“Just for fun, Fortune wondered how many hours it would take a Wal-Mart employee earning the increased minimum salary to earn the same amount of compensation as CEO Doug McMillon. The answer? It would take more than 2.8 million hours of earning $9 per hour to reach the roughly $25.6 million in compensation McMillon earned in 2014, his first year on the job.” (Huddleston)
This is just one glimpse into the reality of the problem America is facing by not raising the minimum wage and investing money back into Americans. Arizona 's lack of action to raise minimum wage from $8.05 keeps this workforce from supporting their families due to increases in cost of living, forces them to be dependent on government assistance and incapable in investing in retirement. By merely raising the minimum wage to $10.10 per hour 331,000 people in Arizona would be directly affected (Cooper).
It has been said that the minimum wage pay is meant to be an entry level position and that person is supposed to advance. But what is to say the employer is even offering a performance or time worked increase for the staff. And when you think about the average minimum wage worker you think of a teenage high school student just entering the workforce. They live at home with their parents still and they are being supported by their parents. This job is only for extra money to help pay for their nights out with their friends. The reality is that this is not the case for the average minim wage worker, they
With the presidential elections right around the corner policy on minimum wage has come up for debate once again. William Hoar from The New American argues in his article “Misguided minimum wage mandate” that raising the minimum wage will only result in loss of jobs. According to the editorial board at USA Today, “ inflation adjusted income of the top 1 percent has grown by 58 percent and the remaining 99 percent has only grown by 6.4 percent”. They then state that a raise to 15 dollars an hour only comes out to an annual income of 30,000 a year. It is true that the majority of the minimum wage workforce is from ages 18 to 25 but considering the fact that that age group are the people attending college and paying off student loans, then it should be expected that they are unhappy with such a low salary. At the minimum wage of 7.25 that comes out to 1200 dollars per month for the cost of living. Therefore raising the minimum wage will not only increase morale, it will also reduce rates of poverty.
The minimum wage debate has been a hot topic over the past year, especially with the Presidential Election. This is a divisive topic that people rarely agree upon. There are essentially two sides you can take when it comes to this argument. Either people are for minimum wage or are against raising, or even having, a minimum wage. Proponents of the minimum wage are typically politicians who are lobbying for the vote of the people who feel that a minimum wage is critical to their wellbeing, and those who sympathize with people who earn “minimum wage”. Minimum wage is destroying America’s free market economy and someone needs to take action and find a better solution to this problem. Without anyone acting on this problem now, it can potentially be worse in the long run. Raising the minimum wage in the United States will do more harm than good to society because of the long-term effects.
“A yes vote on Proposition 206, also called the Healthy Working Families Initiative, would increase the minimum wage from Arizona’s current $8.05 per hour to $10 per hour by 2017 and eventually to $12 per hour by 2020” (Rau). While the first part of Prop. 206 seems to be getting more attention in the media and form the business community, the second part will trigger the most disruptive changes for Arizona employers, especially small employers. Recent polling indicates that nearly 60 percent of likely voters will vote “yes” on Prop 206 (“Arizona”). With those odds, Arizona employers need to become familiar with these changes and prepare accordingly. In November, Arizona voters approved Proposition 206, which increase Arizona’s minimum wage to $10 per hour. The new Proposition 206, requires employers to offer paid sick time. Arizona, adjusts the minimum wage annually based on inflation. Meaning, the employees can set their own paid-sick-leave policy. Non-Discrimination and Non-Retaliation, proposition 206 prohibits employers from discriminating or retaliation against employees who exercise their rights under Arizona’s wage laws (“Publications”). Labor supply and the effects of rising unemployment are considered when establishing minimum wage.
In 1938 congress instituted minimum wage with 25 cents an hour being the first wage. After 78 years seven dollars has been the increase of minimum wage, stated by the article listed on, Heritage.org . Every year the cost of living and surviving in this country increases. You would think after 78 years, minimum wage would not be at $7.25. Many college students work part-time jobs that pays minimum wage to have some extra cash in their pockets or pay a few minor bills. Having a part time job is perfectly fine in college, but imagine not being in college, working a minimum wage job. Lets be honest, the pay checks are no where near what you would like them to be or it isn 't enough to cover everything that you want or need. So, imagine not being in college, working a full time job, with rent, children, car note, insurance, and etc. Many adults work minimum wage jobs, barely making it to provide for themselves and their kids. Your probably thinking, "maybe those people should go back to school or look for a better job.” Yes, that is true but for most people, its too late. A better job requires a degree, most people have kids and cant afford to take a couple of hours off or get someone to watch their kids while they attend school, so a minimum wage job is the only option. So, to make a better life for the struggling parents and the needy college students, increasing the minimum wage is a must for various reasons which include decreasing poverty, increasing health, and relieving
What kind of pay would you demand if you were expected to clean dirty toilets, pick up germy trash, and deal with customers who are nasty, rude and disrespectful to you while you are serving them? Would you do it for three dollars an hour? What about seven or eight dollars an hour? Well, many minimum wage jobs involve such duties as these. However, the minimum wage here in Illinois is only $8.25 per hour (US Dept. of Labor, 2014). In Indiana, the state where I work, it is a dollar less than that (US Dept. of Labor, 2014). The following information will discuss reasons why this wage should be increased and the benefits that accompany an increase for all of us regardless to whether we earn the minimum wage or a higher a wage.
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.
Many case in USA suffering from the very low hourly payment according to Talk poverty: As wages go down, the percentage of workers relying on public assistance gets higher: 60 percent of workers earning less than $7.42—only slightly higher than the $7.25 federal minimum wage—receive some form of means-tested public assistance. Overall, 70 percent of the benefits in programs meant to aid non-elderly low-income households—programs like food stamps, Medicaid, and the Earned Income Tax Credits—go to working families.and it help some people get out of the food stamp Because the low minim wage many low income worker live with their children under a poverty.
bills. With a minimum wage job, one will receive about $800 a month, only if
Raising minimum wage has been a battle for many decades and it has always been a battle to raise it. Many families that work for a minimum wage job often have trouble making ends meet because making $8.75 just isn’t enough in this today’s economy. Some jobs are paying $2.13 an hour but this is mostly at restaurants that are family owned but if they don’t make enough on tips they must get paid $7.25 per hour they worked. Although minimum wage has changed dramatically since 1938 when it was $0.25 cents (Kurtz&Yellin) American families simply cannot live on minimum wage. Raising minimum wage should be raised to help families that need it the most.
Minimum wage is a highly controversial topic in the U.S. everyone would like to be paid a little bit more but do people even stop for a second and think about the consequences of raising pay. Economic failure, poverty increase, housing price increase, layoff increase, and hour decrease. There are also many more terrible things that are country can't handle if we were to raise the minimum wage.
The United States economy is still soft and prone to falling apart, and there is a debate that is on going as to whether the minimum wage should be increased or decreased. The minimum wage is a well known price floor, and that is what we need for our economy right now . I personally believe that we should not increase the minimum wage, but decrease it instead. I would rather have the minimum wage lowered than increased because that will only lead to negative side effects. For example, if the minimum wage is increased then the government will need to mint more money and the effect of minting more money is inflation. This will cause the American dollar to go down and worsen the economy even more. Another thought is that what the United States needs now are jobs. If the minimum wage is increased then existing jobs will want their workers to have more experience and for those people that are in dire need to a job will have a lower chance of getting the job because they
Minimum wage is an ongoing debate in the United States. There are some people who think that it should be raised to a higher rate and others who think that it should not. There are many different pros and cons with raising minimum wage. Minimum wage is at a balanced rate that should not be raised due to lack of skill, low education, and economic problems.
Minimum wage is the lowest possible wage permitted by law to receive for working everyday jobs. In America, the average minimum wage is roughly ranging from $7.25-$9.00 depending on where a person may live. Through three arguments I have received I have accumulated much knowledge pertaining to minimum wage in America. All three arguments suggest what they believe should be done in regards to whether minimum wage should be raised or stay the same. After watching “Thirty Days in Minimum Wage” by Morgan Spurlock, reading “Economists Argue About Minimum Wages” from The Economist, and reading a minimum wage piece from a news article. I have gained enough facts to realize that I believe that minimum wage should be raised in America.
If your social media circles are anything like mine, you don’t have to scroll very far down your facebook dashboard before you see a ubiquitously shared, ‘liked’ and commented on post disapproving of raising the federal minimum wage. The post may have a picture of a soldier, a disheveled EMT in the back of an ambulance, or a waving American flag with overlying text stating something to the effect of ‘“Burger flippers” think they should be paid as much as these minimum wages workers? No way!’ If my experience on social media is any indicator, the most popular posts always contain “burger flipper” or “baconator.” Posts like the ones described above make moral judgements about the minimum wage with little evidence for those judgements and the flurry of comments that follow often fail to elucidate the key arguments for either the proponents or opposition of raising the minimum wage. In this paper, I will argue that the federal minimum wage should be increased by assessing both value judgements and pragmatic economic arguments to dispel some of the most well-worn of arguments by those who oppose. I will attempt to prove that the minimum wage is not feasible for meeting workers’ needs while discussing the historical context of the minimum wage, discuss human motivation as related to the minimum wage, and disprove common economic arguments borne of catastrophizing.
As of now in the state of Arizona the minimum wage is $8.05 per hour, while other states are at $7.25 or as high as $15. Hillary Clinton, who is currently running for president for 2016 is proposing a higher minimum wage of $12 an hour. However, her opponent Bernie Sanders has proposed a $15 minimum wage instead. Mrs. Clinton is making imaginary obstacles for not approving a $15 minimum and the author disproves her stand with the use of logical facts, statistics, and ethos to prove Mrs. Clinton should say yes to a $15 minimum wage.