Raising Minimum Wage Research Paper

There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.

This has been a discussion for the ages. The debate over raising the minimum wage has been a hot topic. Raising minimum wage would reduce poverty, be better for lower paid workers, and to reduce expense for social programs.

The impact of raising the minimum wage would be good but i disagree the reason why is if the minimum wage go up businesses will have less workers and the prices will go up on everything like gas , clothes , shoes , food , rent etc. and for people it will affect them because it won’t be a lot of jobs and there and it would not be ok cause more people will be homeless and not have the money to take care of themselves or their families.They created minimum wage in 1938 it was a law to pay legally to works with a certain jobs.

The economic effects of raising the minimum wage can be damaging, but I believe the benefits of it outweigh the negatives. Those who tend to live on the minimum wage - fast food workers, retail employees, ext. - tend to spend most to all of their income. By raising their wage, they are able to 1. spend more and 2. possibly invest more. This would have a ripple effect throughout the entire economy - leading to raises for everyone. It is

​Increase in the amount of the federal minimum wages distributed to working American’s can affect the process of the economy as a whole. What is minimum wage you ask? Minimum wage is the minimum amount of money paid to you at a job. It is a set amount of money that is illegal to go under when paying an employee for work. In the United States of America the federal minimum wage varies from $7.25 to $9.19. The federal minimum wage for jobs that include tipping is only $2.13 per hour, assuming that the difference would be made up in the tips. The initial law began in the early 1900’s; to be exact it was in 1938. This was all initiated when Franklin D. Roosevelt was President.

A dictionary defines the minimum wage as the lowest wage permitted by law or by special agreement. Many states across the nation have different minimums. The highest minimum wages paid in US states is District of Colombia, which is 12:50 hourly, but still, a lot of people are struggling to survive. The majority people live in the United State are get paid with minimum wages. There are two main things about minimum wage, which are raising money for employees, and allowing low payment for the people who are getting paid minimum wages people.

The United States is able to maintain a favorable economy without using minimum wage laws according to critics. Those who oppose the increase think that the country would be better without minimum wage laws. According to the opponents, this country does not need to force a certain amount on a company and the free market will set proper wages (Learning). The natural market is powerful enough to maintain a good economy. A jobholder should need to work hard for a higher wage. Over time an employee should earn more pay not have his/her boss be forced to pay a certain value (Arnstrong). Hard work will earn them the wage that they deserve. Many people will lose their jobs if there were a raise. This will happen when the companies have people who aren't able to provide that value that they are paying for (Learning). So, by increasing wage of people who simply don't deserve it, many people will lose their jobs. Increasing wages will cause higher unemployment rates. By forcing companies to pay more than the work is worth, people may actually lose their jobs (Arnstrong). If an employer has to pay each employee more they may have to let people go. Minimum wage does not help with unemployment. Minimum wage only affects people already in the workforce not the people who are looking for jobs (Learning). People searching will not be helped from increased pay. It also makes it harder for a young person

There is an argument as to whether the government should be involved in controlling the minimum wage. There needs to be a fair wage and without a law against unfair pay many people would not be able to have enough money to survive so therefore,The government should be involved in raising the minimum wage because it needs to be raised, raising it will help our economy,and the minimum wage protects the poor and inexperienced.

While there are many opposing arguments supporting the raise of the minimum wage, there are far more compelling reasons not to. To begin with, if the minimum wage were to increase, it would cost more for business to operate and they would let go of employees or close altogether. It would also be a strain on businesses to compete with online shopping such as Amazon or eBay, which typically will have more variety and cheaper prices, giving business more of a reason to have to close. Those now unemployed people would have to file for unemployment or find another comparable job. America

Minimum wage in America to me is a debate that will be debated if there is money to be made. Minimum wage is necessary because without it, bosses would exploit workers the way they did before there was ever any regulations on working and wages. While minimum wage does prove to be effective in worker security, it can have some effects on our economy both positive and negative.

If the minimum wage rises, it will mean that less jobs will be available. There will be less jobs due to the company’s efforts to stabilize their income. The companies will have to spend more money on the wage of their employees and some companies don’t have the ability to do this which will lead to the increase of employees getting fired and being laid off. If this occurs, major companies will replace human employees with computers and technology. Things such as kiosks and and machinery will replace the common jobs that low-income people are most wanted for. Making this change will benefit companies such as McDonalds because it will save them more than $16,000 per cashier. Either way, if they keep employees it is only for one reason and that is because they are experienced. The more experience an employee is, the greater they have of a chance to stay in their position. According to the “What’s the Right Minimum Wage?” by the PragerU channel on Youtube, in order to be accepted, you will have to have great knowledge of

The minimum wage is the lowest wage employers are to give an employee for every hour working . In the United states this was not always the case, it was not until the end of 1800 some sort of regulation was established. In 1984 New Zealand published the first minimum wage law (Smith, Halpen 2018). As other countries adopted this law United States also created their own version as they released The Fair Labor Standards Act of 1938 (FLSA) . This established a minimum wage and overtime pay. The new law at that time also required some form of recordkeeping for the first time, along with setting a standard for youth employment, for full-time and part-time workers in the private sector, Federal State, and local governments. During this time

Government decided to increase the minimum wage because of complains of employees about amount of minimum wage. I am sure that government did not intend this problem, but it is going wrong way. As minimum wage increases, unemployment rate of young people goes up. Entry-level job is very important for young people to get experienced. However, these jobs are getting substituted by robots. So, increment of minimum wage made unemployment rate rise in

People might think that minimum wage has no downside, but surprisingly it has, if someone has worked in a place for years and his wage increased but if the minimum wage increased the new-hires will have a wage that is very close to the person who spent all his years working for this place, “Wal-Mart 's $9 minimum wage has been in place for a little while now, and not everybody is happy about it. Employees who have been there for years are complaining it 's unfair that they now make not much more than someone who 's just been hired off the street, reports Bloomberg News. While some low-level managers have also gotten higher starting wages, raises are small and infrequent for those at the bottom rung -- typically between 3 and 5 percent per year, which comes out to a few dimes annually if you started at $7.25 -- so the jump to $9 wiped out years of accumulated comparative gains for some rank-and-file employees.”(DePillis, Lydia) Another downside to minimum wage is that when the minimum wage rises the unskilled workers would have less opportunities to work since the employers won’t pay that much for the unskilled and will

The most prevalent and steadfast myth surrounding the raising of the federal minimum wage is that it will doom the economy. This might seem logical at first, but just think about it for a second. Why do minimum wage employees need more cash? The answer is simple: To spend it, to buy the things that they and their families need to survive. “Most minimum wage workers need this income to make ends meet and spend it quickly, boosting the economy. Research indicates that for every $1 added to the minimum wage, low-wage worker households spent an additional $2,800 the following year” (Fair). Furthermore, EPI estimates that if the federal minimum wage were raised to $10.10 an hour, it would result in over