Minimum Wage Should 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

When there are millions of Americans living at or below poverty lines, something has to be done. Billion dollar companies and businesses that employ workers, paying them low wages is hurting the economy. The reality is, unless the minimum wage is raised, the cycle will only continue. With higher minimum wages in place, the entire country does better and, therefore, should be raised. There needs to be laws put place to raise the minimum wage. Doing so would boost the economy with all of the money that Americans would put into it. With higher minimum wages, millions of Americans can get out of poverty, not having to rely on the government for assistance such as food stamps, public housing, child care, and health care needs. They can afford better housing options in which they want to live. Communities would see less crimes in neighborhoods creating a safer environment. Aside from that, Americans can afford a good education, health care, as well as healthier eating and exercising habits.

Raising the minimum wage is a very important public policy issue. Raising the minimum wage is a responsible policy that is supported by research and demanded by the American public. Each day, minimum wage workers across the country struggle to make ends meet and provide a decent life for their kids (Scott & Perez, 2016). Raising the minimum wage is a controversial issue, many believe that raising the minimum wage would only provide low wage workers more money to spend. However, the benefits can be endless for low wage workers. If minimum wage is increased across the United States it would afford the people effected more opportunities for financial freedom. Increasing the minimum wage would raise the standard of living for low wage workers, allow families to be removed from poverty, allow for government welfare spending to be reduced and lastly additional income being spent would positively affect the economy.

Okay, so some people may lose benefits, but at least they are able to bring home more in their pockets. Fair enough, but what if that wasn’t enough to compensate for the profit loss in companies? So now what? Well the company’s only option is to fire some employees. Sherk (2007), states “that most estimates suggest that each ten percent increase in the minimum wage reduces employment in affected groups of workers by roughly two percent.

The main reason raising the minimum wage radically would kill the economy is the pressure it would place on small businesses. According to TheWashingtonPost.com article, Small Businesses are the backbone of the economy. They also cited that many studies from the U.S. Small Business Administration show small firms employ just

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.

How much would raising minimum really affect the world? Raising minimum wage would not help the world the way we think it would. Instead it would cause more negative effects over the positive. Minimum wage is now only $7.25 per hour but many people want it to be raised to $10.10 per hour or possibly more at $15 which is more than double of what it is now. Having minimum wage as high as $15 could have more negative issues. Minimum wage should stay the same at $7.25 because raising it higher will not help the poverty and economy, workers and incomes, and have negative effects in general.

Many argue that raising the minimum wage makes hiring workers more expensive, eliminates jobs at the bottom, slows growth and ultimately raises unemployment. Economic studies show that raising the minimum wage to keep pace with inflation creates little additional harm, but what the president is

In 2008 the United states came into recession due to many factors. Based on the article, the minimum wage should be raised. Ever since that meeting many economists have proposed different plans to solve this issue. One of these solutions for this particular issue is to raise the minimum wage. This would affect the economy, workers, and job growth which will follow in need of help. This plan would help, but there has been research that has gone against the solution stating that there is more cost than the overall benefit. There are still discussions to this day for if which they should raise the minimum wage.

The minimum wage has always been a crucial part of American economics, being a hot topic for debate. Recently, the idea of increasing the minimum wage to $10 an hour has sparked a great deal of controversy. These debates have jumbled American politicians and citizens around, trying to decide what they believe is the best way to approach the topic. Most Americans believe that the minimum wage should be increased, according to Pew Research Center, 33% favor and 40% strongly favor this raise. This can cause problems for many people without them realizing the consequences. The increase in minimum wage to $10 an hour would be detrimental to the United States economy, if passed it would result in increase of costs for businesses, unbalance of the

Raising minimum wage would lead to an increase in demand and a lowering of supply. The price of goods would increase, along with the services. The shortage of jobs would increase the poverty rate and crime rate.

Imagine standing over a scorching grill for hours, taking care of the elderly, both lifting and transporting heavy loads, basically doing back breaking work; only to be making less than $8 and hour. That is the reality for millions of people in the work force who are earning minimum wage. Whether or not minimum wage should be raised has been a question many people have been discussing for years and has become quite controversial. Those opposed to increased minimum wages would argue that a minimum wage salary is already sufficient enough, or in some cases even “too high”. In spite of the opposing sides, it is almost certain that a rise in minimum wage will either positively or negatively affect several aspects of the country. For one, an increase in minimum wage could result in an economic shift. Furthermore, the current poverty level within the country, with the help of a higher minimum wage, would either decrease or as a result. Thirdly, a change in poverty levels caused by a higher minimum wage would ultimately change the amount of government spending and those who receive it. Minimum wage being raised would definitely be impactful not only the people receiving those minimum waged salaries, but also the economy, their families, and even the government funding.

There have been many questions raised about increasing the minimum wage in the United States but not many people have the knowledge to understand how their lives will be affected. People are more concerned about increasing the minimum wage into living wage. Everyone should be educated and have concerns about the politics of raising minimum wage to a living wage.

The poverty levels in America are a major problem. The cost of things like rent and education have risen dramatically in the recent years, making it difficult not only to live, but also to become a skilled worker with a lot to offer companies. Unfortunately, minimum wage has not kept up with rapidly rising prices. People working on minimum wage cannot support themselves, much less a family. Many think that the problem can be easily solved with a raise in federal minimum wage, but those people fail to understand the many trade-offs that would accompany. Not only would a minimum wage raise to 15$ have a major effect on employers costs and the cost of goods, but it would also cause a major rise in unemployment(Gitis and Holtz-Eakin). A raise in minimum wage would not only fail to move the lower class out of poverty, but would have adverse effects on the majority of them.

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