Minimum Wage Is The Minimum Amount Of Compensation An...

According to investopedia.com, â€Å"minimum wage is the minimum amount of compensation an employee must receive for performing labor. Minimum wages are typically established by contract or legislation by the government. As such, it is illegal to pay an employee.† The minimum wage is something that many people start off when commencing their own dependent life. Many lower classes depend on the minimum wage so that they can feed their families and try to live a prosperous life. The minimum wage in the United States can be underestimated, and many do not view it as an important role in the economy. The minimum wage in the U.S should be raised due to the positive effects it may have on the labor workers, the increase in productivity, and the benefits it may bring to minimum wage workers. Minimum wages are a very important aspect when it comes to evaluating the economic health of a country. The minimum wage is the one detail in a country’s economy in which many low class fa milies take into consideration. There are many families that struggle with having to buy groceries and being able to purchase items that the children require for schooling. As mentioned earlier on, the minimum wage is a substance in which many people of America live off of and hope for an increase in pay. Humans are constructed from proteins, carbon, and other scientific elements, but not require money as to make one human. The need for money in one’s life has increased over the course on this nation’s existence.Show MoreRelatedShould We Be Living Their Life? Essay1507 Words   |  7 Pagescurrently work in restaurants and other places of business within the food industry are demanding higher compensations without knowing the negative repercussions that could arise and take effect. It was recently discovered that, in 2014, around 71% of Americans favored an increase in minimum wages, yet less than half knew or understood the positive and negative effects that came wit h higher wages (procon.org). That is a very striking statistic and goes to show that people need to be educated beforeRead MoreTexas Labor Code Anti Discrimination Provisions1467 Words   |  6 Pagespeople who are infected. If companies are found to be in violation of these laws they can be held liable both locally and federally (Fox Davenport, 2013). To a small company being sued on this level can mean the end for a small company do to the amount of fines that can be levied on this company. The Texas Commission on Human Rights Act The Texas Commission on Human Rights Act or TCHRA is the state of Texas’ version of Title VII, prohibiting employment discrimination based on race, color, religionRead MoreState and Federal Systems of Government Essay1705 Words   |  7 Pagesand protect s employees from employers retaliation for exercising our rights under the laws or reporting violations to the proper authorities. As Bennett and Hartman explain, these laws Â…seek to make the power relationship between employer and employee one that is fair and equitable (Employment Law for Business, pg. 88). Employers have to adhere to these basic laws to stay out of court. In this paper I will describe how the federal and state systems of government differ in their application ofRead MoreThe Case Of Martinez V. Reemployment Assistance969 Words   |  4 PagesUnemployment compensation, currently renamed to Reemployment Assistance, is a mandated public benefit for eligible employees. 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