Minimum wage Term Paper Example | Topics and Well Written Essays - 750 words

Minimum wage - Term Paper ExampleThere have been two proposals for bighearted minimum-wage and teen wages in the United States. Adults need the minimum-wage for living expenses and teens need them to learn the responsibility and pay expenses of their own. The research has uncovered many factors that impact upon these questions as well as the number of jobs that are attainable in the workforce. As the economy is changing, firms are questioning their future finances to meet the dual standards of minimum-wage and macrocosm growth. These issues overlap invariably for every superstar in the workplace as Hamilton firm studies give the results with minimum wage and the projected time it will take to rise step to the fore of the economic stagnation the country is in at the present time. Said one set of researchers, We also continue to explore the nations jobs snap or the number of jobs needed to return to pre-recession employment levels (Harris & Kearney, 2014). Figure 1.0 below denotes the overall impact of increasing minimum wage based upon the number of individuals deep down the workforce that would have been pushed out of poverty as a result of this increase.The issue of the minimum wage has been under discussion for many years. Ultimately, the United States is one of a handful of countries around the world that legally institutes a minimum wage that the worker is able to receive. This is done to ensure that the workers are not taken advantage of and paid less than a living wage. However, the fact of the matter is that a living wage, as minimum wage has much been referred to, is ultimately in effect, a subjective measurement. However, minimum wage is oftentimes utilized as a means of supporting entire families within the depress socioeconomic strata of the United States something it was never designed to do. When one considers the fact that the current rate of unemployment within the nations teenagers is in