The Federal Minimum Wage Essay

The federal minimum wage should be raised $10.10 an hour. The reason why the federal minimum wage should be raised is because having a job extremely hard as it is, therefore the government should contribute into helping the citizens and make their lives better. Looking for a job is very difficult and once people have found a job than it should pay enough for their well living and other aspect of their lives. People are constantly complaining about how they are not getting paid enough, but are required to work at least full time to pay their utility bills, phone bills, gas bills, etc… I myself have been working hoping to find a decent car for legitimate transportation; which

In the United States, there are real imbalances in our wealth and wages. If these variance are the fundamental reason for political inconsistency, then these private imbalances should be decreased in order to move toward a political system where power is dispersed among all citizens. Changes in the distribution of riches and income will not change through the economy but should be established through different sorts of public policies on the state and federal level.

In 1930 the United States passed a federal law controlling minimum wage. This has led to random increases in minimum wages. For more than a century minimum wage has been a key factor in public policy. Minimum wages were first used to prove against the idea of American factories being “sweatshops” (Josh Barro 01). Over time the minimum wage level has risen and fallen do to the progress of the economy. The amount of money earned from a minimum wage salary today is thought to not be enough to live a regular life (. "Four States Vote to Raise Minimum Wage." 01).

“I finally got a raise!” Todd exclaimed “They raised the minimum wage!” “Actually Todd, raising the minimum wage ruins the economy,” said Christine popping his bubble of excitement. Christine is right, raising the minimum wage will damage the economy and leave businesses closed and people jobless. Prices will sky rocket and leave families struggling to buy now overpriced groceries. Leaving the people it is meant to help in worse conditions. Although raising the minimum wage sounds great, with a plethora of research it rips the economy into pieces.

The issue of minimum wage is not a new one to our society, American’s have fought for minimum wage continuously since it was introduced by “President Roosevelt on June 25, 1938 as part of the Fair Labor Standards Act of 1938.” (Forbes) Workers have fought to keep the minimum wage in line with demand.

When you have a job to where you have to deal with so much, but you only receiving 7.25 an hour. You always thinking to yourself that you deserve way better than date. Alabama has no minimum wage and the federal minimum of $7.25 applies in the state. The Birmingham City Council passed an ordinance Tuesday to set a minimum hourly wage in the city and increase it to $10.10 an hour by July 2017. Alabama is one of the top ten poorest states in the United States and our poverty rate is 18.7 percent. In the years of 2011 to 2013 nearly 17 percent of our people struggled to find food. In 2013, almost one million Alabamians depended on food stamps for their home. Raising minimum wage for Alabama has to happen by the year of 2018 because we all have to provide for our families in all types of ways, there would be way many more students in college, and Alabama could change for good.

In today’s society around 1.7 million Americans are working below or at the current minimum wage level of $7.25. For these millions of Americans, they are forced to work endless hours and in return earn a salary that is not livable. According to Career Trends, a website that calculates cost of living, “For a given week, at the federal

Another effect of raising the minimum wage is the expectation of higher paid, skilled workers, to also receive an increase in pay, further eating into a company’s profits. All of this results in higher unemployment. Unemployment in turn, can lead to homelessness and more expense on a government to provide for those unemployed and homeless individuals. This can also lead to more government funds being needed to address health concerns of these individuals.

The national minimum wage was introduced in the UK in April 1999 by the Labour government. Essentially it formed a major part of their manifesto as it convinced the average population that Labour were beneficial for everybody. However, they would argue against classical economics and suggest there are wide spread benefits to be gained. The main argument is that the NMW would alleviate poverty across the country.

A question plaguing economists in the news the last couple of years is what would the effect of an increase in the fast food industry minimum wage be for the workforce. Better yet, how would it effect the fast food industry itself. There have been certain areas of the country that have already increased fast food workers minimum wage, but the debate is would it work elsewhere. With the increase in the demand from fast food workers for a minimum wage increase it has spurred on a heated debate what the outcome would be with many believing that it would devastate the fast food workforce with a large increase in workforce reduction enabling the fast food industry to keep it’s ever growing profit margin. However, there are those that would disagree with that assessment. The problem that is seen is that both sides of this issue forget to take a step back and look at the whole picture like the smaller group of economists have that understand that there is positive and negatives to the fast food industry minimum wage increase. Also, with a look at the bigger picture it can be seen that with the minimum wage increase in fast food jobs is farther reaching than just the fast food industry. It will unavoidably affect many other industries across the U.S. with a demand for a nationwide federal minimum wage increase as the fast food industry has laid the ground work for the “how to” guide for adjusting to a wage

For business that can be able to transfer the cost to consumers , such business may not lay off staff due to increase in the minimum wage , they would rather pass the cost to the price of the goods and service. More so, the ability to lay off labour worker still depends on the nature of the elasticity of demand for their

According to conventional economic analysis, increasing the minimum wage reduces employment in two distinct ways. First, higher wages increase the cost to employers of producing goods and services. The employers then pass some of those increased costs on to consumers in the form of higher prices. These higher prices then leads to lower sales, as consumers buy less goods and services. This can lead to a loss of revenue for businesses and organizations who then may have to lay off workers or reduce higher paid worker salaries. The employers consequently produces fewer goods and services, so they hire fewer workers if they hire any workers at all. “This is known as a scale effect, and it reduces employment among both low-wage workers and higher-wage

Raising the minimum wage could help to protect workers from exploitation. It is a sad reality that employers take advantage of their workers and it is very commonplace to do so. Undercutting regulations, and human rights themselves, many use undocumented labor and otherwise shady business practice to get ahead. Not much is done to remedy this problem. A worker cannot easily escape this situation either. There are not many jobs, so each chance is

I am going to pose the question to you the students of Sir Sandford Fleming

Out of all the defects of raising the minimum wage, small business will be most affected. Small businesses will quickly dwindle as a result of an increase in the national minimum wage. As an example, consider a small pizza shop. An increase in the minimum wage of 1 dollar an hour adds $16,000 to labor costs. Going to 15 dollars an hour adds $128,000 to labor costs, almost 3 times the take-home pay of the owners. This money could be money that is going to be taken straight out of the owner's pocket. Affecting their family, business, and livelihood(Dunkelberg). Ask yourself how one of the 5 million small businesses with fewer than 10 workers would handle this, they can’t. More realistically the owners won’t absorb the increase, the increase will cause people to get laid off. If that pizza shop has seventeen employees, who all work two to three days a week; They can easily decrease that seventeen to ten or eleven people who have to work harder and more frequently.in order to save money and keep their business