A living wage, or a true minimum wage, is a wage that has the ability to maintain a normal standard of living. A true minimum wage also enables people to live comfortable lives. If this is true, then the minimum wage in place now is not a living nor true minimum wage and it needs to be increased to meet these criteria. True minimum wage enables more people to live comfortable lives. Henry Ford, creator of the Model T, introduced, “$5, eight hour day,” (Dunn and others 1) rule, doubling wages and decreasing the amount of time a person worked each day. Ford made it, “possible for the people who made the cars to actually buy them,” (Dunn and others 1). With money in their pockets, the people could work not just to feed their families but also to have an item that made their lives more cozy, comfortable, and interesting. The increase on the minimum wage that Ford put allowed his workers to help the company and economy but also themselves. They could travel, get better jobs, and change the world by driving a car on minimum wage. Ford started the trend of increasing the wage so a person could live on it with comfort. This is visible, “ In 1969,” where, “a worker earning minimum wage could own a house, raise a family and think seriously about sending a child to college,” (Kerry 1). With the money they need and some to provide for their children’s future, these people could live comfortable lives working on minimum wage. They could be successful but settled and not worried. The
Before people push a minimum wage increase, they need to be totally aware of all of the positive and negative results and consequences that might occur as a result. The issue concerning what to do about the minimum wage has served as an ongoing controversy amongst several people. The federal minimum wage should not be raised for several reasons including the harmful effect on small businesses, the increase of poverty, and the augmentation of competition for jobs.
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?
Although America is known as the richest country in the world, 43 million of its citizens are in poverty. Unfortunately, some of them work full time, yet are still in poverty due to the low minimum wage (“Should We Raise”). In 1928, the first federal minimum wage of 25 cents per hour was set by President Franklin D. Roosevelt to prevent workers from being underpaid. Since 2009, the federal minimum wage has been $7.25 (Smith). The age old debate of whether or not to raise it is still going on in the US. The federal minimum wage should be increased to keep up with inflation, help support the poor, and stimulate the economy.
I decided to write about how I felt regarding the federal government's involvement in controlling the minimum wage and that I felt they are disconnected in their understanding of the impacts on communities when they raise the minimum wage. I work for a manufacturing company in the U.S. and I understand wholeheartedly what the impact of salary increases due to our bottom line. In very competitive markets the difference between success and failure can be separated by the difference of only a few dollars per part, and while in other countries, their manufacturing bottom line is subsidized by their governments we are forced to generate profits the old-fashioned way through supply and demand. This is why I decided to take a stance in my persuasive essay and challenge the status quo of the Department of Labor and Wages. No longer should the federal government dictate a national minimum wage but should allow each state to establish their own minimum wage based on the economic condition of their counties and their state, as a whole.
Those in favor of the minimum wage have argued, contrary to established economic theory, that the minimum wage can actually increase employment. An increase in income results in additional "money in the pockets" of workers which encourages greater spending in the economy. This in turn causes greater demand for goods and services, an increase in production, and the creation of new jobs. Additionally, a higher minimum wage is thought reduce government welfare spending. If workers earned more money, their dependence on and eligibility for government benefits would decrease. A recurring theme among pro minimum wage arguments is the issue of stagnant wages. Improvements in economic growth and productivity have exceeded increases in the minimum
As of 2009, the federal minimum wage established by U.S. Labor Law is of $7.25 per hour- income that is not enough to cover the expenses of an individual or family and therefore creates numerous economic and politic controversies. The inability to keep up with paying the bills and housing, spending money on healthcare and childcare- created a society of marginalized groups of people who face troubling barriers to opportunity and development. Consequently, a satisfactory standard of living can be achieved by implementing a living wage, which theoretically allows the employees to afford decent shelter, food, and other everyday essentials.
One of the most acrimoniously debated problems in American society today is the debate over the minimum wage. The minimum wage, established in 1938 by President Roosevelt, was made to be a safety net for people who provided unskilled labor, but also needed to provide for themselves. Up until that point, people had no guarantee that they would be paid. The minimum wage was quite literally one of the only lines of defense unskilled workers had in harsh times, such as near the end of the Great Depression. In today’s society, the minimum wage is still a means by which unskilled workers can provide for themselves, but many people have lost track of what it originally meant. The minimum wage is no longer specifically meant for people in dire need, having to take the first job they find. People now perceive it to be something into which they can settle, even in today’s society, where opportunities for hard workers to be promoted are frequent and encouraged. Despite the chances people have to seek out promotions, most $15 minimum wage proponents believe that they are entitled to having the minimum wage increased because they believe it would put them at a “livable wage” and that businesses owe them higher pay because of the cash flows they generate. As a federally mandated expense to businesses, it is critical for people to consider the possible negative outcomes of trying to forcibly make businesses, whether large or small, pay an increased minimum wage as drastic as $15. Not only will it negatively affect the U.S. economy, but it will also put minimum wage workers at the same level of disadvantage, if not more.
“A nation will not survive morally or economically when so few have so much and so many have so little” (Sanders 1). One of the controversial topics in American politics today is the decision whether to increase minimum wage. Some people think raising minimum wage can only benefit them and our economy. You may be thinking nothing could be bad about having a few extra bucks in your pocket. What could be so bad about raising minimum wage? Minimum wage increasing would cause various issues in today's economy.
Imagine spending your day with lights, sirens, blood, and death. Imagine having someone’s life in your hands every time you go to work. Then imagine working 24 hour shifts only to return home and sleep for a few hours before returning to your second job and doing it all over again just so you can provide for your family. This is the life of emergency medical technicians across the country and many others like them. Now imagine that the teenager next door that work at the local fast food chain makes the same amount of money as you do. Due to the current minimum wage increases being seen across the country, this is being becoming the reality in this country. The increase of the current minimum wage is targeted to help individuals in low paying
Minimum wage is different across the United States and varies depending on the cost of living for that particular state. There are currently 5 southern states who have not adopted a state minimum wage. Those states are: Alabama, Louisiana, Mississippi, South Carolina and Tennessee. Presently, there are 29 states have minimum wage rates above the federal minimum wage. I currently live in Germany but my home of record is Arizona. The minimum wage in Arizona is $8.05. Arizona is one of America’s fastest growing states. With a booming economy and a diverse population, Arizona’s cost of living is somewhat low compared to the rest of the United States.
3.3% of Americans aged sixteen years or older earn at or below the minimum wage of $7.25 an hour. With an estimated 45 million citizens living in poverty, I will attempt to prove why we must increase the minimum wage to at least $10.10 an hour. In this paper, I will discuss the history and definitions of poverty and minimum wage as well as the pros and cons of implementing a higher minimum wage. I will also examine the economic and social effects of the minimum wage and how it pertains to our day to day lives. In 1938, President Franklin D. Roosevelt established The Fair Labor Standards Act or FLSA as a part of The New Deal. With this, a federal minimum wage of $0.25 was introduced. The act also provided overtime pay, a maximum workweek of forty-four hours, recordkeeping requirements, and a restriction on child labor. Before its passage, one in four children were working sixty hours a week for a median salary of $4.00 per week. Over 700,000 workers were affected by the Fair Labor Standards Act and Roosevelt called it the most important legislation since the Social Security Act of 1935. (Grossman) Since its introduction, the minimum wage has been increased twenty-two times by twelve different presidents. (Bose) The act was specifically intended for those working in manufacturing. Only about 20% of the population was covered by the minimum wage law. Other industries were exempt from the law due to concerns that it would restrict employment. The FSLA faced judicial opposition from the very beginning and has never been without controversy. The National Association of Manufacturers or NAM, denounced the new laws as “a step in the direction of communism, bolshevism, fascism, and Nazism.” (Cole) Many politicians and merchants vehemently opposed the Act and considered it an attack on traditional American values. Roosevelt addressed this apprehension in a fireside chat where he is quoted as saying, “Do not let any calamity-howling executive with an income of $1,000.00 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you […] that a wage of $11.00 a week is going to have a disastrous effect on all American industry.” (Tritch)
The minimum wage in the United States needs to be raised to a wage which American workers can live on. The current minimum wage leaves little room for everyday expenses. In this paper, I will argue that the minimum wage should be raised to a living wage. The minimum wage which Americans earn creates a financial gap between the employee and the employer. The need to raise the minimum wage to a living wage lies in the reason to reduce income inequality.
Minimum Wage has been a debacle for a long time, it has been rising at a steady rate rate but it is not high enough for many people, but many economically driven people are worried that the economy will crash if we raise the minimum wage gap up to $15 like many people want. The last minimum wage increase was in 2009 with it being changed to $7.25 instead of $6.55. With inflation $7.25 is worth less now than it was in 2009 which is a problem for the minimum wage workers. Every time the minimum wage gets increased though it affects the economy in a negative way and people who are just barely earning over the minimum wage will get caught with the raise then they will start getting paid minimum wage for work that deserves more than minimum wage pay. Many people have different views on how minimum wage works, many people think that it should be raised by more than double what it is right now, and many people also want it to stay how it is currently due to the stock market and how stocks would all go down causing another recession.
The American society has made huge developments since the Civil War era. Advances in technology, transportation, and home quality have had a wonderful effect on the economy, but at a hefty price. While the standards of living have rose dramatically, it has become harder to produce enough income to acquire them. In the 1930s, a minimum wage act was established to help the victims of the Great Depression out of poverty which is still running today, but now it is hard to live of minimum wage while trying to support a good health or a family. There has been a high demand for the increase of minimum wage, but politicians fear the effects of this drastic change. Writer Rex Huppke and “The Economists” have wrote detailed articles concerning politicians’ ideas on minimum wage and how they plan to address this issue. The narrators address these controversy in their articles, but their writing is varied on the facts, opinions, and main idea of increasing minimum wage.
Minimum wages are a very important aspect when it comes to evaluating the economic health of a country. The minimum wage is the one detail in a country’s economy in which many low class families take into consideration. There are many families that struggle with having to buy groceries and being able to purchase items that the children require for schooling. As mentioned earlier on, the minimum wage is a substance in which many people of America live off of and hope for an increase in pay. Humans are constructed from proteins, carbon, and other scientific elements, but not require money as to make one human. The need for money in one’s life has increased over the course on this nation’s existence.