Persuasive Essay On Minimum Wage

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.

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.

To begin, increasing minimum wage would increase economic activity. With an increase of $1.75 hourly, it has been predicted that there would be increase of aggregate household spending to $48 billion the next year (Aaronson). This increase would boost the United States GDP and lead to job growth, which proves that higher minimum wage equates to higher economic activity. In addition, it has also been found that raising minimum wage would would benefit

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.

The first reason why the Untied States should increase minimum wage is to reduce poverty rates. An anti-poverty tool is simply whether employers would employ fewer workers if they had to pay higher wages. Which I believe is wrong because since they would be increasing minimum wage then the employers will be making more money, which then opens up more employment options. In addition, if employers are paying more, they will want to hire more experienced or more educated workers. But, this is why we would increase minimum wage so that more people can afford to go to school and finish their education so that they will be able to receive those jobs. Also, between 1998 and 2004 retail employment rose more than three times faster in states with minimum wage above the

It is a popular opinion that increasing the minimum wage would reduce income inequality by the process that an increase would have a ripple effect, raising the incomes of people who make slightly above the minimum wage, and then slightly above that and so on and so on, thus changing the distribution of wealth within society. As a result, a minimum wage increase would help reduce gender and race inequality, since a greater representation of women and minorities work in the low-income labor force. Minimum wage advocates maintain that the current minimum wage is not high enough to enable people to afford housing and everyday essentials. They believe raising the minimum wage would combat poverty and lead to a healthier population. Improving the level of poverty in the United States would increase school attendance, and decrease crime and high school dropout rates. Finally, defenders of the minimum wage argue that the minimum wage helps to reduce the federal deficit. Raising the minimum wage would reduce the federal budget deficit by increasing tax revenue and lowering government spending on public aid programs. Payroll and income tax revenues would rise as a result of an increase in the minimum wage, and the federal deficit

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.

In 2012 the percentage of poverty fell from 15% to 14.5%. By raising the minimum wage the united states will have less poverty.People who earn minimum wage and have families don't earn enough to meet their basic living expenses. Sometimes people don't have enough money to buy necessities such as food. If minimum wage is increased, more people will be able to afford housing. Earning minimum wage is not even enough to support 1 person. People not only need to buy food and afford housing but also pay bills like electricity,water etc.By earning minimum wage people aren't able to pay all of these necessities.A person working forty hours a week, fifty weeks a year at the federal minimum wage of $7.25 an hour would earn $14,500, pre-tax. In the area where I live housing is really expensive , houses for rent are usually $400 monthly not including the amount the owner wants for deposit. People with minimum wage will have a hard time to buy their own house if a house is on sale for $100,00 and you earn $20,00 annually you aren't going to have enough money to give a down payment and still be paying for house insurance plus basic living expenses. “According to a 2015 report from the National Low Income Housing Coalition, a worker must earn at least $15.50 an hour

Studies have shown that raising the minimum wage since the beginning have found that minimum wage hurts the poor and make the rich even more wealthy. When raising the minimum wage it tends to take away the low skilled and younger worker jobs for college and even high school students. Also, it keeps people on well-fare, and encourages people to drop out of high school. The findings in many articles all say the same thing that I will ultimately be saying in this paper. Raising the minimum wage will not help people, when wages are increased you will see that employment across the nation will decrease exponentially. People that are not well educated like high school dropouts, some criminals that are in the working field and many other teenage workers will all be let go from the current job. In the first year alone, when minimum wage was mandatory, it resulted in 30,000 to 50,000 jobs lost in the first. The facts are out and still happen every year that minimum wage is raised. History speaks for

Do you believe that all jobs that require little to no skill deserve more than the federal minimum wage? If you said yes then perhaps you are unaware of the many negative effects surrounding a higher minimum wage and after reading this you will be educated on why the minimum wage should not be raised. In the beginning, the minimum wage was created with good intentions. It was originally established in 1938 and was $.25 an hour (Sessions). It was created to make sure that businesses would not take advantage over workers. While the minimum wage was and still is a good concept, it has some flaws. The major issue is that the minimum wage continues to be raised. The main reason for the increasing of the minimum wage is because people who make

If there is an increase in minimum wage, it will slowly pull people out of poverty. Poverty level for a single person is just under $12,000 per year, but for a household with two kids, it’s over $23,000 per year. At the current minimum wage of $7.25 per hour, a person’s annual salary would be about $15,000 per year. Also, since cost of living varies in different places in the country, the same minimum wage often does not even cover living expenses. Increasing the minimum wage to $9 per hour will lift 300,000 people from poverty. If increased to $10.10 an hour it will lift 900,000 people out of poverty and reduce the number of non-elderly living in poverty. Since young people are most likely to be working minimum wage jobs, they often face other issues associated with making minimum

Although it may seem fair that if the minimum wage rises low-income people will have a chance to earn more money, it will only make the situation worse. To many people around the world, the minimum wage is very low for modern society and is not enough to support a family or even yourself. In the minds of a normal person, they may think that raising the minimum wage will increase the income of a person which will mean they have enough money to buy products. It is invalid and if the minimum wage increases, financial factors (one of inflation) will invert the perspective in which people think of increasing the minimum wages.

There’s a very simple solution to a increasing poverty level, a raise in the federal minimum wage. People who live at or below poverty level did not have the opportunity to develop job skills, build an education, or invest in financial assets. The little opportunity given to the low poverty populate is due to the absence of a low income, and how many of them could only afford a minimum wage job. If an increase of minimum wage was given, many low income workers could develop skills, that could help them progress in their career. Once these workers succeed in their career, one could hope that they will go on a earn a education, or build their financial assets. These financial assets include loans, savings accounts, and the purchasing of houses or other expensive items. An investment of these financial assets will led to an overall boost in the surrounding economy and crime rates in the area. A federal wage increase has many benefits compared to cons, these benefits include: helping the life of low income workers, who make up most of America, and the overall boost of the economy and the area surrounding it.

Minimum wage should be increased because Parents that don't have degrees are struggling providing their families. People that have not gotten degrees because they could not afford them or have had families early and do not have the time or resources to go to school can not get a job that pays over minimum wage, most of the time. For instance, the employees that work on minimum wage in California have to work 130 hours a week to afford two bedrooms, this is the reason that the government supports the low income families. Raising it would help these people afford to support their families on their own. Also the minimum wage is not keeping up with inflation making it harder and harder for people to afford things, which is affecting the economy even more because people are not buying, or they will buy cheap things that are made somewhere else, which

First off, increasing minimum will help reduce poverty by making people work less hour but still have enough money to live on it. In the article “Minimum Wage,” it said “The current federal minimum wage of $7.25 per hour is too low for anyone to live on.” It clearly shown that the minimum wage of $7.25 per hour is too low and needs to be rise higher so that it allows more people to be doing something then just begging on the street.