Raising The Minimum Wage

Raise the minimum wage: In the United States, studies show that women tend to make up a disproportionate share of low-wage workers. In the field of education, men tends to go more to STEM than women and that also leads to high paying jobs for men. If we raise the minimum wage, this will help hardworking women to support their families. Approximately, women made up two-thirds of all minimum-wage workers in 2012. With the current federal minimum wage i.e. $7.25 per hour, someone working full time, only earn $15,080 a year round. People working full time with minimum wage is still below the poverty threshold for any family with children and single person is also not far above the poverty line. So, increasing the federal minimum wage to $10.10 an hour would help increase the wages for about 15 million women, which will help close the gender wage gap.

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.

Another reason i believe the federal minimum wage should not be raised is because if you make more money per hour employers will begin to cut the workers hours. If this happens this would not be solving anything because they would end up making the same amount of money if not less. An employer is not going to want to pay one employee a lot of money if they can pay more employers a less amount of money because that will mean at the end of the day the employer will be putting more money in his pocket. I also believe that raising the minimum wage would hurt many small business. The problem is that all businesses do not make a huge profit so they could not afford to pay a big amount in wages. This could be a problem because some people rely on these small business to support them and their workers. If these small business folded many people would lose their jobs and also their income. The biggest problem with raising it is many adults would try to get these high paying jobs and it would kick the youth out of the work force and they wouldn't be able to train for future higher level jobs so they

“Raising minimum wage doesn’t just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the scale. Let’s get the facts straight, only twenty percent of people making the minimum wage are teenagers. The rest are hard-working adults, many of them have families, and I mean hard-working” (Biden). Studies have shown that increases in minimum wage prove that the public is overall safer and healthier. Many reports show that seven dollars and twenty five cents, the current minimum wage is a “startvation wage” and is not enough to keep families out of poverty (washington). Minimum wage in Illinois should be raised to benefit the people.

The minimum wage was created in 1938 in order to give the people some sort of fair labor standards.the minimum wage should not be increase because it will hurt individuals and businesses and hurt the socio economic of equity by increasing the minimum wage some workers are gonna gain some but other are just going to be laid off because the businesses need more money for their employees.

In the USA thousands of employees live under the poverty line while working full time jobs

Minimum wage jobs are known as the type of job to have as a teenager. Nowadays, minimum wage jobs are also common among single mothers and immigrants. Those struggling families need help from the government because their income is not enough to buy groceries and necessities for their families. Those people who work at the minimum wage salaries only get a little amount of money this is a problem for their families. The minimum wage has not kept up with the inflation in the economy. Increasing the minimum wage to $10.10 will help people in poverty to have a better income and lifestyle to those who need it.

An increase of the federal minimum wage would improve the lives of millions of Americans. It is a step towards lifting these people out of poverty. The federal minimum wage is supposed to enable Americans to earn a living wage, but it has not been raised in 8 years, and many people who make wages at or close to this wage are not able to survive on this pay alone. They rely on subsidies from the government and the community to provide some of the necessities they cannot provide for their families. An increase of the federal minimum wage is going to make these families more self-sustaining (CBO, February 2014).

The employment effect of the minimum wage is one of the most studied topics in all economics. Today, the debate over raising the minimum wage has been a hot topic after President Obama explained in his 2014 State of the Union address that he intends to raise the minimum wage from $7.25 to $10.10 per hour, an increase of over 40 percent. While the President and his supporters claim that this increase would greatly benefit the economy and result in growing the businesses. Unlike some suggest that creating more jobs for people who need them rather than raising earnings for people who already have them is a better solution for reducing the national poverty rate. Minimum wages are on the agenda in many parts of the world (Luce 2). For example, countries like Australia and Mexico have minimum wage legislation, so they have Fair Work Commission that sets an hourly minimum wage by industry every year. In United States, the minimum wage now is $7.25 an hour, but cities and counties in California, Illinois, Maryland, New Mexico, and Washington set their own wage that helped grow the businesses markets. Therefore, the three main reasons why increasing the minimum wage will help the businesses are; have more opportunity for new jobs, reduce expense for social programs, and decrease turnover rate.

Raising the minimum wage has been a big topic to argue over since I could remember. The minimum wage has been raised 22 times since it was created in 1938 (https://www.thebalance.com). Raising the minimum wage will bring a burden on small business owners and make it a lot harder on them to be able to succeed. Employers will hire fewer workers in the entry-level jobs needed to begin a career. The raise in minimum wage would also increase the number of high school drop outs because they will not need to go to school if they know they will make more at a fast food joint. Prices might be increased to offset higher labor cost. Raising the minimum wage would just eventually take a toll on everybody. It is called minimum wage for a reason, because

The minimum wage has many effects on the labor market. According to a research conducted by Belman and Wolfson (2014) indicated that monetary incentive to the minimum wage affects about thirty percent of the entire labor force. It can be indicated that just a small factor in the policies related to minimum wage could affect a major fraction of the labor force.

The minimum wage has been established to dictate the lowest hourly pay employers can pay their workers. According the the Fair Labors Standards Act the Federal Minimum Wage has been $7.25 since 2009 (Krulick, 2013). However states individually can differ in their minimum wage. For example, the State Minimum Wage for California is $10.50 (2002). When the state and federal minimum wage are different amounts, employees are entitled to the higher rate of the two. A State's Minimum Wage is usually higher than the Federal State minimum wage, depending on the costs of living (Krulick, 2013).

The current minimum wage in the United States is a wage which Americans cannot live and provide for a family. Americans are forced to live in poor living conditions because of the low wages they earn. The low wages that workers earn result in poor healthcare because they cannot afford the proper treatment. The minimum wage leaves little, if any, for any unexpected expenses. The minimum wage in America affects American workers trying to make ends meet. The minimum wage needs to be raised and changed to the living wage.

The minimum wage for workers should be increased. First of all, raising the minimum wage would reduce the amount of people who are in poverty. Moreover, raising the minimum wage would lead to less premature deaths and allow many people to live healthier lives. Finally, raising the minimum wage would reduce the amount of crime the occurs. Let's take a look at some proof.

A 2015 CBS/New York Times survey found that 71 percent of Americans favored an increase to the minimum wage. (Doyle, pg 2). What if I tell you that raising a minimum wage is not a good idea for our society? Would you believe that increasing a minimum hourly rate might cause more harm than good in a long run? What if setting a high minimal wage will actually kill many jobs and increase unemployment? Did you think that this “raising minimum wage” games are the never ending loops, and are created to manipulate people, as they do not really improve or raise the quality of people’s life?