The Government Should Not Raise the Minimum Wage
The economic status is unstable, and every politician who runs for office would explain their solutions for our economic crisis by creating jobs and raise wages. Recurrent debates over this topic convinced many people to believe raising the minimum wage is the key for financial problems. However, the consequences resulted in this solution will make matters worse. People are ignoring the contradictory logic between “creating jobs” and “raise wages”. These two terms are opposite from each other, in fact, raise the minimum wage will not only damage small businesses but also reduce employment. Everyone wants the most of everything including money. People who receive low incomes desire to earn more than minimum wage. From their
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The purpose for minimum wage was to pay high school or college students who have yet decided their permanent careers. According to The Future of Freedom Foundation article, “Minimum-wage workers tend to be people who are young, have never been married, are unskilled, have no more than a high-school education, work part-time, and work in the leisure and hospitality sectors of the economy.” There is a reason why they are called “minimum wage” is because they are the starting point, not a career. Companies will give more pay for higher skilled workers compare to McDonald’s workers. Raise minimum wage would prevent full employment and inhibit economic growth. Raise minimum wage will cause the increase in other’s wages as well. It wouldn’t be fair if the minimum wage worker makes the same hourly pay as the higher skilled worker. You have to give both sides the same thing in order to prevent unfairness. However, if the government raises personal pays then the price of goods will increase as well which can cause inflation. This will result in increase in demand and decrease in supply. Raise minimum wage will increase the price associate with
The topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy.
For many years, there has been an ongoing and strong debate in the United States on whether or not minimum wage should be raised from $7.25 an hour to over $10.00 an hour. Minimum wage is the lowest amount a company or employer can pay their employees. Many argue that the benefits of raising minimum wage surpass the negatives, yet many also disagree. But as a whole, the benefits of a higher minimum wage clearly outweigh the costs that come with it. Minimum wage should be raised because it would increase economic activity, reduce poverty levels, and allow for less government spending.
Minimum wage has always been a controversial issue. Many politicians use the argument of minimum wage for their own political propaganda. Some may argue minimum wage should be raised, while others believe it will have detrimental effects on our economy if it is raised. Surprising to most people, minimum wage earners make up only a small percent of American workers. According to the Bureau of Labor Statistics, minimum wage workers make up about 2.8% of all workers in America. “The majority of minimum wage workers are between the ages of 16 and 24. These are high school and college students” (Sherk 2). But high school and college students are not the entire percentage of minimum wage earners. When minimum
Raising minimum wages is a contestable issue because it is debated in wide and varied audiences. Minimum wage is near the top of economists’ interest; they are looking for the connection between low wages and poor job markets. Each country sets its own laws and regulations regarding wages. For this reason, it has significant importance to policy makers and workers in each of those respective countries. Social activists have also found interest in the topic due to the fact that those who earn a minimum wage tend to come from poor minority families. Furthermore, the average American should have the strongest interest in the conversation because most citizens have been paid a minimum wage at some point in their life. Due to this fact, the idea of a significant federal minimum wage increase in America is open for debate specifically to rejuvenate the job industry, improve living conditions for citizens, and strengthen the economy as a whole.
wage does more harm than good to the working class people. The hope of every American
Minimum wage should be raised since the living wage continues to rise. Minimum wage was established in 1938. President Franklin Roosevelt was the one to sign the Fair Labor Standards Act that established minimum wage.. The minimum wage boosted up in 1968 to one dollar and sixty cents.That would have been ten dollars and fifty-two cents in 2012.. In 1991, the minimum wage increased to four dollars and twenty-five cents an hour.. Then in 1997, it went up again to five dollars and fifteen cents an hour. The last time minimum wage was raised was in 2009 to seven dollars and twenty-five cents an hour. Minimum wage should be raised because of inflation, economic gap, and middle class support.
Should America’s minimum wage be raised from $7.25 all the way to $15 an hour? Many are for raising it because they say it will decrease the amount of families living uncomfortably in poverty struggling to pay rent, feed their children, and make ends meet. But those who are against it, say it will increase the amount of businesses going bankrupt and will drive unemployment sky high. Critics of minimum wage say that minimum wage should be changed to living wage which will take the economy into account and would provide families with enough to live a comfortable lifestyle. Raising minimum wage in the United States to $15 an hour would be a bad idea for three reasons, earnings per share in even large stores would plummet, it would drive unemployment to an all-time high, and it will not take the economy into account.
In today's society it's expensive to live in America and even getting day by day is very difficult if you are living on minimum wage, of course it's more difficult for some people than others depending on their situation and their living conditions. America should raise minimum wage because it would make things easier for people who are struggling. A higher minimum wage not only increases workers’ incomes, it will also be good for our economy. A quarter of people working minimum wage are at least raising one child. This change will help a lot of people it would make our country a better place.
Imagine being a single mother of three. Now let's say someone didn’t finish high school because they were pregnant with their first child. They are also paid at minimum wage, which is $7.25 an hour where they live. Would it be possible to live like that? 1.3 million people in the united states are paid at minimum wage. In some states the $7.25 an hour is lowered or there is none at all. Minimum wage should be raised, although some argue it shouldn’t because of consumer prices.
Many argue that raising the minimum wage makes hiring workers more expensive, eliminates jobs at the bottom, slows growth and ultimately raises unemployment. Economic studies show that raising the minimum wage to keep pace with inflation creates little additional harm, but what the president is
Since 1938 the federal government for the United States of America has set the minimum wage. The laws were put in place to prevent employers from taking advantage of workers and paying a person less than the mandated amount per hour. At this point the minimum wage has not been increased since 2009 and it is only $7.25 per hour. This means that a person working full time will only gross $15,080 per year, an amount that is well below the poverty line. It is time to raise the minimum wage for several reasons: First, if you take in to account inflation, a person making minimum wage today is making less than a person who made minimum wage in 1968. The minimum wage in 1968 was equal to about $8.68 in 2016 dollars. Second, people earning a good wage is not only good for the worker and his or her family, it is good for society. And finally, raising the minimum wage will act as a stimulus for the economy.
Minimum wage should be lowered for the purpose of getting people who just got hired for a job comfortable with the job and being responsible for what they are doing. Especially for teenagers, who may be getting their first career jobs and are not sure what they are really doing. A teenager who just got their first job should not be getting the same amount of money than someone who has had a job their whole life and may be working harder than the other. Minimum wage should be lowered so small businesses do not have to pay so much money to the employees which could cause the business to close down due to a loss of money. If minimum wage was lowered than more jobs would open up for people since the business would not have to pay a lot of money
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
Minimum wage always seems like a topic of conversation in the media. As of now, the current set minimum wage has been claimed as not being a livable wage, therefore there has been an outcry to raise it. However, we cannot turn a blind eye to what that may do to our economy. While raising the minimum wage can have a beneficial effects of providing a livable wage, reducing the need for dependent of poverty-focused government resources, and may even reduce crime, there can be many hidden problems that crop up through the woodwork that can undermine this improvement.
This weeks article is about how New York City workers at fast food restaurants are protesting for an increase in minimum wage in the amount of $15 an hour. This movement began about four years ago and now the Gov. Cuomo recommended for the wage to increase. Cuomo appeared to have a positive attitude in his speech about this wage change. The increase in the wage will first take place in the city and then spread throughout the state. This means that the increase in the wage would represent a raise of more than 70 percent of the workers that are currently earning $8.75 minimum wage. The article stated that, the change for the low wage for the restaurant workers would help increase wages in other industries. This specific statement seems to me as an agenda control.