Almost everybody can remember their first job. Whether it was being a cashier at a grocery store or a fry cook at a fast food restaurant, it is likely that they will all mention the satisfaction of getting their first paycheck, even if it was just minimum wage. Today, minimum wage buys about 20% less than it did in 1981, sparking many debates about whether minimum wage should be raised (“Raise”). Though both sides have compelling arguments, the facts show that raising minimum wage would not be beneficial to the country in the long run. In 2014, about three million people made minimum wage or less. Those people made up about 3.9% of all hourly paid workers (“Characteristics”). This is already an extremely small amount of people when compared to the rest of the population. Going further, 55% of those hourly paid workers making minimum wage or less were 25 years old or younger, and 63% of people making minimum wage or less were not the main source of income for their household (Dorfman). This means that the majority of minimum wage workers are “young, entry-level employees working for experience or a person earning extra money for their family” (Russell). If a majority of this already small group do not even need the money to sustain themselves, why should minimum wage be raised for them? …show more content…
Having a higher minimum wage would mean that the job is worth more, making the job market more competitive. Employers are now forced to spend more per employee, causing more skilled and experienced workers to be desired. Companies may even begin to lay off employees they can’t afford to pay or begin to hire less (Geraghty). The combination of less jobs with stricter requirements would leave inexperienced young people unable to break into labor force, adding to the growing numbers of unemployed workers
Imagine a single mother who has has the task of taking care of multiple children, all on a minimum wage budget. This mother’s mind is overwhelmed with worries. Will she be able to pay next month's rent? WIll she be able to put food on the table for all of her children. The single mother lives each and every day with this anxiety, and even with government assistance: Is it enough to live comfortably?
Before people push a minimum wage increase, they need to be totally aware of all of the positive and negative results and consequences that might occur as a result. The issue concerning what to do about the minimum wage has served as an ongoing controversy amongst several people. The federal minimum wage should not be raised for several reasons including the harmful effect on small businesses, the increase of poverty, and the augmentation of competition for jobs.
Raising the minimum wage would cause businesses large and small to be overwhelmed resulting in a decrease of sales, if the business has no revenue employees will then be replaced either by machines or more experienced workers.
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According to the U.S. Census Bureau, nearly 14% of the nation lives below the poverty line, the current population is 326,474,013, and 45,706,362 of the population lives in poverty every single day. One of the reasons why such a large chunk of the population is in poverty is because they are not being paid a reasonable salary for them to support themselves and their families. Raising the minimum wage can lead to problems, but gradual increases are made over time, it could be beneficial for millions of people around the nation. The positive effects of raising minimum wage is what makes it worth it. A raise in minimum wage can be beneficial; however, it must be a
Raising the minimum wage comes with two sides good and bad the good side is people would be getting paid better and making more money, and bad side would be product prices would increase. If the price of living wasn’t so outrageous we wouldn’t have to worry about minimum wage or the people below the poverty line. If minimum wage goes up inflation is most likely going to rise and it really wouldn’t make a difference then because the individual would still be in the same boat trying to afford things.
Raising the federal minimum wage allows individuals to be able to provide for themselves and their families without the need for some type of government assistance. One report explains that families with workers only earning minimum wage rely on those workers for 59% of the families’ total earnings (Fox). Many people associate minimum wage jobs as starter jobs for high school students, but the reality is that the number of college graduates working in minimum wage jobs has more than doubled over the past five years. The majority of people who are earning minimum wage are
Raising the minimum wage would cause chaos throughout the work field with higher class workers. All the workers would be in a panic. Rushing to get a job, or struggling to keep theirs. One researcher reveals that “Raising the minimum wage will make lower-end jobs more attractive to people with greater education and skills who may not have considered them before at a lower pay scale. Those better-skilled and educated workers will outcompete unskilled workers for jobs, further worsening the poverty of the least-skilled workers and forcing them out of the labor pool” (Reisman). Based upon this research, Reisman states “making lower-end jobs more attractive” and yes this is common sense, would a worker prefer work an easy fast food job for 15$
Minimum wage is a problem, but most don’t want to raise it. Raising minimum wage will be a big problem now and including the future. Raising minimum wage is a problem depending on a social hierarchy. For many years the U.S had had many protesters and this is a problem according to state officials. Family's around the world are surviving on as little as 4.25 an hour in this case people have to survive off of food stamps and family members. Job owners can choose to higher the pay due to a raise in the company or a downgrade will determine whether they will make below minimum wage. Minimum wage should be increased from 7.25 to 9.00 an hour because of the over qualified, educated, and experienced Americans who are now relying on minimum wage jobs as a result of the struggling economy. Also, increasing minimum wage could help stimulate the economy. But, in order to get the economy back on track the spending power must be in the hands of the Americans who in fact, spend. With today's tough job market most job seekers are willing to acquire positions they are considered over qualified for, even if it means taking a pay cuts. Therefore, an increase in minimum wage will ensure that low wage over qualified workers have the means for vital necessities like housing, food, transportation and health care. Last year more than 200,000 Americans with college degrees were working minimum wage jobs due to our struggling economy. Furthermore, an increase in minimum wage would help stimulate the economy by
“A nation will not survive morally or economically when so few have so much and so many have so little” (Sanders 1). One of the controversial topics in American politics today is the decision whether to increase minimum wage. Some people think raising minimum wage can only benefit them and our economy. You may be thinking nothing could be bad about having a few extra bucks in your pocket. What could be so bad about raising minimum wage? Minimum wage increasing would cause various issues in today's economy.
A primary problem with the minimum wage being increased is that it doesn’t provide a salary intended for people to live off of. Since the minimum wage’s inception, the goal has shifted from protecting unskilled workers pay, to giving high school and college students job experience before they build careers. For most people, minimum wage jobs are simply a way for inexperienced teens to make some money so they can start building the foundation of being able to finance themselves. In fact, although workers under age 25 represented only about one-fifth of hourly paid workers, they made up nearly half of those
Minimum wage is a problem, but most don’t want to raise it. Raising minimum wage will be a big problem now and including the future. Raising minimum wage is a problem depending on a social hierarchy. For many years the U.S had had many protesters and this is a problem according to state officials. Family's around the world are surviving on as little as 4.25 an hour in this case people have to survive off of food stamps and family members. Job owners can choose to higher the pay due to a raise in the company or a downgrade will determine whether they will make below minimum wage. Minimum wage should be increased from 7.25 to 9.00 an hour because of the over qualified, educated, and experienced Americans who are now relying on minimum wage jobs as a result of the struggling economy. Also, increasing minimum wage could help stimulate the economy. But, in order to get the economy back on track the spending power must be in the hands of the Americans who in fact, spend. With today's tough job market most job seekers are willing to acquire positions they are considered over qualified for, even if it means taking a pay cut. Therefore, an increase in minimum wage will ensure that low wage over qualified workers have the means for vital necessities like housing, food, transportation and health care. Last year, more 200,000 Americans with college degrees were working minimum wage jobs due to our struggling economy. Furthermore, an increase in minimum wage would help stimulate the economy by multiplying consumer spending without expanding the state
For many decades now, there has been heated debates concerning minimum wages and increases in those wages. Most people have a tendency to assume that when the minimum wage is increased people will benefit. They do not stop to think of the consequences that come from minimum wage increases. The general population merely assumes that people should make an adequate amount of income and never stop to consider the consequences, nor do they stop to consider alternatives. A rise in minimum wages is not necessarily the best approach to helping the poverty stricken individuals in this country. The following paper presents an overview of various problems concerning raising minimum wage, finding that
Minimum wage is different across the United States and varies depending on the cost of living for that particular state. There are currently 5 southern states who have not adopted a state minimum wage. Those states are: Alabama, Louisiana, Mississippi, South Carolina and Tennessee. Presently, there are 29 states have minimum wage rates above the federal minimum wage. I currently live in Germany but my home of record is Arizona. The minimum wage in Arizona is $8.05. Arizona is one of America’s fastest growing states. With a booming economy and a diverse population, Arizona’s cost of living is somewhat low compared to the rest of the United States.
Setting a floor on wages inherently limits the freedom to negotiate between an employee and an employer and directly contradicts the popular and pragmatic philosophy of laissez-fair capitalism. The minimum wage rose to prominence during the Great Depression, as politicians desperately needed a drastic solution to alleviate the effects caused by history’s worst economic downturn. Modern economists heatedly disagree about the idea of a minimum wage and passionately argue over it more than any other topic. Ambitious and often uninformed politicians espouse support for legislation for an increase to the minimum wage without considering the rippling effects that a wage floor has on the broader economy. According to numerous scientific studies and accurate and varied analyses of major world economies, a standard, governmentally-mandated minimum wage set at an equal rate for all sectors in a national economy increases productivity per worker; however, it also directly increases unemployment, decreases the relative pay for skilled workers, with