Pro Minimum Wage Research Paper

Although many Americans are aware that our country suffers severely in the category of poverty, minimum wage is not factor that many turn to think as a fault. They claim to know about minimum wage; however, it is merely a blank claim because they have neither experienced the hardship under a cap of expenses nor does the issue affect them. In fact, this issue is detrimental to our country as we are slowly falling into unemployment and homelessness. In Barbara Ehrenreich’s book, Nickel and Dimed: On (Not) Getting By in America, she states that minimum wage had fallen back comparing to the living cost in the 1900s; however, this statement is still true today. Enrenreich is a reliable reporter who travels to three different cities with contrasting backgrounds. She tried to experience the life of a minimum wage worker in order to accurately report the inside scoop of a life that most Americans do not know to exist. As a supporter of her claim after realizing the way our country has been living, I too believe that minimum wage does not fulfill its purpose and should be raised, as it does not serve enough to cover even the essential expenses.

To start off, the minimum wage needs to be increased as soon as possible in order for it to compensate to the inflation of prices seen over the years. Prices are constantly on the rise and that is due to natural inflation that reflects the U.S. economy. However, what hasn’t been changing is the minimum wage. Currently, the minimum wage does not automatically adjust to inflated prices. Instead, for the wage to rightfully increase congress must pass new legislation for there to be a federal minimum wage increase to take place in the country (“Minimum Wage”). The problem here is seemingly apparent. Prices keep rising but the minimum wage still remains stagnant. This causes countless numbers of families to face a dip into the poverty level and worry no longer about being able to support and sustain their family. No parent should ever have to face a grim reality where there is seemingly no feasible hope for their children to live

Being a citizen of America has become expensive for a majority of people to survive. In today's society, in order to survive people would have to work for money to purchase items to live; items such as food, water, electricity, and medications. Although people have to work to make the currency to live, the amount individuals get paid are not enough to sustain their life.

A dictionary defines the minimum wage as the lowest wage permitted by law or by special agreement. Many states across the nation have different minimums. The highest minimum wages paid in US states is District of Colombia, which is 12:50 hourly, but still, a lot of people are struggling to survive. The majority people live in the United State are get paid with minimum wages. There are two main things about minimum wage, which are raising money for employees, and allowing low payment for the people who are getting paid minimum wages people.

In todays back and forth economy it has become increasingly more difficult for a person to support a family, much less themselves, solely on the income from a minimum wage job. With federal minimum wage sitting just over seven dollars an hour, those tasked with budgeting these kind of meager earnings have begun to question why they dont deserve more pay. Some states have their own laws with discretion over minimum wage pay, and 29 states and DC all currently have minimum wage standards higher than the federal standard, but not necessarily by much. Those working labor jobs, where minimum wage is the compensation they receive for their time and energy, are struggling to afford such basic necessities as housing and food, even when they work

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 cut. 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 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 multiplying consumer spending without expanding the state

Minimum Wage salary rising is an extremely common topic that is talked about on a daily basis. This affects many people my age (16+) as well people who do not have a college degree. I read an article written by Andy Puzder that is titled “The Minimum Wage Should Be Called the Robot Employment Act.” This article discusses this issue as well as brings up good points about replacing minimum wage workers with robots. If the government raises minimum wage more, entry level positions will vanish and be replaced with technology.

The federally mandated minimum wage has been a divisive political issue in American politics since it first came into effect in 1938 under the Presidency of Franklin D. Roosevelt. FDR advocated for the minimum wage with the argument that “all but the hopelessly reactionary will agree that to conserve our primary resources of manpower, government must have some control over maximum hours, minimum wages, the evil of child labor, and the exploitation of unorganized labor” (Greene 2013). This idea led to the passage of the first minimum wage law in American history, twenty five cents an hour (Greene 2013). Prior to the passage of this law, several state minimum wage laws had been struck down as an unconstitutional prohibition of workers’

Like anything, labor is a commodity. It has costs, a fixed supply, and a shifting demand. The goal of any business is to find the equilibrium point of this commodity. For every business, that will be different. But if the minimum wage reflects social needs over economic needs, then it is artificial. Although the idea of Congress raising the federal minimum wage is well-intentioned, its effects on states with varying costs of living will be radically disproportionate, while a wage that is too high will lead to negative consequences for consumers, employees, and businesses alike without stimulating the economy, ultimately hurting the very people the wage hike seeks to help.

On June 1st 2014 minimum wage was increased by 75-cents thanks to more than a year of organizing across the province. Even with this increase from 10.25 to 11.00 per hour, more than 16% of full-time workers are still left living below the poverty line. Not only are employees’ lives being deprived but also their families. This is a moral imperative, but also it is an economic issue. How will increasing minimum wage better society? A strong minimum wage can help businesses, our economy recover and working families.

With many people in the modern day working for minimum wage jobs, especially young adults, there has been an outbreak in protests with many working under these conditions arguing that the minimum wage should be increased from 7.25 to at least 10.00 dollars an hour. It is found that “45% of minimum wage workers are aged 16-24” (US Department of Labor). What is not known to this age group and others working in minimum wage is that there can be unpredicted consequences of raising the federal minimum wage. This list of cons that can come along with a rising minimum wage includes the forcing of businesses to lay off workers, the hurting and closing of businesses, the rise in consumer good prices, and the tendency for companies to replace workers

IT PAYS (A LITTLE MORE) TO FLIP BURGERS DOWN UNDER (6th ed., Vol. 162, pp. P99-101; p3). Newsweek Global.

Outsourcing of most manufacturing has led to the creation of a service based economy. This can be unfavorable to wages as they are dictated by productivity. How can service based occupations see an increase in wages? The answer lies with the Baumol Effect where wages will have to be competitive in order to get the workers to meet that need.

I am sure there isn’t an unaccompanied individual making minimum wage who would not want a raise in their hourly pay, but is raising the minimum wage an advantageous proposal? According to Andrew Cockburn,” raising the minimum wage would stimulate the economy and create jobs” (907). This sounds like a great solution, but there are several other components we need to analyze on how this will negatively affect certain social classes and institutions, as well as the economy itself. These components include inflation, the result of hardships that specific social classes equally would face, as well as the detraction of the higher education system.

To control price that involve all over the country, the government may implement a legal restriction either low or high a market price that will go very well to achieve the equilibrium price. According to Economist, the maximum of price is called a price celling, and the minimum price limit is called price floor. One of example of price floor is minimum wage. “The Minimum wage is a legal floor on the wage rate, which is the market price of labor” (Krugman & wells, 2015, p.141). Depend on the country’s economy, the government ensure to their people to a live the minimum quality of life and to maintain a secure fair wage in a various job. Based on the country’s economic, the government insure that weather increase or decrease the minimum wage conceding the availability of jobs with the