Abstract
Minimum wage often hurts people it is intended to protect from the increase. There are many research papers that will show exactly how the minimum wage affects both the employer and the employee. The employer then has to take action when there is legislation that passes a higher minimum wage rate. I am against minimum wage for many reasons that I will explain in my essay.
Labor unions can be viewed as unjust and immoral because of the actions they choose to take against their employers and employees. Labor unions seem to help their employees on the outside but in the long run, end up preventing them from doing things individually. There are many other industries that have high paying wages without being in a union. I am
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They do not have the experience or education to start off at a higher wage so most employers will not give them a chance. The employer wants to pay a worker for what they believe is what they deserve. Normally, a person has to work and get experience to become more productive. A more productive worker will then get raises and make what they are worth. People need to work so they can survive and if they are less educated and less skilled they will be willing to work for whatever they can get. According to Paul McCormick and Walter Brock, “An adverse effect of the minimum wage which is especially harmful to teenagers in the fact that the minimum wage eliminates the chance of teenagers taking certain low-wage jobs, gaining experience and eventually obtaining better careers in the future” (McComick, Brock, 2000).
The poor are also affected by the higher minimum wage. When the minimum wage is increased many low-skilled workers will lose their jobs causing them to become unemployed. Because the minimum wage is raised the price on products will go up causing another hardship on the poor. The businesses will find a way to pay the higher wages to workers so they will have to raise the price of their products and services. “A 1997 National Bureau of Economic Research study estimated that the federal minimum-wage hike of 1996 and 1997 actually increased the number of poor families by 4.5 percent”
There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.
It is very important to look beyond the workers that will be affected directly by raise of the minimum wage. Instead, look how it affects every single group in the work force.
Unions do provide a lot of good services to its members, such as higher wages, better hours, more benefits, and safer working conditions. There is a price to pay for these services, though. Every union requires its members to pay dues, whether they are in the form of a percentage of each paycheck, or a flat rate. The money form dues goes towards lobbying politicians to pass union-friendly legislation, or better labor laws. The money also finances officers in the union organization, who are the ones calling the shots, as far as labor negotiations are concerned.
Those who support raising minimum wage aruge that it would be profitable because many americans who rely on public programs for living would no longer have to. Almost half of the people who make minimum wage depend on some type of public program that they recieve benefits from. Raising minimum wage would reduce the money spent by the government on those programs. On the other hand, with minimum wage, people are motivivated to get promoted to higher pay. If promoted, people who once made minimum wage would not, resulting in no longer relying on public programs.
The case against raising the minimum wage is very simple: a higher wage will make it more difficult and expensive to companies to hire workers. What will be the consequences on the economy? Well, companies won’t be able to pay all of its workers which will lead to more unemployment. At the end, people who keep their job will have a higher profit, however those who lose their job will suffer.
One of the biggest political topics in today's society is the federal minimum wage and whether it should be raised or kept at where it is now at $7.25 an hour. Arguments could be made for both sides on whether it should be raised or left alone. The majority of minimum wage in today’s job market are unskilled positions. Minimum wage jobs were created for teenagers and colleges kids as a way to get into the workforce and to have a little extra money for themselves. It was not designed to be a wage for people to live on. Increasing the minimum wage would hurt the economy by hurting small businesses, a huge loss of jobs and it would increase the competition between teens and adults. Overall if the federal minimum wage is increased it will have many negative effects on the economy.
If this is indeed the case, the raising of the minimum wage does not positively affect the poor, but reduces the ability of the poor to purchase the necessary items needed to survive. If the employer must increase the wage of its entry-level workers, there is virtually no chance they will be increasing the wage of the workers just above the minimum wage level. Therefore, the increase in the minimum wage will reduce the buying power of the poor family by increasing the cost of goods required to
Even though having a minimum wage helps in many ways and keeps a minimum to what people can work for, it also can do some harm. The minimum wage law does cost the economy thousands of jobs. The essential principle of economics is supply and demand and the minimum wage aspect goes hand in hand with it. In the sense of labor, this means the amount of workers increases and wages increase, and the demand for employees by employers’ decreases as the wage increases. For instance, if an office cleaning job was publicized for hiring. If the wage was $90 per hour, many people would be interested in taking the job. However, if the income was $2 per hour, there most likely wouldn't be anyone to want the job. On the contrary, if the government obligated the owner to pay at least $9 per
It is hard to think about, but the lives that are touched the most by a low minimum wage are often children. These children also have less time with their parents because their parents will often have to work overtime or several jobs to make ends meet. If the minimum wage were to go up, parents could provide more for their children, but it can 't
In today's society it's expensive to live in America and even getting day by day is very difficult if you are living on minimum wage, of course it's more difficult for some people than others depending on their situation and their living conditions. America should raise minimum wage because it would make things easier for people who are struggling. A higher minimum wage not only increases workers’ incomes, it will also be good for our economy. A quarter of people working minimum wage are at least raising one child. This change will help a lot of people it would make our country a better place.
Minimum wages is major issue that middle and lower-income workers face today. It is the smallest amount of money that an employer must pay to his workers by law. The establishment of the law was in 1938 and it was called the Fair Labor Standard Act. Many hourly paid workers are protesting in almost every state in the US to raising the minimum wages. However, my adversary like some Republicans would say that the raising the minimum wage would hurt the economy that was already fragile. The point that they are making is understandable, however, the minimum wages should still be raised because of many reasons. Raising the minimum wages will help many hourly worker including low-income families, single mothers
Labor unions have existed in one form or another in the United States since the birth of the country. They were created in an effort to protect the working population from abuses such as sweatshops and unsafe working conditions. On the other hand, they have also been accused of crippling industries and consorting with organized crime over the decades. But in one way or another, labor unions have been
The government has set a minimum wage for labor market, businesses are forced to pay the least amount. An individual working full time only earns $15,080 due to the minimum yarn of $8.05 per hour, this is below the federal poverty level for a family of two. They will have a difficult time supporting a household. With minimum wage it is not enough to pay bills like energy, water, cable, health insurance, and our necessities. As a student, I know minimum wage is not enough to pay school owns or tuitions, that is the reason why most students are in dept. Many people will get a second job. Even though having two jobs to support their family and household, it is still not enough with minimum wage. We all have responsibilities and many bills to pay.
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 this economy for one to be considered an independent, they should be working and have a source of income, however the jobs that are present do not pay a living wage. This means the employees are paid for their standard labor, which means the employees are living check to check and they are not saving any money in case of an emergency. In the recent article “Sorry Advocates, the Minimum Wage Debate is Not Over” In Forbes article it illustrates the big debate between the benefits and the cons of the minimum wage and the biggest concern is that it causes job losses in an area that people are moving to new places looking a better job that pays a better minimum wage. With this being done businesses are not having employees and causing them to shut down. Although, some people live on living wage, some people have full time jobs that help provide them with full benefits such as health insurance and contribution to their 401k and for them to be protected, the labor unions help with their protection. The main duty is for them to bargain collectively for their employees, which means they have the right to go on strike if the they feel as if their wishes are not being met by their employees. This is considered important, however in the current economy Labor unions have decreased in that the industrial work has decreased and most of them have gone overseas. If the company is not listening to the labor unions then the Occupational Safety and Health Administration (OSHA) can get