Increasing The Minimum Wage Essay

Do you feel that the minimum wage is often too low in North Carolina for not only teenagers, but for adults providing for families as well. Do you think that the minimum wage should be raised a few dollars to allow citizens working on minimum wage to pay for college, save for insurance, buy food, and pay for rent? The average citizen must work hours on end to provide enough money to live sustainably. Thousands of kids live in poverty, and barely have enough food to stay nourished. These are the reasons on why we should raise the minimum wage.

What’s in it to lose? Nothing because by doing so it can help to reduce the government welfare spending at the same time helping someone to at least make ends meet. Therefore, raising the minimum wage will help people to take of their family basic needs such as good nutritious food, instead of the unhealthy food, health assurance for them to go to the doctor and a place to stay. People that work minimum wages not always able to afford their basic needs. They sometimes prone to sickness because of their unhealthy lifestyle and with no health assurance they won’t be able to afford to go the doctor or their

Investing in employees is the single most important investment that a company can make. A lot of Americans are now in deep poverty, or have a huge amount of debt to catch up too. With the thought of that, in the United States today, millions of Americans are living on the federal minimum wage of $7.25. For this case, it is necessary that there is a need for an increase in the federal minimum wage because it would be much more beneficial to both the economy of the United States and to individual workers because more Americans need spending power, higher minimum wage will help close the wide gap between the wealthy and the poor, and the working poor need to protect themselves in case something goes wrong.

The argument for minimum wage has remained remake consistent over the years. Some people are against minimum wage and the other think minimum wage can help you in a certain way. In the midst of the Great Depression, the Unites States federal government passed the Fair Labor Standards Act. The law has been amended almost every year to expand coverage of the wage floor and to increase the wage itself. Many of the fifty states have enacted their own minimum wage laws, some of them set even higher than the federal level. Minimum wage jobs don’t only help adults at hard times it help teenagers and college students. I learned that the proponents for minimum wage believe the raw value of one’s labor to a business

In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as “a floor below wages,” to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement their living expenses. Since 1938, there have been many additional policies to the Fair Labor Standards Act that have changed many things, such as increasing the national minimum wage numerous times to the currently salary level, which was set in 1997. The Fair Minimum Wage Act of 2007 was a policy to change the federal minimum wage from $5.15 to $7.25 in three additions, which began in July of 2009. (http://www.dol.gov/whd/regs/compliance/posters/minwagebwp.pdf)

Minimum wage is the least amount of money that an employer is legally required to pay an employee. It is something that all people in the American workforce know about. It was made to prevent the employer from taking advantage of employees. It is what creates the bare minimum standard of living for the 73.9 million hourly wage workers in the United States. However, there are many different jobs with varying amount of skills that are needed for those jobs. This is where the problem arises because a worker may still be under paid for the job that they do. This problem splits the population into two main groups, one that wants the minimum wage to be raised and another that wants the minimum wage to remain the same, or to even be abolished.

A wage increase in our country would do a world of good rather than harm. This country is in dire need of a wage increase but just because it needs one doesn’t mean people shouldn’t read in between the lines and how it will be helpful. Minimum wage was always the status quo in this country there was a time where it didn’t exist. With time however, it established itself into our modern day society. Because of the growth of the country the minimum wage was left untouched forgetting what it was made to do in the first place. There are some negatives pertaining to raising the wage, some fictional others factual. Before, it was raised to compliment the normal amount money required for the standard of living for Americans. However, it never raised

The debate whether the government should raise the minimum wage has been challenged for many years and it is crucial to deliberate the ethical facets of such a conundrum. Research and economic texts have reported over many years that it is perhaps very difficult to

In “The minimum wage: To raise it or not to raise.” Mike Patton explains the negative effects of raising it. He addresses the various consequences this change would lead to the society in a long-term scenario. Even though protestors believe that the best choice they have to improve their economic situation is to get a higher wage, this action would lead not only to atrocious but perilous complications. It is undeniable that we are always seeking for an improvement in our economy but the issue of increasing the minimum wage cannot be discussed without considering the negative outcome of this tremendous change.

“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”

Proponents of raising the minimum wage claim that if the minimum wage was raised, then many economic and social problems would be alleviated. This contention is at odds both with economic principles and years of creditable research. The effect of raising or even having a minimum wage has been studied extensively and the majority of studies have proven that raising a minimum wage does not have the desired effect. Both micro and macroeconomic forces affect the results of raising the minimum wage. The secondary effects of raising the minimum wage are bad both for

In 2014, 1.3 million employees earned the federal minimum wage, but 1.7 million workers obtained pay below this wage (“Federal Minimum Wage: Is The Federal Minimum Wage Good For The Economy?”). The employees who get paid below the federal minimum wage, receive tips or different rates, depending on which state they live, but the most of employees who gain minimum wage are affected by their incomes. If the minimum wage increases, it will benefit millions of workers. The money workers based on minimum wage workers gained was insufficient to afford all their

Minimum wages go all the way back to 1938, during the great depression, when the stock market crash and bank loan were failing. Families need income of some type, were they wanted to make it fair were individual could get pay the same without a college degree. I am going to start off with a little about minimum wages history and how this could help our Economic.

In a paper titled “Four Reasons Not to Increase the Minimum Wage,” the Cato Institute, a libertarian think tank, offers four empirically backed consequences of increasing the minimum wage; these consequences include: the loss of jobs, low skilled workers being disproportionally affected and priced out of the job market, a minimal effect on reducing poverty, and higher prices for goods. The paper compiles a number of studies to support these

Opponents to minimum wage raise claim that the minimum wage costs jobs by pricing low-wage workers out of the labor market. However, when we review academic studies that examine the effects of minimum wage increases on