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.

On July 24th, 2009, the United States of America raised the minimum wage to $7.25. However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are already raising the minimum wage because of the lack of money workers get. Finally the third supporting idea is that the states are also raising it over the federal minimum wage and also how can help poverty. There are many more topics on why the minimum wage should be raised but these reasons are the most important.

We are arguably living in the aftereffects of a country that reached its heights of Capitalism during the Industrialization era. Prior to the introduction of machinery and railroad systems to America, the economical framework relied on a warped version of lasseiz-faire and featured wealthy descendants of British merchants who joined the colonies. Others worked menial jobs and apprenticeships to guarantee their source of income and it is safe to say that many were unhappy with their predicament --- even if they had no platform to voice this opinion. While the Industrialization Era introduced centuries of wealth to America, it also severely tipped the wealth distribution scale which can be seen extremely in events like the multiple depressions of the 19th Century and recessions in the 20th Century. In a 2013 statistic, researchers found that 53.5% of people despise their jobs. If you ask around, you 'll find that many overqualified Americans are still working menial jobs to provide for their families and that even office jobs are not that promising in terms of salary. The wealth cap for most of these citizens is around $60k~ and many, many Americans are living in poverty. There seems to be a socio-economical propaganda that is being spewed around for many years that many workers of minimum wage are lazy, entitled teenagers who have nothing better to do than sit around and collect

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.

With the minimum wage set at $7.25 dollars per hour many people are struggling to make do. The average cost of living in America is too much for people, who make minimum wage, to make ends meet. It’s thought that raising the minimum wage will have a negative effect on the unemployment rate but there has been no evidence of that. The value of the minimum wage has dropped immensely since 1960. Raising the minimum wage will be beneficial to America and its citizens. In 1968 the minimum wage was equal to $10.74 today. That means in 50 years the purchasing power of the minimum wage has diminished. From the end of WWII upto 1968 minimum wage was on pace with the average worker productivity rate. If this trend was true from 1968 to today and worker

According to the U.S. Census Bureau, nearly 14% of the nation lives below the poverty line, the current population is 326,474,013, and 45,706,362 of the population lives in poverty every single day. One of the reasons why such a large chunk of the population is in poverty is because they are not being paid a reasonable salary for them to support themselves and their families. Raising the minimum wage can lead to problems, but gradual increases are made over time, it could be beneficial for millions of people around the nation. The positive effects of raising minimum wage is what makes it worth it. A raise in minimum wage can be beneficial; however, it must be a

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.

As the cost of living is raising every day, it is really important to raise minimum wage as well. Through the years, there have been questions about this topic, but no changes have been made. Some people do not realize the importance of minimum wage or even its history. It is a real struggle for many people because they are living in poor conditions making around $200 a week. That is a real struggle for those trying to provide for their family. They have a really hard time trying to make it till the end of the month. They are afraid and worried at the same time because they cannot pay their bills in time or even go to the doctor if they get sick. Increasing the minimum federal wage could make a difference for those living in unfortunate conditions.

During the 2008 Global Recession, the employment rate for young adults and low skilled workers disproportionately, and once the recession had eased the employment gap based on education worsened significantly. In 2016 Presidential election raising the minimum wage became a key policy issue for the Democratic Party to help give those workers who were hit the hardest during the recession a much needed income boost. During the 2016 Democratic National Convention the Democrats agreed to add a $15 minimum wage into the party’s platform, taking a pivotal step sought by Vermont Senator Bernie Sanders and labor Unions. When it comes to raising the minimum wage and what it would do to U.S. employment, prices and productivity. Economists are willing

On November 9th, the voters of Maine chose to boost the states minimum wage. Raising the minimum wage intends to increase the living standard of low-level and low-skilled workers, specifically in service-sector jobs. However, sometimes it hurts the people it intends to help. Many economists have debated what the minimum wage should be that would benefit both the economy and society. Starting with John Maynard Keynes, economists have argued about the minimum wage for decades. Traditional economists argued that the labor market is in balance at equilibrium, however, Keynes argued that settling at equilibrium would not improve the labor market situation or properly stimulate aggregate demand.

“Raise the wage!” reads many protestors’ signs across America. Many people believe this to be the answer to the financial inequality that plagues our country. The federal minimum wage was established to keep workers from settling on a poor living standard (Leonard A.11). Since this was passed, multiple debates and issues have risen. One begins to ask the question, is this truly the best way to resolve the unequal distribution of wealth? After research, it has been found that there are many drawbacks that are related to raising the minimum wage. Because of the number of harmful, detrimental, disadvantageous effects of increasing the base pay, the country should not continuously raise it.

When people get a job they think that they should be able to afford to financially support their families; however, this is not the case for so many hard working people. There are plenty of people who opposite the raise of 15 dollars an hour, yet there reasons are unsound since just like the business owners try to get their employees are trying to support their families. Many think that raising the minimum wage would hurt businesses, yet how can businesses grow if people do not have money to spend on those businesses. People need to have extra money in order to be able to spend more money and help the economy. Increasing the minimum wage helps many people be able to survive.

The minimum wage is defined as the lowest compensation, by law, which an employer may pay his or her employees. In the United States, this monetary value is set by a collection of laws on the federal, state, and local levels. While state and local governments may choose to observe a higher minimum wage than the national minimum wage, the federal government ultimately controls the income of the nation’s lowest-earning employees. At the federal level, the minimum wage was last raised in 2009, from $6.55 to $7.25 per hour. Yet, since 2009, the minimum wage has stayed the same, while the cost of living continues to climb. For this reason, an initiative to raise the minimum wage has numerous supporters, whose key arguments are the reduction of poverty and the increase in efficiency. At the same time, however, opponents of raising the minimum wage claim that it would result in unemployment and would be harmful to businesses. Although their arguments are valid, proponents of raising the minimum wage fail to see the effects of an increase in labor costs on employers. With any cost, one party benefits while another party pays. Furthermore, a raise in minimum wage, and an increase in the cost of labor, will result in losses not only for the employer, but also for the employee. Therefore, for those members of society who fall below the poverty line, raising the current minimum wage will do more harm than good.

The minimum wage has grown twenty two times since it was first introduced in 1938.