Premium Essay

Minimum Should Be Abolished

In: Business and Management

Submitted By tumcharley
Words 982
Pages 4
Abolish the minimum wage The Federal minimum wage was signed into law in 1938 by President Roosevelt under the Fair Labor Standards Act (FLSA), with the objective of maintaining a “minimum standard of living necessary for healthy, efficiency, and general well being, without substantially curtailing employment.” It is important to note during this period of very high racial, gender and other inequality, some groups were at a disadvantage and very many businesses exploited the labor from these groups. It was therefore the role of government to protect these groups from being exploited.
Do we still need the minimum wage in this day and error? During 1936, there was very little information flow between the people. There was neither internet nor commercial television to disseminate information to the public; like we have today. To date we have laws against discrimination by race, gender or other groups both in the workplace and other social settings and the need for a minimum wage has out lived its usefulness. With the introduction of television and the internet, information sharing has made dissemination of information amongst the public so much easier and is readily available than was the case in 1938 when the minimum wage was introduced. To date, every worker will have at his or her fingertips the average acceptable wage for his or her labor, thus increasing the bargaining power of the worker. This means that a minimum wage set by the government is no longer necessary as the workers have all the information they need. In addition to having all the information, a minimum wage restricts workers from setting the price for their own labor. It is a worker’s right to set his or her own price. Given that workers have all the necessary information at their finger tips; thank to the improved technology, they should be given a chance to set their own labor price depending...

Similar Documents

Premium Essay


...Farm's managing on its farm visitors, this sudden change of the number of visitors could lead to collapses of its operations. These reasons discussed above clearly show that Gillian's demand forecast is not reliable. Hence, they have to forecast in the other way. Line Extension: Gillian wishes to increase the number of ice cream flavours from four to ten. However, this line extension can cause the following problems. First of all, many products of relatively lower demand items would be abolished due to their expiration dates. In1999, the Ice Cream Alliance published the date of top ten ice cream flavour in the UK in 1998 (Table 3). I can assume that, when Holly Farm produced all of these ten items, the share of each item in their products would be the same as the market shares of each flavour ice cream in the whole market. The items that total demands are less than1,516 litres per annum, hence below the fourth position, should not be produced because it is obvious that the items would be abolished...

Words: 717 - Pages: 3

Premium Essay

Capital Punishment in the Usa

...Capital punishment in the USA and the UK: history of the issue, current situation Capital punishment, or the death penalty, is the killing of a person by judicial process as a punishment for an offense. Crimes that can result in a death penalty are known as capital crimes or capital offences. The term capital originates from Latin capitalis, literally "regarding the head" (Latin caput). Hence, a capital crime was originally one punished by the severing of the head. Capital punishment has in the past been practiced in virtually every society, although currently only 58 nations actively practice it, with 95 countries abolishing it (the remainder having not used it for 10 years or allowing it only in exceptional circumstances such as wartime). It is a matter of active controversy in various countries and states, and positions can vary within a single political ideology or cultural region. In the European Union member states, Article 2 of the Charter of Fundamental Rights of the European Union prohibits the use of capital punishment.[2] Today, most countries are considered by Amnesty International as abolitionists, which allowed a vote on a nonbinding resolution to the UN to promote the abolition of the death penalty. However, over 60% of the world's population live in countries where executions take place insofar as the four most populous countries in the world (the People's Republic of China, India, United States and Indonesia) apply the death penalty and are unlikely to......

Words: 1413 - Pages: 6

Premium Essay

Minimum Wage

...Minimum wage legislation has been a topic of discussion for many years among economists. The first laws were introduced in Australia and New Zealand in order to protect minimum standard living for unskilled workers. At this point more than 90% of all countries have some kind of minimum wage legislation. However there are countries that do not set the minimum wage among those are: Germany, Finland, Iceland, Italy and other counties. Germany is the largest national economy in Europe. According to Central Intelligence Agency GDP of the country in 2011 is $2.94 trillion with real growth rate of 3.5%. Based on Trade Economic data unemployment rate of Germany in October 2011 was 6.5%. Despite the fact the Germany does not have a set minimum wage the average wages in western Germany is 27.9 euro per hour and 17.4 euro per our in Eastern German (source based on data from 03/2011). The wages there are higher than average wages in European Union or worldwide. Of course there are laws of the German Government that regulate dismissal of workers/maternity leave/ vacation/health benefits; but not minimal wages. Minimum wage is set by the Government in order to protect unskilled workers. It provides employees with guaranteed minimum amount of income from their work to survive and pay their bills. It protects mostly adults from loosing their jobs to teenagers or foreigners that are ready to work for less than a minimum wage. However there are...

Words: 935 - Pages: 4

Premium Essay

Should the Death Penalty Be Abolished?

...Should the Death Penalty be abolished? The international trend of stopping executing and abolishing the death penalty is obvious. For example, in 2011, there are nearly 200 countries in the world but only 21 countries execute the death penalty. In addition, 140 countries have already abolished the death penalty legally and practically (i.e. stop executing the death penalty). In the US, 17 states abolished the death penalty or sentenced the death penalty unconstitutional, including New Jersey (2007), New York (2007), New Mexico (2009), Illinois (2011) and Connecticut (2012). There are also a numbers of states that have suspended executions for many years. In 2007, United Nations General Assembly passed a resolution for the first time to implore all the members of the United Nations to stop using the death penalty. Since then, the United Nations General Assembly also declared the similar resolutions in 2008 and 2010 respectively and the most recent one was made in December 20, 2012. In 2007, 104 countries voted in favor of the resolution, while 54 voted against it. By 2012, there were 111 countries in favor, 41 countries against. The death penalty has two dimensions: one is the humanity between the individual life, another one is the rights among social communities and social members. The first dimension is a punishment executed by a specific public institution to the murderer once the murder happened between the the social members. In this dimension, the trace of the...

Words: 2041 - Pages: 9

Premium Essay

Minimum Wage

...Minimum Wage Everyone goes through their first minimum wage job as a learning experience. Whether it be bussing tables or cleaning rooms or answering phones for any money to spend on ourselves, before we can move on up to a supporting job. According to the U.S. Bureau of Labor, in 2011 almost 4 million workers in America, most of them older than twenty, only earned the federal minimum wage of $7.25 an hour. Today some people believe that raising minimum wage will lower the poverty level and others believe that it will have the opposite effect, and the statistics that it shouldn’t be raised. The first argument that advocates need to support is that workers must have enough to live on. Currently, a 40-hour working week for an employee at the federal minimum wage would make about $15,080 a year. This is just under the poverty line of $15,130, for a 2 person household. The problem with this is that over half of minimum-wage workers work less than 35 hours a week. This pushes them even farther from the poverty line. Workers need a minimum amount of income from their work to survive and pay the bills. Another problem with raising minimum wage is that adults who currently work for minimum wage are more likely to lose their jobs to teenagers who will work for much less. Supporters feel like if the minimum wage is raised it would help stimulate the economy. This could pour more money into the economy, because when a low income household is making more money, they will be more......

Words: 675 - Pages: 3

Free Essay

Mortgage Rice Price Policy in Thailand and Its Hiding Aim

...Mortgage rice price policy in Thailand and its hiding aim 08 Fall 08 Fall Abstract Thailand has had a great influence on the global rice market for decades due to its huge stock and export. Hence, the Thai government has intervened in the paddy rice market by introducing the mortgage rice price policy. The policy was first implemented in 1980 in order to resolve the low-price problem in the paddy rice market. However, in the 21st century the government attempted to re-issue the policy, even though the paddy rice market price was already high at that time, resulted in a marketing failure to both domestic and international markets. Furthermore, the cost of the policy was excessively high raising concerns that the main reasons for presenting the policy could not be purely economical. Therefore, I argue that there were political reasons behind the aim of amending the policy in 2001. This essay will examine this argument by providing the process of the policy, the effects and problems of the policy, the cost of the policy and the hidden aim of the policy. CONTENT * Introduction * The process of the mortgage rice price policy * The rice distribution system * The effects of the policy * The problems and errors of the policy * The cost of the policy * The hidden aim of the policy * Conclusion * References What was the main reason for presenting the mortgage rice price policy in...

Words: 2702 - Pages: 11

Premium Essay

Arguments Against Plea Bargaining

...Plea Bargaining: Should it be abolished in the United States criminal justice system? Millions of criminals each year are absolved of charges and set back into society, endangering all citizens, while millions of innocent individuals are deprived of their right to justice. This happens due, in part, to plea bargains made for the benefit of said criminal - not only does America’s justice system ignore the needs of innocent families in exchange for their salary, but they don’t bat an eye at the further harm done by the offenders after they so recklessly let them go. Thus, plea bargaining is a major factor in the grief of many families across the nation. “The very essence of deterrence is credibility.” (Source C) Criminals set back into society...

Words: 946 - Pages: 4

Premium Essay

The Death Penalty

...but how ethical is it really? The first capital punishment recorded on our land was in 1608. The hanging of George Kendall in Virginia’s Jamestown colony was for the offence of “spying for the Spanish.” In the following four centuries people will killed for crimes such as murder, rape, theft, witch craft, and many others (Bedau, Cassell, 2004). Innocent people are killed by capital punishment proving the age old saying “two wrongs do not make a right;” if a person murders another person that person should suffer the punishment of life imprisonment with no chance of parole and not be given an easy way out. Over the last century 139 countries have abolished execution for any crime starting in the 1940’s. The only eight countries had abolished capital punishment and six of those countries were in South and Central America (Sangiorgio, 2011). Abolishing capital punishment really took flight in the 1960’s and over the past two decades and least one country a year has abolished it leaving 58 retentionist countries often practicing capital punishment (Sangiorgio, 2011). In the mid-1990s, an average of 40 countries were known to carry out executions each year, at the beginning of this century executions were reported in 30 countries on average. Recently, 25 countries allegedly executed prisoners in 2008, while only 19 countries, the lowest number ever recorded by Amnesty International, did so in 2009 (Sangiorgio, 2011). Though the support for abolishing the death penalty......

Words: 1996 - Pages: 8

Free Essay

Capitalism and Freedom

...Capitalism and Freedom By: Milton Freidman In Milton Friedman’s book Capitalism and Freedom, Friedman presents his theory, which is the importance of a free economy that is, without government interference. He strongly believes the government should stay out of anything to do with the economy. Friedman is under the impression that any government that is not the most basic government is bad. He thinks that it is important to let the invisible hand do its job and that by interfering with the natural process the system will get messed up. He introduces some radical ideas such as non-licensed doctors and school vouchers. Friedman was under the impression that if doctors were not required to obtain licenses, a better breed of doctors would come along. He thinks that by allowing the modern doctors to dictate whom the future doctors will be the competition for better doctors is impaired. By putting guidelines on who can practice medicine the system is creating the same level of doctor consistency. Friedman disagrees with this process because he sees competition a driving force that makes people to be the best they can be. Therefore, by making want-to-be doctors conform to a certain mold, the cycle of survival of the fittest is ruined. No better doctors or forms of practicing medicine will come along if this process is stunted. Friedman is also for school vouchers. This system of vouchers is the idea of the government giving parents a certain amount of money to spend on their......

Words: 1129 - Pages: 5

Free Essay

Erving Goffman Stigma

...Socialists are inspired by the wish to improve the quality of life for all members of society. They believe in a political and social structure characterized by robust government direction in political, fiscal and and social strategy. Another important idea is the redistribution of wealth to equalize inequalities intrinsic in a free-market economy. Socialism emphasizes equality rather than achievement, and values workforce by the quantity of time they put in rather than by the amount of value they produce. It also makes people reliant on the state for everything from food to health care. Critical values of socialism are equality, solidarity, and empowerment throught collective action. Example of the socialist view can be found in the Socialist Labour Party on Education based on the believe that all individuals have a basic right to unrestricted, high-quality education from infancy through to old age,The Socialist Labour Party proposes the implementation of free creche, play group and nursery provision for all children, and full-time school-based nursery provision from the age of three. The Scocialist labour Party argues that All privatised education services, Such as faith schools,and private colleges and their assets must be returned to local public control.They argue that proper administration of nurseries, schools, colleges or universities is utterly incompatible with privatisation in any form. The Socialist Labour Party is dedicated to the full reinstatement of trade......

Words: 466 - Pages: 2

Free Essay

Tax Accountant

...A SURVEY OF THE UK TAX SYSTEM Stuart Adam Chris Frayne THE INSTITUTE FOR FISCAL STUDIES Briefing Note No. 9 A Survey of the UK Tax System IFS Briefing Note No. 9 Acknowledgement This paper was updated in November 2001 and was based on the original briefing note by Lucy Chennells, Andrew Dilnot and Nikki Roback, first published online in November 1999, then revised by the same authors in November 2000. The 2000 version can be downloaded at A Survey of the UK Tax System* by S. Adam and C. Frayne Updated November 2001 1. Introduction This document provides an overview of the UK tax system, describing how each of the main taxes works and setting their current state into the context of the past 22 years. We begin, in Section 2, with a brief assessment of the total amount of tax raised in the UK and the individual contribution made by each tax. In Section 3, we describe the structure of each of the main taxes: income tax; National Insurance contributions; value added tax and other indirect taxes; capital taxes such as capital gains tax and inheritance tax; corporation tax; taxes on North Sea oil production; local (council) tax; and the non-domestic property tax. The information given in these sections relates, where possible, to the tax system for the fiscal year 2001-2. In Section 4, we set the current system in the context of reforms that have taken place over the last 22 years. This section......

Words: 13377 - Pages: 54

Premium Essay

Min Wage

...Thorvaldsen 11/23/12 “Minimum Wages Should Be Raised” With one of the worst recession’s in the past decade, I guarantee that almost every single person in this country has been impacted by it, state and federal leaders are focusing on getting this economy back on track and helping working families ends meet. Raising min. wage is a key strategy in the recovery of is this economy. By boosting the wages for the working class on which they are relying most on, will not only restore the consumer spending that powers our country but will help other small businesses grow along with the hard worker men and women working those jobs, and most Americans will be able to come out of debt. Most Republicans and many Democrats oppose a rise in the minimum wage. Some economists believe it should be abolished altogether; in other words, businesses would be able to pay $1 or $7 per hour if they wanted, assuming they could find people to hire at the specified rate. According to the BLS In 2011, 73.9 million American workers age 16 and over were paid at hourly rates, representing 59.1 percent of all wage and salary workers. Among those paid by the hour, 1.7 million earned the exact minimum wage of $7.25 per hour. About 2.2million had wages below $7.25. 3.8 million workers with the wages at or below the federal level made up 5.2 percent of all hourly paid workers. There are 300 million people in the United States and approximately 80 million people get paid minimum wage, this just......

Words: 1618 - Pages: 7

Premium Essay

Death Sentence

...INTRODUCTION India as is seen during present days has changed its conscience towards a new penal jurisprudence in abolishing the capital punishment. This is to counter the plenary provisions of Article 5 of International Covenant on Civil and Political Rights, 1966 and its protocol in 1989 where the State parties believed that abolition of death penalty should be in the scale of enhancement of human dignity and progressive development of human rights and recalling Article 3 of Universal Declaration of Human Rights adopted on 10th December, 1948 as well as Article 21 of our Constitution.1 It can be judicially said “I don’t punish you for killing the man but so that the other cannot be killed.” That is, the chief aim of capital punishment is to make deterrent to others for same crime . Now this concept is having a new direction. The Supreme Court and High Courts in India interpret the cases before giving the death sentence as rarest of rare cases. The Court moves its eye also for other aspects of society. The landmark cases where death sentences were awarded in India are Ranga Billa case2, Indira Gandhi and Rajiv Gandhi Assassination case, Laxman Nayak case 3 and the lastly, it was awarded to Dhananjoy Chatterjee on 14th August, 2004 in connection with Hetal Parikh case of West Bengal after the Supreme Court affirmed the death sentence awarded by lower courts and President also refused to grant him pardon. In the year 2003,......

Words: 13513 - Pages: 55

Premium Essay

Government and Politics

...England’s uncodified constitution has seen a significant amount of change. Westminster has devolved some of its power, an Act protecting and stating human rights has been established and a referendum is due to be held in 2014 on whether or not Scotland should have a codified constitution. While one could argue that discussions as to whether the upper house should be elected or appointed have not yet reached a decision, and it has taken over a decade for a devolved assembly to have the chance to be independent, it would appear that constitutional changes have gone as far as they are ever going to, however it ... gone far enough. Parts of the British political system were seen as undemocratic, especially during Labour’s terms in office in the late 1990’s, in particular the House of Lords (HOL). The Labour government set out to remove all hereditary peers in 1999; instead they abolished all but 92 and now promoted life peers as an alternative. Many Lords and Ladies are offered a place in the HOL either for service, such as previous MP’s, or due to their particular knowledge in a field, such as Alan Sugar as he has a vast amount of knowledge in business. However this was the last reform made, no more hereditary peers have been abolished, the question on whether or not to make the upper house elected is still on-going and previous conservative MP’s still hold more seats than any other party thus making the HOL unrepresentative and undemocratic. Therefore many argue this......

Words: 2489 - Pages: 10

Premium Essay

Capital Punishment Should Be Stopped

...Introduction: Right to life, that life of every human being is very valuable, is a core concept of human civilization. All the major religions and philosophies declared that human life is inviolable. None has any right to take the life of another. If anybody takes the life of another, s/he will be punished with capital punishment. This basic proposition has been accepted by most of the earlier human societies and it has not been questioned until the modern humanitarian movement has taken momentum. Capital punishment is a relevant issue for every human society and it constitutes a “dilemma of hidden human divinity versus hubristic capital punishment.” The concept of a right to life is central to debates on the issues of capital punishment, euthanasia, self defense, abortion and war. In 1948, the Universal Declaration of Human Rights, adopted by the United Nations General Assembly declared in article three: “Everyone has the right to life, liberty, and security of person.” A central principle of a just society is that every person has an equal right to “life, liberty, and the pursuit of happiness.” Within that framework, an argument for capital punishment can be formulated along the following lines: some acts are so vile and so destructive of community that they invalidate the right of the perpetrator to membership and even to life. Those who violate the personhood of others, especially if this is done persistently as a habit must pay the ultimate penalty. This punishment must...

Words: 3503 - Pages: 15