Minimum Wage Conflict Theory - 1501 Words

Christopher Ferraro Law and Society 10/10/17 Minimum Wage Argument Marx s conflict theory has a very distinct ideology, it is stated that it mainly focuses on the causes and effect of class conflict between the bourgeoisie and the proletariat. The Bourgeoisie represented the members of a higher society which held onto the majority of the wealth and means also known as the owners of the way of manufacture and the capitalistic. While the proletariat class was constructed by individuals who belong to the working class or the poor. While they would focus on the economical, societal, and governmental implications of the rise of the capitalist economy in Europe. With the rise of the capitalist economy, it was theorized that the bourgeoisie,†¦show more content†¦The Federal Labor Standard Act was originally being set by five individuals who would create a board, and had to keep the minimum wage under 1,200 per year, had to keep it under so many hours 40-50 per week, Items made by children were not prohibited to be sold, and t hey had to appoint an individual to consider the conditions in the work place of occupations before they were allowed to establish a specific wage standards. During this time, the Board went to a few stores (grocery, and clothing), and priced what it would cost for an individual to purchase food that would help them achieve the minimum required calories for a day for a week. Once the research was completed (didn t take long since they only went to stores in a specific area) they took the information that was gathered and used that to come up with an amount. In 1936 by President Roosevelt who signed the Fair Labor Standard Act(FLSA) making a federal minimum wage of .25 cents an hour (equivalent to $4.18 today)(Grossman) in order to maintain a â€Å"minimum standard of living necessary for health, efficiency and general well-being, without substantially curtailing employment†. This wage only affected about 20% of the entire labor force. The Fair labor Standards act was not alwa ys looked at being the best way to go, when it was enacted just like in today s society it was fought against to raise the minimum wage. Many corporations were arguing against the creation of theShow MoreRelatedThe Causes And Consequences Of Class Conflict Between The Bourgeoisie And The Proletariat1422 Words   |  6 PagesMarx s conflict theory has a very distinct ideology, it is stated that it mainly focuses on the causes and consequences of class conflict between the bourgeoisie and the proletariat. The Bourgeoisie represented the members of a higher society which held onto the majority of the wealth and means also known as the owners of the means of production and the capitalists. While the proletariat class was constructed by individuals who belong to the working class or the poor. Focusing on the economic, socialRead MoreThe Negative Effects Of The Minimum Wage1282 Words   |  6 PagesMinimum Wage Should the government raise minimum wage? Should the government lower or keep the current minimum wage? Minimum wage is a very controversial topic when it is discussed between all parties. For those arguing for minimum wage increase believe that it will bring people living below the poverty line above it. 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