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.

By raising the minimum wage some people will no longer live below the poverty line, the amount of consumer spending will increase and more people will be in better health.

The government spends millions of dollars supporting poor families every year. Since the government is already in an estimated $19.4 trillion debt as of 2016, raising the minimum wage would be a way to save them money and pay back some of that debt (Lantigua-Williams). By raising the minimum wage to $10.10, 1.7 million workers would no longer need governmental support to be financially stable. With this amount of people no longer needing the government's help, the government will have extra money to use. Just from the increase of minimum wage, the government would save $4.6 billion from not having to send out as many food stamps alone. And over just one year, the increase in pay would reduce the government spending on income-support programs by $7.6 billion (“Should Federal Minimum”). The government will be able to use this money on other important things that will help the country grow and

First, we are huge fans of yours and we can't wait until you become President of the United States! We are emailing you because we would like you to hear our views on the minimum wage issue. We have learned that the purpose of minimum wage is used to stabilize the economy and to protect the workers in the labor force. We know that you are in favor of raising the minimum wage to about ten dollars which seems fair and reasonable. We also know that you want to create more jobs which would be more attainable with your minimum wage plan. We are all in agreement with your plan for minimum wage and know that it would make life much easier for those Americans whose only source of income is a minimum wage job.

The minimum wage has always been a crucial part of American economics, being a hot topic for debate. Recently, the idea of increasing the minimum wage to $10 an hour has sparked a great deal of controversy. These debates have jumbled American politicians and citizens around, trying to decide what they believe is the best way to approach the topic. Most Americans believe that the minimum wage should be increased, according to Pew Research Center, 33% favor and 40% strongly favor this raise. This can cause problems for many people without them realizing the consequences. The increase in minimum wage to $10 an hour would be detrimental to the United States economy, if passed it would result in increase of costs for businesses, unbalance of the

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.

In the article,”The Negative Effects of Minimum Wage Laws,” embodies the following,”If the government requires that certain workers be paid higher wages, then businesses make adjustments to pay for the added costs, such as reducing hiring, cutting employee work hours, reducing benefits, and charging higher prices.”(Wilson). The raise will only benefit some workers. The working schedules will be changing and hiring rate may decrease depending on the business the low-income workers are at. At this point, the businesses will only obtain skilled, low-income

There will be inflation or rising costs for basic necessities such as housing, food, utilities, transportation and child care. Because of inflation, the minimum wage forces most of the people into poverty. If a person works full-time and his minimum wage is only $14500, and if he has two children this income is more than $4000 below the poverty line. So, increasing the minimum wage would rise almost a million people above the poverty line. But if minimum wages increases, it would result in the loss of jobs because employers would lay off workers to offset the additional labor cost. But, raising the minimum wage has multiple benefits. As an increase to minimum wage moves families above the poverty threshold, their need for public assistance

well-being is not treated as an integral part of the whole. Instead, the forgotten wage a daily

Did you know that the Federal minimum wage for employees has been $7.25 since June of 2009? In modern society, poverty and inflation are common substantial problems. Many people think increasing the minimum wage will corrupt businesses and employers by forcing them to make cost cuts and increasing inflation, while others think it will reduce poverty and inflation by increasing individuals income. For instance, according to the Los Angeles Times, Lissette Rowe, a 30 year old psychology student from Georgia, earns $7.25 an hour, making subs for a sandwich chain, but she still relies on her family to help pay her bills, provide food stamps, and money for her basic housing needs. By increasing the federal minimum wage it can help Americans afford basic needs without having to struggle through life.

Imagine a world without your favorite fast food restaurants, without your favorite clothing shops, or even some of your favorite companies that you buy many products from. As well as the losses of your favorite products, many jobs would be unavailable for you in the future. What would it be like if most (if not all of them) were just gone? That world is what it would be like if we raised minimum wages to $15 an hour. “Today, people are trying to help fast-food workers. They want to raise their wages to $15 an hour. The problem is, it will only hurt them” (Source 2). Minimum wages should not be raised because many businesses would fail due to money losses. Also, less started jobs would be available for young adults and teens. Minimum wages should

“No person can maximize the American Dream on minimum wage” (Todd). For several years, minimum wage has been an issue among the citizens and politicians in agreeing on the exact value. This is based on the reason that minimum wage determines living standards for the population as well as the economy of a country at large. Minimum wage is regarded as the lowest level of remuneration that employers are needed to pay their workers under various legal jurisdictions. Currently, almost every person in the US including the wealthy, middle income and the poor have a great urge for having an increased pay per hour due to the current economic demands. Therefore, based on the needs of the populations and looking at recent economic studies and research,

I think a better alternative to minimum wage for low to moderate income families is to expand the earned income tax credit (EITC). I believe this would be more beneficial because eligibility is based on total income of the family and factors in their number of children rather than being based off an individuals income. I think that if EITC increased and wage subsidies increased it would promote business, create jobs, and encourage employers to raise wages. Another solution would be to give small businesses tax reductions giving the owners incentive to higher more employees and counteract job loss that raising minimum wage brings. An alternative to rent control is subsidized housing for low-income families. It is available to those making

Raising the minimum wage from $7.25 to $10.10 is not a good idea. The unintended consequences that would come about as a result is reason enough to shy away from such a proposal. Those who support an increase contend that it will alleviate poverty. Suppose these advocates are right and a spike in the minimum wage does reduce poverty for some fortunate workers. This positive development will be offset because an increase in the minimum wage will further price out inexperienced workers from the job market, resulting in an increase in unemployment and, ironically enough, poverty. It is a classic catch-22 situation. When all the negative effects are taken into account, is an increase in the minimum wage a wise policy decision? As expounded further, no it is not.