Abolish the Minimum Wage
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The paper discusses the Fair Minimum Wage Act of 2007 that aimed to improve the socioeconomic status of the nation's working poor. The paper presents the argument that this policy incorrectly associates a minimum wage with better working conditions for poor people. The paper contends that the minimum wage increases unemployment, primarily benefits middle class workers, not poor workers, and also creates a competitive weakness for American companies attempting to compete in the global marketplace. This paper therefore argues for the abolition of the federal minimum wage.
The Current State of the Law
The Current State of the Law
From the Paper:"During World War I, some states, such as Massachusetts, experimented with the introduction of minimum wage laws. Progressives lobbied for a similar policy to be passed at the national level. The federal government was slow to act on the issue, however and federal legislation "did not come until 1938, with the passage of the Fair Labor Standards Act (FLSA)" (Waltman 49). The FLSA set the federal minimum wage to immediately be 25 cents an hour. It also included provisions to incrementally increase the minimum wage to 40 cents an hour by 1945. Proponents of the bill reasoned that the incremental approach would give businesses some warning about the wage changes, allowing them to plan how to best address the increase in operational costs.
"Since its original passage, the FLSA has been amended by Congress to increase the minimum wage consistent with inflation and the nation's increased standard of living. For example, 1950, Congress amended the FLSA to increase the minimum wage to one dollar per hour. In 1969, the federal minimum wage was increased to 1.60 per hour.
"In 2007, the U.S. Congress voted to amend the Fair Labor Standards Act of 1938 to increase the federal minimum wage another time. The original amendment was called H.R.2 but after its passage, it became known as the Fair Minimum Wage Act of 2007 (U.S. GPO 1). The proposed amendment outlined incremental change, creating three distinct minimum wages to be imposed at certain dates over a two year period."
Sample of Sources Used:
- Kibbe, Mathew. "Policy Analysis, The minimum wage: Washington's perennial myth," Cato Policy Analysis No. 106. http://www.cato.org/pubs/pas/pa106.html.
- Sherk, James. "Minimum wage - another example of good intentions gone wrong," The Heritage Foundation, September 27, 2011. http://www.heritage.org/research/commentary/2011/09/minimum -wage-another-example-of-good-intentions-gone-wrong.
- Waltman, Jerold L. Minimum wage policy in Great Britain and the United States. New York: Algora Publishing, 2008.
- United States Department of Labor, "Minimum wage laws in the States," January 1, 2011. http://www.dol.gov/whd/minwage/america.htm.
- United States Government Printing Office (GPO), "H.R.2 Fair Minimum Wage Act of 2007," 110th Congress, First Session, January 10, 2007. http://www.gpo.gov/fdsys/pkg/BILLS- 110hr2pcs/pdf/BILLS-110hr2pcs.pdf.
Cite this Argumentative Essay:
Abolish the Minimum Wage (2014, January 20) Retrieved November 26, 2020, from https://www.academon.com/argumentative-essay/abolish-the-minimum-wage-153791/
"Abolish the Minimum Wage" 20 January 2014. Web. 26 November. 2020. <https://www.academon.com/argumentative-essay/abolish-the-minimum-wage-153791/>