“How does minimum wage affect a society” Minimum wage has been a topic of debate for many years. Some argue that it should be increased to help workers earn a living wage, while others believe that it will raise prices for consumers. With the cost of living increasing, many people are struggling to make ends meet on today's minimum wage. In this essay, I will provide information about the history of minimum wage, its current state, the implications of minimum wage policies, and their impact on society. Andrew Carnegie co-founded his first steel company in the early 1870s in the Pittsburgh area. He built a steel empire over the following few decades by owning the plants, raw materials, and transportation networks necessary to make …show more content…
It was run by William M. Wood and his lawful father Frederick Ayer. At its height in the 1920s, the company owned and operated 60 woolen mills throughout New England. The company's involvement in the Lawrence Textile Strike of 1912 is well-known. The American Woolen Company was born during the trust era. By the 1890s, overproduction, fierce rivalry, and poor management had virtually destroyed the New England textile sector. The pay and treatment of women and children in the workplace were at the center of this contentious topic. Women and children made up more than half of the workers. There were poor working conditions and low wages, and Lawrence had one of the highest death rates in the country. In 1912, when a 14-year-old child at one mill had his leg crushed in an elevator, workers went on strike. After police and strikers engaged in combat, three individuals died, and a fourth was killed months …show more content…
Many of the factories producing Nike products have been accused of providing poor working conditions and low wages. In Cambodia, more than 500 workers were hospitalized due to high temperatures and long working hours. In Indonesia, where many Nike products are produced, employees are paid the minimum wage of $1.25 per day, which is not enough to provide for basic necessities such as food, shelter, and healthcare. This lack of fair wages and working conditions has significant implications for society. It perpetuates a cycle of poverty for workers and their families, preventing them from accessing education or creating wealth. It also raises important ethical questions about how corporations should treat their employees. Should companies be allowed to take advantage of lower wages and poor conditions in other countries? Is it ethical to pay employees so little when the products they produce sell for much higher