The federal minimum wage should be raised for the low-income workers, because it may reduce the gap between the rich and poor in our nation, it can help bring people up from below poverty lines, and will improve the economy. The federal minimum wage has been widely talked about, and continues to be a growing issue in the United States today. Many low-income workers have come together because they want equal pay. The gap between the rich and poor in the United States is constantly growing, due to the fact that minimum wage is low for the poor but not for the rich. The rich are getting richer and the poor are getting poorer. There is no gray area in this situation. According to A Project of The Institute for Policy Studies, “The top 0.1 percent is taking in over 184 times the income of the bottom 90 percent.” There …show more content…
Because they say employment, rates will decrease. No, it will not here is why “Businesses will need to hiring to keep up with demand from the extra spending from low-income workers who are purchasing more.” (Halvorson). The unemployment rate will not increase because there is so much profit that’s being made. According to John Komlos, “The rise minimum wage will come mainly out profits, where there are lots of that. They also say people need a higher education if they want a better paying job. I agree that if you want a good paying job you should probably go to college. However, for the majority, college is not for everybody. I have even heard of cases where people will get a four-year degree and still will not be able to get a good paying job right out of college. That is just crazy, because people do not graduate from college to work for a poverty wage. Another reason that a single parent can’t support their family and pay for college on $7.25 an hour without the help from government assistances. Raising the minimum wage would have a positive effect on this country and the people living in
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.
There are many employees who find themselves working full-time for what the government has so generously termed the “minimum wage”. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and Seattle recently established a plan that would see their minimum wages rise to $15 by 2021. The question for all the other forty-eight states remains, should the minimum wage be raised?
Should the minimum wage be raised? This question is the question being asked by millions across the United States. Most people will say yes, however, an economist will most likely say no. This is a very important subject and what the people of the United States should be compelled to notice as well as take action on the minimum wage. In the United States, 3 million people make less than the federal minimum wage. Furthermore, with over 60 million people living in the lower middle class the minimum wage is not high enough. That's why the minimum wage should be raised to $15 an hour because CEO's support it as well as it presents a living wage.
Should the minimum wage increased to $10.10 an hour? This has increased over the years and everyone has their opinions. Those who are in favor of increasing minimum wage to $10.10 believe that more money will decrease poverty and the unemployment rate. Those who oppose the increase in the minimum wage, believe that it should not be increased and should stay the same, because it will cause businesses to close up because they are not making enough money to survive in the economy An increase in minimum wage would have to make the employees work harder to make increase sales of the business. I believe that the minimum wage should not increase to $10.10.
This has been a discussion for the ages. The debate over raising the minimum wage has been a hot topic. Raising minimum wage would reduce poverty, be better for lower paid workers, and to reduce expense for social programs.
"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty."
Minimum wage is one of today most debated topic among Americans society. Whether or not the government should raise the minimum wage from $7.25 to $15. This is shown by these two articles who have a different view about the topic. In the first articles written by John Komlos Title “Column: Why raising the minimum wage is good economics” the author claim that the minimum wage in the US is way too low for the high living cost in today society. Whereas the second article written by Harry J. Holzer call “A $15-hour minimum wage could harm America’s poorest workers” he claims that by raising the wage to $15 is too much and it would actually do more harm than good for minimum wage workers. Both of the articles supported their claim by giving static and experts research in order to back up their augment. As for Holzer, he uses a lot of his opinion in order make his claims which are really strong as wells. However, on the other side Komlos use more static and calculation as well as emotional tone in order to help paint the picture for the reader to see what he is trying to say. Which this give it a more well-rounded view of the topic more.
In early March 2016 Governor Jerry Brown passed a new bill to increase the minimum wage in California from ten to fifteen dollars by the year 2022. The minimum wage will be increased by one dollar each year until 2022. This will give businesses enough time to meet state requirements to raise wages for employees. The bill was created to help people who are making less than minimum wage but it will disable California’s economy system and cause negative effects for people who are living on the current minimum wage system. The rise of the minimum wage will cause people to lose their jobs, get hours reduced, lose health benefits, and companies to go bankrupt. The increase of wage will cause inflation of prices on goods and services that companies provide. California’s state taxes will increase, causing people to pay more taxes and lose more money from their paychecks. It will also cause people to stay away from higher education because it will be easier to find a higher paying job without a degree. The raise of the minimum wage will cause negative implications, both immediate and in the future, and will also affect higher education.
People everywhere are voicing out that we need to increase minimum wage, again. They say that an increase will have a minor impact on jobs but there are no facts to back them up. The impact of raising minimum wage has been studied since the beginning, and has been concluded that raising minimum wage hurts the poor, and helps the rich. Raising minimum wage takes away jobs; especially the low-skilled and young worker, keeps people on welfare, and also encourages high school students to drop out. When you look at the facts, is it really worth raising minimum wage? All credible research has come to the same conclusions, and these I will discuss with you.
Contrary to these beliefs, I believe that raising the minimum wage will not only benefit the company and employee immensely, but overall increase the productivity of workers. The raising of the minimum wage will help these low income families support their families, which decreases the poverty level too.
As far as employment rate, I do believe that it would hurt small business. A small business is normally run by one employee or a few and they might not have the funds to pay several employee. But big company I believe it won’t hurt them, more than likely they have the money to pay their employee and provide medical insurance. But now that they want you to have health insurance, business Polly will cut employee hours to part-time witch will hurt low-income families. But if minimum wages did go up, then this low-income family can afford to provide for their family and health insurance. According to dol.gov, academic research has shown that higher wage sharply reduce employment and training cost. Also, minimum wage increase has little or no effect on employment as studies from economist across the country (dol.gov). If minimum wages was raise I think the government would spend less taxes dollars for low-income family that have food stamps and other government assisted program, because if these low-income family had a little more money to spend each month, they would not need to have more food stamp every month. This also go with child care, every month some parents are giving a break on how much to pay child care provider, when other family over the poverty line have to pay way more than a low-income family would. Now, during my research I had a hard time
If you have ever worked for minimum wage, I am sure you have felt as if your time was worthless. After taxes you brought home next to nothing, no matter how often you worked. That's at least how I felt when I worked for minimum wage. In high school I had nothing to pay for but a cell phone. I worked for minimum wage and it seemed like I barely could afford it. I had basically no bills and I worked around twenty hours a week, and it seemed like I couldn't save any money. I always wondered how my coworkers, who were adults, who had real things to pay for pulled it off. After reading Barbara Ehrenrech's Nickel and Dimed it really made me wonder if the current minimum wage is really high enough.
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.
A bill increasing the current minimum wage is greatly needed, and our government officials should demand a raise due to the increase in the cost of living, as it’s no longer realistic. We need higher paying wages for all, middle and lower class income levels. Without some sort of help and support from our government the economy will only get worse. Students will not be able to afford the cost of school and living. Single family households will not be able to support their selves.