Raising Minimum Wage Research Paper

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.

Should minimum wage be raised? Minimum wage should be raised because we want a town filled with

Millions of Americans live in poverty unable to find high paying jobs to support themselves and their families. A common belief is that paying a higher minimum wage would help lift people out of poverty by giving those with low paying jobs a higher income, however the evidence suggests otherwise. The 2016 race to the White House heating up, the minimum wage battle is at the forefront of every economic discussion. The rhetoric between candidates within and across party lines is intensifying. Many differing opinions are being heard. As the debate over whether or not to raise the federal minimum wage from $7.25/hour to $15/hour rages on, one side stands apart time and time again.

For over a decade, many Americans have struggled with the low wage issued from employers, despite working very long hours of work. According to a study done in Oregon State University, a federal minimum wage was first set in 1938, starting at 25 cents an hour. Due to inflation that has occurred many times throughout the century, the call for raising minimum wage is to be immediately answered. However, the minimum wage falls when congress does not raise the minimum wage to keep up with inflation. Because of this many cities and states have departed from the minimum wage. In this essay, to be discussed is the reason why imposing a minimum wage above the equilibrium wage will reduce employment and contribute to an increase in the unemployment rate.

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.

When you see fully capable men or women asking for handouts or taking advantage of others accomplishments, it triggers frustration and anger but you can still go about with your daily life. When you see your favorite restaurants or establishments closed because they cannot up keep their workers’ wages that the state induced, now it becomes infuriating. Society tend to better their lives through trade skills, years of education, personal development, perseverance, and hard work in order to reach success. The moment we adopt new laws in order to meet the demands that minimum wage is not sufficient, is when we start seeing the economic collapse that will take tenfold the time to repair than it did to create. Adopting these new laws will influence

⭐The minimum wage in the US is $7.25 an hour, and in more than 25 states it is even higher! This is a big problem and even though some think that raising the minimum wage is good economics, it actually would ruin the economy and many of the US citizens’ lives. This is because increasing the minimum wage would have negative effects like food price increases, loss of job opportunities, and less incentive for a higher education.

In order to reduce income inequality, increase people's economic security, and help get people off food stamps, the government should increase the federal minimum wage. The average CEO makes 774 times the amount of a full-time minimum wage worker according to Cathrine Dill from forbes magazine. If minimum wage increased to $10.10, that number would decrease to 559. Although it’s not much, it still reduces the income inequality between the rich and poor people in America. Also, increasing the minimum wage will increase people's economic stability. Alternet.org states, “It is no longer the case that the people making the minimum wage are largely teenagers. In fact, now more than half of workers earning under $10.10 an hour are forced to support

Throughout the years, numerous people have struggled financially due to the low paying minimum wage. In 1938, a Federal minimum wage was introduced by President Franklin Delano Roosevelt, due to the Great Depression. The first minimum wage, which was originally coined as $0.25, has been increased by congress 22 times, most recently in 2009, where the minimum wage was increased by seventy cents. However, the current wage is valued at a lower price than what the original minimum wage would be valued as today. Therefore, it has lacked the ability to keep up with rising prices. The Federal Minimum Wage should be raised in order to stimulate the economy, and keep up with inflation.

The minimum wage must be raised because the cost of living has gone up considerably. Education is necessary if someone wants to work, and the cost of education has gone up dramatically in the last twenty years. Companies should be paying workers what they need, and that is considerably more than what the minimum wage is now. If the minimum wage were to increase, it would raise the wages of lot workers and increase benefits to workers with disadvantages.

The minimum wage has constituted a hotbed issue in America ever since its beginning in 1938 via the Fair Labor Standards Act (Acs et al, 2914). Notably, in the past few years, fast food workers, service industry employees and American workers feeling the pinch of inflation have clamored for an increase in the minimum wage. The concept of a $15 minimum wage is a symbol for creating less disparity for minimum wage workers. However, while the concept is pure of heart and idealistic, it would be dangerous for the U.S. economy. This can already be seen in places like Seattle, Washington, Emeryville, California. Consumers would suffer as businesses would be forced to raise prices in order to make up the difference from the added human resources expenditures

Raising the minimum wage by 10 percent would cause a 1 to 2 percent reduction of teens and low skilled workers to be out of a job. Because teens and young adults make up the majority of minimum wage workers, they would be the ones most impacted. If the minimum wage were to be raised, teens and young adults, who could be considered less skilled workers, would have to compete with higher skilled and most likely older workers. Employers would want to have skilled workers working for the higher wage. Younger and less skilled workers usually are part-time, and since if the minimum wage were to be increased there would be 550,000 less part-time jobs which would reduce the number of teens and less skilled workers who are part-time by 310,000. Also, employers would not want to or be able to hire as many people because they would not want to pay all of them more. Some people say that increasing the minimum wage from $7.25 to $10.10 would put about 500,000 people out of a job and it would become hard for young, less skilled workers to find jobs because it would be too expensive. Having to pay for many employees would force businesses to raise their prices, which would reduce the demand for their products causing a decrease in demand for the employees who create the product. Raising the minimum wage could increase some people’s pay if they are able to keep or find a job, which is not very

I agree with you, I think that if we are going to raise the minimum wage for workers education we also need to make a raise for those that have an education. I see where you are coming from, it wouln't be fair if a person without education was making $15 an hour and a person with a degree would be making the same. However, I understand why we would need to raise the minimum wage for those without an education because they have the jobs that no one wants. I don't necessary think it's their fault that they can't find better jobs because some of them couldn't afford an education. I see both side to this situation.

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

From an early age, kids are taught that they have to go to university to receive a job. That they need basic skills learned in school to have a level of comprehension in the job. Then the search begins for the perfect job. While companies are eagerly waiting to refresh the line-up of workers for new, fresh faces into their organization, the question of how much they pay is highlighted. Thereby, the degree of pay a person can accumulate from a job is handled by the Government and not the companies. It has been agreed upon that in Ontario “The general minimum wage rises to $11.25 an hour, from $11” (Herhalt, 2015, para.2). Obviously there is a decision to be made of how many new employees to be hired. To companies this is the price to do business in the future while employees view this as their monetary income. Alas the conundrum appears, do companies view minimum wage as an investment or a cost to the organization. There are both positive and negative standpoints to this issue. And the best way to understand them is to divulge them into two separate stances. From a company and employee standpoint to bridge their perspectives of the ideal of minimum-wage into an agreed-upon consensus. I will demonstrate how the minimum wage is both an investment and cost by looking into the positives and negatives from both sides of the job.