Responses Regarding Minimum Wages
回应文章代写 I get your support for minimum wage, and you seem to suggest that is long overdue. You have pointed out how inflation has affected the standard ···
To Brittany Skidmore
I get your support for minimum wage, and you seem to suggest that is long overdue. You have pointed out how inflation has affected the standard of living while employers continue to exploit them. However, what you have not considered is the economics behind federal intervention in introducing minimum wage. I will create a context on which minimum wage is based and should be derived.
The minimum wage is government intervention in labor market. Like any other market, there are natural forces of demand and supply. Workers are the suppliers while firms are the demand. The minimum wage is an increase in price of labor. According to the law of demand, the higher the prices, the lower the demand and vice versa. Workers will be willing to offer their services, but firms will not be ready to higher more to lower operational costs.
Nevertheless, the minimum wage is not only necessary but expedient (Coppola, 2014). Naturally, business people are guided by self-interests, and greediness for wealth can pay little for labor as long it is available. That where government intervention is needed; to keep business owners on check for the welfare of workers.
Word count: 191
至Brittany Skidmore 回应文章代写
Coppola, F. (2014). Why we need a minimum wage. Forbes. Retrieved from https://www.forbes.com/sites/francescoppola/2014/01/13/why-we-need-a-minimum-wage/#385effa4380b
To Linnea Axengren
You have an insightful view on the economic effect of an increase in minimum wage. A rise in minimum wage will indeed result from increases in the supply of labor lower in its demand. Thus, there will be labor surplus in the market-leading to unemployment. However, this is not the only rationale for government intervention in labor market.
The government seeks to protect those paid below a certain level to help them have sustainable life (Gershon, 2015). Labor market when left to function naturally can lead to proletarian and bourgeoise conditions. In absence of regulations and high unemployment firms tend to pay less. Firms will always want to produce at lowest costs available. Because labor is mostly at higher supply in many fields, workers can be forced to work little wages not to be unemployed.
Word Count: 137
至 Linnea Axengren 回应文章代写
您对提高最低工资的经济影响有深刻见解。 最低工资的提高确实是由于劳动力供应增加而低于需求。 这样，市场就会出现劳动力过剩，导致失业。 然而，这并不是政府干预劳动力市场的唯一理由。
政府寻求保护收入低于一定水平的人，以帮助他们过上可持续的生活（Gershon，2015 年）。 如果任其自然运转，劳动力市场会导致无产阶级和资产阶级状况。 在缺乏法规和高失业率的情况下，公司往往支付较少的费用。 企业总是希望以可用的最低成本进行生产。 由于劳动力在许多领域的供应量大多较高，因此工人可能被迫工作很少的工资以免失业。
Gershon, L. (2015). Six hundred years of government intervention in the labor markets. Retrieved from https://daily.jstor.org/six-hundred-years-of-government-intervention-in-the-labor-markets/