The Argument Against Raising Minimum Wage

The article chosen for the paper is called The Argument Against Raising Minimum Wage, published on the Chicago tribune website. The audience attended for this article is for working class people who would be effect by the raise of the minus wage. This article is also useful to the people who have little experience in the work place or who do not have a

Everyone believes they know where they stand on the issue of minimum wage. But think about this. A small store owner who has only been in business for six years. He is finally making a small profit. Any change to his expenses will bring him once again into the red. The owner does not have any other source of income. If the business fails to bring in a profit he will be hard pressed to pay his bills. Working in his store is a young woman of twenty. She is a single parent who receives no child support and does not qualify for government assistance. She is making minimum wage only and works 40 hours a week. As she brings home just enough for food and housing and needs to rely on family and friends for daycare. A raise in wages would help tremendously. As both proponents and opponents of the minimum wage debate have valid reasons for their stance, a person needs to look further into the facts to determine what is best for the nation.

The Federal minimum wage has been $7.25 an hour since July 2009. Should we, or should we not raise the minimum wage? That’s an interesting question! And doing any of them lead me to consequences.

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

It 's the year 2014, and we are in the state of the financial crisis which is still being felt

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.

For this discussion I chose the article from The Huffington Post about raising the minimum wage to $15 dollars per hour. Recently someone told me about the minimum wage increasing for residents on the West Coast and specifically located in Los Angelas. As this article explains, raising the wages will occur over a timeframe of five years starting in 2020 and will have slower effects for businesses with 25 or less employees. The risk of businesses laying off employees due to sudden high wages being payed out is one that I feel is not being thoroughly examined. There is no safety net for employees as they begin to enjoy higher wages but soon might be faced with the reality of layoffs when businesses just cant afford to pay them any longer.

We should raise the minimum wage for eligible employees because it would help people making the minimum wage hugely. Raising it would cause hundreds of thousands of people to be lifted over the poverty line. Raising the minimum wage to $9.50 would cause at least 500,000 people to actually make enough money to live. This would be huge because then people could actually start to get the necessities in life to be able to live. Also 2 million people would no longer depend on government funding.

In “Why raising the minimum wage is good economics,” Komlos explains his conclusion in one little paragraph. Komlos brings up one final statement arguing, “Lest I forget to mention, three-quarters of the population support raising the minimum wage to $10 an hour” (pg 5). This account has the potential to create a final statement making the reader reevaluate his or her thoughts and persuade him or her to agree with the majority of the population. However, this declaration does not contain any reference to a study or a poll, providing no support making the reader question the credibility of the assertion. In “The argument against raising minimum wage,” Huppke concludes with two paragraphs, presenting a solution in the first one and a final statement in the other. In the first concluding paragraph Huppke suggests, “The better approach, according to the minimum wage hike opponents, is to put money into education and job preparedness plans, which they say have proven success records” (pg 4). Huppke continues stating that programs like the Earned Income Tax Credit should expand, directly benefiting the working poor by contributing to low-income households (pg 4). Huppke’s final concluding paragraph brings up a valid point by questioning that a rise in the minimum wage will mainly go to individuals in poverty because the increase will also go to a big number of people who have

In 1938, the Federal Government established a minimum wage through the Fair Labor Standards Act, during the Great Depression. Its stated purpose was to keep American workers out of poverty and increase consumer purchasing power to help stimulate the economy. President Franklin Roosevelt, understood that the minimum wage should be a living wage, he stated “by living wages, I mean more than a bare subsistence level — I mean the wages of a decent living.” Today, the Minimum wage is critical for ensuring that hard work is rewarded with fair pay. However, its value has eroded substantially, factors such as inflation and rising prices are decreasing its purchasing power, and the minimum wage is no longer what it used to be, despite decades of economic growth. Today, a family can no longer live on minimum wage; and a single person working full time on minimum wage is barely above the poverty line. When President Obama gave his 2013 State of the Union address, he advocated raising minimum wage from $7.25 an hour to $10.10-yet a year later, this still hasn’t happened. For many working Americans a higher minimum wage will make the difference between living in poverty or not, furthermore it provides a stepping stone into the middle class for many families. If the minimum wage is increased to equal a current living wage, the income inequality gap will decrease and the quality of life for those living on minimum wage salaries will increase,

Over the past few years the debate over the raise of the federal minimum wage of the current $7.25 has been argued by both sides, whether it should be raised or not. With both side, the affirmative and negative making strong arguments for their side. We will take a look at how each side frames their issues as how well their counterpart can refute those claims. The affirmative would like to propose the raise of the federal minimum wage to $12.00 by the year 2020; this is the standard that most states are going with. For example, California being one of the most recent to change their federal minimum wage to $12.00 by the year 2020. The negative would like to stay with the current federal minimum wage of $7.25, in other words defend the status quo. We will look at all the major arguments the affirmative and negative side have and in the end go with the best option for the majority. Aristotle’s three fundamental concepts will help determine what decision should be made after each side of the public state their case. Aristotle’s three fundamental concepts are truth and probable truth, Ethos (Credibility), Pathos (Emotional Appeal), Logos (Logic), and his final concept, it’s all about the audience. So what exactly is the minimum wage and what is its purpose? Minimum wage is the minimum an employer has to pay an unskilled worker based on the regulations set forth by the Fair Labor Standards Act (FLSA) that was originally established in 1938 according to the United States

There are several arguments that exist both for and against minimum wage. Minimum wage is the lowest wage that a person can get paid for their work. This is usually seen in labor unions.

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 United States is recognized for its economic opportunities. Thousands come to this country for the chance to improve economic stability and climb the social ladder – opportunities usually not available in their home countries. However, there has been increasing concern regarding American wages compared to the rise in the cost of living. Many of the lowest paid workers receive wages that is far much below the federal minimum provision as stipulated in the Fair Labor Standard Act (FLSA). At the same time, costs to cover only the basic of necessities are rising at a much faster rate.

The national minimum wage was introduced in the UK in April 1999 by the Labour government. Essentially it formed a major part of their manifesto as it convinced the average population that Labour were beneficial for everybody. However, they would argue against classical economics and suggest there are wide spread benefits to be gained. The main argument is that the NMW would alleviate poverty across the country.