Minimum wage of USA Assignment Example | Topics and Well Written Essays - 750 words

Minimum wage of USA - Assignment Example Pluralism thereby enables the coexistence of diverse interest groups. The second component of the theory is neocorporatism which defines the relationship that exists between interest groups and the government. Therefore cooperation between the interest groups and the government provides consistency in the formulation and implementation of policies for example financial policies. The primary focus of neocorporatism is on policies that directly relate to the economy. Negotiations involving various policies involve three parties including the business sector, labor sector and the government. Liaison between these parties must precede implementation of the policies in question. Pluralism advocates for coexistence of various interest groups in relation to inherent competition. This affects the potential passage of the bill in that if there is ambient coexistence amongst the interest groups, the bill is likely to go through especially when the groups are in agreement. Coexistence amongst the interest groups also makes policy coordination easier thereby the bill can be adequately debated by the interest groups on whether or not the minimum wage bill should be passed. This makes the procedure less cumbersome and the bill is likely to undergo passage if the groups are in agreement. On the contrary, if there is absence of pluralism then the interest groups may not coexist. What this means is that the possibility of passage of the bill is subject to various difficulties hence. For instance, lack of coexistence within the groups would mean that the groups cannot discuss and reach an agreement of whether to pass or reject the bill. The reason for this is the fact that, absence of coexistence makes coordination of the different interest groups difficult. As a result, the bill passing process will experience protraction and the passing of the bill is less likely (Stănculescu and Stanovnik, 2009). If passage of the bill reaches the implementation