Increase In 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.

We are arguably living in the aftereffects of a country that reached its heights of Capitalism during the Industrialization era. Prior to the introduction of machinery and railroad systems to America, the economical framework relied on a warped version of lasseiz-faire and featured wealthy descendants of British merchants who joined the colonies. Others worked menial jobs and apprenticeships to guarantee their source of income and it is safe to say that many were unhappy with their predicament --- even if they had no platform to voice this opinion. While the Industrialization Era introduced centuries of wealth to America, it also severely tipped the wealth distribution scale which can be seen extremely in events like the multiple depressions of the 19th Century and recessions in the 20th Century. In a 2013 statistic, researchers found that 53.5% of people despise their jobs. If you ask around, you 'll find that many overqualified Americans are still working menial jobs to provide for their families and that even office jobs are not that promising in terms of salary. The wealth cap for most of these citizens is around $60k~ and many, many Americans are living in poverty. There seems to be a socio-economical propaganda that is being spewed around for many years that many workers of minimum wage are lazy, entitled teenagers who have nothing better to do than sit around and collect

That a higher minimum wage will help create jobs and grow the economy; that the declining value of the minimum wage is one of the primary causes of wage inequality between low- and middle-income workers; and that a majority of Americans, including a slim majority of self-described conservatives, support increasing the minimum wage.

According to the Quinnipiac University Poll, 71% of American people support an overall increase in the national minimum wage (Polling Report, January 4-7, 2014). In 2014, according to the Pew Research Center/USA Today, 73% of Americans who strongly favored an increase in the minimum wage wanted an increase from $7.25 to $10.10 an hour which is an increase of $2.85 (Polling Report, January 15-19, 2014). Now, in the year 2016, 58% of American people in the year 2016 continue to favor an increase in the federal minimum wage from $7.25 an hour to $15 an hour (Polling Report, August 9-16, 2016). In 2016, Americans now support the idea that the minimum wage should be increased by $7.75. Reform liberalism favors equality in which each individual is given the opportunity to grow individually, financially, and economically. Generally, Americans who support an increase in federal minimum wage support government intervention in the market system rather than allowing prices to be determined by market forces. As previously mentioned, reform liberalists support government intervention in order to ensure equality among all. Based on these polls, the positon of most Americans regarding the federal minimum wage supports the idea that the political beliefs of the American people can generally be characterized as reform

With the minimum wage set at $7.25 dollars per hour many people are struggling to make do. The average cost of living in America is too much for people, who make minimum wage, to make ends meet. It’s thought that raising the minimum wage will have a negative effect on the unemployment rate but there has been no evidence of that. The value of the minimum wage has dropped immensely since 1960. Raising the minimum wage will be beneficial to America and its citizens. In 1968 the minimum wage was equal to $10.74 today. That means in 50 years the purchasing power of the minimum wage has diminished. From the end of WWII upto 1968 minimum wage was on pace with the average worker productivity rate. If this trend was true from 1968 to today and worker

Raising the minimum wage is a false idea that millions of Americans have; people believe it will put more money in their pocket and will be making more money than he or she is now. This is a wrong accusation to make. The people wanting to raise the minimum wage is the people of lower income levels. If the government raises the minimum wage, the cost of living is going to go up, guaranteed. Many people think that raising the minimum wage will help kids pay for school, when this actually encourages them to drop out early in the pursuit of money.

Many people in America work for minimum wage but working full time on min. wage isn’t enough to live on(Jarvie). There are several million min. wage workers in the U.S. Most have to use food stamps or government subsidies to get by, the ones that don’t barely get by. Many people work two or more min. wage jobs to afford their everyday expenses. The Democrats want to raise min. wage to make it easier on these people. I don’t think this would solve the problem

A very controversial yet interesting issue today in the United States is minimum wage if it should be increased or not. While some want to raise minimum wage to the living wage, minimum wage should not be raised because it increases low skilled worker unemployment, increases the Cost of goods/services,and Cuts back on work hours.

Minimum wage should be increased, so the Democrats project. It should be increased seeing that it would benefit citizens and their families for the reason of financial issues. Those who did not have the opportunity to receive a higher education are struggling to make ends meat. Minimum wage is at a very low rate for a person trying to own a home, car, clothing, food and benefits. A person can be working more than one job and still may not have those necessities, due to the fact that goods and bills take a great amount of money. If minimum was increased there would be no need for public housing, food stamps or medicare because citizens would be making enough money to be able to provide themselves with all of these necessities to live. The Republicans say that the problem with raising the minimum wage is that prices of goods will incline and will put society in the same spot that we are in today. Citizens would not be able to afford that increase. Education is a problem today in the political realm. For a higher education, the cost should not be as high as it is today for the reason of needing an education to survive in today’s world. Democrats believe that the cost should be cut completely or lowered tremendously. Republicans on the other hand disagree, it is citizens own responsibility to get themselves a higher education and should not rely on the government for

Raising the minimum wage has become a controversial debate in the American political economy. Many disagree on the effects of raising the minimum wage, from economists to politicians. According to a November 2013 Gallup poll, 76 percent of the public supported an increase in the federal minimum wage to $9 an hour (Mejeur, 2014, p. 17). Those in favor argue that the current minimum wage is not enough to live off, and that raising the minimum wage will reduce income inequality, reduce the expense for social programs, stimulate the economy, and have no negative effect on

Others studies also report that women are impacted more than men. Two thirds of all workers being paid at or below the federal minimum wage are women. This has been continued in a lot of companies, where there still give more rights to men than women for the same position. This means that 67% more women work minimum wage jobs than men. So, this will really affect women because they will be still doing the same amount of work or more work than before and getting paid less than men.

There are only a few ways a restaurant can manage a required wage increase and maintain profits. To stay in business, low earning restaurants like Waffle Now, would have to make all sorts of budget cuts. A lot will have to be lost in order to raise server wages.

The piece of business writing I chose was titled “We Are Seeing The Effects Of The Minimum Wage Rise In San Francisco” by Forbes contributor Tim Worstall

Economic theory suggests that the macroeconomic effect of minimum wage increases on gross domestic product (GDP) is ambiguous. Minimum wage increases may increase labor costs and output prices, reduce firms’ profits and job training, and cause adverse employment and hours effects, each of which may reduce GDP. However, if minimum wage increases raise the earnings of low-skilled workers who keep their jobs—and these workers have a higher marginal propensity to consume an additional dollar of income than firm owners or low-skilled workers who lose their jobs—minimum wage increases will result in higher GDP minimum wage increases may increase worker effort, either in an efficiency wage framework (i.e. where workers are paid more to encourage higher

One way that has been suggested to help break the cycle of poverty is to raise the minimum wage, currently the minimum wage in America is $7.25. According to former Bill Clinton the increase will "raise the living standards of 12 million hardworking Americans." (Williams) Sen. Edward Kennedy (D-Mass.) said "the minimum wage was one of the first—and is still one of the best--anti-poverty programs we have." (Williams) Many democrats want to raise the minimum wage to $15.00 an hour while republicans feel the increase will results in lost jobs. The Republicans opinion is that of wages should be justify if the employee meets job qualification and education. While minimum wage workers do not have a high school diploma or only have a high school