Minimum Wage Rise Proposal

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.

One source from the Opposing Viewpoints Database called, “Raising Minimum Wage Increases Unemployment” argues against the minimum wage by suggesting it will decrease financial security and cause higher unemployment rates. The author provides unemployment statistics from the 1990s onward as evidence to argue against the minimum wage. The article says, “In 1990, Congress enacted another minimum wage increase.” “The month before the increase took effect, unemployment was 5.2%.” “With the increase, unemployment began to steadily increase and unemployment eventually peaked at 7.8%” (Jaarda). The article emphasizes to readers that increases in minimum wages and following increases in unemployment are not just coincidences by continuingly pointing at similar statistics throughout history.

Minimum wage is the minimum hourly wage an employee can be paid from their employer. The federal minimum wage is set at seven dollars and twenty-five cents an hour in the state of Mississippi. Some states have chosen to raise their minimum wage higher than federal requires. San Francisco, CA, has the highest minimum wage fixed at ten dollars and fifty-five cents. Even though, some states have a higher minimum wage than others. The Fair Labor Standards Act entails every employee to be paid the same amount. If minimum wage was to be raised, it would have advantages and disadvantages.

A very controversial yet interesting issue today in the United States is minimum wage if it should be increased or not. While some want to raise minimum wage to the living wage, minimum wage should not be raised because it increases low skilled worker unemployment, increases the Cost of goods/services,and Cuts back on work hours.

The article I have been working on this week is about minimum wage. My article informs its readers that the minimum wage may be raised by 2020. It also tells why states have already taken actions into there own hands by voting for the minimum to be $9.75 in Arkansas, Nebraska, South Dakota and Alaska. The Last thing it talks about is the possible outcome of raising the federal minimum wage. There has been tons of debate about this current situation in the U.S. One side wants the minimum to be raised and the other sides wants it to stay the same. I am going to give you a view of both sides so you can understand where they come from.

On November 9th, the voters of Maine chose to boost the states minimum wage. Raising the minimum wage intends to increase the living standard of low-level and low-skilled workers, specifically in service-sector jobs. However, sometimes it hurts the people it intends to help. Many economists have debated what the minimum wage should be that would benefit both the economy and society. Starting with John Maynard Keynes, economists have argued about the minimum wage for decades. Traditional economists argued that the labor market is in balance at equilibrium, however, Keynes argued that settling at equilibrium would not improve the labor market situation or properly stimulate aggregate demand.

Are you a millennial in need of money? Then raising the minimum wage seems like a logical solution. The minimum wage law has existed in the United States for many years, its purpose being to regulate the amount of money that an employee must legally be paid. Citizens of the United States should be against the minimum wage rising but instead should focus on improving government assistance programs and closing the wage gap. If the minimum wage drastically increased, then other wage average salaries would also need to increase, causing prices to rise as a consequence. A common argument against raising the minimum wage is that it would impact small businesses, and that jobs will be lost. The overall amount of jobs in the U.S. is not finite, and

The minimum wage has been a topic of discussion for decades. It was introduced in the Fair Labor Standards Act in 1938, originally set at $0.25. It has since been raised 29 times. The current federal minimum wage is $7.25 and was set in 2009 (11). This is the reason many people are upset with the wage not increasing. It would take $8.09 in 2016 to equal the $7.25 from 2009. The minimum wage needs to be increased to boost the economy and lift families out of poverty. However, the minimum wage should not be increased to more than $10 per hour to prevent an increase in the price of consumer goods and prevent a spike in high school dropout rates.

Specific data from each state were examined to find if it would better for the federal government to impose an overall minimum wage policy for the entire country or should each state establish its own minimum wage policies. This quantitative study used a poll statistical analysis to measure which U.S. working class supports an increase in the minimum wage. Additional, their data from the Bureau of Labor Statistics (BLS) estimates that out of the 146 million workers in the U.S., about 16% earns $10.10 or per hour. Roughly about 20% of the working population in at least 15 states earns less than $10.10 per hour. The findings portray that an increase in the minimum wage, will have a slightly higher negative impact on low income wage workers, than the normal estimated job losses. While not everyone earning equal to or less than $10.10 per hour will lose their jobs, the number of job loss is significant in some states; some more than others will be hit hard with unemployment. The article addresses that there is a problem with the minimum wage not being regulated more often, and that each state should adopt their own policies to set the income limits. Therefore, the authors made a compelling case that each state should develop its own wage

Minimum wage is the minimum hourly wage an employer can pay an employee for work. Minimum wage helps people pay for things they use or need every day like food, clothes, and their homes. In some cases and for certain people the the federal minimum wage is not high enough for them to live on. In this paper I will argue that minimum wage should be increased to benefit people in a variety of ways, both socially and economically. Increasing minimum wage will also help cut down on government spending and pull people out of poverty.

In my opinion, the minimum wage is absolutely necessary. Whenever there are talks of raising it, however, many are appalled by the notion, but, people rarely argue that their employer should pay them less. The minimum wage today is too small and should be raised to a more reasonable amount.

News stories abound with demands from workers, organizations, and lawmakers to increase the federal minimum wage. Headlines throughout the country highlight recent minimum wage policy changes in major cities such as Los Angeles and Seattle. Last month, Governor Andrew Cuomo of New York announced an approved minimum wage increase to $15 an hour for all fast food workers in the state (McGeehan). Even the website for the White House has a separate page, “Raise the Wage,” advocating for Congress to increase the federal minimum wage to $10.10 an hour ("Raise the Wage"). The most commonly held beliefs supporting an increase in the federal minimum wage are the potential lifting of families above the poverty line and the reduced demand for governmental assistance promised by livable wages. Democratic legislators believe people who work hard in the United States should receive living wages that combat poverty. Emotions flare over the minimum wage debate due to its strong connection with poverty and governmental assistance. While the issue tugs at the heart, people must also consider the issue logically in order to avoid unforeseen consequences. Increasing the federal minimum wage will have negative effects on training opportunities, non-wage compensation, and labor competition.

Raising the minimum wage price would skyrocket school attendance levels and decrease high school dropout rates. A 2014 study found that raising the California minimum wage to $13 an hour would cause the incomes of 7.5 million families to increase, meaning fewer families would live in poverty. This means that teens who live in poverty are two times more likely to miss three-plus days of school per month compared to those who do not miss school. So overall, because of the rise of the minimum wage, it caused families to come out of poverty. This also means that there would be a lower amount of children missing/skipping school. Studies also found that "recent experimental studies show that increasing income can improve school performance." This

Families will have better care, reducing demands on the health care system. More money means people can spend money on better products at the supermarket which means there is less of the chance of them become ill. That leads to them being less of a burden on the government and the government does not have to spend tons of money on health care. When people start spending money the economy starts going and businesses make enough money to pay the higher wages. “Raising the minimum wage would be good for our economy. A higher minimum wage not only increases workers’ incomes—which is sorely needed to boost demand and get the economy going.”(Lester) Low wage workers are most likely spending the money where other low wage worker work at. This would

Washuar and Neaumark’s study of the economic literature also found it “as largely solidifying the conventional view that minimum wages reduce employment among low-skilled workers” (qtd. in “Four Reasons”). A study conducted by Mark J. Hicks, the Director of the Center for Businesses and Economic Research and an associate professor at Ball State University, found that minimum wage increases on the state and the federal level, costed “roughly 550,000 fewer part-time jobs,” and “roughly 310,000 fewer teenagers working part-time” (qtd. in “Four