Increasing Minimum Wage In The United States

Since September 1, 1991 the federal minimum wage in America has been $7.25; over 30 states have raised their minimum wage to over that amount, and I feel like they should raise the minimum wage to one final salary. It would be extremely difficult to survive on $7.25; To make ends meet, It is most likely that someone working minimum wage will be working more than one job. This can be very hard on families with children because the parents are away so much. Some states that have higher minimum wages like Washington with a $11 an hour make the prices of living higher and so it does not make a major difference in life.

The federal minimum wage in the United States is currently $7.25 an hour. Increasing the minimum wage would lift approximately 900,000 people out of poverty. Forty-three million Americans are living in poverty due to low income, health care costs, childcare costs, college costs, and housing costs. The federal minimum wage should be raised because it keeps up with inflation and would scale down poverty levels.

party does not agree with raising the minimum wage a worker who is working full-time and is making minimum wage is receiving about $14,500 a year.

On November 9th, the voters of Maine chose to boost the states minimum wage. Raising the minimum wage intends to increase the living standard of low-level and low-skilled workers, specifically in service-sector jobs. However, sometimes it hurts the people it intends to help. Many economists have debated what the minimum wage should be that would benefit both the economy and society. Starting with John Maynard Keynes, economists have argued about the minimum wage for decades. Traditional economists argued that the labor market is in balance at equilibrium, however, Keynes argued that settling at equilibrium would not improve the labor market situation or properly stimulate aggregate demand.

Raise the minimum wage: In the United States, studies show that women tend to make up a disproportionate share of low-wage workers. In the field of education, men tends to go more to STEM than women and that also leads to high paying jobs for men. If we raise the minimum wage, this will help hardworking women to support their families. Approximately, women made up two-thirds of all minimum-wage workers in 2012. With the current federal minimum wage i.e. $7.25 per hour, someone working full time, only earn $15,080 a year round. People working full time with minimum wage is still below the poverty threshold for any family with children and single person is also not far above the poverty line. So, increasing the federal minimum wage to $10.10 an hour would help increase the wages for about 15 million women, which will help close the gender wage gap.

There will be inflation or rising costs for basic necessities such as housing, food, utilities, transportation and child care. Because of inflation, the minimum wage forces most of the people into poverty. If a person works full-time and his minimum wage is only $14500, and if he has two children this income is more than $4000 below the poverty line. So, increasing the minimum wage would rise almost a million people above the poverty line. But if minimum wages increases, it would result in the loss of jobs because employers would lay off workers to offset the additional labor cost. But, raising the minimum wage has multiple benefits. As an increase to minimum wage moves families above the poverty threshold, their need for public assistance

It's still a relatively new topic, minimum wage. Introduced in 1938, by President Franklin Roosevelt, it was a part of the creation of the Fair Labor Standards Act (FLSA). This act established “minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers.”(United States Department of Labor). At the present time of 1938, 25￠was quite a significant amount of money. However, now, the federal minimum wage has been set at $7.25 by President Obama in 2009. Within the past seventy years, many states have desired to raise their own minimum wage higher than that of the federal minimum. Presently, twenty-nine states have elected to pay their workers more rather than giving them the short-end of the stick.

Aaronson, Daniel (2001), "Price Pass-Through and the Minimum Wage", The Review of Economics and Statistics 83(1), 158-169.

The minimum wage was created in 1938 in order to give the people some sort of fair labor standards.the minimum wage should not be increase because it will hurt individuals and businesses and hurt the socio economic of equity by increasing the minimum wage some workers are gonna gain some but other are just going to be laid off because the businesses need more money for their employees.

A wage increase in our country would do a world of good rather than harm. This country is in dire need of a wage increase but just because it needs one doesn’t mean people shouldn’t read in between the lines and how it will be helpful. Minimum wage was always the status quo in this country there was a time where it didn’t exist. With time however, it established itself into our modern day society. Because of the growth of the country the minimum wage was left untouched forgetting what it was made to do in the first place. There are some negatives pertaining to raising the wage, some fictional others factual. Before, it was raised to compliment the normal amount money required for the standard of living for Americans. However, it never raised

Minimum wage is the lowest amount a business is allowed to pay its employers by law. In the past several years, many state legislators have been trying to increase this amount. Currently, in the state of Pennsylvania the minimum wage is $7.25 but in some states, such as California, it is up to $10 already (Whiteman.) This topic is of high interest to myself and others because a change in the minimum wage can have drastic affects on the economy. Many people want the government to pass new laws for a higher minimum wage; some want the wage up to fifteen dollars an hour. Increasing the minimum wage at such a large amount will have a major impact on the economy. This side argues that an increased minimum wage is just what the United States needs.

For many years now, president Obama and Congress have taken up the issue of minimum wage laws because lately it has become a sort of conflict in our society as well as our economy. There has been much discussion about what good can come to America’s low-wage workers and there has been the same amount of discussion on what possible negative effects this legislation may bring. Full-time workers should receive enough to support themselves and their families. The purpose of the minimum wage law is to lift up the under paid workers but those workers see themselves as being underpaid(). If the economy is constantly changing should not our wages?

The first minimum wage law was imposed in New Zealand in 1894; since then other countries have followed. Forty-four years later, the United States enacted The Fair Labor Standards Act (FLSA) of 1938 which set the United States minimum wage to $0.25 for workers who were covered. Since 1938, as the standard of living increases in the country, the minimum wage has been “raised 22 separate times–most recently, in July 2009, to $7.25 an hour” (Center for Poverty Research UC Davis; 2018), where it currently remains. Although there is a federal minimum wage, states and cities are allowed to set floor rates higher than the federal rate. Minnesota’s minimum wage is currently $7.87 but Minneapolis recently decided to raise their minimum wage to $15.

Increasing the minimum wage doesn't seem good for the British economy, it would do more harm than good. Giving people a more livable wage is great but I think it's more complicated than just increasing the minimum wage. As mentioned in the article it puts people like Ms. Von Der Heyde in difficult situations. Increasing the minimum wage seems to only be a realistic idea for big companies. Businesses with thousands of customers could potentially increase their prices by a small amount and have enough to account for the higher wages. While a small business such as the Georgian House Hotel would have to substantially increase prices or cut workers to afford the higher wages.

Would raising the minimum wage create more wealth in America? Anti-poverty groups certainly think so, persistently advocating for an increase of the federal minimum wage to $15 an hour, with black and Hispanic voters being the leading advocates at 89% and 71% of their population. Although setting the federal minimum wage to $15 an hour might sound like a compelling idea for some, doing so will incapacitate local businesses, and stagnate American prosperity. A minimum wage of $15 an hour will force families out of business, give rise to the unemployment rate, and generate less affordable goods and services. As Thomas Sowell (an African-American economist, and a Harvard university graduate) once put it, “the real minimum wage is zero.”