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The Minimum Wage

Alienation from one's self is an outcome of the mechanistic component of a social class.

These conditions lead to the estrangement of the individual from their humanity. Furthermore, on

a theoretical basis of alienation, the capitalist mode of production states that the worker is faced

with an invariable loss of the capability of the determination of one's life and destiny. This

happens at that point when one is deprived of the right of thought (conceiving) for oneself as the

sole director of their actions (Meer, Jonathan, 500).

This is further based on the determination of the said actions of the character such as

defining relations with other individuals and ownership of material possessions and the usage of

value in goods and services produced with their own labor. Even as the worker remains

autonomous, self-realization as a human being is an entity that is economic (Meer, Jonathan,

515). Therefore, it is on this premise that one is directed to the objectives and diversion of

activities based on the dictation of the bourgeoisie who hold their own means of production.

Furthermore, it is also to extract from the worker the effort maximum of the surplus value within

the course of business competition in the realm of industrialists.

Presently economists have a conclusion that is unanimous that wage controls are

destructive because they reduce available labor quantity and quality. In most instances in

comparison to the depictions in the textbook, wage control seems to be high known though, in

countries like Asia, it has not been entirely destructive. This is because there has been relaxation

over a period of years with rent stabilization in newer buildings being less is restriction

compared to older wage control (Ehrenberg, 14).

In addressing the disproportionate power of employers over employees, there is a need to

implement government-based policies that provide enforcement as a way of compelling

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employers to the improvement of working conditions (Ehrenberg, 24). This will ensure that

individuals, business organizations are provided with some form of protection with subsequent

violation by employers of employment and minimum wage codes meet the negative consequence

of displacement of employees more so low-income earners. It will also ensure managed

responsibility of employees by employers (Ehrenberg, 22).

Addressing inequality of lack of a minimum the issue can be resolved by the formulation of

government-based policy that aims at the fulfillment of the social contracts of the provision of

employment terms that are decent with all funding at the federal level. This is in addition to all

redistributive programs being funded at all required levels so as to ensure that all those with

needs have their needs met (Ehrenberg, 25).

In this case, the effect of price-quantity on minimum wage regarding popularity as a

representation of employee salary trends with market conditions shows an average increase in

the demand for minimum wage. This has been as an outcome of changes in marketing strategies

and increased positive appeal among employees than previous years. In this case, the demand

curve is not shifting but only the supply curve is dropping with an increase in the quantity

(Ehrenberg, 33). In addition, the price elasticity of demand is not fully elastic with no impact on

the increase in quantity.

In most American states tenants are under the coverage if rent control which translated into

rising to specific amounts annually in which case tenants without rent control can have increased

in rent to any amount within any time period at any time.

To sum up, industry information reveals that the minimum wage mandated by the federal

government with actual inflation adjustment terms (applying CPI) in addition to the rates on

unemployment of all workers with separation of workers from the age of 16-24. As such,
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increase in minimum wage as reflected by the outcomes that will lead to the firing of workers

leading to increased unemployment in the following months following specific previous

minimum wage increase.

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Works cited

Ehrenberg, Ronald G., and Robert S. Smith. Modern labor economics: Theory and public policy.

Routledge, 2016.

Meer, Jonathan, and Jeremy West. "Effects of the minimum wage on employment

dynamics." Journal of Human Resources 51.2 (2016): 500-522.