Minimum Wage
In America today, there is a national shortage of jobs. Beyond that, there is an alarming number of Americans who want the federal government to enact new laws and regulations without ever thinking what the consequences may be. There are issues over marijuana legalization, smaller class sizes, and limitations on free trade overseas; many think, "That is what's causing a shortage of jobs, right?" Wrong! The main reason American business owners are shipping our low paying jobs and/or our "production line" type jobs over to countries like Japan, India, and Bangkok is because the federal government has set so many limitations and requirements over what you can and can't pay a worker for his time that this country is not an attractive place to keep your jobs available. In this report, I intend to explain the minimum wage policies and give you a background of it. I will then present some explanation on what is happening to the business owners who have to deal with minimum wage. Next, I will go over the short run and long run impacts of a possible wage increase. After touching on some reasons people give for increasing minimum wage, I will present some alternatives to the current system and a conclusion.
But as he got older, he would receive a higher wage. That is what I would do for sure! Ha-ha. " (Newberry) I also placed a phone call to the Department of Labor to ask them a few questions. For example, where does the increase in wages come from? It sure will not come from government funding, a donation fund, or taxes. Furthermore, new jobs that would pay workers less than the minimum wage are never created, since those jobs are illegal. Look at the numbers: A full-time worker (working 2080 hours a year) earning $5. A low-skill job that is profitable to an employer at $5. That's how things work, if your costs go up, you're going to have to pass some of that along to the customer. Recently, congress attempted to raise it yet again, up another dollar to $6. With today's price floor, many businesses are hiring teenagers who are only worth $3. Using both enforcement and public education efforts, Wage and Hour strives to ensure that workers are paid the minimum wage. Here are the facts: an employer of full time employees, must pay minimum wage of 40 hours a week, overtime for any hour over 40, benefits, match the employees social security, and some are liable for hazard pay, holiday pay, educational level and pay, merit pay, severance pay, back pay, and commissions just to name a few.
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Acceptance Essays
