How to write an essay on minimum wage

How to write an essay on minimum wage

The minimum wage policy is a controversial issue that many social groups have polarizing opinions about. That’s why, before researching the topic, you should make sure that the opposing views on the issue that you are exploring are not only exist in our society, but also resonate with the modern youth. That might be a crucial thing to do when writing a minimum wage essay for the first time. We recommend you to be especially careful when picking the subtopic because the young generation is a natural opposition to everyone, including the economists. So, in case if you are writing on something like the economy and the minimum wage laws, you would have to research quite a few sources on the given topic. The thing is that, every argument that you will have is automatically fitted to the main thesis statement of your essay. There is no need to prove that your every argument is right at every stage of the argumentation line. Just follow the simple steps and you are guaranteed to get a great written work on your essay on minimum wage.

The first thing that you need to do while looking for the sources is to choose the proper topic. Then you would be required to write a brief background on the issue. You can use some special topics, but the ones that you should be focused on are the most important ones. Let us explain what they mean. The words “the economy” and “the level of the income” mean the amount of money received by all citizens, as well as the measurement of it. The parameters of the analysis of the economy are given in the classical economics:

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  • The total amount of money received by all members in the form of wages, investments, benefits, and so on.
  • Possible growth in the economic activity of the country if the population will continue to grow.
  • If the society is accustomed to dealing with waste and has become accustomed to using the free services of the state social sphere, the probability of behavioral changes in the future is greater.
  • Social mobility. The opportunities to enter the social labor market depend on the level of mobility of the population. Most entrepreneurs enter the labor market because they cannot objectively evaluate their own skills, opportunities, and achievements. The level of social mobility is also determined by the level of the common education and culture. In other words, the economy depends on the level of the individual and social mobility.
  • The correlation between the growth in income and the social mobility is also worth mentioning. In the countries where, in order to move up the career ladder, you need to earn enough money to meet the daily needs of the family. The necessity of raising the children’s social status can be considered as the main factor in the income inequality essay thesis.

    The inequality of opportunities is also worth mentioning in the income inequality essay. In the richer countries of the world, there are more opportunities for entry into the labor market, which leads to more unemployment among locals. This pattern does not concern the type of the person who is employed in the labor market. In the past, the poor had no opportunity to work on a decent salary. However, now, in order to earn a decent salary, he must have a decent job. The obvious reason for this is the improvement of the standard of living which has occurred thanks to the hard work of the middle class.

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    The other important factor that should be taken into account when assessing the possibility of income inequality is the social and geographical mobility of the population. In other words, how the social structure of the country and the level of its income varies?

    Here is the example of how the income inequality is common in the middle class of the United States: the labor receipts dominate in the structure of the incomes of the middle class. Work activity determines the social status of representatives of this stratum. Unlike the elite groups, the share of income from property is lower, and, unlike poor, the share of social benefits is lower.

    The level of labor activity is more important than the level of all other social activities, since the middle class is one of the most important sources of income. Like the elite groups, the share of income from labor is higher. The balance of income between the middle class and the rest of the population is more positive. But the dynamics of economic activity is more even more abrupt.

    The middle class invests funds in real estate and liquid assets. Large corporations and organizations have big budgets, which, in turn, affects the middle class. Give in income inequality essay that, in the broad sense, the middle class is an independent social subject. But its members are also participants in other social processes: social consumption, political activity, etc.

    Explain to the readers of wealth inequality essay that the middle class is by no means a “class” but a “classical” middle stratum, the core of which is defined by the differences in the structure of income. It is the first layer of society, the first to suffer from the general social imbalance.