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. …show more content…
One example of another argument is,“ research found that jobs in transportation, logistics, as well as office and administrative support, are at “high risk” of automation“(Osborne).This article has been used as evidence for higher wages causing workers to lose jobs to automation. However, the use of automation can actually open up jobs for these lower wage workers in the fields of repair and maintenance for these workers, overall creating more jobs. According to David Neumark, there isn’t enough evidence to support a connection between minimum wage and poverty, but in the paper he wrote on the subject, he wrote,”The efficiency of the minimum wage in reaching its intended target has crept up slightly in the past decade, as a by-product of the unfortunate declines in income among near-poor minimum wage workers”(Neumark). They say the evidence isn’t there, but there is enough to prove it could be a valid solution. Overall, there are many reasons that prove raising minimum wage would be better than lowering it. The minimum wage should be raised because it increases economy and job growth, it decreases welfare spending, and it lowers poverty. Minimum wage is especially important for lower level workers who depend on it for their lives. It has the ability to give people better lives if increased correctly. If it was raised, the most likely amount would be $10.10. In regards to losing jobs to machinery because of wages, there are many ways to use this development in order to increase job availability. Raising the minimum wage would improve the lives of many people working in all levels of
The reason why minimum wage should be raise is it would relieve people from relying on food stamps. According to Dave Anderson, an author at Listland.com ,“Top 10 Reasons to Raise the Minimum Wage,” he quotes “ If the government chose
The case against raising the minimum wage is very simple: a higher wage will make it more difficult and expensive to companies to hire workers. What will be the consequences on the economy? Well, companies won’t be able to pay all of its workers which will lead to more unemployment. At the end, people who keep their job will have a higher profit, however those who lose their job will suffer.
The first reason why the Untied States should increase minimum wage is to reduce poverty rates. An anti-poverty tool is simply whether employers would employ fewer workers if they had to pay higher wages. Which I believe is wrong because since they would be increasing minimum wage then the employers will be making more money, which then opens up more employment options. In addition, if employers are paying more, they will want to hire more experienced or more educated workers. But, this is why we would increase minimum wage so that more people can afford to go to school and finish their education so that they will be able to receive those jobs. Also, between 1998 and 2004 retail employment rose more than three times faster in states with minimum wage above the
Minimum wage is at a drastically low number. It has been 9 years since the last raise in 2009. The minimum wage is way to low for people to live off of. Minimum wage is essential for businesses to have a starting pay that is enough for people to be able to provide for themselves and their family. America needs to make a stand to raise the wage. The minimum wage needs to be raised in order for people to provide for themselves, for the US to keep up with other world leaders, and in doing so it will only better the economy.
The minimum wage must be raised because the cost of living has gone up considerably. Education is necessary if someone wants to work, and the cost of education has gone up dramatically in the last twenty years. Companies should be paying workers what they need, and that is considerably more than what the minimum wage is now. If the minimum wage were to increase, it would raise the wages of lot workers and increase benefits to workers with disadvantages.
The United States’ minimum wage has been a concerning issue amongst the low wage earners because of the amount they earn is not enough for them to live on their own. Therefore causing the citizens who earn minimum wage to have an impossible time finding a place to stay and expenses for daily survival. Increasing the minimum wage will solve the issues that the minimum wage earners make, thus increasing the chances of survival for the entire population. Inflation is one of the reasons why minimum wage is a big issue, the minimum wage has not been keeping up with inflation at all causing things that would regularly be cheap to be more costly than it used to be. There are people who are against the raise of the minimum wage and may say that there will be an increase between of unemployment rate between the younger people because of the fact
If it costs more to pay low-skill employees, than employers could replace 2-3 employees with 1 skilled worker who can multitask and perform the job at hand well. Another thing to think about when considering raising minimum wage is healthcare. Many workers would rather make less on the hour and be able to have company sponsored insurance rather than make more on the hour and have those hours cut back and left to get Obama care exchange for insurance that they may not need. One more factor to consider is that supporter’s of this debate is that raising minimum wage will reduce poverty and homelessness. According to Forbes roughly 60% of the homeless do not work, the only thing raising the minimum wage does for them is make it harder to obtain a job (Dunkelberg 1). Therefore not only does raising minimum wage eliminate jobs from people but it does not help reduce poverty
Minimum wage should be raised because it raises the living standards for impoverished people, it would save the government money, and it would help reduce income inequality.
In conclusion, the federal minimum wage should be increased not only so it will help people being paid minimum wage to adjust to the always changing prices. It would allow people living in impoverished places to help themselves and clean up their communities. This would not only benefit the people being paid minimum wage, but it would also help the economy over time. If the federal minimum wage is raised we could slowly see an improvement to the conditions of communities occupied with people whose jobs are paying minimum
On the ladder of economic success, minimum wage is the bottom rung. Raising the wage can put the rung out of many people’s reach and take away any chance at all for them to climb their way up. Many people believe raising the minimum wage will reduce poverty levels and that the wage has not caught up with inflation; however, the raise would have more negative than positive effects on the economy. These negative effects include unemployment and an increase of the price of consumer goods.
First off, increasing minimum will help reduce poverty by making people work less hour but still have enough money to live on it. In the article “Minimum Wage,” it said “The current federal minimum wage of $7.25 per hour is too low for anyone to live on.” It clearly shown that the minimum wage of $7.25 per hour is too low and needs to be rise higher so that it allows more people to be doing something then just begging on the street.
Some people think that higher minimum wage will increase the prices of nearly everything and job losses will be more common. “A number of researchers have found that modestly higher minimum wages can raise incomes for low-wage workers without reducing the number of jobs in an area.”(Noam) Higher minimum wage could lead to good things such as less people in poverty and people being
Raising the minimum wage helps both the employees and employers. Boosting the economic growth in America. Minimum wage helps ensure a fair wage for the low paid workers. There have been debates on this economical topic for years, whether if it should or shouldn't be raised. In the United States, the Minimum wage should be raised. By doing so it brings good benefits and keeps the economy stable.
Lowering poverty rates is one undoubted benefit of raising the minimum wage. There is plenty of evidence that shows raising the minimum wage will bring the working poor out of poverty. In “The Case for a Higher Minimum Wage,” the Editorial Board states that “an hourly minimum of $10.10, for example, ... would reduce the number of people living in poverty by 4.6 million.” When people earn more money, the foregone conclusion is that they will be given the power to move above the poverty line. The Editorial Board further notes “minimum wage increases resulted in ‘strong earnings effects’
The minimum wage for workers should be increased for a number of reasons. Generally speaking there are many benefits and circumstances on raising the minimum wage, but if we don’t take action on changing the amount people are getting paid then there will be some consequences. First of all, raising the minimum wage would reduce the number of people who are in poverty which is far greater than it needs to be. Moreover, raising the minimum wage would lead to less premature deaths and allow many people to live healthier and longer lives. Finally, raising the minimum wage would allow many high school students that are in poverty and working to attend school more often than they already are. There are many pieces of evidence that will prove my point