Minimum wage together with the jobs that pay near the minimum wage, play a crucial role in the united states labor force according to belman and wolfson (2014) research indicates that alterations in the minimum wage affect about 20-30 percent of the entire labor force. For newer research on the impacts of increasing the federal minimum wage to $1010, see raising the federal minimum wage to $1010 would lift wages for millions and provide a modest economic boost, released december 19, 2013 by highlighting the need to increase the federal minimum wage in his. Minimum wage laws set the minimum hourly wage a worker can be paid a minimum wage of $725, for example, means a worker cannot legally contract with an employer to work for below $725 an hour.
Free research papers, free research paper samples and free example research projects on minimum wage topics are plagiarized effectivepaperscom is professional research paper writing service which is committed to write top-quality custom research papers, term papers, essays, thesis papers and dissertations. Minimum wage and its relation to the economy research indicates that economics is a subject that touches on everybody's life directly or indirectly. The minimum wage research paper [meteor_slideshow slideshow=arp2″] the federal minimum wage increased from $515 to $585 in july 2007, then to $655 in july 2008 and to $725 in july 2009. Comparisons to national averages produce similar results of the 91 cases of minimum-wage increases during high unemployment, states saw their unemployment rate fare better than the national unemployment rate 51 times over the subsequent 12 months.
The poor the primary reason most people give for wanting to increase the minimum wage is that of helping poor people there are many studies that indicate the benefits are just as numerous as the damage done. Roosevelt signed into law fair labor standards act to establish minimum wages 1,805 words 4 pages an analysis of the webonomics and the minimum wage regression. From the research findings cited earlier, one can roughly translate these minimum wage increases into the overall job count among the studies that find job loss effects, estimated employment elasticities of −01 to −02 are at the lower range but are more defensible than the estimates of no employment effects. We are grateful to the institute increase in new jersey's minimum wage for research on poverty, university of wisconsin, for from $425 to $505 per hour comparisons. The paper published monday makes use of more detailed data than have been available in past research, drawing on state records of wages and hours for individual employees.
The research on the minimum wage can permit people to contribute to the discussion about the ongoing minimum wage policies in ontario and the relevant impacts of raising the minimum wage in this province this research paper will be divided into three parts. A 2004 study of available literature, the effect of minimum wage on prices, analyzed a wide variety of research on the impact of changes in the minimum wage the paper, from the university of leicester, found that firms tend to respond to minimum wage increases not by reducing production or employment, but by raising prices. The minimum wage has not been increased since the industrial welfare commission raised it to $425 an hour the iwc and the legislature have not agreed since that time that any additional increase is justif, research paper.
We study the impact of the minimum wage on firm exit in the restaurant industry, exploiting recent changes in the minimum wage at the city level research paper. Nber working paper series minimum wages and employment: a review of evidence from the new minimum wage research david neumark william wascher working paper 12663. The minimum wage [should/should not] be legally required because [provide your main claim for why the minimum wage should or should not be enforced by laws] starting sentence option 2: there is o-strong= debate in our society about whether or not the minimum wage should be required by law. For your research paper you could write about the issue of raising the minimum wage the federal minimum wage began during the great depression in 1938 at the rate of $025 an hour currently, the federal minimum wage is $725 per hour and is contemplating raising it to $1010.
This research analyses the policy background, agenda setting and formulation of the rationality of the setting minimum wage in the uk the challenges faced in the implementation stage are provided together with the explanations of its. Free essays available online are good but they will not follow the guidelines of your particular writing assignment if you need a custom term paper on sociology essays: minimum wage , you can hire a professional writer here to write you a high quality authentic essay. Research on the price response from minimum wage increases has typically found elasticities less than 001 in highly-affected industries such as fast food, indicating that for each 10% increase in the minimum wage, prices typically rose by less than 1.
To be able to put it all together, you'll want to give concrete examples (studies, known facts etc), in addition to your own opinion and observations, to support your argument that these are result of a low minimum wage. Research what cuomo gets wrong about the tipped wage governor andrew cuomo is eager to abolish new york's tipped wage so eager, in fact, that he's willing to justify his agenda with false data analysis from the restaurant opportunities center (roc. The minimum wage ordinance lowered low-wage employees' earnings by an average of $125 per month in 2016 evidence attributes more modest effects to the first wage increase.
The minimum wage must be raised - los angeles lawmakers tuesday voted to boost the minimum wage to $15 an hour by 2020, the largest city to try to help its lowest-paid workers survive amid the nation's growing income inequality. This article presents an overview of the issue of the rate of the minimum wage in the united states the fair minimum wage act of 2007 established that the federal minimum wage would increase from. 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.