Increasing the Minimun Wage Can Be Beneficial

Raising the minimum wage is a very important public policy issue. Raising the minimum wage is a responsible policy that is supported by research and demanded by the American public. Each day, minimum wage workers across the country struggle to make ends meet and provide a decent life for their kids (Scott & Perez, 2016). Raising the minimum wage is a controversial issue, many believe that raising the minimum wage would only provide low wage workers more money to spend. However, the benefits can be endless for low wage workers. If minimum wage is increased across the United States it would afford the people effected more opportunities for financial freedom. Increasing the minimum wage would raise the standard of living for low wage workers, allow families to be removed from poverty, allow for government welfare spending to be reduced and lastly additional income being spent would positively affect the economy.

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.

Mike Durant once said, “Making it more expensive to create new jobs is a perfect way to guarantee fewer of them.” The recent, “Raise the Wage” campaigns have sparked an interest in many low-wage workers. However, those who support this initiative are unaware of the economic problems that will arise if this is successful. Several cities have already raised their minimum wages and some, like Seattle, are raising it as high as $15 per hour. Currently, supporters of this campaign argue that the government should implement this increase federally. However, doing so will have broad and adverse financial implications. Ever since the Great Depression, the minimum wage has been in effect — to reduce poverty and solidify that

Should minimum wage be increased? Passage one strongly supports and gives details on why minimum wage should be raised. Many workers are asking for a national minimum wage increase to $15 per hour, while others say that a higher minimum wage will stifle business and ultimately hurt the economy. So, should the minimum wage be increased or not? The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers earn the federal minimum wage or below.

Minimum wage is the lowest possible wage permitted by law to receive for working everyday jobs. In America, the average minimum wage is roughly ranging from $7.25-$9.00 depending on where a person may live. Through three arguments I have received I have accumulated much knowledge pertaining to minimum wage in America. All three arguments suggest what they believe should be done in regards to whether minimum wage should be raised or stay the same. After watching “Thirty Days in Minimum Wage” by Morgan Spurlock, reading “Economists Argue About Minimum Wages” from The Economist, and reading a minimum wage piece from a news article. I have gained enough facts to realize that I believe that minimum wage should be raised in America.

Should minimal wage be raised to $15.00 an hour? I think that minimal wage should be raised and would greatly benefit the economy. Raising the minimum wage can lead to economic stimulus, create more opportunity for jobs, and reduce the expense of social programs. If the economic stimulus is improved, there is more money to be spent. If there are more jobs created, people can appreciate productivity and turn down rates. If the expense of social programs is reduced, low income families would not have to worry about depending on welfare. Raising minimal wages would give hope to the woman, different race, and encourage and motivate others to further their education. (Doyle, 2015).

In our modern society one of the seemingly least controversial topics is the minimum wage. The popular opinion wants to raise the minimum wage, but is the popular opinion always right? Throughout recent years, politicians have made promises to raise the minimum wage to help low-income earners live a better life. Contrary to popular belief, raising the minimum wage actually hurts low-income earners and low-skilled workers. We must first define a low-skilled worker. A low-skilled worker does not mean that particular employee is not intelligent; it simply refers to a worker who cannot perform as efficiently due to low educational attainment. Through this paper, I hope to inform you, Mr. Randall L. Stevenson, and our company, AT&T, about the disadvantages of raising the minimum wage.

It is a good economic policy to increase the minimum wage for low income earners. Increase the minimum will help these individuals get out of poverty, make a good living and afford better health care coverage. In addition increase the minimum wage will help individuals to take care of themselves and stop rely on social program and government assistances. Thus at this point the big concern is to decide how much to increase the minimum wage.

This hot debated topic about how minimum wage should be increased dates back to where history began. Most people today forget the painstaking, agonizing labor that people had to go through. Think about this for a moment, a world full of men, women, and children working every day 90 plus hours per week and getting less. In 1915, “woman was paid $6.00 a week; she bought her lunch for 15 cents while her struggling co-worker got by on 6 cents.” (http://money.usnews.com/money/personal-finance/articles/2015/01/02/a-glimpse-at-your-expenses-100-years-ago) This shows these people worked very hard for little money without complaining about their expenses.

The minimum wage is basically the lowest an employer can give there worker an hour, and abide by the labor laws. In most states the minimum wage is $7.25 per hour, but in California and Massachusetts the wages there is $10.00 per hour. Senator Bernie Sander agreed to living in poverty with the wage set at $7.25 per hour, and that if he made it into the office that he would introduce a bill to raise the wages all over to $15.00 per hour. The benefit of raising the wages would help low income families throughout the economy, and help with unemployment. Overall, this is based on our President and Congress whether a law like that can be passed.

“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.”

In early March 2016 Governor Jerry Brown passed a new bill to increase the minimum wage in California from ten to fifteen dollars by the year 2022. The minimum wage will be increased by one dollar each year until 2022. This will give businesses enough time to meet state requirements to raise wages for employees. The bill was created to help people who are making less than minimum wage but it will disable California’s economy system and cause negative effects for people who are living on the current minimum wage system. The rise of the minimum wage will cause people to lose their jobs, get hours reduced, lose health benefits, and companies to go bankrupt. The increase of wage will cause inflation of prices on goods and services that companies provide. California’s state taxes will increase, causing people to pay more taxes and lose more money from their paychecks. It will also cause people to stay away from higher education because it will be easier to find a higher paying job without a degree. The raise of the minimum wage will cause negative implications, both immediate and in the future, and will also affect higher education.

If your social media circles are anything like mine, you don’t have to scroll very far down your facebook dashboard before you see a ubiquitously shared, ‘liked’ and commented on post disapproving of raising the federal minimum wage. The post may have a picture of a soldier, a disheveled EMT in the back of an ambulance, or a waving American flag with overlying text stating something to the effect of ‘“Burger flippers” think they should be paid as much as these minimum wages workers? No way!’ If my experience on social media is any indicator, the most popular posts always contain “burger flipper” or “baconator.” Posts like the ones described above make moral judgements about the minimum wage with little evidence for those judgements and the flurry of comments that follow often fail to elucidate the key arguments for either the proponents or opposition of raising the minimum wage. In this paper, I will argue that the federal minimum wage should be increased by assessing both value judgements and pragmatic economic arguments to dispel some of the most well-worn of arguments by those who oppose. I will attempt to prove that the minimum wage is not feasible for meeting workers’ needs while discussing the historical context of the minimum wage, discuss human motivation as related to the minimum wage, and disprove common economic arguments borne of catastrophizing.

Raising the minimum wage has been a talking point for a long time. Rarely raised, it has not kept up with either the cost of living or worker productivity. If the wage had kept up with the cost of living it would already be at 16 dollars per hour. Had it kept up with worker productivity it would be an astounding 22 dollars an hour.

Raising the minimum wage to $10.10 is not the answer. The various amount of unintended consequences that would come about as a result is reason enough not to support an increase. Those who support an increase contend that it will alleviate poverty. Suppose a spike in the minimum wage does reduce poverty for some workers. This development will be offset since an increase in the minimum wage will further price out inexperienced workers from the job market, resulting in an increase in unemployment and thus, poverty. This can properly be described as a catch-22 situation; no matter happens, someone will lose. When you take these negative affects into account, is an increase in the minimum wage worth it? As expounded further, no it is not.