Benefits Of Raising 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.

Ethical egoism is a principle that goes against my position on the issue of immigration, this is the position that moral agents do what is in their own self-interest, and because one person feels threatened by an immigrant who will “diminish job opportunities,” ethical egoist individuals will act defensively against these people. But this principle also argues that a person must act to promote one’s self-interest and that altruism for others is a moral evil, which ultimately means that a person driven by this principle is in and of itself not doing anything

Picture this: You are a single parent of two, you work 40 hours a week plus occasional overtime at a minimum wage paying job, you struggle to put food on the table to feed your family, and then you receive a call from the bank saying that your home is being foreclosed. This is the situation faced by thousands of Americans every year due to low income and wealth inequality. The federal minimum wage (FMW) as of April 2014 is $7.25, which is not enough to keep a family of two above the poverty line. There are certain questions on this topic that should be addressed, such as why is poverty and wealth distribution an issue in the United States today? Should the FMW be raised and why? How would raising the FMW affect American families? What are

Ethical egoism is the normative theory that the promotion of one's own good is in accordance with morality. In the strong version, it is held that it is always moral to promote one's own good, and it is never moral not to promote it. In the weak version, it is said that although it is always moral to promote one's own good, it is not necessarily never moral to not. That is, there may be conditions in which the avoidance of personal interest may be a moral action.

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.

Egoist does not sacrifice himself for others and does not sacrifice others for himself since that is the basis of this theory we can resume that the inequality of income distribution goes well with this theory. No one is responsible for no one, because if they are, they would be living like parasite.” The average pay of a CEO in a major corporation was $11.9 million in 2000.” (Shaw,144) and a McDonalds employee is $18,890, if we were to compare those two salaries from a egoistic point of view they both deserve what they have accomplish because they work independently, it does not matter how unequal the distribution of the income is.

This philosophy postulates not only that selfishness exists but also that it motivates all our actions – fundamentally, that personal interest is the only reason we help other people. While this seems a problematic conclusion reflecting a reductive vision of human motivations, to quote the philosopher Joel Feinberg, “Empirical evidence of the required sort is seldom presented in support of psychological egoism.” Further, the theory is in principle un-falsifiable and non-scientific; it is an ideology.

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.

When looking at the ideas of egoisms, two major views come out in the form of psychological and ethical egoism. While both of the views hinge on the idea that everybody acts in their own self-interest, the major separator is that ethical egoist views their pursuit of their personal gain morally right (106), even if they have to kill or steal for it, compared to the psychosocial egoist who just state that the only thing that motivates humans is their self-interest while the moral standings stay the same (91) 1. And while some ethical egoists and also psychosocial egoists it is not prerequisite. The major issue is the definition of psycho egoism, that the only motivation of humans is their self-interest denying altruism, this ideal is false.

“Paying your employees well is not only the right thing to do, but it makes for good business”-Jim Sinegal, CEO of Costco. Many of America’s employees are not being paid well, however, for the annual income of a full-time employee who works year-round is less than $16,000 (about $15, 080) according to the current federal minimum wage (Rebuilding). To put into retrospect how out-dated the federal minimum wage is, consider that the minimum wage of 1956 amounted to exactly $7.93 in 2009 (Henderson). How progressive is it that our nation’s workers being paid less today than workers from the 50’s? The federal minimum wage should be raised in order to assist families out of poverty, to ensure the effort and loyalty of workers, and

One of the most frequently asked questions in our country seem to be should the minimum wage be raised or should it be lowered or eliminated altogether. From where I stand minimum wage should be raised. Everyone is more successful when people are paid a living wage. Changes to the minimum wage would strengthen the economy and business, Lift Americans out of poverty, and will be unlikely to significantly impact prices. The only way to grow the economy in a way that benefits 90% is to change the structure of the economy. Paying people a fair wage is a sign of respect and acknowledgment of the value of people's contributions to the business. The minimum wage should be raised because it would reduce poverty, it is unlikely to significantly

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.

Ethical egoism requires that for an action to be moral it must maximize one's own self interest

Although it is still to ben seen if the step taken by Gravity Payment’s CEO Dan Price will be successful, there is the need that all companies should address this substantial payment that CEO are receiving while other employees are struggling to make ends meet. This ethical dilemma is a call of concern that if address properly, businesses and the society at large will benefit

I believe that egoism theory is the best fit because ultimately business is all about maximizing profits and benefits. Nonetheless, the underlying concept of this theory is that an individual has only limited insight into the consequence of his or her actions. In order to achieve a good life, the individual must pursue his or her own desires. By pursuing their desires, it will also help others achieve their own interests in the process. For example, if an individual would want to expand their business into becoming an international organization, in the process of doing so they will have to hire experts and other employees to succeed. Thus helping other individuals achieve their short-term or even long-term interests. This example translates to the notion of ‘enlightened egoism’ in other words ‘enlightened self-interest’. Therefore, today in the business industry when corporations want to increase their own reputation, this notion is applied. For instance, corporations would invest in the social environment, because an improved