Minimum Wage Advantages

Minimum wage has caused controversy throughout history between the two parties in government, the Democrats and Republicans, debating if they should increase minimum wage or not. Minimum wage was first established during 1938 under President Franklin D. Roosevelt (Sessions). The first act to enforce employers to pay its employees is the Fair Labor Standards Act which followed the Social Security Act (Sessions). Minimum wage started as twenty-five (25) cents per hour which doesn’t seem like a lot, but it was at that time (Sessions). The United States tended to raise the minimum wage when the standard of living changed. Since 1938, two other amendments were created to increase minimum wage laws even more. By 1961, minimum wage raised to $1.15 with another increase in 1963 (wages). Since the 1963 wage change, minimum wage created a trend of increasing yearly or every other year (Wages). From 2007 to 2009 minimum wage increased each year making the current minimum wage $7.25 (wages). Sine minimum wage has been established, Congress has increased minimum wage twenty-two times (22) (). Since minimum wage is supposed to change when the standard of living changes, then why hasn’t the United States government changed it since 2009?

Minimum wage controversies abound across the nation daily. A recent New York Times article headline stated “Fast-Food Restaurants Should Raise Minimum Wage, New York Panel Says” . An article posted online in the Waco Tribune on 22 July 2015, says “Sanders proposes $15 minimum wage, sets up Clinton contrast.” National Elections in 2016 will likely have minimum wage issues as a hot topic as well. We have not always had a minimum wage, but most people are not aware of that fact. To understand the minimum wage controversies you need to know the history of minimum wage. Minimum wage began in the 1930’s as one of Franklin D. Roosevelt’s New Deal Policies. In the 80 plus years since the implementation of his New Deal Policies, historians have reviewed and reassessed the impacts of these programs.

Over the years there has been much debate about raising the federal minimum wage. Some states have taken it upon themselves to set higher minimum wages than the federal minimum wage, because of the lack of action by congress. The supporters of the raising of the federal minimum wage have been more vocal lately. This is especially true since studies have shown, that the gap has grown between the wealthier population, and the middle class.

In Robert Reich documentary “Inequality for All” he makes a compelling discussion about the serious crises that the United States faces due the widening economic gap. He looks to raise awareness of the U.S. economic gap between the rich and poor. According to Reich the widening divide in America is real and growing. Income levels at the middle and labor class is stagnant and are at it’s lowest levels compared to upper class incomes since the beginning of WWII and is growing wider each year. Reich suggests that the economy runs more smoothly when the middle class has jobs with fair wages, when unions are strong, and when middle class workers have some extra money to spend if possible when the government uses the tax policy properly and when it raises the minimum wage regularly to control the income gap between labor and management. In other words Reich argues that economically healthy middle and labor class equality is the foundation of a thriving economy and is necessary to maintaining a sound national infrastructure and educational system within

Our employees that receive tips should have their minimum wage rasied. Doing this will ensure that our employees will have a stable income. Being so they do not have to rely on tips every pay check. With that being said i think raising the tip minimum wage would be a great thing for our empolyees. Having to rely on tips all the time can be fustraging. What if they dont receive enough tips for what they need the money for? They are working for a reason, and i dont think its to not get tipped and have to rely on their low source of income.

The wages as a waitress are always unfair, the sad part is it may never be fixed. I am a waitress myself I depend on my tips for my income it's hard to make a living off of just tips, it is ridclous actually. All the resturants I have worked at our wage is $2-4 dollars hour less than minimum wage!

Minimum wage has been a touchy subject for decades, but especially in this election year, it is more profound than ever before. With candidates screaming at each other, it’s important for the citizens of America to know the facts about minimum wage along with the costs and benefits. Continue reading to discover the truth about wages in America.

I firmly believe that employees who also recive tips should be paid the same wage as other emplyees who do not recive tips. My reason being, while yes the other empoyees work very hard servers work ten times as hard. Having to deal with costomers on a daily basis, some of them might even being rude to the server for absolutly no reason. They constantly have to be on their feet walking to and from the kitchen and tables. These are just a few of the basic reasons, here are a few others that should be deeply considered.

Nick Hanauer, a self-proclaimed zillionaire and plutocrat, recently made a very compelling ted talk speech directed toward his fellow plutocrats, in order to convince them that “the pitchforks are coming”. In this piece Hanauer argues that according to historical evidence the current state of the United States’ economic inequality and the direction it is headed for, will eventually being about a revolution (the pitchforks), and a serious change in the boost of the middle class need to occur if not the future he sees is inevitable. This significant change which will also have massive advantages for the rich according to Hanauer will involve increasing the minimum wage of worker to $15 as opposed to the mere $7.25 that it is currently,

The continuous demand for more cash for less work has constrained Uncle Sam to raise the lowest pay permitted by law endless times in the last half century, which brings about higher costs for whatever is left of us. Another raise in the minimum wage would, as all the others before it, raise costs for buyers, which would again bring about another interest for an increase in the minimum wage again with no end to the cycle. It's an egregious pattern that must be halted before it loses control and brings utter chaos and a dismal end to our economy.

One advantage of raising the minimum wage is the economic stimulus which can lead to an increase in job opportunities. If minimum wage workers can spend more, then businesses can earn more and therefore will need to hire more employees to keep up with the rise in business. Another advantage is the reduced expense for social programs. Many of the people earning the minimum wage are also those relying on the support of government run social programs. With higher wages, many people would be able to support themselves without heavily relying on social programs, which would lead to lower taxes or a reallocation of the funds to support other needs. Many employees who are comfortable and satisfied with their wages are less likely to quit, so an increase in minimum

Minimum wage laws affect me and everyone else in the world, whether it be directly or indirectly. There are a lot of systems based on the annual income for a household. Minimum wage laws mandate whether or not people qualify for certain programs. For example, students in school might qualify for free lunch if they're in a low income household. But raising minimum wage would mean that people are required to be paid more. That is a giant advantage.. for people that are employed. Although, some companies and businesses don't want to pay all of their employees higher wages because it means their losing money, so they'll get rid of employees to accomdate the changes. Personally, I think minimum wage laws are great but I do strongly believe they

I think employers who receive tips should get paid a minimum wage as other employees, because everyone should be equal at work and everyone works the hardest. I don't think it's fair to only depend on tips just because the base pay is so low and servers depend on tips as a major part of income.

Even though Janice Steele, conciders, minimum wages increase not to be a good idea.She feels that it will cause a major job lost if the minimum is raised. Ira Knight has the strongest support about the minimum wage increase versus, Janice Steele disagreeing . While Mr. Knight outlines the benefits of raising the minimum wage, I can personaly see the improvements this increase could make in my house.

Damage to the labour market: As seen in the above graph, with a minimum wage there will be an increase in labour supply and decrease in labour demand resulting in damage to the labour market as workers will not be able to find jobs. Resulting in non-price competition, such as personal connection, experience, age would replace price competition making it even tougher to find jobs.