Benefits Of Raising Minimum Wages

Raising the minimum wage federally is a big challenge for the United States to overcome. There are different perspectives across the people on whether the minimum wage is fair. A state reserves the power to adjust the minimum wage within the state. Raising the minimum wage in a state like California to fifteen dollars an hour would be great. Increasing the minimum wage will promote economic growth. I agree raising the minimum wage is the fairest way to help low wage workers, but disagree it is the most economically efficient way.

Ira Knight, who is an author of article “Let’s Make the Minimum Wage a Living Wage”, expresses an opinion that increasing the minimum wage would help all struggling workers and at the same time improve U.S economy. On the other side, Janice Steele in her article “Keep the Minimum Wage Where It Is” argues that raising the minimum wage would have bad effects on workers, consumers and small businesses. Ira Knight’s article seems to be the stronger of the two positions because her arguments are based on several recent studies, and last but not least, she had a personal experience with the minimum wage job.

Studies have shown that raising the minimum wage since the beginning have found that minimum wage hurts the poor and make the rich even more wealthy. When raising the minimum wage it tends to take away the low skilled and younger worker jobs for college and even high school students. Also, it keeps people on well-fare, and encourages people to drop out of high school. The findings in many articles all say the same thing that I will ultimately be saying in this paper. Raising the minimum wage will not help people, when wages are increased you will see that employment across the nation will decrease exponentially. People that are not well educated like high school dropouts, some criminals that are in the working field and many other teenage workers will all be let go from the current job. In the first year alone, when minimum wage was mandatory, it resulted in 30,000 to 50,000 jobs lost in the first. The facts are out and still happen every year that minimum wage is raised. History speaks for

Picture this: You are a single parent of two, you work 40 hours a week plus occasional overtime at a minimum wage paying job, you struggle to put food on the table to feed your family, and then you receive a call from the bank saying that your home is being foreclosed. This is the situation faced by thousands of Americans every year due to low income and wealth inequality. The federal minimum wage (FMW) as of April 2014 is $7.25, which is not enough to keep a family of two above the poverty line. There are certain questions on this topic that should be addressed, such as why is poverty and wealth distribution an issue in the United States today? Should the FMW be raised and why? How would raising the FMW affect American families? What are

The federal minimum wage has been in effect since The Great Depression. Recently, it has become a hotly contested issue. Should it be raised or not? The issue is a complicated one because some believe that more harm will come than good and many believe this because majority of people are misinformed on the impact raising minimum wage can have on the American economy and families. According to Cato Institute’s article on Reasons Not to Raise the Minimum Wage, the important or more discussed problems that are argued by antagonist are job loss, higher prices for consumers, and the little effect on reducing poverty. Although these problems seem significant, protagonist will say the war against poverty and income

Even though Ms.Steele considers the down fall of raising minimum wage, Mr.Knight provides clear evidence that raising minimum wage would help the America's economy.A 2011 study showed that increasing minimum wage lead to higher consumer spending.Another study showed that in the first six months of 2014 states that increased minimum wage, increased in jobs also.Last but not least, in 2014 University of Massachusetts Ameherst found that increasing minimum wage would lift 4.5 million Americans out of poverty and 3.5 million from food stamps.

The minimum wage is basically the lowest an employer can give there worker an hour, and abide by the labor laws. In most states the minimum wage is $7.25 per hour, but in California and Massachusetts the wages there is $10.00 per hour. Senator Bernie Sander agreed to living in poverty with the wage set at $7.25 per hour, and that if he made it into the office that he would introduce a bill to raise the wages all over to $15.00 per hour. The benefit of raising the wages would help low income families throughout the economy, and help with unemployment. Overall, this is based on our President and Congress whether a law like that can be passed.

Minimum wage should be increased to help reduce poverty in the United States. Increasing the minimum wage would also help stimulate the economy by giving low-income workers, who often live paycheck to paycheck with little or no savings, more money to spend. The national minimum wage has not been increased since 2009, and over the years has not kept pace with inflation, leaving a large gap between minimum wage and the cost of living. A boost in the national minimum wage would also encourage higher education and lower unemployment rates. The national minimum wage should be increased to help reduce poverty, boost the economy, encourage workers to join the workforce and continue their education, thereby raising the standard of living of American

Do you think the federal minimum wage should be raised? People working minimum wage jobs think the amount should be increased. The federal minimum wage is about $7.25 an hour. People are saying this amount is not enough money to live on and that's why so many people are living in poverty. The federal minimum wage should not be raised because raising it will hurt small businesses, increase poverty levels, and create job competition.

Raising the minimum wage is a very important public policy issue. Raising the minimum wage is a responsible policy that is supported by research and demanded by the American public. Each day, minimum wage workers across the country struggle to make ends meet and provide a decent life for their kids (Scott & Perez, 2016). Raising the minimum wage is a controversial issue, many believe that raising the minimum wage would only provide low wage workers more money to spend. However, the benefits can be endless for low wage workers. If minimum wage is increased across the United States it would afford the people effected more opportunities for financial freedom. Increasing the minimum wage would raise the standard of living for low wage workers, allow families to be removed from poverty, allow for government welfare spending to be reduced and lastly additional income being spent would positively affect the economy.

“Paying your employees well is not only the right thing to do, but it makes for good business”-Jim Sinegal, CEO of Costco. Many of America’s employees are not being paid well, however, for the annual income of a full-time employee who works year-round is less than $16,000 (about $15, 080) according to the current federal minimum wage (Rebuilding). To put into retrospect how out-dated the federal minimum wage is, consider that the minimum wage of 1956 amounted to exactly $7.93 in 2009 (Henderson). How progressive is it that our nation’s workers being paid less today than workers from the 50’s? The federal minimum wage should be raised in order to assist families out of poverty, to ensure the effort and loyalty of workers, and

Washuar and Neaumark’s study of the economic literature also found it “as largely solidifying the conventional view that minimum wages reduce employment among low-skilled workers” (qtd. in “Four Reasons”). A study conducted by Mark J. Hicks, the Director of the Center for Businesses and Economic Research and an associate professor at Ball State University, found that minimum wage increases on the state and the federal level, costed “roughly 550,000 fewer part-time jobs,” and “roughly 310,000 fewer teenagers working part-time” (qtd. in “Four

As time passes on, minimum wage seems to have a positive correlation, since it always appears to be on the rise. Taking a look at the minimum wage chart of Ontario, found in the appendix, readers can see that from June 1st, 2014 the general minimum wage was $10.25/per hour, but looking at a more current time period of October 1st 2015, we can see that it has risen to $11.25/per hour. In fact, not only has the general minimum wage risen over time, the student minimum wage, liquor servers minimum wage, hunting and fishing guides minimum wage and also homeworkers wage have also risen over the years. When people think of minimum wage increasing, they feel like it is a good thing because it means employees will be making more money. However, most people overlook where this money is coming from and how the company feels about

Minimum wage is the lowest hourly, monthly and daily salary that employers pay workers that is permitted by the law. Minimum wage can and is affecting different income earning. Minimum wage is based on the cost of living from the prior year. Raising minimum wage will benefit about 25 million workers across the country. The life of many americans is a day-to-day repeat. We wake up, prepare for our day, and off to our minimum wage jobs that never seems to pay enough for our living needs. No matter how hard he/she may work the pay remains the same. Many things needs to change in America and one of them being people time only being worth $10.50 an hour.

The minimum wage can often be the salary made at the starting point of a large career. It is the wage that many people commence earning when they are just starting work. For others, however, it can the measly, tiring, and meager wage that requires them to live paycheck to paycheck. This is starting a push for a higher federal minimum wage, thinking it will give succor to the individuals trapped in that position. However, the federal minimum wage should not be increased because it would hinder small business and augment competition among workers.