In order to reduce income inequality, increase people's economic security, and help get people off food stamps, the government should increase the federal minimum wage. The average CEO makes 774 times the amount of a full-time minimum wage worker according to Cathrine Dill from forbes magazine. If minimum wage increased to $10.10, that number would decrease to 559. Although it’s not much, it still reduces the income inequality between the rich and poor people in America. Also, increasing the minimum wage will increase people's economic stability. Alternet.org states, “It is no longer the case that the people making the minimum wage are largely teenagers. In fact, now more than half of workers earning under $10.10 an hour are forced to support
This has been a discussion for the ages. The debate over raising the minimum wage has been a hot topic. Raising minimum wage would reduce poverty, be better for lower paid workers, and to reduce expense for social programs.
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.
The impact of raising the minimum wage would be good but i disagree the reason why is if the minimum wage go up businesses will have less workers and the prices will go up on everything like gas , clothes , shoes , food , rent etc. and for people it will affect them because it won’t be a lot of jobs and there and it would not be ok cause more people will be homeless and not have the money to take care of themselves or their families.They created minimum wage in 1938 it was a law to pay legally to works with a certain jobs.
When you see fully capable men or women asking for handouts or taking advantage of others accomplishments, it triggers frustration and anger but you can still go about with your daily life. When you see your favorite restaurants or establishments closed because they cannot up keep their workers’ wages that the state induced, now it becomes infuriating. Society tend to better their lives through trade skills, years of education, personal development, perseverance, and hard work in order to reach success. The moment we adopt new laws in order to meet the demands that minimum wage is not sufficient, is when we start seeing the economic collapse that will take tenfold the time to repair than it did to create. Adopting these new laws will influence
The minimum wage has been around since the Great Depression in 1938 under the presidency of Franklin Delano Roosevelt. Initially, the government set the minimum wage at $0.25 per hour to now $7.25 an hour, although some states decide to have a lower rate than the national rate or have no minimum at all. The heated debate over raising the national rate of the minimum wage has been on everybody’s lips since there was the question of whether to alter the rate or not. I support the raising of minimum wage because of the fact that raising the minimum wage would improve the income of people in poverty and economy of America. For the same reason, raising the minimum wage would lift the incomes of about 18 million hard-working people.
Around the country many states are debating whether or not to raise the minimum wage. However, before this can be debated it is important to look at the purpose of a minimum wage. To define minimum wage is easy it is simply the lowest an employer can pay an employee to work, but this isn't the purpose of a minimum wage. Minimum wage is set as an entry position. Minimum wage is supposed to be for young workers entering the workforce. Theoretically, young workers entering the workforce have little to no experience or skills so, therefore, they take minimum wage jobs so they can gain experience and develop skills. Once the young workers have worked at the bottom of the chain and gained experience the worker can begin
While in theory, it may seem like increasing the minimum wage to 10$ will raise the standard of living by providing households with more money; in reality, this plan will backfire. According to www.forbes.com, about 60% of those below the poverty line are unemployed. We see from this that the majority of those who are living below the poverty line do not have jobs; increasing the minimum wage will not help
In response to many businesses paying their workers the smallest amount possible, President Franklin D. Roosevelt said, “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country”. Franklin D. Roosevelt was the president of the United States during the Great Depression and through his New Deal, which incorporated the first federal minimum wage, he strengthened the economy. In 1938 the minimum wage was only 25 cents but this was a much more livable wage compared to what many large companies were previously paying (“The New Deal”). The minimum wage has been raised twenty-two times since then, and it
How would you feel if you receive your 2 week paycheck and realize it was only $15.00? How is this even possible? Become a server at a restaurant and that is typically how much your 2 week pay check would be. I will be talking about why I think servers should get paid at least minimum wage. I will be educating your on cash and credit card tips, things servers do besides taking orders and working with rude customers.
The modern minimum wage was established by the Fair Labor Standards Act of 1938 (FLSA) Franklin Roosevelt signed the law which passed by an overwhelming majority (Grossman, 1978). While a minimum wage is certainly an altruistic idea and one that receives widespread public support, there is a question among economists such as Richard Burkhauser as to the effectiveness of minimum wage on reducing the level of poverty. “Minimum-wage increases (1998-2003) did not affect poverty rates overall, or among the working poor” (Burkhauser & Sabia, 2007). In addition, some of the minimum wage laws which came before the FLSA were challenged in the Supreme Court, such as in Schecter Poultry Corporate v. U.S in 1935, and declared unconstitutional. While there
A dictionary defines the minimum wage as the lowest wage permitted by law or by special agreement. Many states across the nation have different minimums. The highest minimum wages paid in US states is District of Colombia, which is 12:50 hourly, but still, a lot of people are struggling to survive. The majority people live in the United State are get paid with minimum wages. There are two main things about minimum wage, which are raising money for employees, and allowing low payment for the people who are getting paid minimum wages people.
Does minimum wage effect our life? The minimum pay is the lowest wage permitted by law or by a special agreement. It started in 1938 from $0.25/hr to the current $7.25/hr and the highest minimum wage was in 1968 which is 10.85/hr. The last increased was—to $5.85 in July, 2007, to $6.55 in July, 2008, and to $7.25 in July 2009. Some people believe that raising minimum wage cause jobs loss. However, it is important to ensure raising minimum income because it supports poor families and increase the economy.
There is an argument as to whether the government should be involved in controlling the minimum wage. There needs to be a fair wage and without a law against unfair pay many people would not be able to have enough money to survive so therefore,The government should be involved in raising the minimum wage because it needs to be raised, raising it will help our economy,and the minimum wage protects the poor and inexperienced.
Secondly, minimum wage jobs and how the media portrays them in society. According to Kendall society views the working class as historical relics and jokes, not treating the working poor and working class as any better than the poor or homeless on how the media represents them. People think that the working class is the caricature framing which
The most prevalent and steadfast myth surrounding the raising of the federal minimum wage is that it will doom the economy. This might seem logical at first, but just think about it for a second. Why do minimum wage employees need more cash? The answer is simple: To spend it, to buy the things that they and their families need to survive. “Most minimum wage workers need this income to make ends meet and spend it quickly, boosting the economy. Research indicates that for every $1 added to the minimum wage, low-wage worker households spent an additional $2,800 the following year” (Fair). Furthermore, EPI estimates that if the federal minimum wage were raised to $10.10 an hour, it would result in over