Raising Minimum Wage Research Paper

The topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy.

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.

In conclusion, raising the minimum wage will always bring positive and negative consequences, but it depends also of how we use it. More money coming to our family is always a blessing and something good for everyone and even though it would have some negative effects

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

It seems only logical that providing the poorest segment of society with more pay for their work will improve their situation and give them the working capital they need to work their way out of poverty. With each incremental increase those who are directly affected by the increase will instantly have more money to help them purchase more good and services to improve their living conditions. Additionally increasing the minimum wage would likely have a positive effect on the overall economy as workers immediately increase their consumption possibly increasing GDP and the resulting employment

First off, minimum wage will not support the economy it will actually raise unemployment. Businesses will be forced to pay extra money to workers and therefore will fire others to keep making a revenue. Raising minimum wage will get lots of hard workers fired due to these extra costs, and jobs will be harder to find. This does not prove good towards the economy. More will be jobless and therefore it will increase poverty.

When I read high schoolers and people who work at jobs that pay minimum wage say that raising minimum wage will solve everyone's problems, it honestly makes me think that they don't understand anything about the economy. When you raise the minimum wage, the price of essentials and necessities also increase. An example of this would be the 1970's, The price of everything was at a very low cost. Such as, Milk which was only $1.65 which today would be far better than the costly price of $3.67. Although you may be convinced that the 1970's seems an easier time to live in, you are actually quite inaccurate. While the prices of everything was low so was minimum wage at a meager one dollar an hour. The price all around of everything increases because

Raising the minimum wage is a fundamental step in addressing poverty. The current minimum wage is not enough for a family to survive off of. The first benefit of raising the minimum wage is the

Raising minimum wage can solve the cause of inflammation of poverty. Raising minimum wage would lift more than 4 million Americans out of poverty. Number four(4) Says, nearly one in five children would see their parent get a raise. Action by states and cities show that lifting the minimum wage shortens poverty and increases wages. In the 1960s, the minimum wage was suitable to lift a family of three out of poverty. A full-time employee with two children earning the minimum wage will still raise his or her family in poverty. Raising the minimum wages could possibly increase the health and wellbeing of millions globally. Raising the minimum wage will also encourage consumer

Raising the minimum wage would cost many americans their jobs. It is said that even overall employment could be harmed with the raising of minimum wage. It would raise the cost of labor and reduce employment opportunities. Our economy needs to produce more jobs for the growing population and raising the minimum wage will do the opposite of that. Unemployment rates need to go

“We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs.’(David Cooper). Many people have argued that raising the minimum wage from $7.50 an hour to $10.10 would hurt America’s economy and would cause companies to go out of business and employees to be fired. However, increasing the minimum wage would actually benefit America’s economy by boosting economic activity. This would cause more people to find jobs and decrease the amount of people living in poverty.

The minimum wage in this country has been a controversial issue. Many people believe it will help reduce poverty and boost the economy. However, they are not looking at the downfalls this will bring to our country. This could make the unemployment population rise, it will raise prices of other things, and would have little effect on reducing poverty. Raising the minimum wage would have a negative influence on our country.

Heather Boushey, Executive Director and Chief Economist said, “The best way to fight poverty is to make sure people have jobs with decent wages that put them above the poverty line (Boushey, 2014).” Meaning that raising the minimum wage would help to reduce poverty. Raising the minimum wage to $10.10 an hour will reduce the poverty rate for non-elderly Americans to 15.8 percent from current 17.5 percent (Boushey, 2014). This increase would bring about 6.8 million people out of poverty.

Increasing minimum wage in America would give most people a chance of having a better standard of living. Many people have become casualties of minimum wage because it is so low that people can barely live off of this low pay. This has happened because smaller businesses do not have the money to increase their employee 's’ monthly pay, thus eating away at company profits. Therefore, people should take into consideration of those making minimum wage, and having to support a family.

The first minimum raise left thirty thousand to fifty thousand workers out of a job to support their family. Workers that earn about $7.25 to $10.10 are directly affected by an increase in minimum wage. Raising the minimum wage will hurt more than help, with it increasing they will have to layoff more employees, raise the cost of their production, damage the economy, and they say it will spur job growth and everyone will be equaled out with money.