Essay On Minimum Wage Increment

There are many employees who find themselves working full-time for what the government has so generously termed the “minimum wage”. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and Seattle recently established a plan that would see their minimum wages rise to $15 by 2021. The question for all the other forty-eight states remains, should the minimum wage be raised?

What’s in it to lose? Nothing because by doing so it can help to reduce the government welfare spending at the same time helping someone to at least make ends meet. Therefore, raising the minimum wage will help people to take of their family basic needs such as good nutritious food, instead of the unhealthy food, health assurance for them to go to the doctor and a place to stay. People that work minimum wages not always able to afford their basic needs. They sometimes prone to sickness because of their unhealthy lifestyle and with no health assurance they won’t be able to afford to go the doctor or their

The minimum wage is one of the most controversial issues on our country, which is United States has been facing last ten years. There have been never ending debates over this issue until the government, company, and others party stand together, and raise the minimum wage throughout the nations. There are communities that believe raise the minimum wage has negative impact of every sector of the country. Other communities have different beliefs over the issue, raising the minimum wage helps the poor people, and would help not hurt our economy.

Minimum wage should be raised since the living wage continues to rise. Minimum wage was established in 1938. President Franklin Roosevelt was the one to sign the Fair Labor Standards Act that established minimum wage.. The minimum wage boosted up in 1968 to one dollar and sixty cents.That would have been ten dollars and fifty-two cents in 2012.. In 1991, the minimum wage increased to four dollars and twenty-five cents an hour.. Then in 1997, it went up again to five dollars and fifteen cents an hour. The last time minimum wage was raised was in 2009 to seven dollars and twenty-five cents an hour. Minimum wage should be raised because of inflation, economic gap, and middle class support.

Understanding the potential of an increase in today’s minimum wage is the key to understanding the above statement. As a financial mechanism in American society, the minimum wage has helped to sustain generations of workers. Yet, there are two sides to the debate over minimum wage increases. One side—the proponents—feel strongly that low-income workers need some incentive to earn a sufficient living. Conversely, opponents believe that changing the minimum wage does not always help workers and can

While I think that the minimum wage should be raised to $15.00 an hour, Mark Perry, a scholar at AEI and a professor of economics and finance at the University of Michigan 's Flint campus, argues “Seattle’s new minimum wage law takes effect April 1 but is already leading to restaurant closings and job losses” (Perry). Perry wants us to know that the Seattle’s new minimum wage law is “a government-mandated wage floor that guarantees reduced employment opportunities for many workers,” and increasing the minimum wage will surely leads to small business closing and job losses (Perry). However, what he said is erroneous, and a recent report written by Michael Hiltzik, an American columnist and reporter, won a beat reporting Pulitzer Prize in 1999 and won a Gerald Loeb Award for Distinguished Business and Financial Journalism in 2004, also validated this statement.

How come lets say in this state you get paid $3.00 and at a different state but same job you get paid 8.00$. It's not fair that people get paid more in different states for the same job.

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.

An increase to the federal minimum wage adversely influences the training opportunities afforded to unskilled and low-skilled workers. Minimum wage impacts a company’s willingness to take a risk in hiring

Did you know if minimum wage were to raise, unemployment rates would dramatically increase because employers would not want to over staff knowing that consumers are going to be smarter with spending their money. I have read two articles regarding rising minimum wage one called There Is a Moral and Economic Case for Raising the Minimum Wage and the other Minimum Wage Laws Are Immoral and Harmful regarding rising minimum wage and whether this act should be passed or not. Minimum wage should not be raised because it will decrease living funds, encourage inflation, and raise the unemployment rate. If minimum wage goes up, everything else would raise with it and that’s where everyone’s money would go.

When you have a job to where you have to deal with so much, but you only receiving 7.25 an hour. You always thinking to yourself that you deserve way better than date. Alabama has no minimum wage and the federal minimum of $7.25 applies in the state. The Birmingham City Council passed an ordinance Tuesday to set a minimum hourly wage in the city and increase it to $10.10 an hour by July 2017. Alabama is one of the top ten poorest states in the United States and our poverty rate is 18.7 percent. In the years of 2011 to 2013 nearly 17 percent of our people struggled to find food. In 2013, almost one million Alabamians depended on food stamps for their home. Raising minimum wage for Alabama has to happen by the year of 2018 because we all have to provide for our families in all types of ways, there would be way many more students in college, and Alabama could change for good.

"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty."

However, the minimum wage hikes are sold to the low-skilled workers, the studies show the hikes can equate to job loss or hours substantially reduced. Further, compounding income disparity or causing income losses and increased poverty. The net loss, the families of the low-skilled worker are not better off and in many cases, such as single mothers, worse off. (Sabia & Burkhauser, 2010 p 5) Providing a slightly more positive view but statistically insignificant, some low-skilled workers who remain employed tend to move toward the high side of the poverty level but not out (Neumark & Wascher, 2002).

In a paper titled “Four Reasons Not to Increase the Minimum Wage,” the Cato Institute, a libertarian think tank, offers four empirically backed consequences of increasing the minimum wage; these consequences include: the loss of jobs, low skilled workers being disproportionally affected and priced out of the job market, a minimal effect on reducing poverty, and higher prices for goods. The paper compiles a number of studies to support these

Congress enacted the federal minimum wage in 1938, during the Great Depression. Congress had two goals; keeping workers away from poverty and boosting consumer spending for economic recovery. Today, there is a debate, whether we should increase the minimum wage again. Increasing the minimum wage is useful for several reasons. First, the current minimum wage has failed to keep up with inflation. Second, a higher income level reduces employee turnover and increases efficiency and ultimately, raising the minimum wage does not reduce employment. Even with high unemployment rates, the minimum wage is useful for the economy.