The Benefits Of Raising The Minimum Wage

By raising the minimum wage millions of workers would see an improvement of their lives because they will finally have more money to be able to spend on themselves. In article one it talks through and states how “11 million workers above minimum wage will see and increase through “spillover”.” This shows that by increasing the minimum wage, workers that are already at that level would see a bonus within their pay. Another quote from article one is “the new minimum wage would affect families, disproportionally women who work 20 hours.” This shows that families, would be the first to feel the effect and also help families whose parents have to work overtime. In general, raising the minimum wage is very beneficial for families and female workers who work at or around 20 hours a week.

“An increase in the minimum wage will boost income for the poorest workers without the danger of creating more unemployment.” (Obama). The argument whether the minimum wage in America should be increased of not has been a debatable topic for years. If the leaders of county could manage to increase the minimum wage, millions of families would profit from such an outcome.

Minimum wage is a problem, but most don’t want to raise it. Raising minimum wage will be a big problem now and including the future. Raising minimum wage is a problem depending on a social hierarchy. For many years the U.S had had many protesters and this is a problem according to state officials. Family's around the world are surviving on as little as 4.25 an hour in this case people have to survive off of food stamps and family members. Job owners can choose to higher the pay due to a raise in the company or a downgrade will determine whether they will make below minimum wage. Minimum wage should be increased from 7.25 to 9.00 an hour because of the over qualified, educated, and experienced Americans who are now relying on minimum wage jobs as a result of the struggling economy. Also, increasing minimum wage could help stimulate the economy. But, in order to get the economy back on track the spending power must be in the hands of the Americans who in fact, spend. With today's tough job market most job seekers are willing to acquire positions they are considered over qualified for, even if it means taking a pay cuts. Therefore, an increase in minimum wage will ensure that low wage over qualified workers have the means for vital necessities like housing, food, transportation and health care. Last year more than 200,000 Americans with college degrees were working minimum wage jobs due to our struggling economy. Furthermore, an increase in minimum wage would help stimulate the economy by

There are many important reasons why citizens believe in a raise of the minimum wage. One significant belief is how this raise would benefit federal minimum wage workers. According, to the article “Should We Raise the Minimum Wage? 11 Questions and Answers,” the author states that raising the minimum wage would make many families’ lives more financially stable without a great economic cost. The author writes that in 2012,

Many economists argue that this pay is too low and should be increased in order to raise the standard of living in the United States. The main argument for the increase in the federal minimum wage is that the current wage provides significantly less purchasing power than it did in the past. According to CNN News Reporter Tom Perez, the cost of food, utilities, transportation, and other essentials have gone up, however low-wage workers’ paychecks have remained the same. Perez states that the purchasing power of the minimum wage has been eroding steadily since its peak in the late 1960’s, and the wage today would have to equal over $10 per hour just to equal the purchasing power first established in 1968 (“Raise Minimum Wage”). According to the United States Department of Labor, raising the country’s pay to at least $10.10 would be an important part of strengthening our economy because then the purchasing power would be at the ideal level. This raise for minimum wage earners would put more money in people’s pockets, which will in turn be spent on goods and services, and thus further stimulate economic growth locally and nationally (“Minimum Wage Mythbusters”). In order for businesses to grow they need customers that have money in their pockets because increased incomes will boost consumer demand and the consumer spending that powers our domestic economy. Many experts agree that raising the minimum wage is a key strategy for

In this paper, I will be exploring the changes that will occur with the raise in minimum wage. There will be a focus on how the minimum wage increase affects the ability of people to survive on this wage, the effect of the minimum wage on government programs, and how the wage increase will affect businesses and their employees. At this moment, I do support having a higher minimum wage, but I do understand many of the problems that could occur with the raise in the minimum wage.

While the minimum wage may also have negative effects on employment as “some employers respond by reducing their use of low-wage workers and [shift] toward other inputs” these effects may be overestimated. This response by employers can be downplayed, as alternative methods to regain costs are effective. The CBO acknowledges this may not be the case as employers “might respond in ways other than boosting prices or substituting other inputs for low-wage workers”. Another assertion is that “conventional economic analysis might not apply in certain circumstances” such as a raise in the minimum wage. This claim is supported by “more than 600 economists, including 7 Nobel Prize winners [who] wrote...that increases in the minimum wage have had little or no effect on employment”. The CBO also acknowledges this possibility saying, “the overall reduction in employment could be smaller or larger” indicating the effects of an increase in the minimum wage on employment are unknown. Because of the minimized effects raising the minimum wage have on employment predicted in Minimum Wage Mythbusters, along with the increases to low-wage worker’s income, raising the

Today, the minimum wage conversation is becoming an increasingly controversial, yet common topic. Many people are unsympathetic concerning the idea of a “living wage”, and they often belief that individuals should go to college or learn a trade if he or she wants a living wage. However, some individual’s life circumstances do not allow for opportunities that you or I have. Additionally, many individuals are misinformed about who the minimum wage increase actually benefits.

Minimum wage should be increased to help reduce poverty in the United States. Increasing the minimum wage would also help stimulate the economy by giving low-income workers, who often live paycheck to paycheck with little or no savings, more money to spend. The national minimum wage has not been increased since 2009, and over the years has not kept pace with inflation, leaving a large gap between minimum wage and the cost of living. A boost in the national minimum wage would also encourage higher education and lower unemployment rates. The national minimum wage should be increased to help reduce poverty, boost the economy, encourage workers to join the workforce and continue their education, thereby raising the standard of living of American

The topic I've decided to do a research paper on is “Who really benefits from the raising of minimum wage?”. For this topic I will be discussing both sides; the employer and the employees, about the advantages and disadvantages on raising the minimum wage. Throughout the paper I will include examples on what would occur due to the minimum wage increasing; such as poverty numbers, employment cuts, and inflation to the economy.

Many people believe that raising the minimum wage would make all employees lives easier and that employers and the economic elite are the reason that the minimum wage does not rise. Not only does this line of thinking run contrary to the most basic economic principles of a free society, but it is also illogical. If government could raise the real wages of millions of Americans by merely passing a law announcing that fact, then why stop raising the minimum wage at all. A 500-dollar minimum wage would be better than a 10-dollar minimum wage. But the “logic” is perfectly consistent with the

Many people want the Government to increase minimum wage so they can earn more money. What they don’t understand is all the consequences that the impact of raising minimum wage would have on our economy and the poor people in society. Sure it would guarantee you more money but it doesn't have a positive effect on the people it is suppose to help. A minimum wage increase would force businesses to cut the unskilled workers forcing more of them into poverty, which will ultimately hurt them when the price of goods go up.

    Many Americans work relentlessly day in and day out to make ends meet on a minimum wage. It is difficult for minimum wage workers to live a decent life with an increasing cost of living and stagnation of salary . The current minimum wage can pay for little over 3 gallons of gas which shows that the current minimum wage supplies less than minimum to live a decent life. The minimum wage should be increased because a low minimum wage is directed to support the richest Americans, the government gives welfare to minimum wage employees, and a high wage could stimulate economic growth.

It has been said that we live in an era where people are looking for more increasing on everything, and they look for the increasing every single day. One of the most political issues that are noticeable in 2014 is the idea of the increasing of minimum wage. An article that was written by a group of journalists in the Governing the State and Localities discusses this issue. They say that President Obama talked about increasing the minimum wage. The minimum wage is 7.5, and he wants to increase this number to be around 9 dollars. There is no doubt this news could bring a lot of happiness to huge number of people, and at the same time, it would rise up some social or economic problems. Although this news about increasing of the minimum wage

The majority of people working minimum wage are Raising a minimum wage can reduce expence for social program. Low income people are mostly alike to receive an additional support of government, their run social program to support thenselves and their families.By raising a minimum wage most of people can take care themselves and help fort their family need without leaningas heavily on social programs.The money government spent to assiste them can be reallocated to help other need.