The minimum wage is the lowest rate, by law, that employers may pay their workers.
Because state legislatures can set minimum wages higher than https://edu-essay.top/9c/69-simple-steps-to-write-a-literature-review.php federal minimum, there are vast differences in the minimum wage across the United States. Recently, local governments have begun to legislate their own minimum wage rate within city borders.
In recent years, bold action has been taken to raise wages for workers in some cities. The list of cities proposing to do the same is growing.
Good intentions Those fighting to increase the minimum wage advocate for struggling workers. Many people working low-wage jobs live paycheck to paycheck, especially families living on one income.
The increased sense of financial security, it is hoped, would create happier and more productive workers, and the increased spending power of those workers would benefit the economy.
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Tradeoffs The potential downside of a minimum wage policy is well known: setting a floor on wages can lead to unemployment. In response to an increase in the minimum wage, employers may eliminate positions or cut the hours of the very employees higher wages are intended to assist.
Employers may also choose to raise their prices, or go out of business entirely. Just how large these effects are is a matter of some debate. Like other economic decisions, minimum wage policy involves tradeoffs—giving up something to get something else.
Persuasive Essay Proposal: Minimum Wage, Klavans' Rhetoric and Civic Life
A good essay will focus on whether these tradeoffs are worth it. In making an argument, students should examine the evidence on both the benefits and costs of a higher minimum wage, including any benefits or costs not mentioned above.
Exceptions There are several current exceptions in who is paid the minimum wage. For example, in many states tipped workers may be paid less than the minimum wage if what they receive in tips added to their base rate equals the federal minimum wage. Others groups for whom exceptions apply include workers with disabilities, full-time students, youth under the age of 20, and prisoners.
Should these exceptions continue to apply? A wealth of possibilities This primer is far from the last word on the subject, but rather a spring board for students who want to write a good essay. Many resources are available to draw upon, and essays can take many different approaches.
Free Essays from Bartleby, Eliminate the Minimum Wage Darity Has described Sources against the minimum wage believe raising it will increase this gap, minimum wage should combine soft mechanisms (such as persuasion and. Check out our essay example on Raising the Minimum Wage to start writing!. Every year there is a huge debate at our country about raising minimum wages. Increasing minimum wage obviously has massive effect on the country's.
The judges will reward creative thinking in addition to careful research, persuasive writing and solid economic analysis. If you have any questions, email EssayContest mpls. Latest Content from the Minneapolis Fed.