The Benefits Of Raising The Minimum Wage

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.

The controversy over minimum wage has been ongoing. However, as explained in a Time article by Chris Lu on the subject, now is the prime time to raise the federal minimum wage. “Three out of four Americans support an increase; the economy is healthy; and many employers are already raising wages.” It’s reasonable to be worried about the consequences that raising the minimum wage might have in a time of crisis or unrest, but this quote mentions a healthy economy that would be able to handle the shifts in wages if things went south temporarily. Another argument made by opposers of raising the minimum is that businesses will be unable to survive. On the contrary, a good business will find it beneficial. “‘It’s a simple, but critical, concept: take care of your people and they will take care of your customers.’ For &pizza, higher wages reduce employee turnover, increase productivity and improve customer service.” Rather than hurting the economy, raising the minimum wage will help workers, business owners and the economy itself. A higher wage for all is

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.

Living on minimum wage with companies that pay with the bare minimum has never been a walk in the park for anyone. Whether you are an individual that lives by yourself or a parent that has children to take care of, minimum wage doesn’t provide enough to live a comfortable life. Many people say that if the minimum wage is raised, there will be negative repercussions. However, there is evidence that shows the complete opposite. This evidence would include how living conditions would improve, happier employees result in better work output, and there would be an increase in sales due to people being able to afford more. Raising the minimum wage to match rates of inflation would benefit and improve lives.

According to the U.S. Census Bureau, nearly 14% of the nation lives below the poverty line, the current population is 326,474,013, and 45,706,362 of the population lives in poverty every single day. One of the reasons why such a large chunk of the population is in poverty is because they are not being paid a reasonable salary for them to support themselves and their families. Raising the minimum wage can lead to problems, but gradual increases are made over time, it could be beneficial for millions of people around the nation. The positive effects of raising minimum wage is what makes it worth it. A raise in minimum wage can be beneficial; however, it must be a

Who knew that minimum wage could save the world and the people in it? The last time minimum wage was raised on July 24, 2009, and that when it rose from $6.55 to $7.25 per hour, How have we been living on $7.25 this long? We haven't been living on it we were trying to survive and a lot of people can’t survive on a minimum wage that low. Raising minimum wage to an amount that could actually let people live comfortably would help the economy and a lot of people who struggle in this economy. This is not all that can help but raising the minimum wage can be the start of a lot of problems that deal with job growth, reducing child neglect, and poverty.

To begin, there is an extensive debate over whether if the U.S were to raise minimum wage, could it really help the working poor of low income families. Nancy Cook, in her article from the National Journal, “Why a Minimum-Wage Hike Can’t Help the Poor”, she points out that two thirds of around 100 surveys from 2007 had a negative effect and that it does more for the middle class than the lower one. (p.14). So, therefore, from her

The minimum wage is basically the lowest an employer can give there worker an hour, and abide by the labor laws. In most states the minimum wage is $7.25 per hour, but in California and Massachusetts the wages there is $10.00 per hour. Senator Bernie Sander agreed to living in poverty with the wage set at $7.25 per hour, and that if he made it into the office that he would introduce a bill to raise the wages all over to $15.00 per hour. The benefit of raising the wages would help low income families throughout the economy, and help with unemployment. Overall, this is based on our President and Congress whether a law like that can be passed.

According to the "Raising, the Federal Minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost" by David Cooper, if the federal government increase the minimum wage it would add billions of dollars into the economy, adding thousands of new jobs. David Cooper states that” A minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs.” These results display how raising the minimum wage can be beneficial to many people through job growth. Supporting that, if the federal minimum wage was to rise it would be a good thing for people and would reduce the unemployment rate by creating many more employment

All across the country, workers are rallying together in order to raise their state’s minimum wage from as low as $7.25 per hour to $15.00 per hour. While many states already have a minimum wage well above the national requirement of $7.25 per hour, many Americans are claiming this is not enough to live off of. Also, many go as far as to claim that an increased minimum wage would actually boost the economy through the law of supply and demand, which states that an increase in the amount of money in the economy will, ultimately, increase the amount of output of the economy. While both of these may seem logical in theory, they couldn’t be farther from reality. An increase in minimum wage would lead to an increased unemployment rate, an increase in inflation, and an overall decrease in the productivity of the workforce.

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.

The most prevalent and steadfast myth surrounding the raising of the federal minimum wage is that it will doom the economy. This might seem logical at first, but just think about it for a second. Why do minimum wage employees need more cash? The answer is simple: To spend it, to buy the things that they and their families need to survive. “Most minimum wage workers need this income to make ends meet and spend it quickly, boosting the economy. Research indicates that for every $1 added to the minimum wage, low-wage worker households spent an additional $2,800 the following year” (Fair). Furthermore, EPI estimates that if the federal minimum wage were raised to $10.10 an hour, it would result in over

“We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs.’(David Cooper). Many people have argued that raising the minimum wage from $7.50 an hour to $10.10 would hurt America’s economy and would cause companies to go out of business and employees to be fired. However, increasing the minimum wage would actually benefit America’s economy by boosting economic activity. This would cause more people to find jobs and decrease the amount of people living in poverty.

The United States’ minimum wage has been a concerning issue amongst the low wage earners because of the amount they earn is not enough for them to live on their own. Therefore causing the citizens who earn minimum wage to have an impossible time finding a place to stay and expenses for daily survival. Increasing the minimum wage will solve the issues that the minimum wage earners make, thus increasing the chances of survival for the entire population. Inflation is one of the reasons why minimum wage is a big issue, the minimum wage has not been keeping up with inflation at all causing things that would regularly be cheap to be more costly than it used to be. There are people who are against the raise of the minimum wage and may say that there will be an increase between of unemployment rate between the younger people because of the fact

Raising minimum wage will force businesses to lay off employees. That in turn will raise unemployment levels. Statistically, a projection from the Congressional Budget Office says that an increase in minimum wage from $7.25 to $10.10 would lose 500,000 jobs. America’s ultimate goal for the past few years, presumably is to lower unemployment rates, and after all the progress that already has been made, it wouldn’t make any sense to go backwards. An example of this is shown in a survey of over 1,200 businesses and human resource professionals. According to the survey 38% of employees who pay minimum wage would lay off employees if the wage was raised, and 54% would decrease their hiring