Increase The Minimum Wage

When there are millions of Americans living at or below poverty lines, something has to be done. Billion dollar companies and businesses that employ workers, paying them low wages is hurting the economy. The reality is, unless the minimum wage is raised, the cycle will only continue. With higher minimum wages in place, the entire country does better and, therefore, should be raised. There needs to be laws put place to raise the minimum wage. Doing so would boost the economy with all of the money that Americans would put into it. With higher minimum wages, millions of Americans can get out of poverty, not having to rely on the government for assistance such as food stamps, public housing, child care, and health care needs. They can afford better housing options in which they want to live. Communities would see less crimes in neighborhoods creating a safer environment. Aside from that, Americans can afford a good education, health care, as well as healthier eating and exercising habits.

There is a lot of controversy over whether the minimum wage should be increased to 15$ an hour in all states. Proponents say that current wages in America are not livable because inflation is way higher than the current minimum wage; Minimum wage was 1.60 in 1968, which is equal to 11.60 today. Opponents say that many cannot afford this, will have to close down, make cuts, raise prices and lay off people because they will need to pay them more. Most economists believe that that high of an increase would hurt job growth. I believe that Increasing the minimum wage to fifteen dollars an hour nationwide will do more harm than good. Raising the minimum wage to fifteen dollars an hour nationwide is too big of a jump and would just cause businesses to cut off workers, force small businesses to close and increase inflation.

To begin, increasing minimum wage would increase economic activity. With an increase of $1.75 hourly, it has been predicted that there would be increase of aggregate household spending to $48 billion the next year (Aaronson). This increase would boost the United States GDP and lead to job growth, which proves that higher minimum wage equates to higher economic activity. In addition, it has also been found that raising minimum wage would would benefit

This has been a discussion for the ages. The debate over raising the minimum wage has been a hot topic. Raising minimum wage would reduce poverty, be better for lower paid workers, and to reduce expense for social programs.

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.

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

The debate over raising the minimum wage has been a hot topic ever since President Obama introduced the bill at the 2014 State of The Union Address. He intends to raise the minimum wage from $7.25 to $10.10, an increase of over 40%. While the President claims this idea to be beneficial to the economy, studies show otherwise.

Minimum wage is the minimum hourly wage an employee can be paid from their employer. The federal minimum wage is set at seven dollars and twenty-five cents an hour in the state of Mississippi. Some states have chosen to raise their minimum wage higher than federal requires. San Francisco, CA, has the highest minimum wage fixed at ten dollars and fifty-five cents. Even though, some states have a higher minimum wage than others. The Fair Labor Standards Act entails every employee to be paid the same amount. If minimum wage was to be raised, it would have advantages and disadvantages.

The minimum wage was created in 1938 in order to give the people some sort of fair labor standards.the minimum wage should not be increase because it will hurt individuals and businesses and hurt the socio economic of equity by increasing the minimum wage some workers are gonna gain some but other are just going to be laid off because the businesses need more money for their employees.

In the USA thousands of employees live under the poverty line while working full time jobs

Minimum wage has a big impact on the economy and has the potential to harm it. Raising minimum wage to the right amount is a key to keeping the economy safe. If minimum wage is increased to $10.10, it will increase economic activity and create more jobs. Raising minimum wage too high will harm businesses and the economy. In an article by Lauren Dixon, she wrote that “If a new minimum wage is set low and close to labor costs, there would be minimal harm to business; if set too high,

“An increase in the minimum wage will boost income for the poorest workers without the danger of creating more unemployment.” (Obama). The argument whether the minimum wage in America should be increased of not has been a debatable topic for years. If the leaders of county could manage to increase the minimum wage, millions of families would profit from such an outcome.

Minimum wage is a problem, but most don’t want to raise it. Raising minimum wage will be a big problem now and including the future. Raising minimum wage is a problem depending on a social hierarchy. For many years the U.S had had many protesters and this is a problem according to state officials. Family's around the world are surviving on as little as 4.25 an hour in this case people have to survive off of food stamps and family members. Job owners can choose to higher the pay due to a raise in the company or a downgrade will determine whether they will make below minimum wage. Minimum wage should be increased from 7.25 to 9.00 an hour because of the over qualified, educated, and experienced Americans who are now relying on minimum wage jobs as a result of the struggling economy. Also, increasing minimum wage could help stimulate the economy. But, in order to get the economy back on track the spending power must be in the hands of the Americans who in fact, spend. With today's tough job market most job seekers are willing to acquire positions they are considered over qualified for, even if it means taking a pay cuts. Therefore, an increase in minimum wage will ensure that low wage over qualified workers have the means for vital necessities like housing, food, transportation and health care. Last year more than 200,000 Americans with college degrees were working minimum wage jobs due to our struggling economy. Furthermore, an increase in minimum wage would help stimulate the economy by

Raising wages would affect the individual worker by improving their lives and standard of living. Macroeconomics is the part of economics concerned with large scale or general economic factors, such as interest rates and national productivity. A twenty five percent raise in minimum wage, would increase gross domestic product and spur the economy. Increasing the minimum wage by 25%, to nine dollars, will improve the lives of many Americans/the standard of living, and spur economic growth. Economist Jared Bernstein who is the economic adviser for vice President Joe Biden says,” An increase is not a luxury or 'beer money' anymore. There are too many people who depend on a low-wage job to meet their family budget that this increase is needed, not

The idea of having a federal minimum wage is a good one. The idea is to protect low and unskilled workers from discrimination and allow all workers to earn a living wage. The recent debate on the floor, though, is whether or not to raise the minimum wage from the current $7.25 per hour up to $10.10 per hour. President Barack Obama made this proposal during his annual State of the Union Address on January 28, and following this there were many hot debates about it. The debates focused not only on the advantages and the disadvantages of increasing the minimum wage, but also the alternatives to increasing it.