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Pro Minimum Wage Essay

861 Words4 Pages

In todays society minimum wgae is a hot topic that it heavily debated. The minimum wage is the lowest sum of money that companies must by law pay their employees for work-related services. Depending on the state or country you are in, the minimum wage is different, and it typically changes over time. Background The idea of a minimum wage first emerged in the early 20th century, when reformers and labor groups pushed for legislation that would place a floor on salaries. As part of the Fair Labor Standards Act, the first minimum wage law was enacted in the United States in 1938. Since then, numerous nations have passed minimum wage legislation to safeguard workers against exploitation and poverty. Example #1–Historical (pre-1900) The National …show more content…

He created a number of cars, most notably the Model T car, and revolutionized the auto industry by bringing the moving assembly line to the car manufacturing process. In 1914, Henry Ford started paying his unskilled workers $5 a day, which is roughly twice the average. Ford claimed he did this so they would have enough money to purchase his Model T cars. Other factory owners were outraged by the action, which generated major headlines and long hiring lines. In 1914, Henry Ford started paying his unskilled workers $5 a day, which is roughly twice the average. Ford claimed he did this so they would have enough money to purchase his Model T cars. Other factory owners were outraged by the action, which generated major headlines and long hiring lines. The decision by Ford to pay his employees more had a huge effect. His company was able to grow into an automobile powerhouse because to his ability to recruit and keep the greatest employees. Additionally, it encouraged other businesses to increase wages, which raised many workers' living standards. Finally, it contributed to the development of a new class of customers who were able to purchase automobiles and other items, which fueled economic expansion.The implication of Ford paying his employees more had far-reaching effects. He was able to recruit and keep the best workers by paying his employees more, and this helped him grow his business into the success that it is today. Additionally, it encouraged other businesses to increase wages, which raised many workers' living standards. Lastly, it contributed to the development of a new class of buyers who could afford vehicles and other items, which fueled economic

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