The Importance Of Raising The Minimum Wage

Should minimum wage be increased? In my opinion, it should not be raised. But why not? If the minimum wage increases, the cons will be more effective than the pros. For a start, everyone with the higher paying jobs will want more money. Leading more money to be made and the price of goods will rise. Say right now, the minimum wage is 8.05 and if they rise it to 10$, everyone else that was getting paid 10$ an hour will want an increase as well. And it will keep going on until every job gets a raise. Also it wouldn’t be fair for the people who worked hard and some even go to college and would get paid only 10$ an hour for a start as too someone who got there first job and with no experience

In my opinion minimum wage should not be raised. With the proposal to being to spend a billion dollars to help het less than a million people under the poverty line out, and it only realistically helping people who are in the middle class and above. As of right now our leaders want to accept a plan that is not going to work the way the say it is. So even if it does take 900,000 over the poverty line this will only make a slight dent in our high poverty, less than one percent. This is going to be an extremely ineffective way to decrease the gap between the middle class and the people who are under the poverty line. By raising the minimum wage you increase the wages of low wage workers who are living of it, but the consequences from it could be even more devastating. It will cause companies to lay off workers, prices of products will rise, and companies will be less likely to hire. Don’t forget the fact again that the majority of the families who are going to benefit from this the most are already above and out of poverty. Instead of spending 100,000,000,000 dollars a year on something that will have a huge negative effect on this country we should start putting more resources on the ever growing and lingering national debt. This is going to turn out to be a failed attempt to help bring low wage workers to a better living

If the minimum wage increases, Americans will end up paying more for goods and services. Paying more will cause inflation. Costumers will not want to keep going to places that increase their prices because they will loose more money for the same quality that they were receving prior to the raises. Not only will increasing minimum wage hurt the companies but also buyers. Smith states that he would end up making less of a living if having to raise minimum wage, because that would mean to raise prices and price jumps could scare customers away. The fast food wage increase will make the prices for consumers to become higher on goods (Smith 11). Prices at restaurants will increase leading to have to leave a larger tip for the staff. The tip will be divided up unequally between the workers, fifteen percent will go for a

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.

In conclusion, 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. So, I believe we need to raise minimum wage from $7.25 to $10.10 because it will greatly benefit this

Inflation has also been one of the signature conflicts of raising the minimum wage. In the past 5 to six years, the inflations levels have been at 1.5 percent (CNN money). By raising the minimum wage, should not increase inflation but help it maintain its current state. When adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its purchasing power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s (U.S dept. Labor). That 's why President Obama is urging Congress to increase the federal minimum wage and give low-wage workers a much-needed boost.

Currently, only ten states that have raised their minimum wage rate above the federal minimum wage rate to match the increasing cost of living. The federal minimum wage is listed as ($7.25) per hour. Most low-wage earning workers do not received benefits such as vacation and the family medical leave. Economists believe raising the minimum wage will combat poverty and improve the economy while opponents argue that raising the minimum wage will weaken job creation in an economy still climbing out of a recent recession.

As our federal government debates the idea to raise the minimum wage, there are several interesting questions that occur. Most importantly, should we raise the minimum wage? I believe it is a bad idea to raise the minimum wage from $7.25 per hour up to $10.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy.

Recently there has been some debate about whether we should raise the minimum wage in America. Now there would be some ups and downs for both of them, but I personally think we should raise it. Mainly because people are barely getting by bill to bill. Plus some people have some kids, they have to take care of and have to buy them food as well. But there would be a risk about the economy and a lot could happen if we just raised maybe if we even raised five dollars. But I have some very key reasons why think we should raise.

Should minimum wage be increased? Passage one strongly supports and gives details on why minimum wage should be raised. Many workers are asking for a national minimum wage increase to $15 per hour, while others say that a higher minimum wage will stifle business and ultimately hurt the economy. So, should the minimum wage be increased or not? The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers earn the federal minimum wage or below.

Money. It makes the world go round. No matter how hard one may try, it is nearly impossible to get anything done without it. From goods to services, money is an essential in society. While some people acquire wealth by doing little to nothing, most must work to get money and participate in the economy. Some people make high wages, while others make significantly small ones. A pressing political issue is whether or not the federal minimum wage should be increased in order to aid these low wage workers in moving up the economic ladder. While this proposal sounds like it is in the best interest of low wage Americans, it does more harm than good. The federal government should keep its minimum wage at $7.25 instead of raising it to the proposed $15 in order to encourage social mobility and aid the U.S. economy.

The minimum wage has been around since June 25, 1938. When Roosevelt initiated the first minimum wage, starting at 25 cents, it affected 20 percent of the population. Senator Edward Kennedy referred to the minimum wage as “one of the best antipoverty programs we have.” Jared Bernstein, former chief economist to Vice President Joe Biden, stated “it raises the pay of low-wage workers without hurting their job prospects.” Ralph Nader mentioned low-wage workers deserve a pay increase and the government is responsible for providing them with one. All politicians stated above favor a minimum wage, but to what extent should the federal government be held accountable? Raising the minimum wage to $15 would cause unemployment percentage for lower skilled workers to rise.

It has been over eight years since Congress has raised the federal minimum wage. Back when Obama was president, a few stated did raise their minimum wage, which had a higher job growth in that year (2014). Three out of four Americans support an increase, yet Trump and Congress are more focused on other issues such as health care and tax reform (Chris Lu, U.S. Deputy Secretary of Labor). Raising the minimum wage would help families and children who are living in poverty, diminish the gender wage gap and help racial justice issues, and relieve the government of financial burdens.

For most people when they start their first job they are paid minimum wage and working fast food or retail. Minimum wage is the lowest hourly rate that an employer is required to pay their employees. The United States federal minimum wage is currently $7.25 an hour. The last time Congress increased the minimum wage was in 2009 and for many American citizens minimum wage is not enough to support a family. The minimum wage needs to be increased because this will reduce poverty, support the economy, and lower government spending on welfare programs.

Minimum wages have long been a basic labour standard for workers in the developed world. In Canada, where labour regulations fall under provincial jurisdiction, minimum wage legislation has existed in some provinces since 1918. The first incarnations of these laws only applied to women, with the explicit purposes of protecting female workers from exploitation and unfairly low wages, while simultaneously preventing women from undercutting male wages. Today, minimum wage policy and regulation remain the purview of the provinces and territories, but apply equally, with a few exceptions, to all workers. Accordingly, minimum wage rates, and the process for determining the rate, can vary greatly across the country. In the United States, the first minimum wage legislation appeared federally, with The Fair Labor Standards Act, 1938. Since its first enactment, this legislation has been amended numerous times, with each subsequent minimum wage rate increase. Today, each state maintains the autonomy to set their minimum wage rates, so long as it is higher than the federally established rate.