The Advantages and Disadvantages of Minimum Wage

National minimum wage is the lowest wage per hour which an employee is eligible to in the UK. The national minimum wages are changes yearly by the Government of UK. The national minimum wage is different to all workers at different ages. For example; for Apprentice wage is £3.50 per hour, Under 18 wage is £4.05, 18 to 20 wages is £5.60, 21 to 24 wages is £7.05 & finally 25+ wages is £7.50. UK is formerly at the highest amount in 15 years when referring to minimum wage per

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.

Ira Knight, who is an author of article “Let’s Make the Minimum Wage a Living Wage”, expresses an opinion that increasing the minimum wage would help all struggling workers and at the same time improve U.S economy. On the other side, Janice Steele in her article “Keep the Minimum Wage Where It Is” argues that raising the minimum wage would have bad effects on workers, consumers and small businesses. Ira Knight’s article seems to be the stronger of the two positions because her arguments are based on several recent studies, and last but not least, she had a personal experience with the minimum wage job.

Almost everyone who works in the UK is legally entitled to be paid the National Minimum Wage. This is the case even if an employer asks a worker to sign an employment contract at a lower rate of pay. It isn’t necessary to be in full-time employment, or to work at an employer’s premises. For example, you’re entitled to receive the minimum wage if you’re:

The minimum wage is intended to protect workers and fight poverty. In the United States, the federal government sets the minimum wage at $7.25 per hour although many states set higher minimums. There is currently a movement to raise the federal minimum wage to $15 per hour. This movement is called the “Living Wage Movement” (Living Wage Resource Center, 2016) or the “Fight for $15” (Fortunato, 2016) and purports to address the problem of poverty in America.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the benefits for an increase, then the disadvantages, and in the last paragraph, I will

On July 24th, 2009, the United States of America raised the minimum wage to $7.25. However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are already raising the minimum wage because of the lack of money workers get. Finally the third supporting idea is that the states are also raising it over the federal minimum wage and also how can help poverty. There are many more topics on why the minimum wage should be raised but these reasons are the most important.

At one point or another Americans have all had first jobs and those entry-level positions most always consist of entry-level pay. Meaning an employee cannot be legally paid a cent less than what is defined as minimum wage. Though every state has its own specific rate at which to pay its employees, some margins between states differ more than others. In the state of California the minimum wage is $10 per hour, for now that is. Government officials that take into account many factors regarding the health of the economy now and in the future determine this rate. For many people of the state that living wage is still not enough. So today the public has voted that the minimum wage should be increased to $15 an hour. Seeing the benefits early

The idea of minimum wage is that workers are guaranteed enough money to live off of. The price of minimum wage is determined by the state, but a federal minimum wage is set. Some states choose to go above the minimum wage, while others, such as Alabama and Louisiana, choose to not have minimum wage at all (Root). Minimum wage is important to society, because it can affect many people’s lives. There are many pros and cons to having minimum wage in the United States. Furthermore, various stakeholders are also impacted by this policy in numerous of ways. Minimum wage is a microeconomics and macroeconomic problem that has many consequences. Therefore, minimum wage has been a great economic issue because of people’s support and opposition to the policy.

Minimum wage is the lowest wage paid or permitted to be paid (1). Americans have been debating raising minimum wage for years. The people that want the raise in pay believe that it will help workers who are not as qualified and need a salary they can support themselves on. The people who do not want the raise realize the damaging effects it will have on this country. These jobs do not require a great amount of skill so having a low pay is understandable. Minimum wage jobs were not created for people to support themselves and a family with. Raising minimum wage would hurt Americans more than help them because in the end prices of goods will increase and people will lose their jobs.

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the

In United States the minimum wage is been set by a network of federal, state, and local laws. Workers are generally been paid no less than the statutory minimum wage as specified by the government. As of July 2009, the federal government officially ordered a nationwide minimum wage level of $7.25 per hour. The federal minimum wage was at its highest at 10 dollars in 1968, as measured in 2014. Since then there were controversial debates over the

National Minimum Wage, introduced by the Labour Party as part of the Maastrict Treaty 1992. The treaty had requirements for there to be a minimum standard of living for all citizens. The National Minimum Wage met this requirement. Is was highly criticised before being introduced , but did not have the negative impact on business as was suspected. This was partly due to the level being set fairly low upon introduction. There are set rates within 3 bandings according to age.

Another argument for raising the minimum wage is that almost half of the states in the nation already have minimum wage rates that are higher than the federal minimum wage. This includes states with fairly large populations, like California and New York. Because the states that would be affected by raising the minimum wage generally have lower populations than those who would not be affected, the percentage of people who would gain is smaller, and the number of company’s who would suffer would also be smaller. If raising the minimum wage would affect at little less than half of the states, and mostly only states with lower comparative populations, then why not raise it?

The government sets minimum wage at what they think an average person needs to live a healthy life, but is minimum wage isn't really enough to support a person. Minimum wage does not change with inflation, and prices have gone up since the last time minimum wage was changed on July 5, 2009. People get paid minimum wage, which is what the government says should be enough to cover the costs of living for a person, but for those living on minimum wage, hunger and malnutrition are a big problem, even with government and public assistance like SNAP (The Supplemental Nutritional Assistance Program) and housing assistance programs.