Raise Minimum Wage

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.

With the minimum wage set at $7.25 dollars per hour many people are struggling to make do. The average cost of living in America is too much for people, who make minimum wage, to make ends meet. It’s thought that raising the minimum wage will have a negative effect on the unemployment rate but there has been no evidence of that. The value of the minimum wage has dropped immensely since 1960. Raising the minimum wage will be beneficial to America and its citizens. In 1968 the minimum wage was equal to $10.74 today. That means in 50 years the purchasing power of the minimum wage has diminished. From the end of WWII upto 1968 minimum wage was on pace with the average worker productivity rate. If this trend was true from 1968 to today and worker

The debate over raising the minimum wage has been a hot topic ever since President Obama introduced the bill at the 2014 State of The Union Address. He intends to raise the minimum wage from $7.25 to $10.10, an increase of over 40%. While the President claims this idea to be beneficial to the economy, studies show otherwise.

“Raising minimum wage doesn’t just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the scale. Let’s get the facts straight, only twenty percent of people making the minimum wage are teenagers. The rest are hard-working adults, many of them have families, and I mean hard-working” (Biden). Studies have shown that increases in minimum wage prove that the public is overall safer and healthier. Many reports show that seven dollars and twenty five cents, the current minimum wage is a “startvation wage” and is not enough to keep families out of poverty (washington). Minimum wage in Illinois should be raised to benefit the people.

Who knew that minimum wage could save the world and the people in it? The last time minimum wage was raised on July 24, 2009, and that when it rose from $6.55 to $7.25 per hour, How have we been living on $7.25 this long? We haven't been living on it we were trying to survive and a lot of people can’t survive on a minimum wage that low. Raising minimum wage to an amount that could actually let people live comfortably would help the economy and a lot of people who struggle in this economy. This is not all that can help but raising the minimum wage can be the start of a lot of problems that deal with job growth, reducing child neglect, and poverty.

During the 2008 Global Recession, the employment rate for young adults and low skilled workers disproportionately, and once the recession had eased the employment gap based on education worsened significantly. In 2016 Presidential election raising the minimum wage became a key policy issue for the Democratic Party to help give those workers who were hit the hardest during the recession a much needed income boost. During the 2016 Democratic National Convention the Democrats agreed to add a $15 minimum wage into the party’s platform, taking a pivotal step sought by Vermont Senator Bernie Sanders and labor Unions. When it comes to raising the minimum wage and what it would do to U.S. employment, prices and productivity. Economists are willing

Others studies also report that women are impacted more than men. Two thirds of all workers being paid at or below the federal minimum wage are women. This has been continued in a lot of companies, where there still give more rights to men than women for the same position. This means that 67% more women work minimum wage jobs than men. So, this will really affect women because they will be still doing the same amount of work or more work than before and getting paid less than men.

The minimum wage has been a topic of discussion for decades. It was introduced in the Fair Labor Standards Act in 1938, originally set at $0.25. It has since been raised 29 times. The current federal minimum wage is $7.25 and was set in 2009 (11). This is the reason many people are upset with the wage not increasing. It would take $8.09 in 2016 to equal the $7.25 from 2009. The minimum wage needs to be increased to boost the economy and lift families out of poverty. However, the minimum wage should not be increased to more than $10 per hour to prevent an increase in the price of consumer goods and prevent a spike in high school dropout rates.

Minimum wage is the minimum hourly wage an employer can pay an employee for work. Minimum wage helps people pay for things they use or need every day like food, clothes, and their homes. In some cases and for certain people the the federal minimum wage is not high enough for them to live on. In this paper I will argue that minimum wage should be increased to benefit people in a variety of ways, both socially and economically. Increasing minimum wage will also help cut down on government spending and pull people out of poverty.

In my opinion, the minimum wage is absolutely necessary. Whenever there are talks of raising it, however, many are appalled by the notion, but, people rarely argue that their employer should pay them less. The minimum wage today is too small and should be raised to a more reasonable amount.

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

Throughout history, the lower class of society has always gotten “the short end of the stick” and been taken advantage of by the upper and more wealthy class. Hard working citizens that work long hours, yet receive low pay. Sometimes the person might have to work two jobs to provide for their family and put food on the table. The movement for lower class to strike back is happening and is growing every day. The movement for a raise in minimum wage is on the rise and the people are supporting it. Raising the minimum wage helps with the many problems associated with minimum wage jobs. Minimum wage presents many problems for the average lower class citizen including shelter, health insurance, and food.

Have you ever wonder about people who works hard at their jobs and don’t get enough money? My friend's mother is a single parent with two child one is in college and another one is in high school. She works at the Macon County Elementary School as a special need teacher. You can say that most teachers don’t make a whole a lot in the middle Georgia area. She doesn't have enough to pay for daughter college funds or give her son his needs for school. She also struggles to pay for rent, car insurance, and other bills. Most of her family isn't from here so she really don’t have many relatives to support her. Increasing the minimum wage can help families who are struggling with living issues, decrease the unemployment rate, and help businesses with the cost of living.

It is a good economic policy to increase the minimum wage for low income earners. Increase the minimum will help these individuals get out of poverty, make a good living and afford better health care coverage. In addition increase the minimum wage will help individuals to take care of themselves and stop rely on social program and government assistances. Thus at this point the big concern is to decide how much to increase the minimum wage.

Although there is a great deal of disagreement about how to regulate the minimum wage in America, statistics indicate that the minimum wage has not been keeping pace with inflation. “The federal minimum wage is just $7.25 an hour and hasn’t been raised in three years. But a raise is much more overdue than that. If we look at the minimum wage 44 years ago, and simply adjust it for inflation, it would be more than $10 today.” However, there is tremendous resistance to raising the minimum wage, because of the belief that to improve the economic recovery, workers must be ‘cheap’ to encourage businesses to buy more labor. According to classical economic theory, as supply increases in the form of unemployed labor, labor prices should be allowed