Arguments Against Minimum Wage

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.

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 minimum wage requires employers to pay their employees a minimum amount of money which is based on the current version of the law, which is raised every year to adjust the living costs. There are some advantages and

The first reason why the Untied States should increase minimum wage is to reduce poverty rates. An anti-poverty tool is simply whether employers would employ fewer workers if they had to pay higher wages. Which I believe is wrong because since they would be increasing minimum wage then the employers will be making more money, which then opens up more employment options. In addition, if employers are paying more, they will want to hire more experienced or more educated workers. But, this is why we would increase minimum wage so that more people can afford to go to school and finish their education so that they will be able to receive those jobs. Also, between 1998 and 2004 retail employment rose more than three times faster in states with minimum wage above the

Minimum wage is the lowest amount of pay that employers can legally pay their workers. Minimum wage in the United States, is set at $7.25, the federal government takes out up to 12 percent of the whole payment for taxes. The Fair Labor Standards Act (FLSA) are the ones who have set the minimum wage from 1938 to the current year, 2017. The FLSA is a law that sets various labor regulations that includes interstate commerce employment, requirements for overtime pay, and the limits on child labor. Some argue that teenagers and low paying workers should be paid more than $7.25 dollars an hour, while others argue that they should suck it up and be thankful for what are paid. Researchers have stated that high minimum wage increases have helped bring the poverty level down in the United States. Other researchers have said that the level of minimum wage has little to no effect on the poverty level. Minimum wage is a happy medium that a company or organization sets for an employee; they use this as a starting point for an employee to receive raises and bonuses. Minimum wage is thought out to be by some a terrible thing because it is the reason our poverty levels are down, but with the minimum wage it has helped with economic growth.

Minimum wage is the least amount of money that an employer is legally required to pay an employee. It is something that all people in the American workforce know about. It was made to prevent the employer from taking advantage of employees. It is what creates the bare minimum standard of living for the 73.9 million hourly wage workers in the United States. However, there are many different jobs with varying amount of skills that are needed for those jobs. This is where the problem arises because a worker may still be under paid for the job that they do. This problem splits the population into two main groups, one that wants the minimum wage to be raised and another that wants the minimum wage to remain the same, or to even be abolished.

Minimum wage means the lowest amount that is allowed to be paid to an employed worker per hour. The federal minimum wage, meaning the minimum wage throughout the United States is $7.25, however, many states have chosen to raise theirs. The minimum wage must be raised because it will help lift people out of poverty and it will reduce the amount of spending on government programs. Raising minimum wage will help people get out of poverty. According to Census.gov, raising the minimum wage to $10.10 would lift 900,000 people out of poverty.

Before Minimum wage laws were established employers were allowed to directly negotiate pay rates with potential employees for their services, which in the case of unskilled workers constituted a take it or leave it negotiating tactic from employers. Seeking to help the poor work their way out of poverty the government established a minimum wage that forced employers to pay an amount sufficient for workers to make a basic living. While minimum wage laws were initially established to reduce poverty the incremental raising of the minimum wage over the years has resulted in the erosion of the middle class.

First off, minimum wage will not support the economy it will actually raise unemployment. Businesses will be forced to pay extra money to workers and therefore will fire others to keep making a revenue. Raising minimum wage will get lots of hard workers fired due to these extra costs, and jobs will be harder to find. This does not prove good towards the economy. More will be jobless and therefore it will increase poverty.

The minimum wage should be increased because there are many people who do not have jobs and who need to support themselves. There are millions of adult workers as well who could not go to college or could not afford it and now they have to work. Many workers could have deferred a year and could have several jobs to support for college or family. Therefore, increasing the minimum wage would help millions of people. Raising the minimum wage would decrease dropout rates since most teens drop out because they do not have enough money and would rather work than go to school. It would also increase attendance because now that the workers get paid more, they would want to go to work.

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.

A raise in the minimum wage would improve the income inequality across The United States. During his presidential campaign Bernie Sanders stated, that the richest 1% of people control the same amount of wealth as the other 90% of families. The increase in minimum wage would help to equalize the disproportionate income inequality that affects all of

The purpose for minimum wage was to pay high school or college students who have yet decided their permanent careers. According to The Future of Freedom Foundation article, “Minimum-wage workers tend to be people who are young, have never been married, are unskilled, have no more than a high-school education, work part-time, and work in the leisure and hospitality sectors of the economy.” There is a reason why they are called “minimum wage” is because they are the starting point, not a career. Companies will give more pay for higher skilled workers compare to McDonald’s workers. Raise minimum wage would prevent full employment and inhibit economic growth.

Imagine you're a single mother working long hard back to back shifts every single day for only $7.25 an hour and still not have enough money at the end of the week to provide food or clothes for you and your kids. Or imagine you're in college Student have homework every night yet need a job to pay for your tuition at the end of the semester only make $7.25 an hour with limited work hours. Hard to pay for just your priorities with nearly an unlivable wage for even a person who is self reliat. A higher minimum wage could help working families, students, businesses, and our economy as a whole to recover.

The minimum wage is a metric which dictates the minimum cost that low-wage labor has on a firm (Lopresti and Mumford 2016). Wages are a cost, but may conversely be understood as an incentive for employees. The minimum wage determines the quality of work which is supplied to employers. An increase in the minimum wage improves wage-growth for workers, increases the supply of workers, and creates a competitive environment which allocates jobs to the most qualified workers, thereby increasing efficiency and quality in the market.