Raising Minimum Wage Research Paper

Raising minimum wage would reduce expenses in social programs that the government provides. It would help assist families in raising their families with ease. it would also decrease taxes as individuals would be able to support themselves.

Raising minimum wage 10% would reduce the amount of poverty by 2.4% ( Konzal, Mike. ) The raise of minimum wage may be able to pull 4.6 million people out of poverty. Although there are 45 million people in poverty, pulling 4.6 million out is a good start. With raising minimum wage there are possibilities of it boosting workers incomes by 10% which is an increase of $1,700. A raise like this is a big boost to people's quality of life and living conditions. Having high paying jobs for workers would pull about 900,000 americans out of poverty and raise the income of 16.5 million workers all around the US. While raising minimum wage has some positive outcomes there is more possibility for negative outcome. Positive effects like poverty rates possibly dropping are great but not enough money can be made. Workers income will be raised because of the wage raise but it is not good enough. If firms pay more they are going to look for less workers because of the raise or resort to other ways of work. A raise in minimum wage has opportunities to pull people out of poverty and raise incomes of people but it is not 't enough. ( Khimm, Suzy. )

Minimum wage should be lowered for the purpose of getting people who just got hired for a job comfortable with the job and being responsible for what they are doing. Especially for teenagers, who may be getting their first career jobs and are not sure what they are really doing. A teenager who just got their first job should not be getting the same amount of money than someone who has had a job their whole life and may be working harder than the other. Minimum wage should be lowered so small businesses do not have to pay so much money to the employees which could cause the business to close down due to a loss of money. If minimum wage was lowered than more jobs would open up for people since the business would not have to pay a lot of money

The first reason for raising the minimum wage is because it will help the government to save million dollars. As David Cooper states: “new report from the Economic Policy Institute indicates that raising the federal minimum wage to $12 by 2020 would lift wages for more than 35 million workers nationwide and generate about $17 billion annually in savings to government assistance programs.” By saving this money, the government could improve the economy by using this money as a part to improve access insurance or to improve school lunch.

Raise the minimum wage would bring about employment misfortunes. It hurt low skilled work is harder to discover an occupation. Minimum wage law expands measurements not lessen neediness. Result In higher Costs For customers, pay must be paid by somebody.

When there are millions of Americans living at or below poverty lines, something has to be done. Billion dollar companies and businesses that employ workers, paying them low wages is hurting the economy. The reality is, unless the minimum wage is raised, the cycle will only continue. With higher minimum wages in place, the entire country does better and, therefore, should be raised. There needs to be laws put place to raise the minimum wage. Doing so would boost the economy with all of the money that Americans would put into it. With higher minimum wages, millions of Americans can get out of poverty, not having to rely on the government for assistance such as food stamps, public housing, child care, and health care needs. They can afford better housing options in which they want to live. Communities would see less crimes in neighborhoods creating a safer environment. Aside from that, Americans can afford a good education, health care, as well as healthier eating and exercising habits.

The reason why minimum wage should be raise is it would relieve people from relying on food stamps. According to Dave Anderson, an author at Listland.com ,“Top 10 Reasons to Raise the Minimum Wage,” he quotes “ If the government chose

There have been many arguments over the years stating that raising the minimum wage will greatly impact the US economy. Some of the arguments have been that this will stimulate the economy, a competitive wage for all, and capitalistic competition. Although raising the minimum wage might sound like more money in your pocket, it would not only increase the poverty rate but also would cause those in poverty to rely on the government for more assistance as the prices of goods and services would rise well above what they are now.

Today our society encounters multiple controversial issues that generations before hand would have never dreamed of having. A common controversy in America is the issue over minimum wage. The main issue over minimum wage is whether or not it should be raised or if it should stay the same. Personally I feel that it should remain the same. Minimum wage jobs were not created to become careers. Increasing minimum wage can lead to many things such as the loss of jobs, the increase of prices, and could also keep people from reaching their true potential.

The top reason why minimum wage should be raised, according to David Cooper and James Sherk from their article on shrm.org, is because the workforce and the economy will become stronger. Right now, workers that are paid too little when the cost of living is high and that causes less money to be spent and in turn that takes from the economy. If employees are paid enough to make an actual living, more money will come from the household, businesses will have more money and it will all circulate making the economy much stronger than if employees were struggling to make ends

Minimum wage should be increased because Parents that don't have degrees are struggling providing their families. People that have not gotten degrees because they could not afford them or have had families early and do not have the time or resources to go to school can not get a job that pays over minimum wage, most of the time. For instance, the employees that work on minimum wage in California have to work 130 hours a week to afford two bedrooms, this is the reason that the government supports the low income families. Raising it would help these people afford to support their families on their own. Also the minimum wage is not keeping up with inflation making it harder and harder for people to afford things, which is affecting the economy even more because people are not buying, or they will buy cheap things that are made somewhere else, which

Minimum wage has always been a debatable conversation. We question whether it should be increased so that it could keep up with living costs and move forward in our economy or let it stay the same and remain stagnant. Whole heartily, raising the minimum wage to keep up with today’s living costs will be beneficial to struggling families, help people in poverty, and even help our economy grow.

There have been multiple debates on whether or not the minimum wage should be raised. Minimum wage can produce an impact on everyday life more than most may think. It is not just about more money in a person’s pocket; it can affect the economy in multiple ways. Many people think it would be a good idea to raise the average minimum wage, but they do not understand or take the time to think of the disadvantages.

Contrary to these beliefs, I believe that raising the minimum wage will not only benefit the company and employee immensely, but overall increase the productivity of workers. The raising of the minimum wage will help these low income families support their families, which decreases the poverty level too.

Minimum wage should be raised because it raises the living standards for impoverished people, it would save the government money, and it would help reduce income inequality.