minimum wage law

MINIMUM WAGE LAW


The issue of introducing a minimum wage law seems very welcoming and at the same time, very unwelcoming. If the law is introduced, there will be a surge in the quality of lifestyle of millions of workers who are on the border line of diverging to poverty. Some other positive factors include increase in motivation of workers and elimination of unequal wages. The unwelcoming part of the law can be the increase in unemployment, increase in market prices and can eventually lead to inflation. This is a vital issue which not only concerns minimum wage workers, but also the general public.
Introducing a minimum wage law can have positive effects on the economy and the business growth in Canada. The raise in wages of millions of workers can lead to an increase in the quality of lifestyle. The current quality of life and the status of labour workers is very disturbing. Introduction of a new minimum wage law would reduce pove...