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. 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
The reason of the fall in oil prices are the constant change of demand. The need for the oil is actually stagnant. Crude oil is becoming a product of the past. Today, you can harvest energy from solar, wind, water, heat, and waves. According to The Economist, “The use of fossil fuels in the rich world is mostly falling. Emerging economies are not currently taking up the slack”.
The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.
The minimum wage was set in a federal mandate back in the 1938, by President Franklin D. Roosevelt, to have a minimum hourly wage set across the United States. The bill is known as the Fair Labor Standards Act (FLSA). It was founded to boost the low-income families and provide some money to the full time workers. In its original form, the bill first covered about 38 percent of the workers in America such as covering the workers in the mining field and transportation industry. As we became more technologically advanced it starting covering the airplane industry by 1947 and construction sites by the early sixties. In America today, the FLSA has covered close to 85 percent of the American workforce (Wilson, September 2012). The FLSA
Many people wonder if a raise in the federal minimum wage would help or hurt American. The federal minimum wage was introduced in 1938 during the great depression under FDR. It was initially set at 25 cents per hour and has been increased by congress 22 times. No we should not raise the federal minimum wage because it would hurt small businesses, increase competition between worker, and increase prices of good.
“When we talk about the kind of folks whose lives will be made better by raising the minimum wage, we 're not talking about a couple teenagers earning extra spending money to supplement their allowance. We 're talking about providers and breadwinners. Working Americans with bills to pay and mouths to feed” (Perez 2015). Minimum wage is a problem to America because some people cannot live off it and some people say businesses should not pay extra. Should the minimum wage be raised ? “A native of Detroit, Cecil Euseary, 52, moved to Holland, Michigan in 2007, after his mother died — he had to get out of town. He moved back to Detroit in 2014.He works at Burger King working minimum wage there. He can only get about 25 hours of work per week at Burger King. Cecil has been active in the "D15" campaign to increase the minimum wage in Detroit to $15 per hour. He once met with U.S. Secretary of Labor Thomas Perez, when he was visiting Detroit. "It 's hard. If it weren 't for my god mom — this is her house; I get a room upstairs — if it weren 't for her, I don 't know what," Cecil says. "I 'd probably be out on the street, in a shelter." (Euseary 2014). The minimum wage should be raised from $7.25 to $10.10 an hour because if you raise the minimum wage to $10.10 an hour it would lift people out of poverty, it would increase the federal purchasing power and not as many families struggling to make ends meet. Here’s another story, Enriqueta works as a housekeeper for minimum wage in the
When it comes to raising the minimum wage, it 's an essential (U.S dept. Labour)ingredient in entering a stable economic society. Congress must raise to the challenge or face the consequences of a declining economy. With more than 70 percent of working class people working on minimum wages, the economy will surely benefit from giving them an increase. If they refuse to make an advancement towards the situation; we will make it very difficult for our future generations to raise out poverty. Help the working class people of American and pave a brighter road to our future economy. Lift the spirits of the American by giving them a raise. The cry of millions of American citizens living in poverty is most important to the economy. Whereas, raising
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.
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.
A reoccurring topic in most political debates is whether minimum wage should be raised or not. Many say $7.25 is simply not enough for a family to survive in our economy. President Obama has taken a strong stance on this topic encouraging congress to raise the minimum wage to $10.10 an hour considering we live in one of the wealthiest countries in the world. Obama argues that one working full time can simply not afford to raise a family on $15,000 a year. Typically, Democrats will side with our president and argue that raising the wage is a good idea, white Republicans will disagree saying minimum wage will destroy business and hurt working class families. Some may see this as a political issue, but I say this topic is simply common sense. Minimum wage should not be raised due to higher labor costs and a higher volume of unemployment.
When deciding on pay rate you have to take into consideration as to where your business is located, are the cooks getting minimum wage or higher, are the hostess getting paid server minimum wage plus tip outs or are they getting the normal minimum wage amount same with bussers, also with management you have to consider people are coming to work for you from somewhere else either in hopes of making more money or to better themselves. Either way you will have to know if you can afford to do what you are wanting to before you do the hiring and telling people what the pay rate is.
I believe that raising the minimum wage would cause a lot of problems in many aspects. One way would be the cost when it comes to having to eat out, even with your family or friends. Take for instance if I went to a fast food restaurant and spent fifteen dollars for a family of three and the minimum wage was increased. The company would then want to consider raising the cost of food prices. This in turn would possibly cost in the long run upwards of twenty-five dollars depending on what you order to go out to eat. That is almost double than what you might have used to pay. Now, I am sure if you live in a bigger city where consumer goods are already expensive you may pay a little more for food when you are out. Also, take in consideration of large tourist towns how much you might spend there. However, from there people would want to stop eating out at restaurants. In turn, businesses would take a major loss, especially small locally owned ones. On the other side of things, instead of businesses wanting to be able to hire two people they may only consider hiring one. If you think of it that way it might off set their cost, but then it would also force minimum wage workers to
The minimum wage being raised could have more negative effects on things you don’t really think of. New Jersey Governor, Chris Christie, does not think the minimum wage should be raised either. Christie says that raising the minimum wage can hurt small businesses. Businesses should not have to constantly tell people they are not able to hire someone because they cannot afford it if the minimum wage raises to $15 (Trugman, Jonathon). He also says that raising it to $15 and hour can cause groceries to become more expensive. If you think groceries are expensive
The idea of having a federal minimum wage is a good one. The idea is to protect low and unskilled workers from discrimination and allow all workers to earn a living wage. The recent debate on the floor, though, is whether or not to raise the minimum wage from the current $7.25 per hour up to $10.10 per hour. President Barack Obama made this proposal during his annual State of the Union Address on January 28, and following this there were many hot debates about it. The debates focused not only on the advantages and the disadvantages of increasing the minimum wage, but also the alternatives to increasing it.
Increasing minimum wage has always been a tipping scale for the economy and the public because there are issues about it causing more harm than doing any good. Increasing minimum wage is supposed to help everyone especially the ones in poverty or low-income families. Increasing minimum wage is also a way to get more workers in the job place or give the workers a little more pay. But on the other hand, it could cause problems in the business industry. Such as increasing the prices and decrease in job opportunities for the working class.
The raising of minimum wage has had the contrast of the effects it's trying to have. By increasing the wage, the statistics have shown things such as unemployment, less hours worked, and automated labor. This then hurts the youth looking for jobs, hurting the economy for the future. Increasing the minimum wage has shown to have negative effects on the economy.