Problems With Minimum Wage Essay

Do you feel that the minimum wage is often too low in North Carolina for not only teenagers, but for adults providing for families as well. Do you think that the minimum wage should be raised a few dollars to allow citizens working on minimum wage to pay for college, save for insurance, buy food, and pay for rent? The average citizen must work hours on end to provide enough money to live sustainably. Thousands of kids live in poverty, and barely have enough food to stay nourished. These are the reasons on why we should raise the minimum wage.

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.

The minimum wage is one of the most controversial issues on our country, which is United States has been facing last ten years. There have been never ending debates over this issue until the government, company, and others party stand together, and raise the minimum wage throughout the nations. There are communities that believe raise the minimum wage has negative impact of every sector of the country. Other communities have different beliefs over the issue, raising the minimum wage helps the poor people, and would help not hurt our economy.

The selling point that has brought people to the United States for centuries is the American dream: Prosperity, Luxury, Opportunity, and so on. Unfortunately for many, this dream has been squandered by the receding economy of an indebted country. As inflation runs rampant, the value of the U.S. dollar decreases, lowering the value of household and business incomes. This economic recession has led many, especially those who only earn the minimum wage, to poverty. According to the United States Department of Labor, “The federal minimum wage is $7.25 per hour” (“Wage and Hour Division”). Some people believe that a solution to this problem is to raise the minimum wage; however, doing so would ultimately result in a negative effect on the

Franklin Roosevelt introduced minimum wage as a part of Fair Labor Standards Act of 1938. The purpose of minimum wage were to prevent poverty and to stimulate the economy by increasing consumer’s purchasing power. However, in 2015, 78.2 million workers were paid hourly, representing 58.5% of all workers in the United States. Among those people, 870,000 workers earned the minimum wage, $7.25 per hour and 1.7 million workers earned below the minimum. In total, 3.3% of workers earned exactly or below the minimum wage. For years, there have been heated debates about whether the government should raise the minimum wage. In 2016, California, New York, and Washington D.C. agreed to increase the minimum wage to $15 per hour. Some people think raising the minimum wage will decrease poverty and improve the workers living. Instead, raising the minimum wage will make the job market more competitive and it will increase the poverty level. When minimum wage was raised to $10 per hour, it benefited 16 to 24 million people while half a million workers lost their job. Rather than improving, Faces of $15 will damage the U.S economy and deeply hurt living condition of Americans.

The federal minimum wage should be raised $10.10 an hour. The reason why the federal minimum wage should be raised is because having a job extremely hard as it is, therefore the government should contribute into helping the citizens and make their lives better. Looking for a job is very difficult and once people have found a job than it should pay enough for their well living and other aspect of their lives. People are constantly complaining about how they are not getting paid enough, but are required to work at least full time to pay their utility bills, phone bills, gas bills, etc… I myself have been working hoping to find a decent car for legitimate transportation; which

$7.25 equals two gallons of gas, one fast food meal, or a simple school supply. With the minimum wage at the current rate you must work one hour to earn the seven dollars and twenty-five cents that only supply you with small necessities for everyday living. This problem was encountered before and was resolved with the agreement to higher the minimum wage from $5.85 to the current $7.25. Although that was a big increase in salaries, was it truly enough? This controversy can lead to a major change in everyone’s everyday lives and boost our economy to a period of prosperity. The minimum wage should be increased to bring our economy out of a recession, bring families together,

The minimum wage in the United States has been an ongoing controversy for many years now. The first minimum wage was established in 1938 (Reich, 2015, P. 3). That minimum wage started out at .25 cents an hour; compared to today’s higher wage of a government standard of $7.25 an hour. Many people believe that the minimum wage should be more so that those who live below the poverty level in the United States will decrease, however in many other people’s opinions the minimum wage should be the same. The minimum wage should stay the same at a low $7.25.

I've seen this video circulating on my feed lately which criticizes Robert Reich, award winning economist and Bernie Sanders supporter. I'm no economist, but allow me to throw in my two cents. Don J. Boudreaux, the economist behind this video, believes insider trading is "healthy for the market and helpful to investors", and that reckless spending by Wall Street is good for the economy (Reminder: the type of carelessness that lead to our major housing market crash, which we taxpayers had to dish out trillions to Wall Street for the bailouts. Causing millions of Americans to lose homes, jobs, 401k's, etc.) As a scholar, Boudreaux has published multiple scientific papers. However, in the world of science, the level of relevance you have in your field of

Opening Paragraph, Thesis Statement: Throughout these long meetings being held and every one making their case as to why minimum wage should be increased; the President and the Executive Branch wants to raise the minimum wage to make sure everyone could make ends meet, Congress and the Legislative Branch has explained that it is time for minimum wage to be raised because it has not moved in seven years to this date, and the Supreme Courts and the Judicial Branch has denied the opportunity to even look into the case that has already been decided on.

In public discussion, the minimum wage is a frequent topic debated by policymakers; in the recent presidential campaign, candidate Bernie Sanders even made a $15.00 an hour minimum wage part of his platform. According to Adam Smith’s theory of economics, the invisible hand of market forces, or bargaining between employers and employees, should lead to a fair wage (Ryan 3). However, a significant amount of evidence points shows that market forces are not enough for some to sustain the cost of living. The minimum wage is shown to improve overall standard of living, mitigate economic inequality, and has few negative externalities, despite the arguments of those against the minimum wage such as job loss, loss of profit, and trust in market forces. The minimum wage is necessary, and the most efficient wage policy keeps a person out of poverty, adjusts for cost of living, and is as location-specific as possible.

According to Patton, the government the minimum wage permitted has been as a result since The Great Depression. As of late, it has turned into a fervently issue. Would it be advisable for minimum wage to be raised or not? Some inquire as to whether it should exist by any stretch of the imagination (Patton, 2016).

The national minimum wage was introduced in the UK in April 1999 by the Labour government. Essentially it formed a major part of their manifesto as it convinced the average population that Labour were beneficial for everybody. However, they would argue against classical economics and suggest there are wide spread benefits to be gained. The main argument is that the NMW would alleviate poverty across the country.

Today we live in a society that tells us what and when we can do it, with the complex of living in the United States which is supposed to be the land of the free. The cost of living now these days have put those who only make minimum wage in poverty stricken situations, which now they have no choice but to depend on the government to live. We either have to lower the cost of living so that people can live a somewhat sustainable life, or raise the minimum wage so that we can afford the cost of living that is provided to us.

"They work hard every day; they stock our store shelves, wash dishes at our restaurants, clean our offices at night, care for our kids during the day...They have in common the minimum wage. And they need a raise, and as you saw, they deserve a raise" (Clinton). President Clinton made this speech on the south lawn of the White House at 10:30 a.m. on the 8th of March 2000. He argued for the minimum wage hike to go into effect. He argued for the population of the United States who worked at the federal minimum wage. But was his argument feasible? Would it be practical to raise the federal minimum wage from its current status of $5.15 an hour, to $6.15 an hour?