Minimum Wage
Ideally, every day is viewed to be a bank account, and time is declared as our currency. With that fact no one is rich, no one is poor, we have got 24 hours each. Thus, through that aspect, we can define minimum wage as the lowest remuneration that employers or business owners are capable of paying legally to their workforce. Hence, it is considered as a price floor below which labourer’s or workforce may not be in a position to sell their labour.
History
Ideally, current minimum wage or pay regulation or law is capable of tracing their origin in connection to Ordinance of Laborers back in the year 1349. Which is viewed as a decree that was imposed by King Edward III that played the role of setting maximum wage for workers in the nation of medieval England. The king in the picture was known as the wealthy landowner, dependent just like other kings or lords, on serfs to labour the land. Thus, in the year 1348, a plague known as the Black Plague came in England and lowered the population resulting in a shortage of labour which enabled wages to soar. Thus, that encouraged the king to set wage ceiling (Metcalf& David 171-201).
In connection with the effects of the minimum wage, it caused a reduction in the rate of employment chances for the young youth and other adults, thus creating unemployment. Therefore, workforce missed out on the work training chances that had a possibility of being paid for by reduced wages upfront that in the aftermath would result in higher wages, and this took place precisely in England.
The benefit of Increase in Minimum Wage
Notedly, the real or actual value of the federal government minimum was has reduced to 24% from the year 1968. Nonetheless, currently, the federal government minimum wage of 7.25 dollars leaves a parent with two kids or youngsters thousands of dollars below the federal poverty line or threshold. Thus, in my perception, this is unacceptable. Therefore,Human Resource 2150, the RWA (Raise Wage Act) have that possibility of increasing the federal minimum wage to twelve dollars by the year 2020. Hence, eliminating the tipped minimum previous salary, and connect the minimum wage to hick in the median salary after the year 2020, for its value not to erode over the period. Nonetheless, in reference to the EPI (Economic Policy Institute) this modest increment would give a projection of x35 million workforces an increase of 28 million dollars directly and 7 million indirectly; thus, lifting a forecast of 4.5 million individuals out of poverty. Moreover, increasing the federal minimum wage can also stimulate consumers spending rate, assisting various businesses bottom line and enable the economy to grow(Silberman et al., 317-329).
.
The benefit of Increase in Minimum Wage
According to the CBO (Congressional Budget Office) given report assessing the economic effect of increasing the minimum wage to a level of 15 dollars in 2025 in six procedures found out that; one the benefits to the low-wage workforce of approximately 15 dollars estimated salary highly exceed the expense. Therefore, the report shows that a 15 dollar pay raise which is viewed as a minimum wage would hick the salary of millions of low-wage workforce, raising their average income of low and lower-middle-income families. Thus, it would decrease poverty, shifts cash precisely from the corporate profits of the low-wage workforce and decrease.
Disadvantages of Increase in Minimum Wage
An increase in the minimum wage has a con in that it is only meant for individuals or people with some form of little education and has attained some knowledge in an institution that enables them to qualify and be employed by corporates. Thus, it is not meant for all the citizens, and it a blow to those native that doesn’t possess the credentials that would enable them to be employed on the job entry-level. Moreover, there seems to be the existence of a lack of understanding in that those who would pay for these wages are the workers themselves. Hence, I can say that the minimum increase payment is no cure for poverty since it limits some individuals as mentioned above from benefiting; thus, in that perspective, it can’t do away with poverty. Notedly, if the minimum wage exceeds the prevailing market wage, the diverse workforce will have to face the possibility of them being unemployed. And this is because the evidence shows that 10% hick in the minimum wage would result in 1 to 3% fall in employment of specifically low-skilled workforcepersonnel (Waring et al., 65-86).
In conclusion, it is true as discussed above that minimum wage will the benefits to the low-wage workforce of approximately 15 dollars estimated payment highly exceed the expense while the disadvantage is that it will increase the level of poverty to some extend if implemented. However, payments should never remain the same due to fluctuations in the economy, leading to a high level of the living standard; thus, an increase in wage can cut for that aspect. In some instances, it will cause issues to the government since the majority of his citizens will be unemployed; thus can lead to an increase in crime rates within a state. Therefore, it is wise for all the citizens to check on their economic of scales to understand what minimum wage is in dept.
Work cited
Metcalf, David. “The British national minimum wage.” British Journal of Industrial Relations 37.2 (1999): 171-201.
Silberman, Jonathan I., and Garey C. Durden. “Determining legislative preferences on the minimum wage: An economic approach.” Journal of Political Economy 84.2 (1976): 317-329.
Waring, Peter, and John Lewer. “The no disadvantage test: Failing workers.” Labour & Industry: a journal of the social and economic relations of work 12.1 (2001): 65-86.
Get professional assignment help cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason may is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Our essay writers are graduates with diplomas, bachelor, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.
Why choose our academic writing service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Literature
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Finance
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
Computer science
Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!
Psychology
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
Nursing
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Sociology
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
Business
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
Statistics
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Law
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
Reasons being:
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY!!!
