Labour Market Themes, Issues and Controversies

The desire to improve living conditions and provide necessary goods is typical of human beings. Constant development and innovative activity made the production process in our economy highly technological: people are now often substituted by machines, although human factor stays irreplaceable. Labour is generally thought to be one of the three main factors of production along with land and c... read more

11 pages

3300 words

Economic Impact

Minimum wage means minimum sum of money that workers get per hour for their work. It is set by the government in order to protect unskilled and inexperienced workers from self will of employers and provide them with normal conditions of living for this wage. At first time federal minimum wage was adopted in the Fair Labor Standards Act and it was only 25 cents per hour in 1938. For more than... read more

2 pages

600 words

Minimum-wage employment

The issue which I have chosen to research during this course is the minimum wage. In particular, I am interested in how minimum-wage employment perpetuates poverty in the USA, provokes a further decline of the middle class, thus widening the gap between the wealthy and the have-nots. Logically, the target population can be described as low-income citizens of our country. According to the mos... read more

1 page

300 words

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