversy When receiving paychecks, most employees will agree that one can never be paid enough, however, their employers may disagree with that statement and believe that they are getting paid far greater than they are entitled to. Thus creating a conflict between minimum wages. Minimum wage is the least amount of money that an employer may pay their employees. The federal minimum wage that is experienced by many memb...
  • Minimum Wage Jobs American Working
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    The Working Poor American factories can comprise of about up to 1000 workers. If American factories are shut down and moved to other countries, this takes many American people out of work. Companies are now also importing jobs. This is where employers hire people such as immigrants to work less than minimum wage. For that reason, many Americans are stuck with the other minimum wage, and low-paying jobs that barely get them through life. Because of this, many Americans are working full time jobs ...
  • My Political Party Affiliation
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    In With the Donkeys. Americans have been consumed by politics since the beginning. It is even easier now, especially in a presidential election year. It seems you can't watch television without seeing an advertisement for the Republican Party and the Democratic Party. While our political system does allow more then two parties, these two parties are the only two widely voted for year in year out. This leaves most Americans with the tough choice of deciding which party to vote for. The choice se...
  • Minimum Wages Wage Increase California
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    Minimum Wages It sounds simple raise the minimum wage, reward hard work, and strike a blow against the society's inequalities. It's an emotional argument that blurs out the truth and make's people forget one important economic lesson: There's no such thing as a free lunch. The minimum wage has not been increased since the industrial welfare commission raised it to $4. 25 an hour. The IWC and the legislature have not agreed since that time that any additional increase is justified because of Cali...
  • Minimum Wage People Raise Service
    710 words
    The Minimum Wage and Why We Should Leave it Alone When was the last time a 'value' meal from McDonald, let alone any other fast food chain, did not cost five dollars or more? When was the last time premium gas was under a dollar a gallon? It's hard to remember, isn't it? Wouldn't it be great if everything cost a nickel, like back in the good ol' days? According to the laws of economics, it's not logical for things to have gotten more expensive competition should drive prices down. Then why have ...
  • Minimum Wage Troubles People Workers Work
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    Increasing the minimum wage may help hard working families make ends meat. The first federal minimum wage in 1938. Started at $. 25 an hour. In 1968 it reached its peak value. Since then the value has fallen thirty percent, so that today's minimum wage of $5. 15 is equal to $4. 18 which is equivalent to the value in 1995 (women, 4). Some states have decided to raise the minimum wage above $5. 15 an hour even though the senate ultimately sets the minimum wage. There was a push to raise the minim...
  • Minimum Wage Increase Workers Economists
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    An increase now will boost income for the poorest workers without the danger of creating more unemployment. , states the New York Times in September 1999. Is this statement about an increase in minimum wage really true There are two sides to the debate about minimum wage that both hold valid points. The minimum wage is a major issue in the world of economics and politics. Political figures often prey on the publics general ignorance of economics and promise to increase the minimum wage. Economi...
  • Minimum Wage From Start To Finish
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    On Saturday, June 25, to avoid pocket vetoes 9 days after congress had adjourned, President Franklin D. Roosevelt signed 121 bills. Among those bills was a landmark latin the nation s social and economic development-Fair Labor Standards Act of 1938. Against a history of judicial opposition, the depression born FLSA had survived, not unscathed, more than a year of congressional altercation. In its final form, the act applied to industries whose combined employment represented only about one-fifth...
  • Is Minimum Wages Unconstitutional
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    Every nation in this world has specific ideas and beliefs associated with it. The French are associated with wine and fine food, while Italy is known for their geographic beauty. Up until 70 or so years ago the words Lassie Faire went hand and hand with the United States. Lassie Faire, or free market, was one of the major ideals that propitiated the foundation of this nation. Yet in the mid 1930 s the Federal Government pushed into law the Fair Labor Standards Act there by betraying the American...
  • Minimum Wage In Brazil
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    The Minimum Wage in Brazil Brazil has a population of 169 million people - is the country with the highest inequality index in the world, according to the 1999 Human Development Report of UNDP. About 80 percent of the population in the world have an average income below the average income of Brazil. Nevertheless, the richest 10% of Brazil's population receive 48% of the total income and the poorest 40% have a share of only 7% of the total income. This means that the average income of the rich is...
  • Living Wage Initiative Minimum Workers Set
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    The living wage initiative is a movement to pull the many families living at the poverty line, due to the underdeveloped minimum wage, into an income bracket that will allow them to provide basic needs for themselves. In order to completely understand the fuel behind the living wage initiative movement, the insufficiency of the current minimum wage, the people that would be benefiting from the ordinances, and how successful the programs might have and the future possibilities they might offer, m...