Low minimum wages affects everyday families and lives, more than the average person would think. A small minimum wage could have an very small effect on someone’s life, such as not being able to afford a new pair of boots or that new phone, contradictory to this low wages could also have a very serious effect on someone’s life . Meaning that a parent or single individual could not support their family because a lack of income, it could also mean the difference of living under a safe roof, or living in the streets. In 2016 alone, 40.6 million people in the United States
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. 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. An increasing minimum wage in the workplace have both an economic gain for the company, and will produce a productive and dedicated worker. Not only will a company have dedicated skilled workers if they raise the minimum wage, but
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.
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.
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
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
I don’t think the minimum wage should be raised. While low, raising the minimum wage would not necessarily have just positive effects, it would have negative effects as well. If it is raised jobs would decrease. There is a set amount of money and raising the minimum wage would not help the workers at all. The topic of minimum wage should be left between the employees and the employers, the people it really affects. It should be up to the employee to work as hard as they can and up to the employer to pay them for the job they have done. Some say that the minimum wage should be lowered, they tend to argue that with the amount the employees earn being so low they have to work extra jobs just to make a living. What they don’t see is that with a
There are many pros to increasing the minimum wage, most of which are simple enough to understand and make someone think that there is no reason not to increase the minimum wage. The first and most important benefit of increasing the minimum wage is that workers are able to work to earn a living wage, a wage that is high enough that workers are able to maintain a normal standard of living. Next in line is that a higher minimum wage will increase workers incentive to work, and also increase the incentive of the population not in the labor force to join the labor force and seek jobs. Going off that point, increasing the minimum wage will reduce the need for social programs, such as unemployment, welfare, SNAP, etc., because there will be fewer people living at or below the poverty line and that qualify for these programs. Moving along the list of advantages, increasing the minimum wage will also increase the amount of money workers
Raise the minimum wage would bring about employment misfortunes. It hurt low skilled work is harder to discover an occupation. Minimum wage law expands measurements not lessen neediness. Result In higher Costs For customers, pay must be paid by somebody.
Raising the minimum wage increases the productivity and customer service in a business (Time, 2017). For example, a business named “&pizza” pays their employees a starting wage that is higher than minimum wage (Time, 2017). Michael Lastoria, the CEO of the business states that “It’s a simple, but critical, concept: take care of your people and they will take care of your customers.” I agree with this statement. When a business or anyone for that matters show that they appreciate your work, it only makes one want to work harder and provide the best kind of service. Everyone benefits in this situation. There are many other businesses as well that have acted to increase the work wage above the required minimum. While it may be fair or ideal to get a minimum wage increase which would also increase productivity and customer service, others would argue that it would do more damage than
One advantage of raising the minimum wage is the economic stimulus which can lead to an increase in job opportunities. If minimum wage workers can spend more, then businesses can earn more and therefore will need to hire more employees to keep up with the rise in business. Another advantage is the reduced expense for social programs. Many of the people earning the minimum wage are also those relying on the support of government run social programs. With higher wages, many people would be able to support themselves without heavily relying on social programs, which would lead to lower taxes or a reallocation of the funds to support other needs. Many employees who are comfortable and satisfied with their wages are less likely to quit, so an increase in minimum
Raising the minimum wage would cost many americans their jobs. It is said that even overall employment could be harmed with the raising of minimum wage. It would raise the cost of labor and reduce employment opportunities. Our economy needs to produce more jobs for the growing population and raising the minimum wage will do the opposite of that. Unemployment rates need to go
Almost 13.5 percent of people living in America are stuck in poverty. Most of those people have jobs, but their pay is not enough for them to survive and provide for their families. “Most low-wage workers aren’t young teenagers; they’re major breadwinners for their families and many are young women” (Robert Reich). With an increase in minimum wage people could make enough money to take care of their families and get out of poverty. This would help many families by letting
Increasing minimum wage in America would give most people a chance of having a better standard of living. Many people have become casualties of minimum wage because it is so low that people can barely live off of this low pay. This has happened because smaller businesses do not have the money to increase their employee 's’ monthly pay, thus eating away at company profits. Therefore, people should take into consideration of those making minimum wage, and having to support a family.
Everyone wants the world to be a cleaner, better place for people to live. If we raised the federal minimum wage to point that people living in these communities can start to help themselves and the conditions that they are in. We could slowly start to see an improvement in these places all over the world. This small boost would help people by allowing them to use those extra dollars to help themselves and how they live their lives.
In conclusion, I think the perks of increasing the minimum wage outweigh the flaws of increasing it. I agree with much of my research that it would severely help economic spending and it would help a hurting lower class with a sense of financial security and could perhaps help employment as well. I am sure that there might be a few