Increasing Minimum Wage Is Increasing

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.

Minimum wage is currently at 7.25 (Furman) if minimum wage goes up so does everything else, so it wouldn’t make a difference. Food cost will go up, such as milk sugar, and everything else we use on a daily basis. Not only that but, It could cause a store to shut down due to having to pay employees twice as much as before. Labor cost would be high and unreasonable. If the prices of items or product being sold doesn’t go up.

During the 2008 Global Recession, the employment rate for young adults and low skilled workers disproportionately, and once the recession had eased the employment gap based on education worsened significantly. In 2016 Presidential election raising the minimum wage became a key policy issue for the Democratic Party to help give those workers who were hit the hardest during the recession a much needed income boost. During the 2016 Democratic National Convention the Democrats agreed to add a $15 minimum wage into the party’s platform, taking a pivotal step sought by Vermont Senator Bernie Sanders and labor Unions. When it comes to raising the minimum wage and what it would do to U.S. employment, prices and productivity. Economists are willing

The minimum wage has been a topic of discussion for decades. It was introduced in the Fair Labor Standards Act in 1938, originally set at $0.25. It has since been raised 29 times. The current federal minimum wage is $7.25 and was set in 2009 (11). This is the reason many people are upset with the wage not increasing. It would take $8.09 in 2016 to equal the $7.25 from 2009. The minimum wage needs to be increased to boost the economy and lift families out of poverty. However, the minimum wage should not be increased to more than $10 per hour to prevent an increase in the price of consumer goods and prevent a spike in high school dropout rates.

There has always been a mentality in the United States when it came to providing for yourself or others, and it’s that if you want to live a better lifestyle then you have to work for it. Ever since the industrial revolution that was the idea the United States were known for, the American dream. The opportunity of working hard enough so you can have a better life is the reason why so many people migrated to the United States. So many of them learned it was pretty hard to accomplish that goal while earning so little and working in dangerous jobs with little to no restrictions. Many immigrants lived in horrible conditions because of this and it wasn't until the government started putting restrictions and regulations on how little you can pay

Have you ever wonder about people who works hard at their jobs and don’t get enough money? My friend's mother is a single parent with two child one is in college and another one is in high school. She works at the Macon County Elementary School as a special need teacher. You can say that most teachers don’t make a whole a lot in the middle Georgia area. She doesn't have enough to pay for daughter college funds or give her son his needs for school. She also struggles to pay for rent, car insurance, and other bills. Most of her family isn't from here so she really don’t have many relatives to support her. Increasing the minimum wage can help families who are struggling with living issues, decrease the unemployment rate, and help businesses with the cost of living.

What do you think happens when you lose your job? What if you were over fifty years old and only a few years before retirement? You don't get special treatment for all of your hard work until then. you get a call from The bank.you are infomed that you are late on your payments. To avoid losing your house that you have spent 15 or more years paying the loans, you get a job fast. You are now working two full time jobs to pay off the remaining loan and the extra charges because of being late on a few charges. You get home after an unbearable 12 hour day, which you have another 12 hour shift tomorrow, and see a car in your yard and a person with a suit and a notepad closely inspecting your house. You ask the person what's going on and they say

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.

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.

Minimum wage increase has been a very hot topic in the past few years and even more now. Multiple factors are involved with making the increase, such as whether or not the companies are going to be forced to layoff workers due to the increase in wages being paid. The minimum wage has been researched and reviewed on 64 different studies by the Labor Department. The Department found "no discernable effect on employment." We look at history to predict our future and expectations and in 1949 the federal minimum wage increase 88-percent in one year and that did not increase the unemployment but decreased from 5.9 percent in 1949 to 2.9 percent in 1953. The current unemployment rate in the United State is 5.3 percent as of July 2015 According to

Increasing the minimum wage would cause rising prices, raise the unemployment, and hurt small business owners.

In their April 2016 Health Economics article, “Introduction of a National Minimum Wage Reduced Depressive Symptoms in Low-Wage Workers: A Quasi-Natural Experiment in the UK,” authors Aaron Reeves, Martin McKee, Johan Mackenbach, Margaret Whitehead, and David Stuckler examine how an increase in minimum wage in the UK improves health through an examination and survey of a few different groupings of the population. The authors assessed mental illness, smoking habits, blood pressure, and hearing ability on groups that received in an increase in minimum wage compared with control groups that were not affected by an increase in minimum wage because they either already had a higher wage than the minimum or because their firm did not increase wages.

Increasing the minimum wage doesn't seem good for the British economy, it would do more harm than good. Giving people a more livable wage is great but I think it's more complicated than just increasing the minimum wage. As mentioned in the article it puts people like Ms. Von Der Heyde in difficult situations. Increasing the minimum wage seems to only be a realistic idea for big companies. Businesses with thousands of customers could potentially increase their prices by a small amount and have enough to account for the higher wages. While a small business such as the Georgian House Hotel would have to substantially increase prices or cut workers to afford the higher wages.

The minimum wage has grown twenty two times since it was first introduced in 1938.