Increased Minimum Wage

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.

In a 2015 survey conducted by The New York Times and CBS News, 71% of people surveyed believed the minimum wage should be raised to $10.10 (Should The Federal). The minimum wage has been increased by congress 22 times since 1938 and was last updated to $7.25 on July 24, 2009 (Minimum Wage). 3.3% of workers in the United States get paid the minimum wage or lower (Background of). A federal minimum wage hike would lower poverty levels, decrease spending on government assistance, and increase productivity in jobs.

First, we are huge fans of yours and we can't wait until you become President of the United States! We are emailing you because we would like you to hear our views on the minimum wage issue. We have learned that the purpose of minimum wage is used to stabilize the economy and to protect the workers in the labor force. We know that you are in favor of raising the minimum wage to about ten dollars which seems fair and reasonable. We also know that you want to create more jobs which would be more attainable with your minimum wage plan. We are all in agreement with your plan for minimum wage and know that it would make life much easier for those Americans whose only source of income is a minimum wage job.

The minimum wage has always been a crucial part of American economics, being a hot topic for debate. Recently, the idea of increasing the minimum wage to $10 an hour has sparked a great deal of controversy. These debates have jumbled American politicians and citizens around, trying to decide what they believe is the best way to approach the topic. Most Americans believe that the minimum wage should be increased, according to Pew Research Center, 33% favor and 40% strongly favor this raise. This can cause problems for many people without them realizing the consequences. The increase in minimum wage to $10 an hour would be detrimental to the United States economy, if passed it would result in increase of costs for businesses, unbalance of the

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

When people get a job they think that they should be able to afford to financially support their families; however, this is not the case for so many hard working people. There are plenty of people who opposite the raise of 15 dollars an hour, yet there reasons are unsound since just like the business owners try to get their employees are trying to support their families. Many think that raising the minimum wage would hurt businesses, yet how can businesses grow if people do not have money to spend on those businesses. People need to have extra money in order to be able to spend more money and help the economy. Increasing the minimum wage helps many people be able to survive.

Although there is a great deal of disagreement about how to regulate the minimum wage in America, statistics indicate that the minimum wage has not been keeping pace with inflation. “The federal minimum wage is just $7.25 an hour and hasn’t been raised in three years. But a raise is much more overdue than that. If we look at the minimum wage 44 years ago, and simply adjust it for inflation, it would be more than $10 today.” However, there is tremendous resistance to raising the minimum wage, because of the belief that to improve the economic recovery, workers must be ‘cheap’ to encourage businesses to buy more labor. According to classical economic theory, as supply increases in the form of unemployed labor, labor prices should be allowed

The first minimum wage law was imposed in New Zealand in 1894; since then other countries have followed. Forty-four years later, the United States enacted The Fair Labor Standards Act (FLSA) of 1938 which set the United States minimum wage to $0.25 for workers who were covered. Since 1938, as the standard of living increases in the country, the minimum wage has been “raised 22 separate times–most recently, in July 2009, to $7.25 an hour” (Center for Poverty Research UC Davis; 2018), where it currently remains. Although there is a federal minimum wage, states and cities are allowed to set floor rates higher than the federal rate. Minnesota’s minimum wage is currently $7.87 but Minneapolis recently decided to raise their minimum wage to $15.

On February 12, 2013 President Obama delivered a State of Union address in the House

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.

Minimum wage has long been a topic that has brought on many heated debates. It has been said over and over again that minimum wage should be raised. These people say that raising minimum wage only does good for people. However, I, along with many other people, believe this is wrong, and we should instead be making moves to keep minimum wage where it is. Raising minimum wage may provide some positive effects, but those positives only go on to be overwhelmed by the negative effects caused by it. Wages should not be raised because if done so, employment would drop and companies would need to spend and earn more money.

According to Gallup, a surprising seventy-four percent of Americans are in favor of an increase on the issue of the federal minimum wage, points out Eliza Gray from Time magazine (Gray 39). Liberals strongly believe “that people who work full-time should not live in poverty” (Dreier 86). America’s working poor and the economy can be better off if the minimum wage increases.

Imagine a world without your favorite fast food restaurants, without your favorite clothing shops, or even some of your favorite companies that you buy many products from. As well as the losses of your favorite products, many jobs would be unavailable for you in the future. What would it be like if most (if not all of them) were just gone? That world is what it would be like if we raised minimum wages to $15 an hour. “Today, people are trying to help fast-food workers. They want to raise their wages to $15 an hour. The problem is, it will only hurt them” (Source 2). Minimum wages should not be raised because many businesses would fail due to money losses. Also, less started jobs would be available for young adults and teens. Minimum wages should

I think minimum wage is important because brings families with a lower income out of poverty. Mr. Sherk says “it is ineffective because it keeps some workers from on “the bottom rung of the ladder” little chance. When they keep upping the minimum wage some workers get the benefit while others get left and do not get the higher paying jobs. With increasing the minimum wage older workers get left for younger teenagers which leaves a high unemployment rate. On a statistic taken by the BLS or Bureau of Labor Statistics says that the people getting minimum wage are 16-24 year olds, the teens wanting a summer job or single mothers trying to support their families. Nine percent of adults under the poverty line are working full time.

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