Reasons not to raise minimum wage
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.
The reason individuals would loses their employments the initial 25-cent minimum wage in 1938 brought about huge occupation misfortunes. This is on the grounds that they couldn't bear to have the same number of representatives. Minimum wage builds as of late forced in American Samoa brought about financial impacts so affirmed that President Obama marked into law a bill postpone them. In 2010, Joseph Sabia and Richard Burkhauser evaluated: "about 1.3 million
increase the minimum salary but planning to see the proof of the opposing side indifferently. He points out any evidence of antagonists referring to scholarly subjects toward increasing the minimum wage will affect career growth and the inflation of money will negatively impact consumers, but he states additional studies that oppose
The federal minimum wage should not be raised because it means employers will lay off their workers, increase cost of products, and businesses might go out of business. "When you raise the price of employment, guess what happens? You get less of it. At a time when Americans are still asking the question, 'Where are the jobs?' why would we want to make it harder for small employers to hire people?" This quote shows John Boehner, speaker of the House, giving his opinion on the situation. He is saying once minimum wage prices increase it'll be harder to find jobs because of the price to keep employees. It is all cause and effect, the cause is minimum wage goes up to benefit workers but the effect is there will be less job openings. "The Congressional
Another reason i believe the federal minimum wage should not be raised is because if you make more money per hour employers will begin to cut the workers hours. If this happens this would not be solving anything because they would end up making the same amount of money if not less. An employer is not going to want to pay one employee a lot of money if they can pay more employers a less amount of money because that will mean at the end of the day the employer will be putting more money in his pocket. I also believe that raising the minimum wage would hurt many small business. The problem is that all businesses do not make a huge profit so they could not afford to pay a big amount in wages. This could be a problem because some people rely on these small business to support them and their workers. If these small business folded many people would lose their jobs and also their income. The biggest problem with raising it is many adults would try to get these high paying jobs and it would kick the youth out of the work force and they wouldn't be able to train for future higher level jobs so they
The case against raising the minimum wage is very simple: a higher wage will make it more difficult and expensive to companies to hire workers. What will be the consequences on the economy? Well, companies won’t be able to pay all of its workers which will lead to more unemployment. At the end, people who keep their job will have a higher profit, however those who lose their job will suffer.
Raising minimum wage would give greater chances of negative effects occurring on workers incomes. Many low income workers will have a higher income because
Paying for a college education creates a dilemma when a student only earns minimum wage flipping burgers at a local fast food restaurant. The current federal minimum wage stands at $7.25 per hour before taxes. The debate on whether it should increase or remain constant has been occurring for many years. Raising the minimum wage to match the current cost of living seems like a good idea, but this could cause some negative effects. John Komlos’ article “Why raising the minimum wage is good economics” delivers a more effective argument than Rex Huppke’s article “The argument against raising minimum wage” through the use of ethos, logos, and a valid conclusion.
The main problem with raising the minimum wage would be the increase the population of Americans that are unemployed. A higher minimum wage
Minimum wage was created in the year of 1938 with the pay of twenty-five cent an hour. Minimum wage was created with the intent to support the minimum of living and limit the severity of poverty. The national minimum wage rate is seven twenty-five per hour. There are opposing sides in the debate to raise minimum wage. The debate for raising minimum wage is apparent. “Economists argue about minimum wages” by the Economist and “The argument against raising minimum wage” by Huppke, each have important information and details pertaining to the argument. The raising of minimum wage may in turn
This has been a discussion for the ages. The debate over raising the minimum wage has been a hot topic. Raising minimum wage would reduce poverty, be better for lower paid workers, and to reduce expense for social programs.
When I think about minimum wage, I think about all the jobs that are out there and how many people are unemployed and struggling to find a job. If the minimum wage increases and stays with the cost of living, this will change people 's income and help those who are living off of minimum wage. With minimum wage going up it can help provide income to our civilization. It is necessary, but can 't be increased so dramatically so soon.
Republican presidential candidate, Ted Cruz, is of the opinion that the Minimum wage should not be raised. This is a large issue as the current federal minimum wage of $7.25 is not enough to support basic living costs in a fair number of states. Ted Cruz highlights the consequences of raising the minimum wage yet ignores the cons of it remaining static ("Ted Cruz on the Minimum Wage"). In an article in The Atlantic, the discussion of the cost of living is brought up. The article talks about how the “cost of living fluctuates with geography”. This is shown through the use of a vivid map created by use of a “living wage calculator”, which was developed by Amy Glasmeier. Cruz does not discuss the important issue that the costs to live in some of the places, which are found by using the “living wage calculator”, is higher than the current federal minimum wage. Ted Cruz chose his words carefully to avoid having to say the truth which is that just as there are cons for a raise in minimum wage there are also negative effects for it staying where it currently resides.
Currently, there is a controversial debate about raising minimum wage. On one hand, raising the minimum wage has his benefits. On the other hand, raising the federal minimum wage to $10.10 has several disadvantages. After extensive research and deep consideration I firmly believe that the minimum wage should not be raised.
If Minimum wage was raised then the cost of living would go up due to the fact that it takes more to produce a product because the workers are getting paid more to make that product. Higher cost in products can make it hard for people to afford the expense. Expensive products can cause a person to go broke, as a result causing them to lose their house, car, or even unable to pay for food. This will then cause more poverty and homeless people living in the world. The higher cost of food due to the higher cost to buy, run and maintain the machines used to grow and harvest the crop will cause for more people to need government welfare such as food stamps just to be able to survive. With expensive food or medicine that people can’t afford then their will be more deaths in the world. With more deaths than their will be more expense to the family having to pay for burial cost. A higher living would cause for people to pay more in taxes because products cost more and it will cost more for education, building of roads and buildings. Prison would also make one pay more in taxes because of a higher cost in living someone has to pay for the care and food of the inmates. No one wants to pay more for someone that they don’t even know or associate
An increasing minimum wage in the workplace have both an economic gain for the company, and will produce a productive and dedicated worker. Not only will a company have dedicated skilled workers if they raise the minimum wage, but
If the minimum wage was raised, I believe it would encourage businesses to be more creative on how to effectively utilize their staff and would push them to raise the bar in terms of employee training and business process. Perhaps businesses could be regulated in a way that those who have a higher net worth would be required to offer higher wages while younger or struggling businesses would have a lower wage expectations. That way we know that businesses who can afford it are paying it, but those who can’t aren’t being forces to close doors either.