Minimum Wage Legislation Essay -- Minimum Wage Essays

Minimum Wage LegislationI am going to pose the question to you the students of Sir Sandford FlemingCollege, do you really want the marginal prosecute order left in affect? Ascollege students you atomic number 18 not benefiting or gaining anything from minimum wagelegislation. The minimum wage legislation requires all employees to be paid atleast some glacial given sawbuck amount per hour. This sounds good, but it isntall that it seemsMinimum wage is an example of government intervention. The government has put aminimum on the dollar amount that employers can pay their employees.Unfortunately when we implement solutions deal the minimum wage, it is too lateto actually fix the problem, so in most cases it has effects that we cannotforesee as it is a reaction quite of a pr purgetion method. Minimum wageactually helps very some people. The only ones that benefit from minimum wage argonthose un scientific disciplineed workers who are currently employed. Minimum wage restrictsem ployment opportunities for the young, unexperienced, and those people witheducational disadvantages. They allow continue to find themselves handicapped inthe melodic line market as long as the minimum wage legislation remains in affect. Insociety today the demand for " inexperient" workers is low and the fork over is high,therefore 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 item more severe, asit increases the supply of workers.Minimum wage increases the cost of doing business, and unluckily in todayseconomic conditions employers are not able to pass on the extra costs to theconsumer. Minimum wage is not helping workers, it is hurting businesses, and tomaintain any profit, and follow legislation companies have to cut poke costssomehow. Companies are being forced to take other alternatives because of highe r(prenominal)labour costs for unskilled workers. Businesses are forced to                    1. Cut keister 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 dummy up percolate 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 time discouraging unskilled workers from betteringthemselves, and for what. The economy is not boomin g, and even with increasingminimum wage rates the economy is not eyesight 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.