Raising The Minimum Wage Increase Essay

Opposers argue that waiters and waitresses that are tipped, certainly do not need a wage increase; they believe that the server’s income from tips tremendously outweigh their salary which can be exceptionally untrue. “A server commonly works at a wage lower than minimum wage, sometimes as low as $2.13, and the tips do not always guarantee a steady income” (www.dol.gov). Nearly 10% of the United States work force works in a restaurant related business of some kind. Giving a higher paycheck to these workers would help them out

Should the minimum wage increased to $10.10 an hour? This has increased over the years and everyone has their opinions. Those who are in favor of increasing minimum wage to $10.10 believe that more money will decrease poverty and the unemployment rate. Those who oppose the increase in the minimum wage, believe that it should not be increased and should stay the same, because it will cause businesses to close up because they are not making enough money to survive in the economy An increase in minimum wage would have to make the employees work harder to make increase sales of the business. I believe that the minimum wage should not increase to $10.10.

Should the minimum wage be raised? This question is the question being asked by millions across the United States. Most people will say yes, however, an economist will most likely say no. This is a very important subject and what the people of the United States should be compelled to notice as well as take action on the minimum wage. In the United States, 3 million people make less than the federal minimum wage. Furthermore, with over 60 million people living in the lower middle class the minimum wage is not high enough. That's why the minimum wage should be raised to $15 an hour because CEO's support it as well as it presents a living wage.

There are many employees who find themselves working full-time for what the government has so generously termed the “minimum wage”. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and Seattle recently established a plan that would see their minimum wages rise to $15 by 2021. The question for all the other forty-eight states remains, should the minimum wage be raised?

Increasing the minimum wage would reduce poverty and allow family to afford housing and their necessity

"According to a 2014 Congressional Budget Office report, increasing the minimum wage to $9 would lift 300,000 people out of poverty, and an increase to $10.10 would lift 900,000 people out of poverty.” Currently the federal minimum wage is $7.25. The government should raise the minimum wage to $9.25 per hour. We need to raise the minimum wage to the point where the lowest paid worker can afford their basic needs. Raising the minimum wage would strengthen the workforce and the economy.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the benefits for an increase, then the disadvantages, and in the last paragraph, I will

“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”

Proponents of raising the minimum wage claim that if the minimum wage was raised, then many economic and social problems would be alleviated. This contention is at odds both with economic principles and years of creditable research. The effect of raising or even having a minimum wage has been studied extensively and the majority of studies have proven that raising a minimum wage does not have the desired effect. Both micro and macroeconomic forces affect the results of raising the minimum wage. The secondary effects of raising the minimum wage are bad both for

"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty."

As the presidential election approaches, topics like whether illegal immigrants are taking American jobs and rising the minimum wage have frequently surfaced on the front page of our daily newspaper and dominated our social media feeds. While these issues have numerous political implications, the center of the discussion is essentially about labor which leads to production, money, and driving the economy. Looking at labor, it is really important to examine labor supply because it shows the number of people willing and able to work in a particular job for a given amount of money, or wage. The number of people willing to work influences how much the economy can produce in terms of physical products and nontangible services like teaching. A labor supply curve is drawing out and connecting

Contrary to these beliefs, I believe that raising the minimum wage will not only benefit the company and employee immensely, but overall increase the productivity of workers. The raising of the minimum wage will help these low income families support their families, which decreases the poverty level too.

Minimum wage is one of today most debated topic among Americans society. Whether or not the government should raise the minimum wage from $7.25 to $15. This is shown by these two articles who have a different view about the topic. In the first articles written by John Komlos Title “Column: Why raising the minimum wage is good economics” the author claim that the minimum wage in the US is way too low for the high living cost in today society. Whereas the second article written by Harry J. Holzer call “A $15-hour minimum wage could harm America’s poorest workers” he claims that by raising the wage to $15 is too much and it would actually do more harm than good for minimum wage workers. Both of the articles supported their claim by giving static and experts research in order to back up their augment. As for Holzer, he uses a lot of his opinion in order make his claims which are really strong as wells. However, on the other side Komlos use more static and calculation as well as emotional tone in order to help paint the picture for the reader to see what he is trying to say. Which this give it a more well-rounded view of the topic more.

Minimum wages go all the way back to 1938, during the great depression, when the stock market crash and bank loan were failing. Families need income of some type, were they wanted to make it fair were individual could get pay the same without a college degree. I am going to start off with a little about minimum wages history and how this could help our Economic.

In a paper titled “Four Reasons Not to Increase the Minimum Wage,” the Cato Institute, a libertarian think tank, offers four empirically backed consequences of increasing the minimum wage; these consequences include: the loss of jobs, low skilled workers being disproportionally affected and priced out of the job market, a minimal effect on reducing poverty, and higher prices for goods. The paper compiles a number of studies to support these