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http://www.valuesandcapitalism.com/minimum-wage-good-intentions-bad-policy/

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- The minimum wage was intended as a starting wage, but in today's world people are staying at this wage for long periods

- 50% of minimum wage earners in Seattle are over 25, this means that workers aren't growing form their initial starting wage. This is because the concept of the minimum wage does not promote the capitalist style of working hard to higher yourself, but instead working the bare minimum as your earnings could not be lower.

- Minimum wage actually promotes the low payment of low skilled workers as there would be no competition for workers wages which would have naturally increased worker salaries. Instead they would have no option but to work at the minimum wage

- This relates to the core of the issue that the government should not interfere in a persons wages as this isn't a consensual relationship.

- Minimum wage creates a situation which doesn’t promote economic growth but promotes stagnant but equal, which increases poverty

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Thirdly, several economic concepts prove that minimum wage is not a good policy. The lorenz curve and the Gini coefficients are economic concepts that show us the income inequality of a nation. After minimum wage was set in the U.S, the Gini coefficient increased, which means the income inequality increased. Minimum wage is actually increasing inequality rather than solving it. Also, in a competitive labor market, when there is no government interference, the market is a equilibrium and is producing efficiently. However, when the government comes in and sets a minimum wage, which is a price floor, the quantity supplied increases and the quantity demanded decreases. That creates an excess supply of labor and making firms to hire less workers, thus making the market inefficient. This results in the exact opposite of the purpose of the minimum wage. And is diminishing the economy.

Finally I have one question for the opposing party. A higher gini coefficient means a higher income inequality. USA, which has a minimum wage, had a gini coefficient of 37 in 2012. Denmark, which does not has a minimum wage had a gini coefficient of 24.3. Looking at this statistics, do you still think that minimum wage is needed? Even though the ultimate goal of minimum wage is not done being accomplished?

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the minimum wage was intended as a starting wage but it today's’ world people are staying at this wage for long periods 50% of minimum wage earners in Seattle are over 25, this means that workers aren't growing form their initial starting wage. This is because the concept of the minimum wage does not promote the capitalist style of working hard to higher yourself but instead working the bare minimum as your earnings could not be lower. Not only that but the minimum wage actually promotes the low payment of low skilled workers as there would be no competition for workers wages which would have naturally increased worker salaries. Instead you have no option but to work at minimum wage . This all relates to the core of the issue that the government should not interfere in a persons wages as this isn't a consensual relationship. This creates a situation which doesn’t promote economic growth but promotes stagnant but equal, which increases poverty. Due to this overarching issue, I ask the other group to justify this economic burden of the minimum wage

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- Usually people argue that an increased minimum wage will increase work productivity, however won't the workers actually be less productive since they know that they are automatically going to be paid more even if they don't work for it?
- Even though economists found that minimum wage explains about 30-40% of the rise of income inequality, do you still believe that minimum wage decreases the income gap instead?
- If the argument is about economic equality then in principle then why not play everyone the same amount
- Washington has the highest minimum wage yet the lowest teen employment given this disparity how can you say minimum wage promotes the hiring of low skilled workers
- due to increased minimum wages, small businesses aren't able to employ many workers, slowing their growth. Many growing economies depend on these growing businesses for employment and economic growth, given this issue isn't minimum wage slowing down a nation's economic growth

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Q: Even though minimum wage may kill jobs for unskilled workers, it does raise the overall unemployment. It also will only bring a 1-3% decrease in employment for teens if there is a 10% increase in wages.
A: Minimum wage may not raise overall unemployment, but it will still hurt jobs for teens or unskilled workers, which is what minimum wage was designed to help with.

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Minimum wages

There is no minimum salary stipulated in the UAE Labour Law, however, it broadly mentions that salaries must cover basic needs of the employees.

Article 63 of the law mentions that the minimum wage and cost of living index is determined either in general or for a particular area or a particular profession by virtue of a decree and consent of the Cabinet.

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Minimum wage  increases don't reduce poverty levels

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Minimum wage  increases don't reduce poverty levels

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-Most workers who work at minimum wage lives in nonpoor families and most of the working poor have a wage above the minimum wage.
- Relatively few poor households would benefit from a minimum wage increase even if there were no negative employment or other affects

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Economist Milton Friedman said that “one of the great mistakes is to judge policies and programs by their intentions rather than their results.”  

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Economist Milton Friedman said that “one of the great mistakes is to judge policies and programs by their intentions rather than their results.”  

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>> It is true that minimum wage's intention is beneficial to the society, however the results are rather harmful to the society

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-The minimum wage is targeted to increase the income of the poor people.
-However, many poor Americans are do not work, thus they don't even earn the minimum wage.
-Thus, minimum wage policy is not helping the target.

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How does minimum wage affect the economy

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How does minimum wage affect the economy

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- It increases consumer purchasing power and reduce employee turnovef
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- Minimum wage hurts job opportunities for low-skilled workers, as it reduces the demand for them.

- When the first minimum wage was implemented with 25 cents in 1938, there were significant job losses.

- Since there is minimum wage and it continues to increase, this prevents people who are willing to work for a low wage from working at all. This is because employers cannot hire them at the high minimum wage costs. Thus, this would increase the wage/income gap instead of decreasing it.

- If minimum wage were abolished, more jobs would be available for young and inexperienced workers, as they would be willing to work for low wages.

- In 2010, an analysis found that the increase in minimum wage accounted for about 550,000 fewer part-time jobs and about 310,000 fewer teenagers working part-time.

- Minimum wage hurts companies, especially small businesses who have to watch their budgets, as it forces companies to reduce the amount of workers they employ.

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-In a competitive labor market, wage is determined by supply and demand.
-Government's intervention (=minimum wage) which is setting a price floor leads to a surplus of labor. Thus firms would employ less workers than before, which increases unemployment rate.
-As firm's cost increase, firms employ less workers than before, leading more unemployment

-Do you think having minimum wage is more than reducing unemployment rate? Is minimum wage that worth enough to increase the unemployment rate?

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- When the first minimum wage was implemented with 25 cents in 1938, there were significant job losses
- Obama had to postpone a law increasing the minimum wage in American Samoa because of the big economic impacts
- In New York in 2012, when the minimum wage increased from $5.15 to $6.75 per hour, there was a 20.2 to 21.8% decrease of employment of young and less-educated individuals
- In 2010, an analysis found that the increase in minimum wage accounted for about 550,000 fewer part-time jobs and about 310,000 fewer teenagers working part-time.
- In a 2012 analysis, 7 studies since 1995 have shown that raising the minimum wage doesn't affect poverty.
- A study in 2012 found that minimum wage increases between 2003 and 2007 had no effect on state poverty rates.

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-if you raise the minimum wage, then you will raise rents, then you must build affordable housing, then you have tax people, then people move out of a city, then you must further raise taxes in the city hollowing out a metropolitan area , as one government policy has adverse effects

- it is vicious and cruel for a third party this being the government interfering in a consensual bargain between employer and employee and there is no consent in this relationship this creating indentured servitude

- if the argument is for less economic inequality then why not play everyone the same amount

- the minimum wage was intended as a starting wage but it today's’ world people are staying at this wage for long periods 50% of minimum wage earners in seattle are over 25, the minimum wage doesn’t promote economic growth but promotes stagnant but equal

- minimum wage is corrupt in theory as small businesses don’t benefit from minimum wage while bigger business flourish and economies such as Canada’s depend on small businesses for employment and this prevent them from employing due to having to pay high rates

- minimum wage promotes automation as companies will go to machines instead of the extra expense of having to pay labourers minimum wage

- if you cut such things as minimum wage then you create competition for labour and then wages would increase naturally

- washington has the highest minimum wage yet the lowest teen employment

- Increased competition for qualified workers was pushing managers to shell out wages of $11 to $14 an hour even before the law took effect.

-. Executives at restaurant groups fret that they will have less money for employee training and new ventures.

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We believe that the government should not set minimum wages. It is true that the intentions of minimum wages are truely for people. But, when we judge a policy, we look at the results, not the intentions. And, the actual results of minimum wages are deteriorating the economy. This is proven by statistic and basic economic concepts. In 2012 when the minimum wage was increased from $5.15 to $6.75 per hour, the unemployment rate of young and less-educated individuals increased from 20.2% to 21.8%. This leads to the argument of the disestablishment of the minimum wage.  The minimum wage is not only ineffective but also harmful for a populus. As government sets a wage floor, an excess supply occurs and the economy moves to disequilibrium. The government interference in the market between employer and employee is creating higher economic inequality, lower jobs and lower economic growth. Also, minimum wage increases the pressure and stress of small companies. This leads to the logical conclusion that we must take out this system as it hinders us as a society, and we invite the other party to answer the following; Even though the ultimate goal of minimum wage is not done being accomplished, do you think minimum wage is an effective and a needed policy?

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- Minimum wage lowers demand for workers and interferes economic freedom
- This prevents people who are willing to work for a low wage from working at all bc employers cannot hire them at the high minimum wage cost
- This hurts young adults who have few or no skills
- This actually increases the wage/income gap instead of decreasing it
- More jobs would be available for young and inexperienced workers since they would be willing to work for low wages
- It forces companies to reduce the amount of workers they employ
- It would help small businesses who have to watch their budgets
- It will get rid of poverty (people won't rely on the government and learn how to improve their lives themselves)

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Minimum wage: the lowest wage permitted by law or by a special agreement.

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Minimum wage: the lowest wage permitted by law or by a special agreement.

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Purpose
-to raise worker's income
-limit severe poverty and inequality

>>However minimum wage actually increases inequality

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>>Minimum wage accelerates income inequality
-Lorenz curve and Gini coefficient shows the income inequality
-As minimum wage increased in US, the Gini coefficient also increased, which means the income inequality increased.
-Minimum wage is actually increasing inequality rather than solving it
-USA,which has a minimum wage, had a gini coefficient of 37 in 2012. Denmark, which does not has a minimum wage had a gini coefficient of 24.3.

-Even though the ultimate goal of minimum wage is not done being accomplished, do you think minimum wage is an effective and a needed policy?