Minimum Wage in New Zealand

Introduction Inside of the Literature recapitulation, the writer will emphasize on the idea of a nominal salary that affects the current add in New Zealand. The main point of this Literature Review is to give an idea of the impacts of the positive and negative of the New Zealand prosecute rise. It also states some public debates that atomic number 18 between many companies whether a high net profits is better or low wages. It reflects on many stakeholders that are involved in the issue which helps us understand the minimum wage better. The question now is what is minimum wage? It is defined as low minutely depending on everyday work basis or monthly wage that is legally give to employees. Many employees work really tough to earn this pay because they either dont lease a proper degree or may break many other personal reasons. There is always an argument whether the minimum wage is effective for community to feature a good living or not. Some say it helps them have a normal life and reduces poverty. Others believe that if the minimum wage is good then it would increase the rate of unemployment especially for people who have no degree and some who are disabled to work. Obviously it would be biases because there are some who are skilled and some who are not. History The minimum wage started in 1894 in New Zealand (Timmins, 2006).

In many countries there is a legislation passed regarding minimum wage by 90% of the government. In many countries the rates are different such as in the U.S people are paid 25$ per hour under the Federal Law. The minimum wage is brought so that artless needs of the workers or employees are met (Labour Office, 2006). It just means that the lowest rate at which employees sell their labour. The reason that the minimum wage was set, because the government wanted to control the sweat shops in manufacturing industries. nigh of the employees that worked there were women and young teenagers. They set the rate by how such(prenominal) work they did. Many employees were dissatisfied because they... If you want to get a full essay, order it on our website: Orderessay

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