Benefits Of Increasing Minimum Wage

Some argue that if an increase in minimum wage is passed businesses will raise the prices of goods and services to help compensate the cost of pay raises. The cost in goods and services is already on an increase due to the high host of gas/oil, yet we are

Many Americans work solely to pay for food, electricity, and housing. In response to this “nearly 30 states have raised their minimum wage to combat job loss, poverty, and economic inflation.” (http://www.pewresearch.org). This just goes to show that more than two thirds of the country are willing to raise their wages, because the local government thinks that it is absolutely necessary in order to allow people to live sustainably. States such as California have raised their wages up to as high as $15.00! Raising the minimum wage has helped many people begin to start to live healthy lives, and it provides a way for families to expend for necessities if they work at or near minimum wage,

Raising the minimum wage is a very important public policy issue. Raising the minimum wage is a responsible policy that is supported by research and demanded by the American public. Each day, minimum wage workers across the country struggle to make ends meet and provide a decent life for their kids (Scott & Perez, 2016). Raising the minimum wage is a controversial issue, many believe that raising the minimum wage would only provide low wage workers more money to spend. However, the benefits can be endless for low wage workers. If minimum wage is increased across the United States it would afford the people effected more opportunities for financial freedom. Increasing the minimum wage would raise the standard of living for low wage workers, allow families to be removed from poverty, allow for government welfare spending to be reduced and lastly additional income being spent would positively affect the economy.

In our modern society one of the seemingly least controversial topics is the minimum wage. The popular opinion wants to raise the minimum wage, but is the popular opinion always right? Throughout recent years, politicians have made promises to raise the minimum wage to help low-income earners live a better life. Contrary to popular belief, raising the minimum wage actually hurts low-income earners and low-skilled workers. We must first define a low-skilled worker. A low-skilled worker does not mean that particular employee is not intelligent; it simply refers to a worker who cannot perform as efficiently due to low educational attainment. Through this paper, I hope to inform you, Mr. Randall L. Stevenson, and our company, AT&T, about the disadvantages of raising the minimum wage.

Minimum wage has been consistent for far too long, and prices are rising, I believe minimum wage should rise a hundred percent. For far too long bodies of this society has scuffled day by day. It has been confirmed that years long before today prices were intensely low and nothing has deteriorated excluding the fact that prices are going up and compensation is at the same rate. It has to come to a cease, because living a life in trepidation is the hardest thing. Waking up knowing that you have to spend your money securely because you have to make sure you have enough for any other type of bills is unacceptable. You should be able to spend your money on the things that need to be paid and not be concerned on how much you have left. This is

When I read high schoolers and people who work at jobs that pay minimum wage say that raising minimum wage will solve everyone's problems, it honestly makes me think that they don't understand anything about the economy. When you raise the minimum wage, the price of essentials and necessities also increase. An example of this would be the 1970's, The price of everything was at a very low cost. Such as, Milk which was only $1.65 which today would be far better than the costly price of $3.67. Although you may be convinced that the 1970's seems an easier time to live in, you are actually quite inaccurate. While the prices of everything was low so was minimum wage at a meager one dollar an hour. The price all around of everything increases because

Many believe that once minimum wage gets raised it’ll be easier to live a more comfortable lifestyle which is not always the case. Once minimum wage gets raised so will the cost of living. A 2012 Wilson review stated: A 2004 “review of more than 20 minimum wage studies looking at price effects found that a 10 percent increase in the U.S. minimum wage raises food prices by up to 4 percent(Wilson 2). Although these numbers don’t seem high, they’ve risen since 2004 and will continue to rise as long as minimum wage continues to increase.

The minimum wage is basically the lowest an employer can give there worker an hour, and abide by the labor laws. In most states the minimum wage is $7.25 per hour, but in California and Massachusetts the wages there is $10.00 per hour. Senator Bernie Sander agreed to living in poverty with the wage set at $7.25 per hour, and that if he made it into the office that he would introduce a bill to raise the wages all over to $15.00 per hour. The benefit of raising the wages would help low income families throughout the economy, and help with unemployment. Overall, this is based on our President and Congress whether a law like that can be passed.

Raising the minimum wage comes with two sides good and bad the good side is people would be getting paid better and making more money, and bad side would be product prices would increase. If the price of living wasn’t so outrageous we wouldn’t have to worry about minimum wage or the people below the poverty line. If minimum wage goes up inflation is most likely going to rise and it really wouldn’t make a difference then because the individual would still be in the same boat trying to afford things.

Although it may seem fair that if the minimum wage rises low-income people will have a chance to earn more money, it will only make the situation worse. To many people around the world, the minimum wage is very low for modern society and is not enough to support a family or even yourself. In the minds of a normal person, they may think that raising the minimum wage will increase the income of a person which will mean they have enough money to buy products. It is invalid and if the minimum wage increases, financial factors (one of inflation) will invert the perspective in which people think of increasing the minimum wages.

The minimum wage need to be raised for the fact that the cost of living has raised up significantly. Education is vital if an individual desires to work, also the cost of education has went up tremendously over the past twenty years. Any company should be able to compensate workers what they want to, which is more than the current minimum wage. With upcoming technology and our technology as of now work is tougher and further complex. An increase in minimum wage would increase the wages of several workers also enhance benefits to those workers that are disadvantaged. Since the cost of living has went up tremendously, it has become nearly impossible to raise a family on a minimum wage job. An individual that is living on their own can’t make it on minimum wage jobs. Their living expenses would be way too much. To a family

Raising minimum wage has become one of today’s most popular issues to debate. Minimum wage has not grown along with inflation throughout the years and it has caused many people to fall into poverty in the United States. But what is Minimum wage? It is the minimum pay a worker is entitled to for their labor. Meaning that it is illegal for employers to pay a worker less than the minimum with the exception of a few jobs like waitressing. On July 24, 2019 the The Federal Government set minimum wage at $7.25 per hour. Although some states have established their own minimum wage standards most conform to the Federal mandate.

If the minimum wage were to rise inflation in turn would rise too as Issac Newton’s third law says for every action there is an equal and opposite reaction. The general idea is to pay people more money, but not to increase the cost of goods which in a perfect world that may work, but this is the real world and that isn’t how it works. If for example, McDonalds starts paying their minimum wage employees 10.10 nationwide in turn what used to be a one dollar cheeseburger

In modern day society, there has been a present minimum wage of $7.25 since 2010.

Raising the minimum wage to $10.10 is not the answer. The various amount of unintended consequences that would come about as a result is reason enough not to support an increase. Those who support an increase contend that it will alleviate poverty. Suppose a spike in the minimum wage does reduce poverty for some workers. This development will be offset since an increase in the minimum wage will further price out inexperienced workers from the job market, resulting in an increase in unemployment and thus, poverty. This can properly be described as a catch-22 situation; no matter happens, someone will lose. When you take these negative affects into account, is an increase in the minimum wage worth it? As expounded further, no it is not.