A reoccurring topic in most political debates is whether minimum wage should be raised or not. Many say $7.25 is simply not enough for a family to survive in our economy. President Obama has taken a strong stance on this topic encouraging congress to raise the minimum wage to $10.10 an hour considering we live in one of the wealthiest countries in the world. Obama argues that one working full time can simply not afford to raise a family on $15,000 a year. Typically, Democrats will side with our president and argue that raising the wage is a good idea, white Republicans will disagree saying minimum wage will destroy business and hurt working class families. Some may see this as a political issue, but I say this topic is simply common sense. Minimum wage should not be raised due to higher labor costs and a higher volume of unemployment.
On June 25, 1938 President Franklin Roosevelt signed the Fair Labor Standards Act. The Fair Labor Standards Act is a law made to establish a federal minimum wage, overtime pay, and youth employment standards. Since 1938 the federal minimum wage has been raised 22 times. States are allowed to set their own individual minimum wage laws, and under the Fair Labor Standards Act, employers are required to abide by state wage laws. According to The Negative Effects of Minimum Wage Laws “Currently forty-five states and the District of Columbia have individually set their own minimum wage, of which eighteen are higher than $7.25 an hour. Only five
A bill increasing the current minimum wage is greatly needed, and our government officials should demand a raise due to the increase in the cost of living, as it’s no longer realistic. We need higher paying wages for all, middle and lower class income levels. Without some sort of help and support from our government the economy will only get worse. Students will not be able to afford the cost of school and living. Single family households will not be able to support their selves.
Do you feel that the minimum wage is often too low in North Carolina for not only teenagers, but for adults providing for families as well. Do you think that the minimum wage should be raised a few dollars to allow citizens working on minimum wage to pay for college, save for insurance, buy food, and pay for rent? The average citizen must work hours on end to provide enough money to live sustainably. Thousands of kids live in poverty, and barely have enough food to stay nourished. These are the reasons on why we should raise the minimum wage.
Should the minimum wage increased to $10.10 an hour? This has increased over the years and everyone has their opinions. Those who are in favor of increasing minimum wage to $10.10 believe that more money will decrease poverty and the unemployment rate. Those who oppose the increase in the minimum wage, believe that it should not be increased and should stay the same, because it will cause businesses to close up because they are not making enough money to survive in the economy An increase in minimum wage would have to make the employees work harder to make increase sales of the business. I believe that the minimum wage should not increase to $10.10.
In 1936 by President Roosevelt who signed the Fair Labor Standard Act(FLSA) making a federal minimum wage of .25 cents an hour (equivalent to $4.18 today)(Grossman) in order to maintain a “minimum standard of living necessary for health, efficiency and general well-being, without substantially curtailing employment”. This wage only affected about 20% of the entire labor force. The Fair labor Standards act was not always looked at being the best way to go, when it was enacted just like in today 's society it was fought against to raise the minimum wage. Many corporations were arguing against the creation of the
There are many employees who find themselves working full-time for what the government has so generously termed the “minimum wage”. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and Seattle recently established a plan that would see their minimum wages rise to $15 by 2021. The question for all the other forty-eight states remains, should the minimum wage be raised?
What’s in it to lose? Nothing because by doing so it can help to reduce the government welfare spending at the same time helping someone to at least make ends meet. Therefore, raising the minimum wage will help people to take of their family basic needs such as good nutritious food, instead of the unhealthy food, health assurance for them to go to the doctor and a place to stay. People that work minimum wages not always able to afford their basic needs. They sometimes prone to sickness because of their unhealthy lifestyle and with no health assurance they won’t be able to afford to go the doctor or their
Investing in employees is the single most important investment that a company can make. A lot of Americans are now in deep poverty, or have a huge amount of debt to catch up too. With the thought of that, in the United States today, millions of Americans are living on the federal minimum wage of $7.25. For this case, it is necessary that there is a need for an increase in the federal minimum wage because it would be much more beneficial to both the economy of the United States and to individual workers because more Americans need spending power, higher minimum wage will help close the wide gap between the wealthy and the poor, and the working poor need to protect themselves in case something goes wrong.
As our federal government debates the idea to raise the minimum wage, there are several interesting questions that occur. Most importantly, should we raise the minimum wage? I believe it is a bad idea to raise the minimum wage from $7.25 per hour up to $10.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy.
Which would raise it six dollars and twenty five cents. Which amounts to fifteen dollars an hour, which would equate for a full time worker to thirty one thousand dollars a year. A proponent of the minimum wage increase is Thomas Perez, who said “Workers are feeling like they have nothing left to lose” He works as an analyst for the National Employment Law Project, which aims at helping the working class of people. It ends by talking about Obama and his goal of raising the minimum wage to nine dollars an hour, as well as have it follow the consumer index so it would raise periodically Conversely in Arthur Brooks article he stipulates that President Obama neglects the poor. He reasons this by formulating research which he gives that says our current President only talks about the poor class on fourth of the time, while others such as former President Ronald Reagan talked about the poor in his speeches two thirds of the time. Looking at both these articles gives the notion that our President has agreed with raising the minimum wage. Although according to Brook's article he hasn't talked nearly as much about the poor class as other Presidents. It seems important to talk about this class of people since they will be the ones most affected by this social, and economic issue. Seeing the results of just talking about something you can see how effective it is in changing it. Without the
Should minimum wage be increased? Passage one strongly supports and gives details on why minimum wage should be raised. Many workers are asking for a national minimum wage increase to $15 per hour, while others say that a higher minimum wage will stifle business and ultimately hurt the economy. So, should the minimum wage be increased or not? The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers earn the federal minimum wage or below.
The topic on whether the minimum wage should be increased our untouched has been a hot topic in the media and political scene lately. Both the republicans and democrats have spent some big bucks lobbying their insights on the matter. There has been a lot of subjective and objective arguments that are reasonable on both the pros and cons of increasing our national minimum wage. To add to the drama associated with this topic, President Obama endorsed a bill proposing a nearly 40% rise from $7.25 to $10.10 per hour. The President has been campaigning around the country ever since his State of the Union address, pushing congress to raise the minimum wage to $10.10 an hour. Many say this is too high due to the costs of enacting such an increase, and many say this is a little low due to the increased cost of living. After looking into both sides of this debate, I realize that overall it would be better for the well-being of our nation to increase the minimum wage due to the short term and long term costs that an increase of the minimum wage could lead to. In terms of helping out the lower class and poor citizens of the United States, increasing the minimum wage level is not the answer.
“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”
"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty."
Minimum wages go all the way back to 1938, during the great depression, when the stock market crash and bank loan were failing. Families need income of some type, were they wanted to make it fair were individual could get pay the same without a college degree. I am going to start off with a little about minimum wages history and how this could help our Economic.
Congress enacted the federal minimum wage in 1938, during the Great Depression. Congress had two goals; keeping workers away from poverty and boosting consumer spending for economic recovery. Today, there is a debate, whether we should increase the minimum wage again. Increasing the minimum wage is useful for several reasons. First, the current minimum wage has failed to keep up with inflation. Second, a higher income level reduces employee turnover and increases efficiency and ultimately, raising the minimum wage does not reduce employment. Even with high unemployment rates, the minimum wage is useful for the economy.