Raising 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.

The topic on whether the minimum wage should be increased our untouched has been a hot topic in the media and political scene lately. Both the republicans and democrats have spent some big bucks lobbying their insights on the matter. There has been a lot of subjective and objective arguments that are reasonable on both the pros and cons of increasing our national minimum wage. To add to the drama associated with this topic, President Obama endorsed a bill proposing a nearly 40% rise from $7.25 to $10.10 per hour. The President has been campaigning around the country ever since his State of the Union address, pushing congress to raise the minimum wage to $10.10 an hour. Many say this is too high due to the costs of enacting such an increase, and many say this is a little low due to the increased cost of living. After looking into both sides of this debate, I realize that overall it would be better for the well-being of our nation to increase the minimum wage due to the short term and long term costs that an increase of the minimum wage could lead to. In terms of helping out the lower class and poor citizens of the United States, increasing the minimum wage level is not the answer.

As the cost of living is raising every day, it is really important to raise minimum wage as well. Through the years, there have been questions about this topic, but no changes have been made. Some people do not realize the importance of minimum wage or even its history. It is a real struggle for many people because they are living in poor conditions making around $200 a week. That is a real struggle for those trying to provide for their family. They have a really hard time trying to make it till the end of the month. They are afraid and worried at the same time because they cannot pay their bills in time or even go to the doctor if they get sick. Increasing the minimum federal wage could make a difference for those living in unfortunate conditions.

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.

On November 9th, the voters of Maine chose to boost the states minimum wage. Raising the minimum wage intends to increase the living standard of low-level and low-skilled workers, specifically in service-sector jobs. However, sometimes it hurts the people it intends to help. Many economists have debated what the minimum wage should be that would benefit both the economy and society. Starting with John Maynard Keynes, economists have argued about the minimum wage for decades. Traditional economists argued that the labor market is in balance at equilibrium, however, Keynes argued that settling at equilibrium would not improve the labor market situation or properly stimulate aggregate demand.

In addition to raising wages and establishing safer working conditions, enforcing unionization nationwide can also can also create better benefits for the working population. Unions have played a major role in regulating overtime pay and minimum wage. Recently, activists and labor unions have been fighting for minimum wage to rise to 15 dollars. Raising minimum wage would lower the poverty rate in the United States. In a study conducted in 2013 by the University of Massachusetts at Amherst, “economist Arindrajit Dube, PhD, estimated that increasing the minimum wage to $10.10 is ‘projected to reduce the number of non-elderly living in poverty by around 4.6 million’” (Should). Under the Social Security Act of 1935, unemployment insurance (UI)

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.

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

There are many reasons minimum wage should not be increased. The first reason, the unemployment percent will raise. The unskilled teens will be struggling to get their first job. Then, the prices will increase to balance everything to the minimum wage earning. Workers are still going to struggle to buy their needs, when the cost of goods is raised too. Third reason, minimum wage does not help the low-income families. The low-income family’s percent is high that most are unskilled to a good job. Minimum wage should not be raised because the unemployment will raise, the prices automatic boost up, and it will not benefit the low-income families.

Many minimum wage workers are pushing for an increase in the lowest amount that they can legally get compensated per each hour worked. When it comes to raising the minimum wage, people do not take in consideration all the things that could happen as a result of it being increased. Raising the minimum wage could have a disastrous effect on businesses that have a large amount of unskilled workers. These businesses would have to increase not only their minimum wage workers but the wages of all levels of employees. Almost all businesses have minimum wage workers. Therefore, almost all goods and services could increase in price. Everything from food, to games, to toys, and even living expenses would rise in price. Minimum wage should not be increased because people want it to be raised. Increasing the minimum wage would not be beneficial because it would result in an increase in the price of goods and services, result in the reduction in the number of jobs offered to unskilled workers, and cause complacency in the workforce.

The minimum wage has grown twenty two times since it was first introduced in 1938.

One of the major reasons that raising the minimum wage is a good idea is, because of the amount of money that it would directly put back into the economy. It is important to point out that paying people more money would not only put more money in the pockets

American teenagers rejoice in happiness for the ability to buy whatever they want with a minimum wage increase… is what is to be expected with the increase of the federal minimum wage minimum wage, but while everyone loves being able to buy that new video game on release, how does this put everyone, including the teen, at an economical disadvantage? Low wage citizens and those who live in poverty might argue that raising the federal minimum wage of $7.25 would make their lives easier to economically maintain due to the raise of money gained, but that is simply not true. Therefore, so that inflation/higher production costs doesn’t devastate the national economy of the United States, the minimum wage should not be raised any higher than what it is currently placed at.