For many years now, president Obama and Congress have taken up the issue of minimum wage laws because lately it has become a sort of conflict in our society as well as our economy. There has been much discussion about what good can come to America’s low-wage workers and there has been the same amount of discussion on what possible negative effects this legislation may bring. Full-time workers should receive enough to support themselves and their families. The purpose of the minimum wage law is to lift up the under paid workers but those workers see themselves as being underpaid(). If the economy is constantly changing should not our wages?
First, as a person who has worked for more than one minimum wage job I know for a fact 7.25$ per hour simply is not enough to support a family or even myself. I believe increasing the minimum wage to a reasonable wage, such as 9.15$ per hour would be beneficial to our small
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An increase in unemployment and product prices will occur because when the workers are paid more, businesses will have to raise the prices of their goods in order to still make profit. This may lead to inflation as well. Seeing the law of demand, when the prices increase, buyers will purchase less. This will cause the demand curve to shift to the right (Hubbard and Anthony 2015). If labor is more expensive employers will be forced to hire less workers. As for supply, higher prices of supplies will create a surplus in supply, causing the curve to shift to the right (Hubbard and Anthony 2015). The higher the wage, the higher the number of workers willing to work but the number of workers hired will be lower. This increase in unemployment can hurt the prices of goods and services and businesses will have to allocate more money for wage, which makes the charge more for their products. Raising the minimum wage can lead to many consequences, it can even lead to a decrease in economic
Raising the minimum wage could help a lot of family in this country and the one that come here for a better a life that work hard to sent money for their family over the seas or try to get them here sometime they have two or three job cause they can't go school or have no time to cause they have to provide for their family, even family that were born her struggle to make a living in sometime need the government help, if they was getting pay for fair amount of money per hour they could've support their family more and live in a better environment
Since September 1, 1991 the federal minimum wage in America has been $7.25; over 30 states have raised their minimum wage to over that amount, and I feel like they should raise the minimum wage to one final salary. It would be extremely difficult to survive on $7.25; To make ends meet, It is most likely that someone working minimum wage will be working more than one job. This can be very hard on families with children because the parents are away so much. Some states that have higher minimum wages like Washington with a $11 an hour make the prices of living higher and so it does not make a major difference in life.
party does not agree with raising the minimum wage a worker who is working full-time and is making minimum wage is receiving about $14,500 a year.
America is a place where the people strive to create equal opportunities in every avenue of life. Every American should have unrestricted access to the options presented before them, allowing them to pursue their life goals and die happy deaths. However, this principle only stands for access to options, it has nothing to do with the advantages and disadvantages of said choices. The American dream is the idea that if you work hard enough, persevere, and really believe in yourself, good things will come. Drastically raising the minimum wage goes against all of those principles, rewarding lethargic actions and poor life choices. Raising the minimum wage to $15 will do more harm than good for middle class americans by decreasing the value of the money in their pockets, driving out big companies, and generally increasing unemployment.
There is a lot of controversy over whether the minimum wage should be increased to 15$ 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.
It's still a relatively new topic, minimum wage. Introduced in 1938, by President Franklin Roosevelt, it was a part of the creation of the Fair Labor Standards Act (FLSA). This act established “minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers.”(United States Department of Labor). At the present time of 1938, 25¢was quite a significant amount of money. However, now, the federal minimum wage has been set at $7.25 by President Obama in 2009. Within the past seventy years, many states have desired to raise their own minimum wage higher than that of the federal minimum. Presently, twenty-nine states have elected to pay their workers more rather than giving them the short-end of the stick.
In the USA thousands of employees live under the poverty line while working full time jobs
Aaronson, Daniel (2001), "Price Pass-Through and the Minimum Wage", The Review of Economics and Statistics 83(1), 158-169.
Are you a millennial in need of money? Then raising the minimum wage seems like a logical solution. The minimum wage law has existed in the United States for many years, its purpose being to regulate the amount of money that an employee must legally be paid. Citizens of the United States should be against the minimum wage rising but instead should focus on improving government assistance programs and closing the wage gap. If the minimum wage drastically increased, then other wage average salaries would also need to increase, causing prices to rise as a consequence. A common argument against raising the minimum wage is that it would impact small businesses, and that jobs will be lost. The overall amount of jobs in the U.S. is not finite, and
Political analyst and civil rights activist Benjamin Todd once said: “No person can maximize the American Dream on the minimum wage.” Today, I have chosen to speak on the controversial topic of whether or not the United States should raise the federal minimum wage.
To start off, raising the minimum wage would put greater prices of many food items. According to ThinkProgress.com raising the minimum wage to $15 an hour would result in food prices to be increased by 4.3 percent. That 4.3 percent increase may not seem like much when you add it to a four dollar cheeseburger, but when
Many argue that raising the minimum wage makes hiring workers more expensive, eliminates jobs at the bottom, slows growth and ultimately raises unemployment. Economic studies show that raising the minimum wage to keep pace with inflation creates little additional harm, but what the president is
The federal government established minimum wage in 1938. They established it in a law called the Fair Labor Standards Act .This also marked the first time that employers were legally paid workers overtime for certain jobs .The country's first minimum wage was $0.25 an hour. Since it was last reset on July 24, 2009, the federal minimum wage in the United States has been $7.25 per hour. Minimum wage is the minimum hourly wage an employer can pay an employee for work. Some states have a higher minimum wage.Seattle, Washington has the highest minimum wage in the United States at $15 an hour. In my opinion the United States should raise the minimum wage for workers. Raising minimum wage will bring a better well being in our country. There will
Raising the pay of one’s workers is proven to increase productivity in the workplace: Worker productivity increased 104% while the minimum wage rose 101% between 1947 and 1973 (Henderson). Common sense also plays a role here. If you were being paid a penny an hour when you really deserve a quarter an hour, would you work your hardest? Would you begin your work enthusiastically at full-throttle? No, you wouldn’t, and the second you saw a better opportunity at another place of employment, you would jump to it. Why should you feel loyal towards a job or company which does not pay you enough to live? The federal minimum wage should be raised in order to ensure the effort and loyalty of workers.
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.