Minimum wage is the lowest amount that employers can legally

Minimum wage is the lowest amount that employers can legally pay their workers per hour of labor. The first minimum wage law was passed in New Zealand in 1894. Since then, many other nations have adopted similar policies. In China, different provinces or cities have different minimum wages for their working citizens. These rates are not established randomly. In fact, they are the result of much research in economics, standard of living and inflation. Labor supply and the effects of unemployment are also considered when establishing a minimum wage.　　Some people support the policy of minimum wage, while others are against it. The following are opinions from both sides on this issue. Read the excerpts carefully and write your response in about 300 words, in which you should:　　1. summarize briefly the opinions from both sides, and then　　2. give your comment.　　Marks will be awarded for content relevance, content sufficiency, organization and language quality. Failure to follow the above instructions may result in a loss of marks.　　Many supporters of minimum wage say that it increases the standard of living and keeps people out of poverty. Those who are opposed to it tend to believe that it increases unemployment and harms less skilled workers. Minimum wage laws are established and upheld with certain goals. Those who support the laws believe that these goals are being adequately achieved and that this alone is enough justification to keep the laws in place. Minimum wage was initially established to reduce poverty. Establishing a minimum wage in China insures that people are paid properly for their work. Minimum wage also protects younger workers and minorities from being paid less than others to some extent.　　Supporters also believe that minimum wage stimulates consumption and thus puts more money into the economy by allowing low paid workers to spend more. They also believe that it may increase the work ethic of those who are paid little and thus benefit employers. It also encourages people to join the work force, rather than seek illegal means of earning money.　　People who are opposed to the idea of minimum wage believe that it is not accomplishing the goals designed to meet. In several instances, employment has decreased more than the increase in wages and thereby overall earnings are still reduced. Businesses are sometimes forced to hire fewer employees because they have to pay minimum wages. Thus, fewer people have jobs. Studies also show that very few low-wage workers actually come from families in poverty. Thus, minimum wage is more often imposed on the newly employed with the first job than on people who would otherwise be unemployed.　　Other opponents believe that it can cause inflation as businesses have to raise prices to accommodate the higher wages. They also believe it discourages further education of the poor.