Benefits Of Raising The Minimum Wage

The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.

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.

On July 24th, 2009, the United States of America raised the minimum wage to $7.25. However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are already raising the minimum wage because of the lack of money workers get. Finally the third supporting idea is that the states are also raising it over the federal minimum wage and also how can help poverty. There are many more topics on why the minimum wage should be raised but these reasons are the most important.

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

Raising the minimum wage has multiple benefits. As an increase to minimum wage moves families above the poverty threshold, their need for public assistance decreases. As wages increase, a family’s purchasing power increases for

Raising minimum wage has been a debate for quite some time now. President Roosevelt started minimum wage in 1938. When minimum wage was first set, Roosevelt had set minimum wage at $0.25 an hour. Since then, minimum wages had gradually increased to $7.25 an hour and has not been risen since July 2009. According to an article on ProCon.org, “congress has increased federal minimum wage 22 times.” When making such a decision, pros and cons should be weighed. People should also remember that minimum wage may be different from state to state. For Example, Michigan is where I’m from and minimum wage has increased to $8.90, as of January 1, 2017. Other examples include; California at $10.50, Arizona at $10.00, and Massachusetts at $11.00. Because everyone has different feelings about whether to raise minimum wage, weighing the Pros and Cons is very important for congress in making the right decision. For the citizens of the United States and for their future. I believe that the Pros outweigh the Cons.

Who knew that minimum wage could save the world and the people in it? The last time minimum wage was raised on July 24, 2009, and that when it rose from $6.55 to $7.25 per hour, How have we been living on $7.25 this long? We haven't been living on it we were trying to survive and a lot of people can’t survive on a minimum wage that low. Raising minimum wage to an amount that could actually let people live comfortably would help the economy and a lot of people who struggle in this economy. This is not all that can help but raising the minimum wage can be the start of a lot of problems that deal with job growth, reducing child neglect, and poverty.

Overall, minimum wage should not be increased because of the effect it would have on smaller businesses, movivation to work, and demand for labor. Over the years minimum wage has been used as motivator and has supported smaller businesses. If minimum wage were to be increased so would unemployment and the crime rate. The demand would be increased, leading to a supply decrease. Although it is debatable whether or not minimum wage should be increased, it is clear that it would cause more problems than it would

Minimum wage is the lowest possible wage permitted by law to receive for working everyday jobs. In America, the average minimum wage is roughly ranging from $7.25-$9.00 depending on where a person may live. Through three arguments I have received I have accumulated much knowledge pertaining to minimum wage in America. All three arguments suggest what they believe should be done in regards to whether minimum wage should be raised or stay the same. After watching “Thirty Days in Minimum Wage” by Morgan Spurlock, reading “Economists Argue About Minimum Wages” from The Economist, and reading a minimum wage piece from a news article. I have gained enough facts to realize that I believe that minimum wage should be raised in America.

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.

I don’t think the minimum wage should be raised. While low, raising the minimum wage would not necessarily have just positive effects, it would have negative effects as well. If it is raised jobs would decrease. There is a set amount of money and raising the minimum wage would not help the workers at all. The topic of minimum wage should be left between the employees and the employers, the people it really affects. It should be up to the employee to work as hard as they can and up to the employer to pay them for the job they have done. Some say that the minimum wage should be lowered, they tend to argue that with the amount the employees earn being so low they have to work extra jobs just to make a living. What they don’t see is that with a

There are many important reasons why citizens believe in a raise of the minimum wage. One significant belief is how this raise would benefit federal minimum wage workers. According, to the article “Should We Raise the Minimum Wage? 11 Questions and Answers,” the author states that raising the minimum wage would make many families’ lives more financially stable without a great economic cost. The author writes that in 2012,

Living on minimum wage with companies that pay with the bare minimum has never been a walk in the park for anyone. Whether you are an individual that lives by yourself or a parent that has children to take care of, minimum wage doesn’t provide enough to live a comfortable life. Many people say that if the minimum wage is raised, there will be negative repercussions. However, there is evidence that shows the complete opposite. This evidence would include how living conditions would improve, happier employees result in better work output, and there would be an increase in sales due to people being able to afford more. Raising the minimum wage to match rates of inflation would benefit and improve lives.

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.

“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