I need help creating a thesis and an outline on Minimum wages and unemployment level. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. in the amount of minimum wage brings about reduction in the employment levels evidently seen with employment elasticity ranging from -0.1 to -0.2 amongst the teenagers and from -0.15 to -0.2 for the youths (Charles, 2002, p 89).Employers in a firm are bounded with the minimum wage law which is meant to prevent the employers from paying their employees rate below the minimum wage. This law is widely used in the present day countries. In UK and the USA, this law was only applicable to the women and the children. The extended use of the law was influenced by the period of the great depression. If the objective of the minimum wage was to ensure that employed achieved a worthy standard of living, then some provisions had to be made for those who are retrenched (Flinn, 2010, p58-62).During the imposition of the minimum wage by the responsible bodies, firms within that jurisdiction would not be permitted to pay less than what the responsible body mandates, for any service that they have received. For instance, this is when the governing body passes legislation that is meant to raise the wage bill from its initial of $6.72 per hour to $8.0 per hour. In line with the above minimum wages, at $8.0, supply of the labour service was 70,000 hours, but only 50,000 hours was what was in demand by the firms. Within a market with voluntary trade, the decisions of firms to hire its employees cannot be influenced with an external body, reason being the quantity of labour needed is normally established through the desire of the firm to buy but not the desire of the workers to sell (Joshua, 1999, p 123).Through the above discussion there is an assumption that, increasing the amount of minimum wage in a country, the number of employed individual would increase. In addition, there is an emerging possibility that everyone would be able to get a job. However, the number of hours that they initially worked would be reduced.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more