Minimum Wage Legislation Essay -- Minimum Wage Essays

stripped-down Wage LegislationI am going to get down the question to you the students of Sir Sandford FlemingCollege, do you really want the lower limit plight enactment left in affect? Ascollege students you are not eudaemoniaing or gaining whatsoeverthing from stripped-down wagelegislation. The borderline wage legislation requires all employees to be paying atleast some fixed given horse join per hour. This sounds good, but it isntall that it seemsMinimum wage is an example of organization intervention. The governing body has throw a nominal on the dollar amount that employers contribute pay their employees.Unfortunately when we implement solutions like the minimum wage, it is also lateto actually fix the problem, so in most cases it has personal effects that we cannotforesee as it is a reaction instead of a prevention method. Minimum wageactually helps very few people. The only ones that benefit from minimum wage arethose unskilled workers who are currently emplo yed. Minimum wage restrictsemployment opportunities for the young, unexperienced, and those people witheducational disadvantages. They will continue to meet themselves handicapped inthe job market as long as the minimum wage legislation remains in affect. In social club today the demand for "unskilled" workers is low and the supply is high,thitherfore there is a surplus of unskilled workers in the job market. The effectof a surplus drives down an individuals reservation wage, as they are willing todo and take anything for work. Minimum wage only makes this fact more severe, asit increases the supply of workers.Minimum wage increases the cost of doing business, and unfortunately in todays scotch conditions employers are not able to pass on the unornamented cost to theconsumer. Minimum wage is not helping workers, it is hurting businesses, and tomaintain any profit, and follow legislation companies incur to cut labour besomehow. Companies are being forced to take other alt ernatives because of higherlabour costs for unskilled workers. Businesses are forced to                    1. Cut back current employees hours                    2. not hire any more employees          &n... ... should be rated and fluctuated by these categories.Unfortunately minimum wage disregards all of this. Regardless of your education,skills, effort, you can still receive minimum wage. Minimum wage is a fixeddollar amount that is paid for many jobs that can not even be compared. Most ofthese jobs should have different pay rates, especially when the degree of skillis higher, but they dont.The government keeps increasing minimum wage, and making it tougher onbusinesses and at the same clock time discouraging unskilled workers from betteringthemselves, and for what. The economy is not booming, and even with increasingminimum wage rates the economy is not seeing any extra money being put back intocirculation. As well, the higher minimum wage rate keeps raising the level ofunemployment. I feel that if we put the burden on the people of Ontario to beand do the best they can that we would not need minimum wage. The skills that wecould produce would be widely demanded, so it would be to the benefit of manyother unskilled minimum wage earners to support the abolishment of minimum wagelegislation. You could receive better wages, and at the same time decrease theunemployment rate.