Minimum Wage: Article Analysis

Increasing the FMW would be devastating to many small businesses. According to the SBA size standards ninety-nine percent of companies in the United States qualify as small. Therefore, they are just as crucial to the american economy and workforce as the large corporations. Raising minimum wage would hit these small businesses the hardest, because many times they do not have a surplus funds to fall back on. In “Seattle’s Coming $15 Minimum Wage” Alexander(2015) reveals the harm that Seattle's $15 minimum wage hike has done to small businesses. The author supports their argument by getting testimonies from multiple small business owners all over seattle. One of them Joe Salvatore, general manager at a The Recycling Depot, states a common misconception

The topic of raising minimum wage seems to attract a multitude of controversy. On one side, experts agree that raising a family on one minimum wage salary is almost impossible for someone who puts in fairly large work hours. Nonetheless, business owners agree that increasing these salaries will result in significantly less jobs, as well as force them to increase the prices on their consumer products. Federally, minimum wage workers earn $7.25 an hour, totaling up to $15,080 annually, with approximately six hours of working time per day. However, the price varies with state, with places like Massachusetts and Washington paying $11 to workers hourly.

The minimum tipped wage should be raised. There are many reasons that an incease is due. The tipped minimum wage has been the same since 1991. And yet, the cost of living continues to rise. It has risen by 75% in the past 27 years due to inflation.

Ira Knight, who is an author of article “Let’s Make the Minimum Wage a Living Wage”, expresses an opinion that increasing the minimum wage would help all struggling workers and at the same time improve U.S economy. On the other side, Janice Steele in her article “Keep the Minimum Wage Where It Is” argues that raising the minimum wage would have bad effects on workers, consumers and small businesses. Ira Knight’s article seems to be the stronger of the two positions because her arguments are based on several recent studies, and last but not least, she had a personal experience with the minimum wage job.

For example, many people believe that it would act as an economic stimulus for the country. If the minimum wage were to increase, that would allow for people to have more money, and in turn they would spend more money at businesses, boosting the nations economy.20 However, it would also benefit the government by decreasing the amount of people enrolled in government programs such as Medicaid and food stamps.21 As stated in an article published in Congressional Digest, “The President’s plan strengthens the middle class by making America a magnet for jobs, equipping every American with the skills they need to do those jobs, and ensuring hard work leads to a decent living,”22 this, directly relating to a statement the President made in his State

Minimum wage has been consistent for far too long, and prices are rising, I believe minimum wage should rise a hundred percent. For far too long bodies of this society has scuffled day by day. It has been confirmed that years long before today prices were intensely low and nothing has deteriorated excluding the fact that prices are going up and compensation is at the same rate. It has to come to a cease, because living a life in trepidation is the hardest thing. Waking up knowing that you have to spend your money securely because you have to make sure you have enough for any other type of bills is unacceptable. You should be able to spend your money on the things that need to be paid and not be concerned on how much you have left. This is

The minimum wage has constituted a hotbed issue in America ever since its beginning in 1938 via the Fair Labor Standards Act (Acs et al, 2914). Notably, in the past few years, fast food workers, service industry employees and American workers feeling the pinch of inflation have clamored for an increase in the minimum wage. The concept of a $15 minimum wage is a symbol for creating less disparity for minimum wage workers. However, while the concept is pure of heart and idealistic, it would be dangerous for the U.S. economy. This can already be seen in places like Seattle, Washington, Emeryville, California. Consumers would suffer as businesses would be forced to raise prices in order to make up the difference from the added human resources expenditures

The federal minimum wage in the United States is currently $7.25 an hour. Increasing the minimum wage would lift approximately 900,000 people out of poverty. Forty-three million Americans are living in poverty due to low income, health care costs, childcare costs, college costs, and housing costs. The federal minimum wage should be raised because it keeps up with inflation and would scale down poverty levels.

It’s depressing to know that we have politicians over seeing our country, who are heartless. Imagine a life with only educated individuals that doesn’t agree with increasing minimum wage. In my cartoon visual, there are four elephants that are in politics, that doesn’t agree with increasing minimum wage. The character feel since minimum wage was increased once in 1968 that was sufficient even though prices have increased 200% and higher. Politicians honestly know that a low wage isn’t enough to support a family and self. In the article, Income Inequality

Inflation has also been one of the signature conflicts of raising the minimum wage. In the past 5 to six years, the inflations levels have been at 1.5 percent (CNN money). By raising the minimum wage, should not increase inflation but help it maintain its current state. When adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its purchasing power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s (U.S dept. Labor). That 's why President Obama is urging Congress to increase the federal minimum wage and give low-wage workers a much-needed boost.

There is a lot of controversy over whether the minimum wage should be increased to 15$ an hour in all states. Proponents say that current wages in America are not livable because inflation is way higher than the current minimum wage; Minimum wage was 1.60 in 1968, which is equal to 11.60 today. Opponents say that many cannot afford this, will have to close down, make cuts, raise prices and lay off people because they will need to pay them more. Most economists believe that that high of an increase would hurt job growth. I believe that Increasing the minimum wage to fifteen dollars an hour nationwide will do more harm than good. Raising the minimum wage to fifteen dollars an hour nationwide is too big of a jump and would just cause businesses to cut off workers, force small businesses to close and increase inflation.

Since 1938 the federal government for the United States of America has set the minimum wage. The laws were put in place to prevent employers from taking advantage of workers and paying a person less than the mandated amount per hour. At this point the minimum wage has not been increased since 2009 and it is only $7.25 per hour. This means that a person working full time will only gross $15,080 per year, an amount that is well below the poverty line. It is time to raise the minimum wage for several reasons: First, if you take in to account inflation, a person making minimum wage today is making less than a person who made minimum wage in 1968. The minimum wage in 1968 was equal to about $8.68 in 2016 dollars. Second, people earning a good wage is not only good for the worker and his or her family, it is good for society. And finally, raising the minimum wage will act as a stimulus for the economy.

Should the government raise the federal minimum wage?  The federal minimum wage is currently $7.25 per hour, however many states have their own minimum wage laws.  For example, the minimum wage for California is currently $10.50 per hour and is subject to rise gradually to $15 over the next few years.  While many people believe that it should be substantially higher, others believe that increasing it would harm small businesses and the economy.  Now the question that remains is whether the federal minimum wage should be raised.  Even though job losses from raising the minimum wage are negligible, minimum wage should not be raised because a fixed minimum wage actually hurts the same low-rung workers it vows to protect and contributes to the

As our federal government debates the idea to raise the minimum wage, there are several interesting questions that occur. Most importantly, should we raise the minimum wage? I believe it is a bad idea to raise the minimum wage from $7.25 per hour up to $10.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy.

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.