Persuasive Essay On Raising Minimum Wage

To begin, there is an extensive debate over whether if the U.S were to raise minimum wage, could it really help the working poor of low income families. Nancy Cook, in her article from the National Journal, “Why a Minimum-Wage Hike Can’t Help the Poor”, she points out that two thirds of around 100 surveys from 2007 had a negative effect and that it does more for the middle class than the lower one. (p.14). So, therefore, from her

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

The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.

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.

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?

Ira Knight, who is an author of article “Let’s Make the Minimum Wage a Living Wage”, expresses an opinion that increasing the minimum wage would help all struggling workers and at the same time improve U.S economy. On the other side, Janice Steele in her article “Keep the Minimum Wage Where It Is” argues that raising the minimum wage would have bad effects on workers, consumers and small businesses. Ira Knight’s article seems to be the stronger of the two positions because her arguments are based on several recent studies, and last but not least, she had a personal experience with the minimum wage job.

The topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy.

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.

On July 24th, 2009, the United States of America raised the minimum wage to $7.25. However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are already raising the minimum wage because of the lack of money workers get. Finally the third supporting idea is that the states are also raising it over the federal minimum wage and also how can help poverty. There are many more topics on why the minimum wage should be raised but these reasons are the most important.

Raising minimum wage 10% would reduce the amount of poverty by 2.4% ( Konzal, Mike. ) The raise of minimum wage may be able to pull 4.6 million people out of poverty. Although there are 45 million people in poverty, pulling 4.6 million out is a good start. With raising minimum wage there are possibilities of it boosting workers incomes by 10% which is an increase of $1,700. A raise like this is a big boost to people's quality of life and living conditions. Having high paying jobs for workers would pull about 900,000 americans out of poverty and raise the income of 16.5 million workers all around the US. While raising minimum wage has some positive outcomes there is more possibility for negative outcome. Positive effects like poverty rates possibly dropping are great but not enough money can be made. Workers income will be raised because of the wage raise but it is not good enough. If firms pay more they are going to look for less workers because of the raise or resort to other ways of work. A raise in minimum wage has opportunities to pull people out of poverty and raise incomes of people but it is not 't enough. ( Khimm, Suzy. )

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.

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

An increased federal wage may seem like a wonderful idea and some may even make the argument that an increase will benefit the economy, but will it? A study by the Harvard Business School showed that a one-dollar increase in minimum wage could increase the likelihood of a restaurant closing by four to ten percent. This is extremely alarming when considering almost four million people work in the food industry. With an increase, jobs will be lost, hours will be reduced, pay cuts will be made, and businesses will close because employers will not be able to gain profit and pay their workers more than double what they are now. For example, Washington was one of the first states to significantly increase their minimum wage to eleven dollars. Because of this, last year Seattle experienced the largest three-month job loss in its history. So instead of “boosting” the economy, it will actually harm it. We can already see the pressure on profits because the cost of workers goes up when the pay of entry-level

Jon Corzine stated, “No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty (Jon).” Everyone who has started their first job was presented with minimum wage. Minimum wage is the minimum wage that an employer will pay you as an untrained employee (Define). The regulations set on minimum wage were set forth by Fair Labor Standards Act, which determines the minimum wage, overtime pay, record keeping, and child labor standards affecting full and part-time workers. This act was established in 1938 to protect workers from problems that occurred during the Industrial Revolution and Great Depression. The current minimum wage is $7.25, but is that enough to support everyone’s situation? It was reported that in 2011, more than 3.7 million individuals earned minimum wage. That number is equivalent to 2.9 percent of the working class people in our country (WHD). By increasing minimum wage individuals will no longer live below the poverty line and will be given an opportunity to live a financially stable life and no longer needing government assistance to support their lives. Something I have always participate in during high school shaving a part time job; because of my firsthand experiences, I wanted to find facts and statistics behind my personal opinion of having a pay rate that is not sufficient enough for those who are working at this job as their main financial supplier for their family.

In this country, employees would do anything to better what they earn from working, but they get so caught up in the thought of money that they don't see the problems that could occur when their minimum wage is lifted. It sounds simple to raise the minimum wage and everyone be content, but the country could be seriously hurt. An increase in poverty and an elimination of jobs would be the after effect of a raised minimum wage. While almost every worker wishes to earn a higher profit, keeping the minimum wage where it's at now is the most logical way to avoid future problems. Therefore, to keep our country from going downhill the minimum wage should not be raised.