Should Minimum Wage Be Raised Research Paper

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.

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.

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?

Raising the minimum wage is a very important public policy issue. Raising the minimum wage is a responsible policy that is supported by research and demanded by the American public. Each day, minimum wage workers across the country struggle to make ends meet and provide a decent life for their kids (Scott & Perez, 2016). Raising the minimum wage is a controversial issue, many believe that raising the minimum wage would only provide low wage workers more money to spend. However, the benefits can be endless for low wage workers. If minimum wage is increased across the United States it would afford the people effected more opportunities for financial freedom. Increasing the minimum wage would raise the standard of living for low wage workers, allow families to be removed from poverty, allow for government welfare spending to be reduced and lastly additional income being spent would positively affect the economy.

"According to a 2014 Congressional Budget Office report, increasing the minimum wage to $9 would lift 300,000 people out of poverty, and an increase to $10.10 would lift 900,000 people out of poverty.” Currently the federal minimum wage is $7.25. The government should raise the minimum wage to $9.25 per hour. We need to raise the minimum wage to the point where the lowest paid worker can afford their basic needs. Raising the minimum wage would strengthen the workforce and the economy.

To begin, increasing minimum wage would increase economic activity. With an increase of $1.75 hourly, it has been predicted that there would be increase of aggregate household spending to $48 billion the next year (Aaronson). This increase would boost the United States GDP and lead to job growth, which proves that higher minimum wage equates to higher economic activity. In addition, it has also been found that raising minimum wage would would benefit

Have you ever thought about feeding a family and paying the necessary bills on $7.25 per hour? If you answer “no,” then think about this. With this type of salary you could not cover your rent in most parts of the United States, much less feed your family. In this day and time this feat cannot be achieved without raising the minimum wage. If our current government does not raise the minimum wage than a person earning minimum wage would need to work two or three jobs just to keep up with inflation.

What we can gather from this is that a minimum wage increase may initially lower employment, but in the long run the

In conclusion, 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. So, I believe we need to raise minimum wage from $7.25 to $10.10 because it will greatly benefit this

By raising the minimum wage some people will no longer live below the poverty line, the amount of consumer spending will increase and more people will be in better health.

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 common misconception about base pay jobs is that they are primarily for teenagers and inexperienced workers, while numerous teenagers do work these positions, it appears as though that trend is slowly coming to an end. As time continues to go on more and more adults find themselves working at a minimum wage job. One thought associated with the possible increase of wages is that those in entry level jobs will lack the motivation to move up on the ladder. Generally, those workers only work there in order to make a living, so if they were given a better opportunity they would most likely take it. It is not often that a person is inclined to flip burgers for their entire life. This major conflict has resulted in heated debates and varying opinions, resulting in the question; should minimum wage be increased? The answer to that question is yes, with things such as inflation, the cost of living has greatly increased, it directly affects a lot of people such as college students, and it could help the economy more, rather than hurt it.

The average hourly pay in The United States is $25.73 (Table B-3). That is more than triple the minimum wage. If the minimum wage is increased, it would eliminate people’s incentives to improve. On top of that, inflation would occur, and poverty would virtually stay the same. In addition, raising the minimum wage would bring on hardship for small businesses. Of course, one may argue that the minimum should cover the cost of living, but people should have to work for their money. The minimum wage should not be raised in the United States.

Professor of Economics and author Ravi Batra found that employment has increased almost every time the minimum wage has gone up (187). For example, in the year following the minimum wage increase in 1997, the last time there was such a raise, employment rose by 1.9 million people. In 47 years the minimum wage increased 17 times, 14 of which saw a rise in employment a year after the increase took place. Even in the short-term, an increased minimum wage will not create unemployment.

Today "the federal minimum wage" is $7.25 per hour since July 24, 2009. It has failed to keep up with inflation. The