Should Minimum Wage Be Increased

There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than seven dollars and twenty five cents. Countries set minimum wage laws, to ensure there is a basic quality of life amongst its citizens. As the minimum wage goes up in certain states, the quality of life also improves. The problem with a higher minimum wage, is now people are getting paid higher for entry level jobs which are meant for teenagers and people new to the workforce. If the minimum wage keeps increasing across the country, teenagers and young adults will have a much more difficult time finding jobs.

Inflation has also been one of the signature conflicts of raising the minimum wage. In the past 5 to six years, the inflations levels have been at 1.5 percent (CNN money). By raising the minimum wage, should not increase inflation but help it maintain its current state. When adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its purchasing power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s (U.S dept. Labor). That 's why President Obama is urging Congress to increase the federal minimum wage and give low-wage workers a much-needed boost.

As our federal government debates the idea to raise the minimum wage, there are several interesting questions that occur. Most importantly, should we raise the minimum wage? I believe it is a bad idea to raise the minimum wage from $7.25 per hour up to $10.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy.

Should minimum wage be increased? Passage one strongly supports and gives details on why minimum wage should be raised. Many workers are asking for a national minimum wage increase to $15 per hour, while others say that a higher minimum wage will stifle business and ultimately hurt the economy. So, should the minimum wage be increased or not? The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers earn the federal minimum wage or below.

The United States economy is still soft and prone to falling apart, and there is a debate that is on going as to whether the minimum wage should be increased or decreased. The minimum wage is a well known price floor, and that is what we need for our economy right now . I personally believe that we should not increase the minimum wage, but decrease it instead. I would rather have the minimum wage lowered than increased because that will only lead to negative side effects. For example, if the minimum wage is increased then the government will need to mint more money and the effect of minting more money is inflation. This will cause the American dollar to go down and worsen the economy even more. Another thought is that what the United States needs now are jobs. If the minimum wage is increased then existing jobs will want their workers to have more experience and for those people that are in dire need to a job will have a lower chance of getting the job because they

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.

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 twenty-five cents an hour. FDR had a great statement about minimum wage and it 's not for little kids. The statement proposes "no business which depends for existence on paying less than living wages to its workers has any right to continue in the country" (Olsen). This is the original thought behind what we now know, today, as minimum wage. The problem is that other salaries have risen exponentially and the minimum wage has remained stagnant and has not kept up with inflation.

U.S. Democratic Presidential candidate Bernie Sanders has said, “It is a national disgrace that millions of full-time workers are living in poverty and millions more are forced to work two or three jobs just to pay their bills” (Wolf 1). Sanders has said this frequently and is referring to the drastic amount of Americans who are currently struggling, despite already having a job. The issue of whether or not to raise the minimum wage in America has been a widely discussed topic for years. Minimum wage refers to the smallest amount of money a worker can legally be paid in the U.S. It was first signed into law in 1938 by President Franklin Roosevelt in order to keep workers out of poverty and as it stands, the current federal minimum wage in

Should minimal wage be raised to $15.00 an hour? I think that minimal wage should be raised and would greatly benefit the economy. Raising the minimum wage can lead to economic stimulus, create more opportunity for jobs, and reduce the expense of social programs. If the economic stimulus is improved, there is more money to be spent. If there are more jobs created, people can appreciate productivity and turn down rates. If the expense of social programs is reduced, low income families would not have to worry about depending on welfare. Raising minimal wages would give hope to the woman, different race, and encourage and motivate others to further their education. (Doyle, 2015).

If minimum wage was to increase so would the prices Americans will be forced to pay for goods and services. Businesses do not want to lose any money that they could potentially be making. They will do anything they can to prevent a loss of income. If Congress was to increase the requirement of pay, Americans would quickly see the prices increase. A 2015 Purdue University study found that raising the wage of fast food restaurant employees to $15 or $22 per hour would result in a price increase of 4.3% and 25%. With prices increasing, people won’t be buying businesses products because they may see it as too expensive. If the people who had a raise in

(http://money.cnn.com/2009/01/09/news/economy/jobs_december/) Today, the minimum wage is $9.00 per hour but on January 1, 2016; the wage is going to increase $11 per hour. Some people believe that the solution to this problem is to automatically raise the minimum wage, however doing so would have a profound impact in a negative light on the United States’, businesses, and the

The continuous demand for more cash for less work has constrained Uncle Sam to raise the lowest pay permitted by law endless times in the last half century, which brings about higher costs for whatever is left of us. Another raise in the minimum wage would, as all the others before it, raise costs for buyers, which would again bring about another interest for an increase in the minimum wage again with no end to the cycle. It's an egregious pattern that must be halted before it loses control and brings utter chaos and a dismal end to our economy.

When it comes to raising the minimum wage or not,my point of view is that generally, it is good to keep raising it, but can’t raise too much. Let me explain why keep raising minimum wage do more good than harm. We should all know very clear which group of people are caring about or affected by the minimum wage law, it is those people in the bottom of this society. Fifty dollar increase every month means a lot to them. So, increase the minimum wage is the most effective and straightforward way to improve their life quality. Too much increase, however, should be banned. For the reason that it will make them lazy and think that minimum wage is enough for me to get along. So why not I have to work harder to have a slightly higher salary

Things in our society have changed drastically in the last ten to fifteen years. I remember seeing gas prices for $1.00, but I also remember when they were almost $5.00 a gallon. Things are not cheap like they use to be. A lot of people have to work more than one job to make ends meet. Single mothers have to pay for daycare, and that is expensive in itself. There has been talk for quite some time about raising the minimum wage. With everything in life, there will be positive and negative impacts on this subject. I for one am for a minimum wage increase. We will take a look at the aspects it will have for employees, how the increase will affect our cost of living, and how it will affect employers.

The minimum wage is a heavily debated issue invading politics in the United States and plays a large role in the global economy. Democrats tend to lean toward raising the minimum wage, while Republicans tend to lean towards keeping the minimum wage the same. It was first called upon in 1938 as a part of the Fair Labor Standards Act. This was understandably called upon due to the large amounts factory workers that were being taken advantage of by big corporations along with child labor. As years progressed, the minimum wage has increased due to inflation. Currently, the federal minimum wage is $7.25 per hour and this was last updated in 2009. Protests such as Fight for $15 sprouted all across the country to raise the federal minimum wage to $15 per hour for fast food chains and other non-skilled work. The inflation rate between the years 2009 and 2017 has relatively remained the same. Therefore, the minimum wage should not double in eight years with a relatively stable inflation rate. The minimum wage should not be raised due to the fact that it causes jobs to be moved outside the United States, kills jobs and hurts small businesses, and prevents new teen workers from gaining work experience for more skilled jobs.