MINIMUM WAGE!!!!! Hayden Pepper 11/9/17 Mr. Davis Minimum wage is a problem, but most don’t want to raise it. Raising minimum wage will be a big problem now and including the future. Raising minimum wage is a problem depending on a social hierarchy. For many years the U.S had had many protesters and this is a problem according to state officials. Family's around the world are surviving on as little as 4.25 an hour in this case people have to survive off of food stamps and family members. Job owners can choose to higher the pay due to a raise in the company or a downgrade will determine whether they will make below minimum wage. Minimum wage should be increased from 7.25 to 9.00 an hour because of the over qualified, educated, and experienced Americans who are now relying on minimum wage jobs as a result of the struggling economy. Also, increasing minimum wage could help stimulate the economy. But, in order to get the economy back on track the spending power must be in the hands of the Americans who in fact, spend. With today's tough job market most job seekers are willing to acquire positions they are considered over qualified for, even if it means taking a pay cuts. Therefore, an increase in minimum wage will ensure that low wage over qualified workers have the means for vital necessities like housing, food, transportation and health care. Last year more than 200,000 Americans with college degrees were working minimum wage jobs due to our struggling economy. Furthermore, an increase in minimum wage would help stimulate the economy by
More than 43 million Americans currently live in poverty although they hold full time minimum wage jobs (“Should We Raise”). For many, the minimum wage job is no longer held by the high school teenager and has become the main source of income. Those living off of the current minimum wage are not able to meet their basic needs such as clothing, food, and shelter. Since its installation in 1968, the minimum wage has increased in proportion to the rate of inflation, but has failed to do so in recent years. Also, studies show that raising the minimum wage has had a positive effect on the economy’s growth and productivity. Therefore, increasing the minimum wage will lift tens of millions out of poverty, keep up with the rate of inflation, and improve economic growth and productivity.
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.
Almost everybody can remember their first job. Whether it was being a cashier at a grocery store or a fry cook at a fast food restaurant, it is likely that they will all mention the satisfaction of getting their first paycheck, even if it was just minimum wage. Today, minimum wage buys about 20% less than it did in 1981, sparking many debates about whether minimum wage should be raised (“Raise”). Though both sides have compelling arguments, the facts show that raising minimum wage would not be beneficial to the country in the long run.
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.
Raising the minimum wage comes with two sides good and bad the good side is people would be getting paid better and making more money, and bad side would be product prices would increase. If the price of living wasn’t so outrageous we wouldn’t have to worry about minimum wage or the people below the poverty line. If minimum wage goes up inflation is most likely going to rise and it really wouldn’t make a difference then because the individual would still be in the same boat trying to afford things.
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.
Human rights are defined as a right that belongs to humans because they are human. Everyone should have certain rights to live a healthy life, like rights to life itself, security, and freedom of thought. One right that is a little bit complicated and controversial is the right of having a fair minimum wage. The United States has enacted laws guaranteeing a minimum wage for all workers, but what should that number be? There has always been a number set in stone around every decade, but with the United States continually improving and getting out of the recession, it has yet to change since 2009. The right to a fair minimum wage should be a human right, and with that, the minimum wage should be raised to at least $10.10. This should all happen because it will prevent poverty for many in America, it will help the economy by giving more money to consumers, and because the UDHR already supports the idea of a fair minimum wage.
The signs are everywhere (no, really, the employers raising wages are screaming it from their rooftops) that the hourly wages of America’s lowest paid workers are on the rise, leading to many people wanting to know if this is real, or merely a smoke and mirror show. Experts can only speculate, so, don’t expect any definite answers anytime soon, however, the initial reaction is available now.
The issue of increasing the minimum wage in America has been a topic of discussion for a while now. Many see benefits to increasing the minimum wage while others see drawbacks. The most positive effect of this increase would be that those who are on minimum wage will be able to better support themselves, while the drawback is that big companies will of course be losing money to their employees.
The US minimum wage should not be raised to $18.00 an hour for adults by 2020. Raising our minimum wage is just as good as destroying our economy and all the work our government has done to lower unemployment rates. Jamie Richardson, MBA, VP of the fast-food chain White Castle, stated that the company would be forced to close almost half of its restaurants and let go thousands of workers if the federal minimum wage was raised to $15. Peter D. Schiff, an investment broker and investor, stated in his most recent book, The Real Crash, that “minimum wage eliminates from the job market any job that an employer thinks is worth less than minimum wage.” Schiff also mentions that “if the minimum wage prevents them from getting those jobs, they
Minimum wage was put in place to protect employees from unfair wages, but is increasing it good for the employer, employees, and consumers? Increasing the minimum wage has many cons that will hurt everybody. It may seem like the best solution, but the minimum wage should not be raised. While there are some examples of job growth, reduced poverty, less government spending, and increase in school attendance, there are plenty of examples on why it should not be raised. Raising the minimum wage would force business to lay off employees, increase poverty, force business to close down, increase cost of consumer goods, increase housing costs, and would decrease high school
Minimum wage is defined as the lowest amount of money one can pay his/her employees per hour of labor. The Minimum Wage Debate has being going on since The Fair Minimum Wage Act of 2007 which established a law that would increase the current minimum wage of $5.15 in 2007 to the current wage of $7.25. The act called for a change to made over in three years. Many supporters state that it will help decrease the percentage of poverty in the U.S. while also increasing the standard of living. Those who oppose tend to believe that it will cause an increase in unemployment while also be putting the low skilled workers in harm's way.
In a modern world where income inequality is rampant and economic conditions are often very unfavourable to the vulnerable poor of our society, the minimum wage is often a heated focus of public policy debate. The debate often revolves around one simple question: “To what degree does an increase in the minimum wage increase the wellbeing of minimum wage workers?” Although this is a debate which is fundamentally centered around the workers, it is important to consider the reaction of the employers when attempting to create effective minimum wage policy. The responses of the firms represent a key factor; especially when projecting the potential effectiveness of the implemented programs. Generally speaking when employers are faced with the problem of being forced to pay higher wages as a result of legislated minimum wage increases, they are left with limited solutions with which to manage the associated increase in production costs as a result of the higher wage. They can choose to pass costs along to consumers, however that can result in long term sales declines which leads the firm into a downward spiral of falling profitability. This was found to be the strategy employed by Pennsylvanian fast food firms facing wage increases in the late 1990’s. As explored by Alan Card and David B. Kruger in their paper examining the response of minimum wage paying firms to price increases, they found evidence “suggesting that much of the burden of the minimum-wage rise was passed on to
Minimum wage is defined as a living wage; furthermore, it is a wage set by the United States Labor Law and other state and local laws, making a mandatory amount that employers have to pay their employees (“Minimum wage in the United States”). Throughout time, the standard wage has increased due to inflation and rise of living costs. When the first minimum wage law was passed in 1938, it was set at twenty-five cents per hour; in present time the minimum wage has jumped up to $7.25 an hour. Although times have changed, the minimum wage should not be enlarged anymore because it will cause inflation, the loss of jobs and an increased likelihood of high school student dropouts.
As of 2017, the U.S. federal minimum wage is $7.25 per hour (“Federal”). Depending on where one lives, this wage is just fine, but for others it is much too low. It is impossible for the U.S. government to set a minimum wage that is equitable across all areas of the country. On top of that, a sizeable minimum wage increase would eliminate many jobs throughout the country. Finally, an increase in minimum wage would cause employers to look for other, less expensive ways to increase productivity. Even though increasing the minimum wage would benefit some people, it is impossible for the federal government to dictate an equitable minimum wage for all areas of the country. Therefore, the states that know and understand their own economics should be in charge of setting their own minimum wage.