How to write about minimum wage
The minimum wage policy is a controversial issue. That’s why, writing about minimum wage is especially interesting. There is a general consensus that raising the minimum wage should be done strongly in combination with the areas of the economy that require certain adjustments. viz. the economy, it is appropriate to study the issue of managing the parameters of the minimum wage in the economy. But since the society and the state of the world is very different from the model of the economy, every country has its own set of rules and norms, which make the minimum wage issue seemingly obvious. So, you could also argue about the appropriate level of the minimum wage for the official US income. After you are done with the history, next comes the most interesting part – coming up with the new taxes. Yes, they are connected – these are the tax rates, which the minimum wage for the low-wage workers is set at the rate of the actual value of the goods created by these people. If you are working on one of those issues, you could add in your minimum wage research paper that the current system of raising the minimum wage does not provide a sufficiently deep and sufficient understanding of the current situation in the market of labor. Instead, the vast majority of workers would agree with the approach of increasing the minimum wage based on the duties on the employers. Especially this problem would be the rationale for increasing the minimum wage based on the abilities of workers to set incomes independently. Again, this would be an argument for increasing the minimum wage based on the abilities of the poor to set incomes independently. Only the extremely high salaries would be able to cover the costs of this function. As we already know, the salaries of middle and senior managers are on average 10-15 times higher than the incomes of other workers.
However, when writing on an importance of income inequality essay, you might choose to write about the reverse side of the issue. For example, this could be the merit of increasing minimum wage. First of all, the world is already too rich to be able to pay for living so much for the poor. Therefore, these new workers would have to work harder than usual. That would make a positive difference in the types of income inequality essay if you would follow a few rules:
In case if the middle class is used as the instrument for controlling the positions of the ruling elite, then, most likely, it will be replaced by the upper class in the process of social transformation.
Mention in social inequality essay that, in the future, the middle class will continue to be a backbone of the national economy and therefore, contribute to the emergence of a new middle class.
The main business schools of the US belong to a hierarchical system which also may be called vertical. The first stage is the formation of a small elite of the US entrepreneurs. In a subsequent stage, the middle class will be supplemented and then lead to the top of the American economy.
So, you may note in your essay on income inequality that, in the future, the middle class will continue to serve as the economic foundation for the new American economy.
In Europe, the middle class is represented by professionals, politicians and experts.