Persuasive Essay: Increasing Minimum Wage Increase

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

Imagine a single mother who has has the task of taking care of multiple children, all on a minimum wage budget. This mother’s mind is overwhelmed with worries. Will she be able to pay next month's rent? WIll she be able to put food on the table for all of her children. The single mother lives each and every day with this anxiety, and even with government assistance: Is it enough to live comfortably?

The statistics, which Ira Knight cites are clear and show that increasing the minimum wage would help millions of people. U.S Bureau of Labor

For many years, there has been an ongoing and strong debate in the United States on whether or not minimum wage should be raised from $7.25 an hour to over $10.00 an hour. Minimum wage is the lowest amount a company or employer can pay their employees. Many argue that the benefits of raising minimum wage surpass the negatives, yet many also disagree. But as a whole, the benefits of a higher minimum wage clearly outweigh the costs that come with it. Minimum wage should be raised because it would increase economic activity, reduce poverty levels, and allow for less government spending.

increase the minimum salary but planning to see the proof of the opposing side indifferently. He points out any evidence of antagonists referring to scholarly subjects toward increasing the minimum wage will affect career growth and the inflation of money will negatively impact consumers, but he states additional studies that oppose

Minimum wage is currently at 7.25 (Furman) if minimum wage goes up so does everything else, so it wouldn’t make a difference. Food cost will go up, such as milk sugar, and everything else we use on a daily basis. Not only that but, It could cause a store to shut down due to having to pay employees twice as much as before. Labor cost would be high and unreasonable. If the prices of items or product being sold doesn’t go up.

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

Raising the minimum wage can hurt many people in different aspects of business. Increasing the minimum wage will cause businesses to lay off employees. Matt Zwolinski stated “By increasing the cost of labor, they reduce the demand for it” (3). This essentially means that those who are increasing the minimum wage are also creating unemployment. The increase in lay offs causes the unemployment rate to skyrocket (“Should” 1). Joseph Sabia and Richard Burkhauser estimated that about 1.3 million jobs would be eliminated if the federal minimum wage was increased to $9.50 per hour (“Four” 1). Raising the minimum wage would cause many small, local shops to close their doors. Even many big fast food companies would have to close their doors because they would not be able to pay their employees (“Should” 2). Seattle, being the first US city to raise the minimum wage, has received a lot of attention. A study found that there were many jobs lost due to this wage

Overall, minimum wage should not be increased because of the effect it would have on smaller businesses, movivation to work, and demand for labor. Over the years minimum wage has been used as motivator and has supported smaller businesses. If minimum wage were to be increased so would unemployment and the crime rate. The demand would be increased, leading to a supply decrease. Although it is debatable whether or not minimum wage should be increased, it is clear that it would cause more problems than it would

It’s hard to talk about minimum wage without somebody saying that raising it will ruin the economy, but this is a myth, raising the minimum wage would benefit millions of American workers. according to a

When I read high schoolers and people who work at jobs that pay minimum wage say that raising minimum wage will solve everyone's problems, it honestly makes me think that they don't understand anything about the economy. When you raise the minimum wage, the price of essentials and necessities also increase. An example of this would be the 1970's, The price of everything was at a very low cost. Such as, Milk which was only $1.65 which today would be far better than the costly price of $3.67. Although you may be convinced that the 1970's seems an easier time to live in, you are actually quite inaccurate. While the prices of everything was low so was minimum wage at a meager one dollar an hour. The price all around of everything increases because

"I guarantee you if a $15 minimum wage goes across the country you're going to see a job loss like you can not believe.’’ (“Mcdonald’s” 1)A higher minimum wage would create job loss,not gain. Another thing a higher minimum wage would do is destroy the economy.Some people might say the minimum wage would put more money into the working people pockets.Even though a high minimum wage would put more money into the pocket of working people,a high minimum wage would not work because of living costs, the economy and stock market would crash because of the money inflation and places like California have a higher population to support,so it can work for them.

Contrary to these beliefs, I believe that raising the minimum wage will not only benefit the company and employee immensely, but overall increase the productivity of workers. The raising of the minimum wage will help these low income families support their families, which decreases the poverty level too.

Clinton may presume. For example, the author explains the difference between the two proposals of $12 and $15 minimum wage can do. Increasing the minimum to “$12 an hour… or a mere $24,000 a year,” may be better however, “$15-an-hour minimum wage works out to… $31,000 a year.” Thus, the author proves a higher wage is beneficial to all who work lower end jobs. Notably, this author has generated a credibility by using logical reasoning to refute Mrs. Clinton’s $12 proposal.

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