Raise The Minimum Wage Essay

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.

The people of America need to afford to live. Millions of minimum-wage workers today live in near destitution. Minimum wage workers are not paid nearly what they should be to survive. The minimum wage being raised to fifteen dollars an hour helps the U.S. economy, reduces the number of people in federal assistance programs, and is supported by the majority of U.S. citizens.

The first reason for raising the minimum wage is because it will help the government to save million dollars. As David Cooper states: “new report from the Economic Policy Institute indicates that raising the federal minimum wage to $12 by 2020 would lift wages for more than 35 million workers nationwide and generate about $17 billion annually in savings to government assistance programs.” By saving this money, the government could improve the economy by using this money as a part to improve access insurance or to improve school lunch.

The people of America are all for raising minimum wage to fifteen dollars an hour but what the people do not know is that raising minimum wage is not going to help the people in poverty. Raising minimum wage is only going to hurt the people in the middle and lower class by making the cost of living go up, leaving the people with education based jobs making around the same income, and creating a bigger career mess.

When someone makes $15 an hour, they have more opportunity to put that money back into the economy. spending $15 an hour on employees, we would see our GDP rise as well due to the sheer fact that more money is being paid for services and more goods are being bought. People believe that having the minimum wage raised would mean that jobs would be lost, but that is false. That extra money would go to buying goods and services, so there would essentially be a higher need for workers because of the higher demand of goods and services.

In order to protect our workforce and the economy of our nation, the minimum wage cannot be raised to $15/hour. Doing so would would have a detrimental effect on the workforce by jeopardizing jobs and restricting people from escaping the grasp of poverty. In order to successfully reduce poverty through economics we must also understand who utilizes the minimum wage, and successful alternatives to raising wages that are available.

"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty."

While I think that the minimum wage should be raised to $15.00 an hour, Mark Perry, a scholar at AEI and a professor of economics and finance at the University of Michigan 's Flint campus, argues “Seattle’s new minimum wage law takes effect April 1 but is already leading to restaurant closings and job losses” (Perry). Perry wants us to know that the Seattle’s new minimum wage law is “a government-mandated wage floor that guarantees reduced employment opportunities for many workers,” and increasing the minimum wage will surely leads to small business closing and job losses (Perry). However, what he said is erroneous, and a recent report written by Michael Hiltzik, an American columnist and reporter, won a beat reporting Pulitzer Prize in 1999 and won a Gerald Loeb Award for Distinguished Business and Financial Journalism in 2004, also validated this statement.

To start off, raising the minimum wage would put greater prices of many food items. According to ThinkProgress.com raising the minimum wage to $15 an hour would result in food prices to be increased by 4.3 percent. That 4.3 percent increase may not seem like much when you add it to a four dollar cheeseburger, but when

The minimum wage is one of the most discussed issues around the country. Everyone has a different opinion if raising the minimum wage would help families across the country to have a better lifestyle or if would cause an unbalance in the economy. Democrats and Republicans have a different view on this issue, while Democrats supports raising the minimum wage by $15 an hour, Republicans have stated that they refuse increasing the wage because it would leave different factions of Americans outside of job opportunities and it would cause an unstable economy. The current presidential candidates, Hillary Clinton from the Democratic Party and Donald Trump from the Republican Party have differed in their opinions about the raising the economy with the minimum wage. In order to make a huge decision in the economy of the country it is necessary to see the facts and numbers to evaluate which decision would make the economy stable and grow equally.

As the presidential election approaches, topics like whether illegal immigrants are taking American jobs and rising the minimum wage have frequently surfaced on the front page of our daily newspaper and dominated our social media feeds. While these issues have numerous political implications, the center of the discussion is essentially about labor which leads to production, money, and driving the economy. Looking at labor, it is really important to examine labor supply because it shows the number of people willing and able to work in a particular job for a given amount of money, or wage. The number of people willing to work influences how much the economy can produce in terms of physical products and nontangible services like teaching. A labor supply curve is drawing out and connecting

During the course of providing HACCP training certification classes, we hear many MN certified food managers discussing how a rising minimum wage may impact their businesses. This is a hotly debated issue, especially in light of recent attempts to place a 15 dollar minimum wage initiative on the upcoming November ballot in the city of Minneapolis. Recently, the Minnesota Supreme Court ruled that a minimum wage increase cannot be legally raised by the voters, but must be established by the city council. Even so, since the food service industry hires a high-number of minimum wage workers, we felt it beneficial to briefly explore the issue.

Some people don 't see how increasing the minimum wage can boost our economy so the best way to demonstrate it is through history. Our economy has faced many challenges through the years since it’s founding in 1776, but it’s most difficult challenge to the economy would be the Great Depression. After the stock market crash in 1929 people pulled all of their money out of the bank and horded the money they had. This caused the economy to become even more damaged because our economy depends on consumer spending. By increasing the minimum wage to fifteen Dollars a hour

“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”

A bill increasing the current minimum wage is greatly needed, and our government officials should demand a raise due to the increase in the cost of living, as it’s no longer realistic. We need higher paying wages for all, middle and lower class income levels. Without some sort of help and support from our government the economy will only get worse. Students will not be able to afford the cost of school and living. Single family households will not be able to support their selves.