Minimum Wage Essay

Right now,according to Victoria Smith,over 40 million people are living in poverty. This could be changed if they were able to get enough money from their jobs, but the minimum wage isn’t high enough right now. Even if only by a little, if minimum wage were raised, the amount of people living in poverty could be reduced by at least 5 million according to Mike Konczal . Originally, the minimum wage was at only .25 cents an hour. Due to causes such as inflation, this wage has been raised to meet the current standard. Although interest in raising the wage has gone away until recently. Minimum wage should be increased because it would increase job growth and economic activity,it would reduce government spending on welfare, and reduce poverty.

The minimum wage requires employers to pay their employees a minimum amount of money which is based on the current version of the law, which is raised every year to adjust the living costs. There are some advantages and

Minimum wage has always been a controversial issue. Many politicians use the argument of minimum wage for their own political propaganda. Some may argue minimum wage should be raised, while others believe it will have detrimental effects on our economy if it is raised. Surprising to most people, minimum wage earners make up only a small percent of American workers. According to the Bureau of Labor Statistics, minimum wage workers make up about 2.8% of all workers in America. “The majority of minimum wage workers are between the ages of 16 and 24. These are high school and college students” (Sherk 2). But high school and college students are not the entire percentage of minimum wage earners. When minimum

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

Many case in USA suffering from the very low hourly payment according to Talk poverty: As wages go down, the percentage of workers relying on public assistance gets higher: 60 percent of workers earning less than $7.42—only slightly higher than the $7.25 federal minimum wage—receive some form of means-tested public assistance. Overall, 70 percent of the benefits in programs meant to aid non-elderly low-income households—programs like food stamps, Medicaid, and the Earned Income Tax Credits—go to working families.and it help some people get out of the food stamp Because the low minim wage many low income worker live with their children under a poverty.

bills. With a minimum wage job, one will receive about $800 a month, only if

In the United States, there are real imbalances in our wealth and wages. If these variance are the fundamental reason for political inconsistency, then these private imbalances should be decreased in order to move toward a political system where power is dispersed among all citizens. Changes in the distribution of riches and income will not change through the economy but should be established through different sorts of public policies on the state and federal level.

Should minimum wage in the United States increase? This is a challenging issue in politics today. According to Alan B. Krueger, the minimum wage, at the federal level is $7.25 and has been since 2009 (par. 1). State governments take it in their own hands and raise the minimum wage their selves (Krueger, par. 4). Congress is debating if it is necessary for the entire country to raise the minimum to $10.10 and eventually somewhere between $12.00 and $15.00 (Krueger, par. 2). But, there is an inconsistency in this topic; this is whether the minimum wage should stay the same or if it should be raised by the federal government. This inconsistency has to do with a small group in the United States that has authority over policy making, which is different

Under new legislations, both New York and California are willing to increase the minimum wage to fifteen dollars an hour. Although this will be a slow process, as an increase immediately will put an economic risk on business, especially for small business, this increase in minimum wage will be beneficiary and advantageous for individuals with low pay and with those who have families.

Should America’s minimum wage be raised from $7.25 all the way to $15 an hour? Many are for raising it because they say it will decrease the amount of families living uncomfortably in poverty struggling to pay rent, feed their children, and make ends meet. But those who are against it, say it will increase the amount of businesses going bankrupt and will drive unemployment sky high. Critics of minimum wage say that minimum wage should be changed to living wage which will take the economy into account and would provide families with enough to live a comfortable lifestyle. Raising minimum wage in the United States to $15 an hour would be a bad idea for three reasons, earnings per share in even large stores would plummet, it would drive unemployment to an all-time high, and it will not take the economy into account.

What is minimum wage? It is the lowest amount that employers must pay their workers per hour of their labor, legally prescribed by federal government. According to Bureau of Labor Statics, United States Department of Labor, minimum wage was first introduced in United States by President Franklin Delano Roosevelt in 1938 called Fair Labor Standard Act (FLSA). The initial minimum wage was set to $0.25 per hour in 1938 (Grossman). The minimum wage was increased twenty-two times from 1938 to 2009. At present, the federal minimum wage has not changed since 2009, and is fixed at $ 7.25 (U.S Department of Labor). The raise of minimum wage becomes a controversial topic among citizen, some people are in favor of raising the minimum wage, while

Donald Trump, the favorite candidate for this years election, recently claimed that wages are too high in America. One may wonder if he was lost in some sort of day dream or maybe he was talking about his own wages? As someone who has never had to worry about money, considering his families wealthy background, how would he possibly know what its like to live barely get by living off the federal minimum wage? Consider someone who is able to work a full time job being paid minimum wage, after taxes are taken out of their paycheck they would be looking at approximately a $13,000 salary per year. $12,000 is the poverty line in America for an individual. This is the life of a working class citizen in America. Constantly struggling to pay the bills and having to worry about how they are going to feed their children every week. The numbers show that minimum wage is clearly not sufficient to sustain a normal way of life and a raise would not only benefit millions of americans lives but also boost the economy.

Introduction: Poverty is living in situations of having little income to keep up with the current cost of living. Attention Getter/Hook: Why poverty is increased in United States? Background information: Poverty in America has increased because family incomes are affected by weak labor markets, both through job loss and through hours and wage cuts for those who have work. Poverty affects millions of people worldwide, including families and individuals in the United States.

In todays back and forth economy it has become increasingly more difficult for a person to support a family, much less themselves, solely on the income from a minimum wage job. With federal minimum wage sitting just over seven dollars an hour, those tasked with budgeting these kind of meager earnings have begun to question why they dont deserve more pay. Some states have their own laws with discretion over minimum wage pay, and 29 states and DC all currently have minimum wage standards higher than the federal standard, but not necessarily by much. Those working labor jobs, where minimum wage is the compensation they receive for their time and energy, are struggling to afford such basic necessities as housing and food, even when they work

The national minimum wage was introduced in the UK in April 1999 by the Labour government. Essentially it formed a major part of their manifesto as it convinced the average population that Labour were beneficial for everybody. However, they would argue against classical economics and suggest there are wide spread benefits to be gained. The main argument is that the NMW would alleviate poverty across the country.