The Minimum Wage Should Be Increased

This was said by George Osborne the Chancellor George Osborne of the Exchequer and Second Lord of the Treasury of the United Kingdom. Gorge Osborne, through his statement above has shown that he is willing to increase the national minimum wage from £6.31 to £7 per hour which is above inflation. The National Minimum Wage was set up in 1998 to protect low-paid workers, which I think was a good idea. However, an increase in the UK National Minimum Wage will cause more harm to the economy, employment sector and even the society than the proposed good. Students may leave their primary aim of getting educated to go in search of jobs; employers will employ less numbers of people thereby increasing unemployment; and the economy will suffer lack of growth that might get Britain into bigger debts and quite possibly a recession. It is not a good move!

Have you ever thought about feeding a family and paying the necessary bills on $7.25 per hour? If you answer “no,” then think about this. With this type of salary you could not cover your rent in most parts of the United States, much less feed your family. In this day and time this feat cannot be achieved without raising the minimum wage. If our current government does not raise the minimum wage than a person earning minimum wage would need to work two or three jobs just to keep up with inflation.

From the article, what I have gathered that there has been a detailed deliberation and

To analyse and draw conclusions on minimum wage in relation to its standing in business law, we first of all need to define what the meaning of the term is. National minimum wage was introduced in 1998 through the national minimum wage act. This enforced that employers would pay each employee a set value set by the government per working hour. One of the main benefits of this was that the most low skills jobs within society received a fair wage. Setting the price of minimum wage is a complex task as the main priority is to reduce the negative effect on the labour market, creating benefits outweighing the costs. Inflation and minimum wage have a very close relationship, with inflation being the annual increase in the price of goods and services. As inflation rises, it is natural for minimum wage to follow at a similar rate. In october 2014, minimum wage increased 3%, whereas inflation increased 2%. This shows an improvement in the real term income for over 1,000,000 of the lowest paid workers in Britain.

“I can’t, May won’t eat her chicken without mayo. Can’t you make an exception sir?”

What if a 16 year old was making $18,000 a year after taxes, working only 25 hours a week? Most likely you would expect that teenager to have a pretty prestigious job at such a young age. However that is not the case, if the minimum wage is raised to $15 an hour, a 16 year old could make $18,000 yearly working only 25 hours a week at McDonalds. Now for teenagers that have goals for college or a car, that would money to set aside for the future, however most 16 year olds do not have those goals in mind yet, so that extra money turns into wasted money. As of February 2016 the minimum wage ranges anywhere from $7.25-$10 across the United States. Florida’s rate is at $8.05 an hour, however some believe the minimum wage should be raised to $15 an hour in all states(Raise).” People working in minimum wage jobs may feel as if this $7 bump would be a great advantage to them, but there are possible negative results of doing this too. As a manager of a restaurant where employees start at minimum wage, I can only imagine the effects our company would feel. Raising the minimum wage is not the solution to helping people out of poverty , I feel it will only be enabling them to stay in the same position they are in and give less motivation for teens to further their generation. Increasing the minimum wage will harm businesses and will decrease the motivation to get a further education.

The table below shows the current rate at which the National Minimum Wage stands as of October 2015. This table is updated every October. Under 18's are entitled to receive £3.87 per hour, 18 to 20 year olds are entitled to receiving £5.30 an hour, 21 and over are entitled to receive £6.70 an

The government shouldnt raise minimum wage because though you would get more money minimum wage jobs are temporary jobs and meant to be treated as such. The minimum wage was never designed to be a "living wage" it was for all intent and purpose to be a safeguard against legalized slavery. If a company wants decent workers they will pay a decent wage. If the jobs are too low paying no one will want them and it will force the rates to be increased. Also if the rates are too low it will also discourage illegal immigration which we all know is a problem. A minimum wage job is a starting point not a career. And continuously increasing that wage only raises the costs of all goods and those earning that minimum wage will have their income

Since 1968 Americans have lost about twenty five percent of their purchasing power. The United States federal minimum wage has not been increased since 2009, this means that minimum wage has not kept up with inflation. In America if you work Forty hours a week you should not be in poverty. The minimum wage should be increased because it has not kept up with inflation and an increase would stimulate the economy.

Does minimum wage effect our life? The minimum pay is the lowest wage permitted by law or by a special agreement. It started in 1938 from $0.25/hr to the current $7.25/hr and the highest minimum wage was in 1968 which is 10.85/hr. The last increased was—to $5.85 in July, 2007, to $6.55 in July, 2008, and to $7.25 in July 2009. Some people believe that raising minimum wage cause jobs loss. However, it is important to ensure raising minimum income because it supports poor families and increase the economy.

The debate whether the government should raise the minimum wage has been challenged for many years and it is crucial to deliberate the ethical facets of such a conundrum. Research and economic texts have reported over many years that it is perhaps very difficult to

Scottish Independence Scottland has been a part of the UK since 1707 after James VII was deposed in 1688 England feared that Scottland would go its own way which led to a formal union of the two kingdoms. And now in September 2014 there was a public poll if there should have been a Scottish Independence. The poll failed with 55% No voters voting against a Scottish Independence. I am going to be looking at some pros and cons of an Scottish Independence.

‘artificially’ raising income hourly through minimum wage increase is more about politics then actually trying to help people live in a standard of living, majority of the people wanting the

On the 1st April, 2016, the new obligatory National Living Wage (NLW) was set, rising from a minimum amount of £6.70 to £7.20 per hour – an hourly addition of 50 pence – only for those aged 25 and over. It was expected to benefit 1.8 million people and to provide an instant pay rise for approximately 6 million people across the UK. The target is that, by 2020, the NLW will increase to at least £9 an hour (BBC News, 2016)1. The aim of increasing the National Living Wage was “to create a higher-wage, lower-welfare economy.” (Osborne, G., 2016. Cited in BBC News, 2016)2.

Labour have proposed to increase the minimum wage to £8 per hour by 2020, to bring in a 10 pence tax starting rate and tax incentives for firms to