Persuasive Speech On Raising Minimum Wage

Specific Purpose: I want my audience to understand why the minimum wage must be raised.

It can also be argued that raising the minimum wage would inadvertently have a negative effect on the economy and actually increase poverty. If the minimum wage were to increase from $7.25 to $10.10, the result would be the loss of 500,000 jobs, as predicted by the Congressional Budget Office (Should the Federal). 54% of employers stated that they would lower hiring levels and 38% stated that they

The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.

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 Congressional Budget Office (CBO) compiled a comprehensive report in 2014 about the effects of a $9 and $10.10 increase to the federal minimum wage. The CBO reports that raising the minimum wage to $10.10 an hour could likely lead to the destruction of 500,000 jobs

An increase of a couple of dollars per hour or more in the minimum wage could make huge improvements in the difficult existence of the working poor, perhaps allowing them to exit the debt treadmill and stand a better chance of eventually rising into a revitalized middle-class. Researchers at the White House Council of Economic Advisors found that an increase to $10.10 an hour would raise wages for 28 million Americans about nine million of those due to the ripple effect. “According to a 2015 report from the National Low Income Housing Coalition, a worker must earn at least $15.50 an hour to be able to afford to rent a modest one-bedroom apartment, and $19.35 for a two-bedroom unit.”

It is a common misconception that the government would have to spend more money in order to raise the minimum wage any higher than the current amount. However, this belief is false. It has been found that raising minimum wage to $12 an hour by the year 2020 would reduce public assistance (government benefits provided to those in need) by $17 billion every single year (Cooper). This is because fewer people would need public assistance due to having a higher income and no longer having to rely on the government. Research also shows that an increase to $10.10 hourly would take $7.6 billion off the amount spent income-support programs annually (ProCon). Both these pieces of evidence are extremely significant, as spending less on these programs will allow for more money to be put towards other programs and can possibly lead to less government deficit

The interest groups in this policy are minimum wage workers, businesses, politicians and the public in Seattle. The minimum wage workers would get a huge raise, from about $9 to $15, which would yield them more income and better standard of living. Politicians who pushed for this policy would gain popularity because of the political environment of Seattle. Businesses stand to take a lost in profit due to rise cost of business due to the higher minimum wage. Raising prices can is certainly one way to combat the rising cost for businesses. However, this will affect the public, who will have to pay if price is raised. Businesses might lay people off and less willing to hire new ones. This will hurt current workers and potential workers, because businesses must adjust to the new policy.

Currently, there is a controversial debate about raising minimum wage. On one hand, raising the minimum wage has his benefits. On the other hand, raising the federal minimum wage to $10.10 has several disadvantages. After extensive research and deep consideration I firmly believe that the minimum wage should not be raised.

The Council of Economic Advisers (CEA) said, “Zero is a perfectly reasonable estimate of the impact of the minimum wage on employment”. They further argued, that consideration was taken that rising wages boost productivity and reduce employee migration. It is important to note that the CEA members are appointed by the President, to advise him. Also, worth noting, the Democrats are making the minimum wage an issue they are highlighting in the 2014 elections. Public support for this initiative receives support across all facets of society through various polls, but Republicans oppose raising the minimum wage almost unanimously. (Davis, S.)

When you include those who would be indirectly affected that figure becomes more than 92 percent.” (Eskow). Many of those workers are parents. More than seven million children have parents whose income would go up under a new minimum wage (Eskow). Less than 16 percent of workers who would be affected by Presidents minimum-wage proposal are teenagers (Eskow).

It’s time for Change Hello Mr. President Before the election, your campaign was unlike any other we experience before. Many presidents promised, but few of them delivered these promises. American people see you as a different competitor with a business approach rather than a politician. You asked for support, and many Americans supported you.

Low minimum wages affects everyday families and lives, more than the average person would think. A small minimum wage could have an very small effect on someone’s life, such as not being able to afford a new pair of boots or that new phone, contradictory to this low wages could also have a very serious effect on someone’s life . Meaning that a parent or single individual could not support their family because a lack of income, it could also mean the difference of living under a safe roof, or living in the streets. In 2016 alone, 40.6 million people in the United States

What is the effects of a minimum wage increase on the household and industry?Minimum wage in the state of Illinois is only $8.25,but in most jobs $7.25. Most States give higher than $7.25 like Washington D.C. Some minimum wages can be lower like Georgia.Family employment and family income does have a effects on low-wage workers.Most family receive higher pay,that would increase their family 's income. Workers that don 't have a job would fall substantially and the share of low-wage wokers.Employed would probably fall slightly.People who because jobless earning are less than or not covered by minimum wage also have increased their earning.By the Congressional Budget Office,the effects of employment with family income,increase $10.10 option and $9.00 option. Minimum wage is $7.25 per hear then change to $10.10 per hour.More household would have more money to spend.This step will take place in 2016 for families work from paycheck to pay check.Employment and income for increases and decrease of working class taken into account. Families whose income between one and three times,the poverty threshold would receive. By $3 billion in additional real income. Federal spending and taxes would also be indirectly affected by the increases in real income for some people and the reduction in real income for others. People who become jobless because of the minimum-wage increase,business owners,and consumers facing higher prices that would collectively pay less in taxes and receive more in

The idea of having a federal minimum wage is a good one. The idea is to protect low and unskilled workers from discrimination and allow all workers to earn a living wage. The recent debate on the floor, though, is whether or not to raise the minimum wage from the current $7.25 per hour up to $10.10 per hour. President Barack Obama made this proposal during his annual State of the Union Address on January 28, and following this there were many hot debates about it. The debates focused not only on the advantages and the disadvantages of increasing the minimum wage, but also the alternatives to increasing it.