Should Minimum Wage Be Increased

The fast-food workers are expressed as a pond in a bigger game. They have to deal with their low pay in order to ensure low prices by these franchises. Jencunas concerns go on to represent the beginning of a bigger chain effect. Briefly, he states that, “The average fast food store would go from profitable to unprofitable overnight. Some would close immediately, leaving their workers worse off than they were when working for $7.50 an hour, while others would raise prices and try and remain in business, hurting consumers” (“Don't Deserve Any More, or Less”). Evaluating his reasoning we see that if fast-food workers ask for a higher minimum wage, they will in return influence the profit margin and actually increase unemployment rate in this industry. The researchers go on to inform us that if their minimum wage increases the industry won’t be able to afford the change in their profit margin and result in bankruptcy. However, Mary Kay Henry, president of the Service Employees International Union, which supports the fast-food strike states a different claim:

I decided to write about how I felt regarding the federal government's involvement in controlling the minimum wage and that I felt they are disconnected in their understanding of the impacts on communities when they raise the minimum wage. I work for a manufacturing company in the U.S. and I understand wholeheartedly what the impact of salary increases due to our bottom line. In very competitive markets the difference between success and failure can be separated by the difference of only a few dollars per part, and while in other countries, their manufacturing bottom line is subsidized by their governments we are forced to generate profits the old-fashioned way through supply and demand. This is why I decided to take a stance in my persuasive essay and challenge the status quo of the Department of Labor and Wages. No longer should the federal government dictate a national minimum wage but should allow each state to establish their own minimum wage based on the economic condition of their counties and their state, as a whole.

The topic on whether the minimum wage should be increased our untouched has been a hot topic in the media and political scene lately. Both the republicans and democrats have spent some big bucks lobbying their insights on the matter. There has been a lot of subjective and objective arguments that are reasonable on both the pros and cons of increasing our national minimum wage. To add to the drama associated with this topic, President Obama endorsed a bill proposing a nearly 40% rise from $7.25 to $10.10 per hour. The President has been campaigning around the country ever since his State of the Union address, pushing congress to raise the minimum wage to $10.10 an hour. Many say this is too high due to the costs of enacting such an increase, and many say this is a little low due to the increased cost of living. After looking into both sides of this debate, I realize that overall it would be better for the well-being of our nation to increase the minimum wage due to the short term and long term costs that an increase of the minimum wage could lead to. In terms of helping out the lower class and poor citizens of the United States, increasing the minimum wage level is not the answer.

While I think that the minimum wage should be raised to $15.00 an hour, Mark Perry, a scholar at AEI and a professor of economics and finance at the University of Michigan 's Flint campus, argues “Seattle’s new minimum wage law takes effect April 1 but is already leading to restaurant closings and job losses” (Perry). Perry wants us to know that the Seattle’s new minimum wage law is “a government-mandated wage floor that guarantees reduced employment opportunities for many workers,” and increasing the minimum wage will surely leads to small business closing and job losses (Perry). However, what he said is erroneous, and a recent report written by Michael Hiltzik, an American columnist and reporter, won a beat reporting Pulitzer Prize in 1999 and won a Gerald Loeb Award for Distinguished Business and Financial Journalism in 2004, also validated this statement.

In the article “ What a $ 15 Minimum Wage Would Mean for Your City” by Noam Scheiber. In the article he talks about if minimum wage is increased to $15 the wage floor can rise before it can be reduced employment and it should be hurts the economy. Recently in New York state to settle to increase the minimum wages for workers at fast-food restaurant to increase $15 an hour. However, New York is the expensive state in the US, because of high wages and high cost of living, it’s may be one thing to increase the wage. Economist should believe that the higher the minimum wage ratio, the greater risk of job losses. Because of the business people have to pay more money to the employee rather than to get the more profit from their own pocket, it could

The article “California Reaches Deal on $15 Minimum Wage” by Paul Davidson is about California’s minimum wage should be raised up to $15 an hour and it is in deal. Governor Jerry Brown and state legislators are propelling to raise California's minimum wage up to $15 in an hour by 2020. According to Fight for $15, about 6.5 million people in California, or 43% of the state's workforce, will earn less than $15. A dozen cities, including Los Angeles, San Francisco, Seattle and many other municipalities in California, have already raised their minimum wage to $15. In New York, Governor Andrew Cuomo proposed a $ 15 fee for New York City from 2019 to 2021. Labor advocates agreed with the pact. However, I disagree with this concern, and I think that

Supporters of an increase in minimum wage, the McDonalds employees that demand $15 per hour, argue that they need a “living pay”. Furthermore, they state that it will bring workers out of poverty and will have little negative effects. There is evidence to support this claim. One of them being that when the minimum wage increased from $6.25 to $7.25, there was no immediate negative effect.

Supporters of an increase in minimum wage, the McDonalds employees that demand $15 per hour, argue that they need a “living pay”. They state that it will bring workers out of poverty and will have little negative effects. There is evidence to support this claim. One of them being that when the minimum wage increased from $6.25 to $7.25, there was no immediate negative affect.

“In the years since the protests began, corporations and retailers including Wal-Mart, McDonald's, Ikea, Gap and T.J. Maxx have agreed to raise wages for the bottom rung of workers.”1 Cities such as Los Angeles are starting to take notice and making changes to the minimum wage to the magical number of fifteen. As the movement gets more and more successful, the social inequality of classes are becoming more equal. The discussion of raising the minimum wage is being more popular, candidates for running or rerunning any public office are listening to the voice of the poor and are acting to make their lives better, breaking down walls of social inequality. Candidates such like Bernie Sanders, are supporting to raise the minimum wage and “The governor of New York and the mayor of Pittsburgh issued orders Tuesday that will lead to a $15 minimum wage for all government

The real question everyone wants to know is, is the minimum wage going to increase or will it remain the same? Let's go back in time to where it all started in 1938. President Franklin D. Roosevelt set the minimum wage to $0.25 cents an hour. FDR had a great statement about minimum wage and it's not for little kids. The statement proposes "is the amount of money a family can make in order to survive." Originally that was what the minimum wage was established as. Problem is, other salaries have risen exponentially and the minimum wage has remained stagment and has not kept up with inflation. With every new president there has been an increase in minimum wage, whether it was a big jump or just simply $1.50

The Democrats and the independents were in favor of increasing the federal minimum wage, but the Republicans were evenly split about that proposal. The efforts to raise the minimum wage from $7.25 per hour have stalled but Los Angeles, New York state to Washington, D.C. have started to act on their own to raise the minimum wage rates. In order to achieve a good balance in income distribution, the government try to stop the rich from getting richer and the poor from getting poorer. This is the way the federal and state governments balance income distribution and keep the minimum wages laws the way they are. Another study examined how teenage employment and school enrollment changed after states raised their minimum wage (Neumark and Wascher, 1996). The minimum wage determines what the employers can pay for labor. An increase in job loss is a reason for not increasing the minimum wage in New Jersey. “Los Angeles lawmakers Tuesday voted to boost the minimum wage to $15 an hour by 2020, the largest city to try to help its lowest paid workers survive amid the nation’s growing income inequality” (Winter, USA

However, it can obviously see that labor surplus in Diagram 3 is greater than Diagram 2. The plan to set the minimum wage at $15 an hour will increase the rate of unemployment by higher proportion if compare to minimum wage at $7.25. According to the article, this increment of wage floor not only affects the employment rate of workers but also influences the business profit of the fast-food sectors. Although a higher minimum wage benefits the workers with the higher cost of living in New York, but it also bring negative impacts to them. The unskilled workers tend to compete with those skilled workers, because more people look for jobs in the labor market. Meanwhile, the employers tend to choose those skilled workers which lead to many unskilled

The minimum wage has arguably become the most controversial topic regarding our economy today, as it influences one of the largest classes of people within the United States, the working class. Federally, the minimum wage has not been raised in eight years, so it has stayed at $7.25 per hour for all non-exempt workers (U.S. DoL). The opinions on this topic are typically split across a progressive-conservative line, with progressives being in favor of a raise from $7.25, and conservatives wanting to stay at the current rate. This can be seen when looking at the typical progressive stances from states and municipalities that raise the minimum wage for businesses operating within their jurisdiction, since the higher rate among all levels of

New York City has the fourth highest rate in the United States when it comes to the cost of living and yet; New York City currently has a minimum wage of $8.00 an hour with an impending increase to $8.75 by 2016 (Raising, 2014). While other states like Chicago has a cost of living that is 13.14 points below the cost of living in New York City, and yet, Chicago is still pushing to get their minimum wage increased to $15.00 an hour. (Raising, 2014) Now that is $6.25 more than what New York City will have in 2016. The fact that a state has such a high living cost and a minimum wage significantly lower than another states, one whose living cost does not even rank in the top ten of the United

The article that we are critiquing is aimed to assess the blow of increased minimum wage from $4.25 to $5.05 per hour in 1992 on the employees working in fast-food restaurants in New Jersey and Pennsylvania. The author has shown two comparisons in this study. The first comparison is the employment growth rates at the fast food stores in New Jersey and Pennsylvania, before and after the minimum wage raise. The second comparison is the change in employment rate from fast food stores (in both states) that pay higher wages initially to the lower wage stores. Krueger Card concluded that there was no indication or signs that the minimum wage increase, decreased employment