Minimum Wage Law

Raising the minimum wage could help get money into the pockets of the hard workers of America thus put money back into the economy. Although raising the minimum wage could have consequences in inflation, it would be better for everyone, to close the payment gap in-between the higher class and the lower class, as the gap is huge. On average CEOs make nine-hundred-thirty-three times more than average minimum wage worker, going from a salary of $15,080 to $14,070,000. Raising the minimum wage could get many people off food stamps, saving the government almost four billion dollars a year, and helping 3.5 million Americans get on their feet to look for jobs that will actually be able to provide them economic security getting them out of poverty (10 Reasons to Raise the Minimum Wage). A complete push to fifteen dollars an hour for minimum wage jobs is a stretch, but a continuous growth towards the whole fifteen dollars would be

Jason Furman and Parrot Sharon explain why raising minimum wage will help families. The wage has to be elevated to just the point where a family can actually afford all the necessities they need in order to survive. The cost of living in houses for poor people makes it difficult for them to afford it and is difficult to stay on task with all the bills. Many minimum wage workers have families to support. The cost of raising children is very expensive. It is an average of $7,100 per year. Minimum wage workers can barely afford to pay child care for one child, let alone two. Increasing minimum wage will also make life easier to those who have food stamps and child care needs. Which can also help them get into college a lot faster so they can go out and pursue a better paying job.

In 1938 congress instituted minimum wage with 25 cents an hour being the first wage. After 78 years seven dollars has been the increase of minimum wage, stated by the article listed on, Heritage.org . Every year the cost of living and surviving in this country increases. You would think after 78 years, minimum wage would not be at $7.25. Many college students work part-time jobs that pays minimum wage to have some extra cash in their pockets or pay a few minor bills. Having a part time job is perfectly fine in college, but imagine not being in college, working a minimum wage job. Lets be honest, the pay checks are no where near what you would like them to be or it isn 't enough to cover everything that you want or need. So, imagine not being in college, working a full time job, with rent, children, car note, insurance, and etc. Many adults work minimum wage jobs, barely making it to provide for themselves and their kids. Your probably thinking, "maybe those people should go back to school or look for a better job.” Yes, that is true but for most people, its too late. A better job requires a degree, most people have kids and cant afford to take a couple of hours off or get someone to watch their kids while they attend school, so a minimum wage job is the only option. So, to make a better life for the struggling parents and the needy college students, increasing the minimum wage is a must for various reasons which include decreasing poverty, increasing health, and relieving

In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as “a floor below wages,” to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement their living expenses. Since 1938, there have been many additional policies to the Fair Labor Standards Act that have changed many things, such as increasing the national minimum wage numerous times to the currently salary level, which was set in 1997. The Fair Minimum Wage Act of 2007 was a policy to change the federal minimum wage from $5.15 to $7.25 in three additions, which began in July of 2009. (http://www.dol.gov/whd/regs/compliance/posters/minwagebwp.pdf)

U.S. Congress passed the federal minimum wage law in 1938 as part of their Fair Labor Standards Act. Federal minimum wages were intended to ensure fair wages were paid to an alarming amount of women and youths employed and paid substandard wages. This also seems to be the case today, where countless Americans who work full time, cannot make ends meet by making minimum wage. Evidence shows that raising the minimum wage would drive consumer spending, thus producing faster macroeconomic growth. Wage stagnation is one of the key things holding back our economy from growing the way we need it to.

The federal minimum wage law was signed in 1938 by President Franklin Roosevelt in order to keep people out of poverty and increase consumer purchasing power. This has done the opposite by hurting businesses and reducing employment, while minimum wages go up, so will the costs of living. Most of the people working for minimum wage are 16 between 24 years old, 37% of workers are going to school working part time. Enrollment tuition has increased over the years, and raising the minimum wage could mean further increasing expenses. But, for people who aren 't pursuing an education and begin working right out of school, the federal minimum wage $7.25 looks like it can be hard to live on. Raising the minimum wage would most likely increase with the cost of living, making cost of living or tuition even more expensive, making it harder to pay for groceries or bills. Just because someone starts out at a minimum wage job, doesn 't mean they can 't progress through the company and earn a better wage over the years. Minimum wages are more for entry level paying jobs that don 't require any certain set of skills to be able to do what they ask. Maintaining the current federal minimum wage of $7.25 will help stop rise of inflation.

In general States should have regularly increasing minimum wages based on their cost of living. But the government should mandate a federal minimum wage as well to make sure the wages are high enough, because almost everybody wants a higher minimum wage. while a measly few people still believe raising the minimum wage would damage the economy and lose jobs “a new york times poll found that 70% of american adults were in favor of an increase to 10.10.” but some people argue that this is just the uninformed population who assume that more money is better, but a survey by University of Chicago asked economists about a raise to nine dollars an hour, and forty-seven percent were in favor while just eleven percent said it was a bad idea, so despite people arguing that economists don 't believe in an increase and that they know what harm it will do, while time and time again the very same economists try to remind the public that a wage increase would, in fact, boost the economy. For people saying that it will kill small businesses, Tom Perez, a government official says, “fortunately, many businesses are turning

The United States’ minimum wage has been a concerning issue amongst the low wage earners because of the amount they earn is not enough for them to live on their own. Therefore causing the citizens who earn minimum wage to have an impossible time finding a place to stay and expenses for daily survival. Increasing the minimum wage will solve the issues that the minimum wage earners make, thus increasing the chances of survival for the entire population. Inflation is one of the reasons why minimum wage is a big issue, the minimum wage has not been keeping up with inflation at all causing things that would regularly be cheap to be more costly than it used to be. There are people who are against the raise of the minimum wage and may say that there will be an increase between of unemployment rate between the younger people because of the fact

Raise the minimum wage would bring about employment misfortunes. It hurt low skilled work is harder to discover an occupation. Minimum wage law expands measurements not lessen neediness. Result In higher Costs For customers, pay must be paid by somebody.

As published by Alison Doyle in “Pros and Cons of Raising the Minimum Wage”, “An increase in the minimum wage raises the standard of living for impoverished workers.” Furthermore, workers that make more than the minimum wage are also effected due in part to the ripple effect, which means that the rise of the minimum wage positively effects higher wage brackets. Katie Lobosco of CNN Money said in the article, Minimum wage hike could mean a raise for all, “As a result, the Economic Policy Institute estimates about 4.6 million workers will see their wages increased, 2.6 million of whom are directly affected as the new minimum wage exceeds their current hourly pay. The other 2 million already make slightly more than the new minimum wage but will benefit from the ripple effect. “ Employers will give valuable employees more money to stay competitive and retain those with valuable skills. people will not want to take job positions where they make almost the same amount as their subordinates. With everyone seeming getting more money the economy could flourish. Alison Doyle painted a great scenario in her article where “Additional income would be spent by consumers and would ripple through the economy if overall budgets for salary were increased under a gradual increase in the minimum wage scenario and Government expenses for social programs aimed at the poor would be reduced causing slightly lower taxes for other

For the last couple decades, the minimum wage has been on going topic that the economists and the policy makers has been debating on. Indeed, It is still an open issue and the policy makers still debating on increasing it. The first Country that passed the minimum wage policy was New Zealand in 1984, and a lot country followed. President Roosevelt passed the first minimum wage in 1938, the minimum wage was 0.25 when the Roosevelt passed, and it has been increased as the living expense went up. The minimum wage is measured on living expense and the economic growth. As today's living expense, The minimum wages should be increased.

One of the most obvious and anticipated effects of a minimum wage increase is the income increase especially for families on and below the poverty line. An approximated 16.5 million people stand to gain from added wages, and most families ' incomes would, in fact, rise above the federal poverty threshold (Congressional Budget Office). With so many families depending on the minimum wage to forge a livelihood, an increase would be a blessing in disguise. It is a fact that some American families have parents working up to two or three jobs to keep up with the cost of living which is dynamic in nature. As such, children grow up with absentee parents and lacking the attention they need to enhance their psychological well-being. Increasing the minimum wage is likely to ease the pressure from such families and encourage more cohesive family units.

The Federal Minimum wage was implemented by president Franklin Roosevelt in 1938. Minimum wage was set at $0.25 at this time to help the people sustain a happy healthy and efficient life. In today's society your gonna need more than $0.25 an hour to live, better yet survive. That’s why the bare minimum wage today is at $7.25 per hour. Through the years the world has advanced and prices have increased this is why minimum wage has been increased since that time and is still changing. This may be the bare minimum the Federal Reserve requires for states that do not have laws for minimum wage but, not all states have the same minimum wage. Each state can have laws on what the minimum wage is in that state. Since some places are more expensive to live than others, its is practical that the the area that is more expensive to live in has a higher minimum wage than the other. For example the minimum wage in South Carolina is the Federal Reserve's minimum of $7.25 and the minimum wage in New York is about $9.70 depending on amount of workers and all that good stuff, the point is, the cost of living may be greater in New York than it is in South carolina. Some people in the United states want the minimum wage to increase and then there are some who do not. Well who wouldn't want more money you might ask? It's not as great as it seems, yes it would be great for everyone in the United states for their paycheck to increased, but you have to look outside the box and think about the

The whole purpose of the minimum wage being raised is to lower a number of low-income workers who are close to or in poverty. Sadly, it will severely increase the number of families who are living paycheck to paycheck. When the minimum wage is increased, companies won’t be able to afford as many workers nor will they allow people to work as many hours as they were before. Companies will also have to increase the price of their sales in order to pay their workers this higher amount. This will cause people to work harder for an affordable lifestyle once again.

The most affected aspect of the economy from raising the minimum wage are the small businesses. Small businesses will quickly dwindle away from the raising of the national minimum wage. Consider a small pizza shop. An increase in the minimum wage of 1 dollar an hour adds $16,000 to labor costs. Going to 15 dollars an hour adds $128,000 to labor costs, almost 3 times the take-home pay of the owner. This money is the money that is going to be taken straight out of the owner's pocket. Affecting their family, business, and livelihood. Ask yourself how one of the 5 million small businesses with fewer than 10 workers would handle this, well they can’t. First off, the increase will cause people to get laid off. If a pizza shop has 17 employees who all work two to three days a week. These businesses can easily be decreased to ten or eleven people who work a lot harder and a lot more frequent; Therefore people will lose jobs which will increase unemployment. Contradicting one of the main reasons for raising the minimum wage. Secondly these