Health Benefits Of Raising Minimum Wage

Throughout the article he argues that a raise in minimum wage would cause a lot more trouble in the economy than we think it would, the rise would make companies put more money out, therefore making less. After this two things would happen, the first is that jobs would be cut down, because the company has more to pay fro each worker they would drop the workers that they didn’t need and pay for only workers who they can afford. Another effect of raising the minimum wage would be that consumer prices would shoot up. In effect of the price of the workers going up, the sellers would need to make up the money, therefore their selling price would raise to accommodate higher wages. Not only would this affect people who have been working for some time, this would highly effect people who have little or no experience in the work place. Since the companies had to cut jobs down, jobs for younger unexperienced people goes down, also the higher paying wage would attract higher experience workers to the job, which would be preferred over unexperienced workers.

The controversy over minimum wage has been ongoing. However, as explained in a Time article by Chris Lu on the subject, now is the prime time to raise the federal minimum wage. “Three out of four Americans support an increase; the economy is healthy; and many employers are already raising wages.” It’s reasonable to be worried about the consequences that raising the minimum wage might have in a time of crisis or unrest, but this quote mentions a healthy economy that would be able to handle the shifts in wages if things went south temporarily. Another argument made by opposers of raising the minimum is that businesses will be unable to survive. On the contrary, a good business will find it beneficial. “‘It’s a simple, but critical, concept: take care of your people and they will take care of your customers.’ For &pizza, higher wages reduce employee turnover, increase productivity and improve customer service.” Rather than hurting the economy, raising the minimum wage will help workers, business owners and the economy itself. A higher wage for all is

Raising minimum wage 10% would reduce the amount of poverty by 2.4% ( Konzal, Mike. ) The raise of minimum wage may be able to pull 4.6 million people out of poverty. Although there are 45 million people in poverty, pulling 4.6 million out is a good start. With raising minimum wage there are possibilities of it boosting workers incomes by 10% which is an increase of $1,700. A raise like this is a big boost to people's quality of life and living conditions. Having high paying jobs for workers would pull about 900,000 americans out of poverty and raise the income of 16.5 million workers all around the US. While raising minimum wage has some positive outcomes there is more possibility for negative outcome. Positive effects like poverty rates possibly dropping are great but not enough money can be made. Workers income will be raised because of the wage raise but it is not good enough. If firms pay more they are going to look for less workers because of the raise or resort to other ways of work. A raise in minimum wage has opportunities to pull people out of poverty and raise incomes of people but it is not 't enough. ( Khimm, Suzy. )

It’s hard to talk about minimum wage without somebody saying that raising it will ruin the economy, but this is a myth, raising the minimum wage would benefit millions of American workers. according to a

By raising the minimum wage millions of workers would see an improvement of their lives because they will finally have more money to be able to spend on themselves. In article one it talks through and states how “11 million workers above minimum wage will see and increase through “spillover”.” This shows that by increasing the minimum wage, workers that are already at that level would see a bonus within their pay. Another quote from article one is “the new minimum wage would affect families, disproportionally women who work 20 hours.” This shows that families, would be the first to feel the effect and also help families whose parents have to work overtime. In general, raising the minimum wage is very beneficial for families and female workers who work at or around 20 hours a week.

The topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy.

One reason Raising the minimum wage is a bad thing is because it leads to lower unemployment for low skilled workers who are mostly teens looking for their first jobs. A University of Waterloo study found 10 percent increase in the minimum wage leads up to 4 percent drop in teen employment. which in short terms is people without education dont have incentive to get a education because they are getting 15$ dollars

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.

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.

However, not everyone is on the bandwagon. Conservative economists point out the negative effects the wage increase could have on the economy. They see it having an effect on the demand of jobs. Businesses facing higher labor costs would raise prices, passing those higher costs on to their customers. That would lead their customers to cut back on their purchases, meaning that businesses would need fewer workers (Lowrey). Raising the minimum wage would also make hiring low-wage workers more expensive relative to other investments, like new machinery. Businesses might then reduce their use of low-wage workers and shift their spending toward other things, such as automated systems.

Even though Janice Steele, conciders, minimum wages increase not to be a good idea.She feels that it will cause a major job lost if the minimum is raised. Ira Knight has the strongest support about the minimum wage increase versus, Janice Steele disagreeing . While Mr. Knight outlines the benefits of raising the minimum wage, I can personaly see the improvements this increase could make in my house.

The most prevalent and steadfast myth surrounding the raising of the federal minimum wage is that it will doom the economy. This might seem logical at first, but just think about it for a second. Why do minimum wage employees need more cash? The answer is simple: To spend it, to buy the things that they and their families need to survive. “Most minimum wage workers need this income to make ends meet and spend it quickly, boosting the economy. Research indicates that for every $1 added to the minimum wage, low-wage worker households spent an additional $2,800 the following year” (Fair). Furthermore, EPI estimates that if the federal minimum wage were raised to $10.10 an hour, it would result in over

Should we raise the minimum wage of $7.25? President Franklin Delano Roosevelt in 1938 established the minimum wage of $0.25 per hour during the Great Depression. Congress has raised minimum wage 22 times. The last increase was in 2009 when congress raise it from $6.55 to $7.25 per hour (“Should the Federal,” 2017, para. 1). Those who favor the idea of raising the federal minimum wage agree that $7.25 is not enough for living expenses and that increasing it will better the economy (“Should the Federal,” 2017, para. 2). People who are against boosting minimum wage say it will force businesses to shut down, cut workforce, and put a limit on hiring. Above all, those with little experience will find it harder to find a job (“Should the Federal,” 2017, para. 3). Increasing the federal minimum wage is an inconvenient idea because it will increase poverty, damage businesses, and leave young adults out of workforce.

Workers today working in the lower level jobs are receiving a low wage that will not financially support them. Most people think that if the minimum wage was raised that it would have a huge impact on the unemployment rate in America today but that is not the case. The minimum wage has been a huge topic lately on if it should be raised, stay the same, or if they should raise it gradually. People have different opinions on if it should be raised or not based on many different reasons. Minimum wage should be raised because it will not have a significant impact on unemployment, it would lower the rate of poverty in America, and also it would benefit those working lower level jobs.

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