A Brief Note On Raising The Minimum Wage

One of the most talked about subjects in the U.S economy is the topic of minimum wage. With president Obama’s increase in the minimum wage to 10.10$ per hour people, both economists and politicians alike, have been debating whether raising the bar is a smart idea. At a time when the country the country’s inflation continues to rise at a steady pace and Americans are constantly working to feed their families, some economists know that a raise in the minimum wage would help elevate some of the difficulty. The last time the federal minimum wage was raised was in July of 2009, where rose from 6.55$ to 7.25$. However, there are plenty of reasons as to why the wage should be raised. Some may not think it, but raising the

The controversy over what to establish as the official minimum wage in the United States has been debated and argued over for many years. Due to inflation, the gradual increase of pricings due to a saturation of printed currency, the minimum wage for workers has to be increased in order to compensate for the ever-fluctuating value of the U.S. Dollar. Many today are rising to the conclusion that a minimum wage of fifteen dollars an hour is necessary. This motion is designed to keep those who have minimum wage income out of poverty and to increase the amount of money in the consumer’s pocket overall. However, this particular increase in minimum wage will lead to the inevitable downfall of the United States’ economy and be a catastrophe for the working class.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the benefits for an increase, then the disadvantages, and in the last paragraph, I will

Raising minimum wages is a contestable issue because it is debated in wide and varied audiences. Minimum wage is near the top of economists’ interest; they are looking for the connection between low wages and poor job markets. Each country sets its own laws and regulations regarding wages. For this reason, it has significant importance to policy makers and workers in each of those respective countries. Social activists have also found interest in the topic due to the fact that those who earn a minimum wage tend to come from poor minority families. Furthermore, the average American should have the strongest interest in the conversation because most citizens have been paid a minimum wage at some point in their life. Due to this fact, the idea of a significant federal minimum wage increase in America is open for debate specifically to rejuvenate the job industry, improve living conditions for citizens, and strengthen the economy as a whole.

Research shows if minimum wage was to climb that it would hurt the least skilled and the least experienced people trying to seek a job the most. There are different of opinions people believe in about the positive and negative aspect of minimum wage. Supporters argue that such a boost will shrink poverty without plummeting jobs and that it will boost confidence, increase the normal living, and cut inequality and have businesses to be well-organized. Opponents that are not for minimum wage say it will increase poverty, unemployment and is not good toward businesses. The question about minimum wage and the effects it would cause if it was to rise, remains one of the most commonly studied topics.

An issue that has been debating throughout centuries is whether or not America should increase the minimum wage. This is an issue that has been arising to be relevant to people all over the nation. Researches have provided logical facts and statistics on how increasing the minimum wage would be the solution to America’s debt. Increasing the minimum wage has also been successful in several countries including Germany. Studies have shown that decreasing the minimum wage is unlikely to solve any economic woes. While when we increase the minimum wage it benefits the economy, employment as well as skillful people.

Minimum wage is a contentious issue only because it is debated by a vast and eclectic audience that cares for the heart of the matter. Minimum wage is at the source of the economist 's main interest; in pursuit of discovering its connection to job loss. Countries all around the globe, maintain minimum wage laws without any noticeable fluctuation. For this reason, it is coming to an apparent importance to policy makers everywhere. Those that tend to earn a minimum wage are mainly coming from low income and minority families. The minimum wage has attracted attention from social activists all over as well. The topic is perhaps most intriguing to the average, normal class American. At some time in our long but short lives, almost every single person has been paid at the minimum wage. Due to this, it is of popular debate over dinner, at restaurants, and in the typical American living room. More importantly it’s now being, and sort of always has been discussed by those of our government.

Minimum wage is a problem, but most don’t want to raise it. Raising minimum wage will be a big problem now and including the future. Raising minimum wage is a problem depending on a social hierarchy. For many years the U.S had had many protesters and this is a problem according to state officials. Family's around the world are surviving on as little as 4.25 an hour in this case people have to survive off of food stamps and family members. Job owners can choose to higher the pay due to a raise in the company or a downgrade will determine whether they will make below minimum wage. Minimum wage should be increased from 7.25 to 9.00 an hour because of the over qualified, educated, and experienced Americans who are now relying on minimum wage jobs as a result of the struggling economy. Also, increasing minimum wage could help stimulate the economy. But, in order to get the economy back on track the spending power must be in the hands of the Americans who in fact, spend. With today's tough job market most job seekers are willing to acquire positions they are considered over qualified for, even if it means taking a pay cut. Therefore, an increase in minimum wage will ensure that low wage over qualified workers have the means for vital necessities like housing, food, transportation and health care. Last year, more 200,000 Americans with college degrees were working minimum wage jobs due to our struggling economy. Furthermore, an increase in minimum wage would help stimulate the economy by multiplying consumer spending without expanding the state

The bill to raise minimum wage from $7.25 per hour to $10.10 and hour over a two year period had been thrown around for months, but it does not seem to be passing. Ronald Reagan once said in 1980, “The minimum wage has caused more misery and unemployment than anything since the Great Depression.” This fact may still hold true today as Americans see the effects the debate over minimum wage is having. According to the National Association of Manufacturers the national minimum wage “constitute[d] a step in the direction of communism, bolshevism, fascism, and Nazism.” These negative views of minimum wage also believe that it will, in the end, only destroy the economy, doom American freedom, take jobs, and only hurt the people it is supposed to be helping.

Minimum wage always seems like a topic of conversation in the media. As of now, the current set minimum wage has been claimed as not being a livable wage, therefore there has been an outcry to raise it. However, we cannot turn a blind eye to what that may do to our economy. While raising the minimum wage can have a beneficial effects of providing a livable wage, reducing the need for dependent of poverty-focused government resources, and may even reduce crime, there can be many hidden problems that crop up through the woodwork that can undermine this improvement.

“Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working” (S. Joseph). Today’s level of pay for the minimum wage is not the problem, and raising it is not the solution. Furthermore, the only thing raising the minimum wage would do is to increase inflation. Inflation will raise all of the prices around us. Prices of gas, milk, and other necessities will increase to a level of which the minimum wage cannot withstand; again, we will be forced to raise it. With that being said, the only two probable solutions are to raise the work hours of the employees, or lower the cost of living; however, this will only be a temporary solution, workers must strive for

The standard minimum wage level has been a controversy over its insufficient wages set for working class Americans. The minimum wage was established to protect unskilled workers from being exploited by employers’ low pay. Introducing the minimum wage provided stabilization in the workplace, but as the cost of living increases, working Americans are demanding a livable wage. In the recent past, the American dream fadedness changed the way Americans view the economy. For many wageworkers, the American dream is becoming less of a possibility as corporations minimize the chances for the poor working class to obtain the dream. However, raising the federal minimum wage will likely result in higher prices for the middle and lower classes because

Millions of Americans live in poverty, unable to find high paying jobs to support themselves and their families. Common belief persists that paying a higher minimum wage would aid in lifting people out of poverty by giving those with low paying jobs a higher income, however the evidence suggests otherwise. As the 2016 race for the White House heats up, the minimum wage battle stands at the forefront of every economic discussion. The rhetoric between candidates within and across party lines intensifies by the day. While the debate over whether or not to raise the federal minimum wage from $7.25/hour to $15/hour rages on, one side continues to stand out from the other.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the

Minimum wage has become a major part of the conversation on labor. The base hourly rate in this country is something that has been raised to $7.25 federally and can become as high as $9 in some states. This is important social policy because it deals with the distribution of wealth particularly with lower class workers. Part of the discussion about minimum wage is whether or not someone can make a decent living on it. Talks of subsidization and supplementation have always surrounded minimum wage talks. The idea is to make sure that on a full-time schedule at minimum wage, someone can afford housing, food, and clothing. With those things taken into account, lawmakers have debated whether or not to raise