Living on minimum wage with companies that pay with the bare minimum has never been a walk in the park for anyone. Whether you are an individual that lives by yourself or a parent that has children to take care of, minimum wage doesn’t provide enough to live a comfortable life. Many people say that if the minimum wage is raised, there will be negative repercussions. However, there is evidence that shows the complete opposite. This evidence would include how living conditions would improve, happier employees result in better work output, and there would be an increase in sales due to people being able to afford more. Raising the minimum wage to match rates of inflation would benefit and improve lives. The life of someone whose only choice to make a living is through a low paying, minimum wage job isn’t easy. One of these …show more content…
Employees don’t seem as miserable to go to their minimum wage jobs when they feel like they’re being paid fairly for the work they are contributing to. More money for the employees takes stress off their backs because living on minimum wages makes things tight. Raising it will give these employees a bit of wiggle room. Michael Ungar wrote an article on the psychology of what could happen if the minimum wage was raised. In his article, he talks about how family life would be improved because parents will be less stressed. Workers of companies will be less stressed about making ends meet when they have extra money to use as they please. An example of a company that took it into their own hands to show their employees that their work needed to be valued more is Costco. Costco pays their starting hourly employees $11.50 and an average of $20 or more. Their employees are also given health benefits, which makes people even happier when they know they’re covered when they get sick. Companies also benefit from raising the minimum
Should minimum wage be raised? Minimum wage should be raised because we want a town filled with
I'm tackling the topic of increasing the minimum wage of employee. Most people in america live on minimum wage and some people even work full time. the lower the income the higher support from the government you will get. In my opinion, i don't think we should increase our minimum wages because it will effect small business, the unemployment rates will increase, and increase of price control.
Government decided to increase the minimum wage because of complains of employees about amount of minimum wage. I am sure that government did not intend this problem, but it is going wrong way. As minimum wage increases, unemployment rate of young people goes up. Entry-level job is very important for young people to get experienced. However, these jobs are getting substituted by robots. So, increment of minimum wage made unemployment rate rise in
Does minimum wage effect our life? The minimum pay is the lowest wage permitted by law or by a special agreement. It started in 1938 from $0.25/hr to the current $7.25/hr and the highest minimum wage was in 1968 which is 10.85/hr. The last increased was—to $5.85 in July, 2007, to $6.55 in July, 2008, and to $7.25 in July 2009. Some people believe that raising minimum wage cause jobs loss. However, it is important to ensure raising minimum income because it supports poor families and increase the economy.
I agree with you, I think that if we are going to raise the minimum wage for workers education we also need to make a raise for those that have an education. I see where you are coming from, it wouln't be fair if a person without education was making $15 an hour and a person with a degree would be making the same. However, I understand why we would need to raise the minimum wage for those without an education because they have the jobs that no one wants. I don't necessary think it's their fault that they can't find better jobs because some of them couldn't afford an education. I see both side to this situation.
There is an argument as to whether the government should be involved in controlling the minimum wage. There needs to be a fair wage and without a law against unfair pay many people would not be able to have enough money to survive so therefore,The government should be involved in raising the minimum wage because it needs to be raised, raising it will help our economy,and the minimum wage protects the poor and inexperienced.
Minimum wages is major issue that middle and lower-income workers face today. It is the smallest amount of money that an employer must pay to his workers by law. The establishment of the law was in 1938 and it was called the Fair Labor Standard Act. Many hourly paid workers are protesting in almost every state in the US to raising the minimum wages. However, my adversary like some Republicans would say that the raising the minimum wage would hurt the economy that was already fragile. The point that they are making is understandable, however, the minimum wages should still be raised because of many reasons. Raising the minimum wages will help many hourly worker including low-income families, single mothers
The minimum wage is the lowest wage employers are to give an employee for every hour working . In the United states this was not always the case, it was not until the end of 1800 some sort of regulation was established. In 1984 New Zealand published the first minimum wage law (Smith, Halpen 2018). As other countries adopted this law United States also created their own version as they released The Fair Labor Standards Act of 1938 (FLSA) . This established a minimum wage and overtime pay. The new law at that time also required some form of recordkeeping for the first time, along with setting a standard for youth employment, for full-time and part-time workers in the private sector, Federal State, and local governments. During this time
Minimum wage is a very controversial topic nowadays. This cartoon is symbolizing the conflict between the two people whether the minimum wage should be raised or not. People are always looking for a job or want to get a new job. The employer can force people to work for a very low salary. Even though he or she can afford to pay the employees more, they will not do it. The employer can only pay the employees low salary because he or she wants a higher profit. People now want to raise the minimum wage. By examining the high cost for employers, not supporting families, and raising taxes, people will see that they do not want to raise the minimum wage.
On June 1st 2014 minimum wage was increased by 75-cents thanks to more than a year of organizing across the province. Even with this increase from 10.25 to 11.00 per hour, more than 16% of full-time workers are still left living below the poverty line. Not only are employees’ lives being deprived but also their families. This is a moral imperative, but also it is an economic issue. How will increasing minimum wage better society? A strong minimum wage can help businesses, our economy recover and working families.
On the ladder of economic success, minimum wage is the bottom rung. Raising the wage can put the rung out of many people’s reach and take away any chance at all for them to climb their way up. Many people believe raising the minimum wage will reduce poverty levels and that the wage has not caught up with inflation; however, the raise would have more negative than positive effects on the economy. These negative effects include unemployment and an increase of the price of consumer goods.
I am sure there isn’t an unaccompanied individual making minimum wage who would not want a raise in their hourly pay, but is raising the minimum wage an advantageous proposal? According to Andrew Cockburn,” raising the minimum wage would stimulate the economy and create jobs” (907). This sounds like a great solution, but there are several other components we need to analyze on how this will negatively affect certain social classes and institutions, as well as the economy itself. These components include inflation, the result of hardships that specific social classes equally would face, as well as the detraction of the higher education system.
If a society with a minimum wage were to increase the amount of that minimum wage, the results would be both negative and positive. The minimum wage was created to prevent business owners from taking advantage of employees who desperately need income. Right now, the minimum wage in the U.S. is $7.25. Small business leaders are fearful that an increase in payroll will cause their business to fail due to high production costs. Employees argue that working at a minimum wage is not enough to live comfortably, even more impossible to support a family. If the government were to increase payroll to a minimum of $15 per hour nationwide, it would cause 9 million job losses. On the plus side, business owners would see less turnovers and an increase in productivity, because people would have more spending money in their pockets, thus helping other businesses as well (Dixon, L. 2018, February 08).
Minimum wage has been a constant battle in the United States for decades. The ultimate goal is to put the American people in the best position possible to succeed and be the least limited. Many believe the immediate thought that higher wages equals higher standard of living and mitigating the poverty gap because more money will be in the hands of consumers, but this is a near sighted belief. The long term effects of raising wages not only will cause detriments of loss of employment, mistargeting, technology replacement, but will also cause for a loss of incentives to work which will diminish the opportunities and economic stability offered. Allowing for this to take place would be a disservice to the American people.
Some people think that higher minimum wage will increase the prices of nearly everything and job losses will be more common. “A number of researchers have found that modestly higher minimum wages can raise incomes for low-wage workers without reducing the number of jobs in an area.”(Noam) Higher minimum wage could lead to good things such as less people in poverty and people being