Political analyst and civil rights activist Benjamin Todd once said: “No person can maximize the American Dream on the minimum wage.” Today, I have chosen to speak on the controversial topic of whether or not the United States should raise the federal minimum wage.
In 1912, Massachusetts became the first state to pass a minimum wage requirement, mandating the starting hourly salary that could be paid to workers. The first federal minimum wage law was introduced in 1938 by President Franklin Delano Roosevelt as part of the Fair Labor Standards Act. At that time, the minimum wage was set at 25 cents an hour. Since that time, the federal minimum wage has been raised 22 times by 12 different presidents and is currently 7 dollars and 25 cents per hour. While several states apply the federal guidelines, many other states require a higher minimum wage for their employees – the highest being the District of Columbia at 11 dollars an hour. Across America, there has been a growing sentiment to raise the federal minimum wage. Democratic Presidential candidate Bernie Sanders has stated that, if elected, he would support a bill that would raise the federal minimum wage to 15 dollars an hour.
I agree with the
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They predict higher wages will result in higher prices for goods and services. I counter that argument with two observations: first, as stated before, the minimum wage has already been raised 22 times. Each time, there were predictions of doom and gloom for the economy -- and each time, the economy righted itself and life went on. Second, as previously stated, different states require different minimum wages. In the United States, our boundaries are fluid; many people live in one state and work in another. If some states offer their workers more than 7 dollars and 25 cents an hour, and manage to survive economically, then other states could find ways to do the
The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.
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.
On June 16, 1933, President Franklin Delano Roosevelt announced a plan to help raise the United States out of the Great Depression. At the heart of this plan was the idea that wages must be set and fair. “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.”(Roosevelt) This plan became the Fair Labor Standards Act, which set the Federal Minimum wage. Minimum wage has increased, slowly, over the years, but has not kept up with its intended purpose. Raising the federal minimum wage to a "fair living wage" level will improve the lives of the working poor, without adverse economic consequences.
The first federal minimum wage mandated by the government was in 1938. When the first minimum wage became law in 1938, it was set at just 25 cents. Today, the federal minimum wage mandated by the government is set at $7.25 an hour. “Many states have their own set minimum wages, which are currently above $7.25 per hour already. Currently, 29 states and the District of Columbia (D.C.) have minimum wages above the federal minimum wage of $7.25 per hour. D.C. 's new wage of $10.50 an hour makes it the first jurisdiction to cross the $10 threshold among the states,” (Halvorson). The last time that the federal minimum wage mandated by the government was changed was over 8 years ago. “The last time Congress voted to raise the minimum wage to its current rate of $7.25 an hour was on May 24, 2007. Since then, the cost of life 's essentials has shot up. Groceries cost 20% more, a gallon of gas costs 25% more, and average tuition at a community college increased 44%. But the minimum wage remains at
A. Since July 24, 2009, the federal minimum wage has been $7.25, but as of 2016 the living wage – the hourly rate a single person must earn to support themselves or their family – is quite a bit higher.
In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as “a floor below wages,” to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement their living expenses. Since 1938, there have been many additional policies to the Fair Labor Standards Act that have changed many things, such as increasing the national minimum wage numerous times to the currently salary level, which was set in 1997. The Fair Minimum Wage Act of 2007 was a policy to change the federal minimum wage from $5.15 to $7.25 in three additions, which began in July of 2009. (http://www.dol.gov/whd/regs/compliance/posters/minwagebwp.pdf)
party does not agree with raising the minimum wage a worker who is working full-time and is making minimum wage is receiving about $14,500 a year.
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.
America is a place where the people strive to create equal opportunities in every avenue of life. Every American should have unrestricted access to the options presented before them, allowing them to pursue their life goals and die happy deaths. However, this principle only stands for access to options, it has nothing to do with the advantages and disadvantages of said choices. The American dream is the idea that if you work hard enough, persevere, and really believe in yourself, good things will come. Drastically raising the minimum wage goes against all of those principles, rewarding lethargic actions and poor life choices. Raising the minimum wage to $15 will do more harm than good for middle class americans by decreasing the value of the money in their pockets, driving out big companies, and generally increasing unemployment.
Many argue that raising the minimum wage makes hiring workers more expensive, eliminates jobs at the bottom, slows growth and ultimately raises unemployment. Economic studies show that raising the minimum wage to keep pace with inflation creates little additional harm, but what the president is
In the USA thousands of employees live under the poverty line while working full time jobs
The federal minimum wage has been raised 22 times since it was first put into place in 1938, and today’s minimum wage is $7.25 per hour. Today’s minimum wage is
Millions of American employees are working countless hour every week to earn inadequate wage that result in many families living in poverty or to depend on paychecks to paychecks. Bernie Sander has the right approach when he quotes “the current federal minimum wage is a starvation wage” It’s time for a change the Americans population need better wages, increase the minimum wages will benefit every American including business and economy, the greater the paycheck the ability to buy goods and services will increase
In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as “a floor below wages,” to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement their living expenses. Since 1938, there have been many additional policies to the Fair Labor Standards Act that have changed many things, such as increasing the national minimum wage numerous times to the currently salary level, which was set in 1997. The Fair Minimum Wage Act of 2007, from the United States Department of Labor Wage and Hour Division, was a policy to change the federal minimum wage from $5.15 to $7.25 in three additions, which began in July of 2009. (U.S., 2009).
Another argument for raising the minimum wage is that almost half of the states in the nation already have minimum wage rates that are higher than the federal minimum wage. This includes states with fairly large populations, like California and New York. Because the states that would be affected by raising the minimum wage generally have lower populations than those who would not be affected, the percentage of people who would gain is smaller, and the number of company’s who would suffer would also be smaller. If raising the minimum wage would affect at little less than half of the states, and mostly only states with lower comparative populations, then why not raise it?