Minimum wage laws continue to render debates from global and national economists regarding account and validity. Impeding the standardization of minimum wage laws impacts human wellbeing. Without them, the maxim of companies substantially underpaying workers, and the inveterate need for employment by a portion of the population, would collide to induce an immoral standard. In the broad sense of morality, intentionally underpaying workers widens the economic gap further destabilizing the equilibrium. The essence of the need for minimum wage laws can be debated with implications of economic turmoil pertinent to the bearings on purchasing power. In essence, valid moral reasoning and distributive justice would conclude that minimum wage should be set at a rate capable of sustaining livelihood. This statement stems from a non-cognitivist theory approach.
To establish that the minimum wage is fair and equitable, the protection of the labor force must become the normative statement. According to the Kantian approach to Business Ethics, the categorical imperative of morality claims that all humans are inherently worth something. If that worth was to be determined by the universal laws of a relatively immoral organization, the workforce would struggle to maintain their well-being and health. As a result of grueling protesting efforts, the Fair Labor Standards Act was established as a constitutional positive human right. Unfortunately, the amendments of this act have been desperately inconsistent with the incessant increase in inflation and decrease in purchasing power. Several states have taken the liberty to deliver the non-consequentialist human right of raising the minimum wage. With that being said, from an economic perspective this must be intricately regulated as the consequences are cumbersome. Raising the minimum wage significantly would stimulate consumer spending unfavorably. Conversely, a modest increase would grow the economy and increase worker productivity.
Visionary Writing 