How To Raise Minimum Wage Essay

There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.

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.

There is a lot of controversy over whether the minimum wage should be increased to 15$ an hour in all states. Proponents say that current wages in America are not livable because inflation is way higher than the current minimum wage; Minimum wage was 1.60 in 1968, which is equal to 11.60 today. Opponents say that many cannot afford this, will have to close down, make cuts, raise prices and lay off people because they will need to pay them more. Most economists believe that that high of an increase would hurt job growth. I believe that Increasing the minimum wage to fifteen dollars an hour nationwide will do more harm than good. Raising the minimum wage to fifteen dollars an hour nationwide is too big of a jump and would just cause businesses to cut off workers, force small businesses to close and increase inflation.

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?

The first reason that America should not raise the minimum wage to $15 per hour is that millions of jobs being potentially lost. Do you remember the great depression ? Do you remember how millions of people lost their jobs? My father lost his job and our family had to dig into our life savings to stay afloat. Millions of jobs were lost and many people were forced on the streets because they could not pay their bills. This is related to raising the minimum wage in the way that this same effect may happen. More than 8.4 million americans work for minimum wage. If the minimum wage is suddenly increased to $15 per hour people will be fired to pay for the raise of the other workers. That will then cause jobs to become tighter and many people will be forced on the streets because they don't have a job to pay their bills. That will then have an effect similar to the great depression regarding jobs.

By raising the minimum wage some people will no longer live below the poverty line, the amount of consumer spending will increase and more people will be in better health.

Increasing the minimum wage causes middle class Americans have less money in their pockets to spend. Representatives of both businesses and charities have almost unanimously stated that they will be forced to reduce their hours and staff size to conform to the wage increase (Englander). The risk of getting laid off or getting your hours cut because of a wage increase is ludicrous, considering said increase is meant to benefit those same people. San Francisco has recently increased their minimum wage to $15 an hour, and is starting to struggle to support it. The number of households in the area earning less than $25,000 a year is steadily growing,

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Should America’s minimum wage be raised from $7.25 all the way to $15 an hour? Many are for raising it because they say it will decrease the amount of families living uncomfortably in poverty struggling to pay rent, feed their children, and make ends meet. But those who are against it, say it will increase the amount of businesses going bankrupt and will drive unemployment sky high. Critics of minimum wage say that minimum wage should be changed to living wage which will take the economy into account and would provide families with enough to live a comfortable lifestyle. Raising minimum wage in the United States to $15 an hour would be a bad idea for three reasons, earnings per share in even large stores would plummet, it would drive unemployment to an all-time high, and it will not take the economy into account.

⭐The minimum wage in the US is $7.25 an hour, and in more than 25 states it is even higher! This is a big problem and even though some think that raising the minimum wage is good economics, it actually would ruin the economy and many of the US citizens’ lives. This is because increasing the minimum wage would have negative effects like food price increases, loss of job opportunities, and less incentive for a higher education.

People should not suffer any longer. MAny people are in poverty because the minimum wage can not house one individual. The United States should raise the minimum wage to 15 dollars per An hour. After reading numerous articles, magazines, and studies, i am Able to conclude that The following three reasons is why the United States should raise the minimum wage to $15. It would Increase jobs and economic activity, it would reduce poverty, and Reduce Government welfare spending. Imagine getting hourly pay that is hardly enough to buy lunch, much less feed a family.Many people have shared the personal stories of living on minimum wage. A WOMAn named anita has four children working minimum wage. Two of her kids have special needs. As a mother she wants to be with her kids. As a mother she stRuggles if she should go on doctors appointment with them or work for food. She debates this every day on her way. She quotes”you can’t judge people who are working, but still need to get help. I’m not a lazy person, trust me. A raisin the minimum wage is just about fairness, and about giving people a fighting chance to achieve the American Dream.”

economy, decreases dependence on federal assistance, and is supported by our citizens. The minimum wage increase must be phased in over several years. The best plan is to increase the wage over time by increasing it 33% of the total change per year (roughly $2.58 increase in wages every year). Over 25 million workers would benefit from a fifteen dollar per hour minimum wage. United States workers who make between $7.25 and 9.83 per hour (first phase) would immediately get a boost in income. The workers just above the new minimum wage would also get an increase in wages to maintain internal pay scales, as would their superiors and so on (Pacitti, 2015). This ripple effect can lead to up to 25% more income for low-wage workers than the new minimum wage. This leads to an economic

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

In 1938, the Federal Government established a minimum wage through the Fair Labor Standards Act, during the Great Depression. Its stated purpose was to keep American workers out of poverty and increase consumer purchasing power to help stimulate the economy. President Franklin Roosevelt, understood that the minimum wage should be a living wage, he stated “by living wages, I mean more than a bare subsistence level — I mean the wages of a decent living.” Today, the Minimum wage is critical for ensuring that hard work is rewarded with fair pay. However, its value has eroded substantially, factors such as inflation and rising prices are decreasing its purchasing power, and the minimum wage is no longer what it used to be, despite decades of economic growth. Today, a family can no longer live on minimum wage; and a single person working full time on minimum wage is barely above the poverty line. When President Obama gave his 2013 State of the Union address, he advocated raising minimum wage from $7.25 an hour to $10.10-yet a year later, this still hasn’t happened. For many working Americans a higher minimum wage will make the difference between living in poverty or not, furthermore it provides a stepping stone into the middle class for many families. If the minimum wage is increased to equal a current living wage, the income inequality gap will decrease and the quality of life for those living on minimum wage salaries will increase,

Everyone thinks that raising the current minimum wage to $15, then it will reduce poverty and help everyone as a whole. What everyone does not realize is that if that happens, then poverty might actually get worse and more problems occur. The whole point to raise the minimum wage is to give the workers more money so that they may live a little easier. The problem with this plan is that by raising the minimum wage companies will have to pay them more. They will start to increase the cost of their product or service to compensate for the increased pay. This makes raising the minimum wage completely useless. What is best right now is to keep the minimum wage as it is. For now it is neither doing harm or doing any good. It’s a good neutral for the time being.