Minimum Payment : Pros And Cons Of Work

Not only are there benefits for employees, but the employers themselves receive many advantages as well. The best benefits that employers receive is employee satisfaction. When being a part of a union needs and wants are met allowing people to become more satisfied with their job, with that satisfaction employees will be more willing to work harder for you. Not only will employees be willing to work harder for you, but you will also have less people leave their jobs or the ability to lose their say and position in the organization. With less turnovers of employees as a

There are 156. 4 million people in the US workforce, however 5.2% of those are unemployed. The federal minimum wage is $7.25 an hour; however, each state has its own laws regarding minimum wage and the amount can be higher or lower than the federal minimum, but the employee receives the higher of the two (2015). A higher minimum wage means that employers are less apt to hire someone. Some experts explain this by saying that if an employer values the job at a lower wage per hour than the minimum wage set by the government, then the employer is less likely to hire someone to fill that role. The employer only wants to hire someone when that person will be able to generate some sort of value for the company and positively affect the bottom line. Another problem with a high minimum wage is that potential employees are less likely to want to work if they are able to receive unemployment benefits from the government that will almost equal that which they would receive from working a minimum wage job (Gillikin).

The action of raising the federal minimum wage has been cast as a necessary change for the United States, and would result in ensuring that America’s workers are able to receive a reasonable living.Though the controversial issue has turned more complex, with many implications beyond just those who bag groceries, flip burgers, and clean offices. The issue is believed to have various pros and cons, and consequently sparking the ongoing debate on to, or to not change to wage.

The people of America need to afford to live. Millions of minimum-wage workers today live in near destitution. Minimum wage workers are not paid nearly what they should be to survive. The minimum wage being raised to fifteen dollars an hour helps the U.S. economy, reduces the number of people in federal assistance programs, and is supported by the majority of U.S. citizens.

The idea of minimum wage is that workers are guaranteed enough money to live off of. The price of minimum wage is determined by the state, but a federal minimum wage is set. Some states choose to go above the minimum wage, while others, such as Alabama and Louisiana, choose to not have minimum wage at all (Root). Minimum wage is important to society, because it can affect many people’s lives. There are many pros and cons to having minimum wage in the United States. Furthermore, various stakeholders are also impacted by this policy in numerous of ways. Minimum wage is a microeconomics and macroeconomic problem that has many consequences. Therefore, minimum wage has been a great economic issue because of people’s support and opposition to the policy.

In addition, it is beneficial to the employees as through the union, things like wages and insurance could be agreed through collective bargaining.

Minimum wage jobs are everywhere, and that makes them relatively easy to find. Many Americans work minimum wage jobs; however, these jobs are being overworked by the wrong people. A minimum wage job in the United States has never been, and never will be, meant to provide for a family. Adults who work a minimum wage job and try to raise a family on that income are almost always living in poverty in the United States, but what is poverty? According to Jewel in “Street Life Is No Life for Children”, “Poverty [is] the lack of affordable housing, access to education, and many other resources” (Jewel 428). In recent years, there has been talk in the United States about raising

The dilemma of minimum wage can be remedied with the support of state representatives and Congress who can assist hard working employees with the process of getting off of government assistance. “Louisiana Needs Higher Wages” proclaims information provided by Economists “consumer spending, which makes up 70 percent of the economy, drops when pay for low- and moderate-income families fails to rise.” Progressively mounting income inequality is a problem, many full time employees face while working minimum wage jobs. At the current minimum wage rate of $7.25, working a full time job, a person would scarcely make a thousand dollars a month. Citizens with full time jobs should not have to apply for government aid in order to live their life financially

Minimum wage is the topic I chose because there has been a controversy regarding raising minimum wage and the impact of minimum wage to the society. Whether it would aid workers or not. There have been arguments of laypersons of increasing minimum wage to a very high level and there are arguments against it.

Minimum wage is a struggle for many Americans and I believe it needs to be raised. The minimum wage of the United States is $7.25 an hour. It is a rate that isn’t letting many Americans live life comfortably. If the minimum wage was changed even a merely $3.75 it would change people’s lives and will let many people get by. The minimum wage of $7.25 has stayed the same since 2009 and there hasn’t been any effort by the government to change it. Many states have increased their minimum wage, but I hope that the minimum wage rises nationwide and not individually as states.

During the past five years or so, the minimum wage in the United States (U.S.) have been a topic of interest for many parties. On one side, the parties that oppose an increase in the minimum wage believe that an increase will spark an epidemic of high unemployment rates. On the other side, the parties are asking for an increase in the minimum wage for many other reasons, including help lower the poverty levels, afford health insurance and higher education among other needs. Throughout the U.S., the inequality of wages and compensation have been a problem for some time. Despite the large, diverse workforce in the country, the policies that govern the minimum wage should be revamped so that all workers are equally compensated.

Why is Minimum wage such an important topic? Many discussion come up to whether we should or should not have a minimum wage. Throughout this paper we will see what a business/companies perspective is on this matter vs a Social Catholic teaching and what they both have to say on the issue. The United States minimum wage is $7.25 and was last revised in 2009. Also depending in the state, the wages may vary.

I could recall perusing those article “On june 19,2013”, once bloombergview. Com titled “The Capitalist’s situation to a # 15 least wage that “Nick Hanauer” composed pointing toward. Instructing Also updating people on the impacts for raising those current least wage to $ 15 dollars. He urged that, “ In specialists required no money, afterward organizations might need no customers” including that raising the current least wage might infuse billions upon billions of dollars in the economy every year accordingly coming about will a greater amount obtaining energy should a large number for Americans, empowering All the more buying, creation Furthermore hiring. A percentage businessmen contradicting those raise What's more calling it Unnecessary

They do pay a living wage. There is this gentleman named Jacob Lund Fisker. He has a blog Early Retirement Extreme (http://earlyretirementextreme.com)

Critique: Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania