The minimum wage will see a drastic change this January. With minimum wage increasing from $11.60 to $14.00 in January and plateauing at $15.00 in January of 2019. Student minimum is also rising to $14.10, and liquor servers will just surpass thirteen dollars at $13.05. This change not only supports minimum wage workers through an income increase, but Ontario is also hiring 175 employment standard officers. These officers will benefit minimum wage workers by enforcing the new minimum wage and as
national minimum wage has a huge effect on small business and the employees of those businesses. The federal minimum wage should not be raised because it will ruin small businesses, increase poverty in america, and give a disadvantage to young adults. The most affected aspect of the economy from raising the minimum wage are the small businesses. Small businesses will quickly dwindle away from the raising of the national minimum wage. Consider a small pizza shop. An increase in the minimum wage of 1
Therefore the national minimum wage has a huge effect on small business and the employees of those businesses. The federal minimum wage should not be raised because it will ruin small businesses, increase poverty in America, and will negatively affect young adults more than other groups. The most affected segment of the economy by raising the minimum wage is small businesses. Small businesses will quickly dwindle away as a result of raising of the national minimum wage. As an example consider
The federal minimum wage has been a major political issue in American since it first came into effect in 1938 during president Franklin D. Roosevelt presidency. Over the years, many have wanted to raise the wage or leave it alone. The debate has been a problem in America over eighty years and will continue to be an issue as the economy changes. The federal minimum wage should not be raised because it will hurt small businesses, teenages/ young adults will be out of the work force, and will increase
The minimum wage for workers should be increased. First of all, raising the minimum wage would reduce the amount of people who are in poverty. Moreover, raising the minimum wage would lead to less premature deaths and allow many people to live healthier lives. Finally, raising the minimum wage would reduce the amount of crime the occurs. Let's take a look at some proof. If the minimum wage is increased for workers then there would be a decrease in the amount of people who are in poverty and allow
There are several positions highlighting the benefits and drawbacks of a minimum wage policy. The policy behind the use of a minimum wage and the effects of an increase in an established amount is debated every political cycle. The minimum wage is the term for the lower legal limit of pay (hourly, daily or monthly) that an employer can offer to an employee for their labor. I will not be taking a position on the topic on way or the other. First, we will look at the claim that a raise of the base
The minimum wage is currently $7.25 per hour and has not increased since 2009. This is one of the most controversial questions in America today, should the federal minimum wage be raised, lowered or eliminated? The minimum wage, which covers 90% of American workers, should be raised. Changes to the minimum wage would benefit the economy, society and possibly lift Americans out of poverty. Since 1938 the economy has recovered considerably from the Great Depression which began in 1929 and ended in
The Affects and Advantages of a Minimum Wage 180 Hour 3 Shakopee High School A common saying known throughout the business world, “time is money”, which applies to every aspect of every work place, yet a something is missing from that saying. The missing element is just how much your time is worth. Recently with new raises in minimum wage the United States is taking steps to come more closely to the equilibrium of how much employees should be paid. With the many, many issues in the United
The minimum wage for workers should be increased for a number of reasons. Generally speaking there are many benefits and circumstances on raising the minimum wage, but if we don’t take action on changing the amount people are getting paid then there will be some consequences. First of all, raising the minimum wage would reduce the number of people who are in poverty which is far greater than it needs to be. Moreover, raising the minimum wage would lead to less premature deaths and allow many people
Minimum wage is a contentious issue only because it is debated by a vast and eclectic audience that cares for the heart of the matter. Minimum wage is at the source of the economist 's main interest; in pursuit of discovering its connection to job loss. Countries all around the globe, maintain minimum wage laws without any noticeable fluctuation. For this reason, it is coming to an apparent importance to policy makers everywhere. Those that tend to earn a minimum wage are mainly coming from low income