代寫：對競爭市場的分析
對競爭市場的分析提供了一個預測，即最低工資規律導致了社會的無謂損失。然而，在全球範圍內，各國政府都在使用這一政策。最低工資是指用人單位依法應當支付給勞動者的最低報酬。在等價性方面，它是基本價格，不應該降低出售勞動力。雖然這給社會帶來了無謂的損失，但已經發現，這一政策有助於提高員工的生活水平，減少貧困，減少不平等，促進道德，迫使組織保持更高的效率。未來，最低工資對於最小化失業的範圍和確保維持全球競爭至關重要(Bloom, 2014)。有幾個普遍的經濟條件支持這一政策，因此這是最可取的。有些勞動力需求和供給,通貨膨脹,正常和實際GDP水平的工資,差異和分配,就業,生產力的增長,勞動力成本、經營成本、趨勢和破產企業數量,經濟自由的排名,平均的工資和生活水平。
在紐約等大城市，失業率有下降的趨勢，因此創造就業和需求的空間不大。這似乎是一個大問題，因為沒有增加工資的空間，以提高就業的範圍。然而，這些地區的生活成本和不平等相當高。與更廉價的市場平台相比，這些城市的低工資工作只能帶來略高的報酬。然而，在小地方，仍然有很大範圍的高端工作(Bloom, 2014)。這說明有足夠健康的人能夠在價格上漲成為問題之前消化掉它。在工資上漲的情況下，商業組織可能會考慮減少招聘，增加對自動化和設備的投資。同時，這有助於提供同樣的服務和商品，同時降低勞動力成本。這是通過僱傭一些工資成本更高的人來實現的。這說明了替代對就業的影響。
代寫：對競爭市場的分析
The analysis of competitive market provides a prediction that the law of minimum wage leads in a deadweight loss for the society. However, all across the globe, governments have been using this policy. Minimum wage can be identified as the least remuneration that are to be paid by employers to the employees legally. In terms of equivalence, it is the base price which should not be reduced for the sale of labour. Though it results in the deadweight loss for the society, it has been identified that this policy is helpful in increasing the standard of living among employees, reducing poverty, reducing inequality, boosting morality and forcing organizations for maintaining more efficiency. Further ahead, minimum wages are crucial for minimizing the scope of lost jobs and ensuring the preservation of global competition (Bloom, 2014). There are several general economic conditions supporting the policy due to which this is most preferable. Some of these are labour demand and supply, inflation, normal and real GDP, levels of wage, differentials and distribution, terms of employment, growth of productivity, costs of labour, costs of business operations, the trend and number of bankruptcies, the rankings of economic freedom, the average prevailing rate of wage and the standards of living.
In big cities such as New York, unemployment holds the tendency of being lower and hence, there is not much scope in the creation of job and demand. This appears to be a big issue as there is lack of scope for increment of wage for the purpose of boosting the scope of employment. However, the costs of living and inequality are considerably high across these area. Jobs of low wage across these cities only make slightly more payment in comparison with cheaper market platforms. Yet in small places, there is still a significant scope of high end jobs (Bloom, 2014). This depicts that there are sufficiently healthy people for absorbing the increment in price before they end up becoming an issue. In the case of rising wages, business organizations may consider hiring less and investing more in automation and equipment. At the same point of time, this helps in providing the same services and goods while keeping down the costs of labour. This is done by the employment of some people at higher cost of wages. This depicts the effect of substitution on employment.