Raising Minimum Wage
The people of America are all for raising minimum wage to fifteen dollars an hour but what the people do not know is that raising minimum wage is not going to help the people in poverty. Raising minimum wage is only going to hurt the people in the middle and lower class by making the cost of living go up, leaving the people with education based jobs making around the same income, and creating a bigger career mess.
If minimum wage is raised to fifteen dollars an hour then the lost of living is going to sky rocket for example in 1938 minimum wage was only twenty-five cents and the average yearly income was one thousand seven hundred and thirty one dollars but the average
There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.
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.
The first reason that America should not raise the minimum wage to $15 per hour is that millions of jobs being potentially lost. Do you remember the great depression ? Do you remember how millions of people lost their jobs? My father lost his job and our family had to dig into our life savings to stay afloat. Millions of jobs were lost and many people were forced on the streets because they could not pay their bills. This is related to raising the minimum wage in the way that this same effect may happen. More than 8.4 million americans work for minimum wage. If the minimum wage is suddenly increased to $15 per hour people will be fired to pay for the raise of the other workers. That will then cause jobs to become tighter and many people will be forced on the streets because they don't have a job to pay their bills. That will then have an effect similar to the great depression regarding jobs.
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By raising the minimum wage some people will no longer live below the poverty line, the amount of consumer spending will increase and more people will be in better health.
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
economy, decreases dependence on federal assistance, and is supported by our citizens. The minimum wage increase must be phased in over several years. The best plan is to increase the wage over time by increasing it 33% of the total change per year (roughly $2.58 increase in wages every year). Over 25 million workers would benefit from a fifteen dollar per hour minimum wage. United States workers who make between $7.25 and 9.83 per hour (first phase) would immediately get a boost in income. The workers just above the new minimum wage would also get an increase in wages to maintain internal pay scales, as would their superiors and so on (Pacitti, 2015). This ripple effect can lead to up to 25% more income for low-wage workers than the new minimum wage. This leads to an economic
Should America’s minimum wage be raised from $7.25 all the way to $15 an hour? Many are for raising it because they say it will decrease the amount of families living uncomfortably in poverty struggling to pay rent, feed their children, and make ends meet. But those who are against it, say it will increase the amount of businesses going bankrupt and will drive unemployment sky high. Critics of minimum wage say that minimum wage should be changed to living wage which will take the economy into account and would provide families with enough to live a comfortable lifestyle. Raising minimum wage in the United States to $15 an hour would be a bad idea for three reasons, earnings per share in even large stores would plummet, it would drive unemployment to an all-time high, and it will not take the economy into account.
Increasing the minimum wage causes middle class Americans have less money in their pockets to spend. Representatives of both businesses and charities have almost unanimously stated that they will be forced to reduce their hours and staff size to conform to the wage increase (Englander). The risk of getting laid off or getting your hours cut because of a wage increase is ludicrous, considering said increase is meant to benefit those same people. San Francisco has recently increased their minimum wage to $15 an hour, and is starting to struggle to support it. The number of households in the area earning less than $25,000 a year is steadily growing,
People should not suffer any longer. MAny people are in poverty because the minimum wage can not house one individual. The United States should raise the minimum wage to 15 dollars per An hour. After reading numerous articles, magazines, and studies, i am Able to conclude that The following three reasons is why the United States should raise the minimum wage to $15. It would Increase jobs and economic activity, it would reduce poverty, and Reduce Government welfare spending. Imagine getting hourly pay that is hardly enough to buy lunch, much less feed a family.Many people have shared the personal stories of living on minimum wage. A WOMAn named anita has four children working minimum wage. Two of her kids have special needs. As a mother she wants to be with her kids. As a mother she stRuggles if she should go on doctors appointment with them or work for food. She debates this every day on her way. She quotes”you can’t judge people who are working, but still need to get help. I’m not a lazy person, trust me. A raisin the minimum wage is just about fairness, and about giving people a fighting chance to achieve the American Dream.”
Almost everybody can remember their first job. Whether it was being a cashier at a grocery store or a fry cook at a fast food restaurant, it is likely that they will all mention the satisfaction of getting their first paycheck, even if it was just minimum wage. Today, minimum wage buys about 20% less than it did in 1981, sparking many debates about whether minimum wage should be raised (“Raise”). Though both sides have compelling arguments, the facts show that raising minimum wage would not be beneficial to the country in the long run.
⭐The minimum wage in the US is $7.25 an hour, and in more than 25 states it is even higher! This is a big problem and even though some think that raising the minimum wage is good economics, it actually would ruin the economy and many of the US citizens’ lives. This is because increasing the minimum wage would have negative effects like food price increases, loss of job opportunities, and less incentive for a higher education.
The American people have the common misconception of the idea regarding the minimum wage, most people want it raised as to increase monetary value of income to improve the lives of the working poor. However, this common idea may not be the best due to inclinations of statistics and graphs that show how the economy could be affected if the wage increased drastically or moderately. My stance on the minimum wage topic is actually to not raise it, from the look of articles, newspapers, and statistics, if we raise the minimum wage to 15 dollars per hour that could have drastic and negative change in the economy. The only reason why this topic is debatable is due to the fact that the first few years of increasing minimum wage would
As a teenager, getting hired for a minimum wage paying job meant you'd finally be earning your own money to put into savings to use as you please. For some minimum wage earners, this is not the case, given that they are a single parent without education living paycheck to paycheck. These people are the citizens fighting for an income of $15/hour. This issue has split the country in two, with arising issues such as the effect on the economy after the pay raise and if $15 is asking too much for such a basic skill level job, making it obvious that it is time for a change. Although minimum wage is a low income for an individual trying to raise a family, "this is where the harsh reality sets in: minimum wage jobs are not intended to enable people to raise a family of five on", and for that reason and many more, the minimum wage should not be raised to $15/hour (Hawkins).
Americans workers are the soul and driving force of the US that allow for the prosperity that most experience today. But what about the ones who do not experience such living? These are the people affected by minimum wage that account for 2.6 million workers (16 and older), or 3.3% of the US population. Raising the federal minimum wage would allow for 41 million workers to have their wages lifted and achieve the happiness of living in comfort. First of all, minimum wage has ways of keeping the economy in place and controlling it. For example, the Economic Policy Institute researched how raising the minimum wage from $7.25 to $15 effects the economy drastically as they said,”the rising wage floor would generate $144 billion in additional wages...because lower-paid workers spend much of their extra earnings, this injection of wages would help stimulate the economy and spur greater business activity and job growth”(EPI). The researches have found that by raising the minimum wage; this would allow for a total of