The Pros And Cons Of Minimum Wage

Since 1938, when the minimum wage was first introduced (at a rate of $0.25 an hour), the federal minimum wage has increased 22 times. The minimum wage is the salary floor, or the lowest possible rate that employers can pay employees.

The idea of minimum wage is that workers are guaranteed enough money to live off of. The price of minimum wage is determined by the state, but a federal minimum wage is set. Some states choose to go above the minimum wage, while others, such as Alabama and Louisiana, choose to not have minimum wage at all (Root). Minimum wage is important to society, because it can affect many people’s lives. There are many pros and cons to having minimum wage in the United States. Furthermore, various stakeholders are also impacted by this policy in numerous of ways. Minimum wage is a microeconomics and macroeconomic problem that has many consequences. Therefore, minimum wage has been a great economic issue because of people’s support and opposition to the policy.

The federal minimum wage was officially established in 1933 as a law. However, in the article Fair Labor Standards Act of 1938: Maximum Struggle for a Minimum Wage, Jonathan Grossman stated that it actually was struck down after two years by a Supreme Court case and was not reestablished until 1938. Grossman explained how the formation of this law had to endure many so called “Supreme Court disasters”. The Supreme Court at the time voted against many cases regarding state level minimum wage laws and declared them unconstitutional. Grossman put in his article that several of these decisions were among the most unpopular ever rendered by the Supreme Court. Only three years later though, thanks

I firmly believe that employees who also recive tips should be paid the same wage as other emplyees who do not recive tips. My reason being, while yes the other empoyees work very hard servers work ten times as hard. Having to deal with costomers on a daily basis, some of them might even being rude to the server for absolutly no reason. They constantly have to be on their feet walking to and from the kitchen and tables. These are just a few of the basic reasons, here are a few others that should be deeply considered.

Raising the Federal Minimum Wage to fifteen dollars an hour has caused a major dilemma in the fast food industry. Minimum wage jobs were originally created for high school students, and were never intended to become full time jobs. Over many years they have turned into being full time jobs for anyone. The Federal Minimum Wage should not be raised to fifteen dollars an hour.

Many citizens in the U.S. have struggled living with minimum wage and making a living for decades. Issues involving poverty, inflation, inability to pay bills, taking care of their family and hard labor are just some of the negatives that relate to minimum wage. People have gone as far as working two jobs to maintain stability and be able to take care of themselves and others as well. However, many officials refuse to raise the wage due to the decrease in jobs, the inability to decrease inflation and the raise of living in their state. What are the pros and cons of raising minimum wage? Will it be more beneficial than harm if the law is passed? The history of minimum wage provides a broad prospective as far as where it started and the reasons behind the laws of minimum wage. Many say that it can bring a toll to the budget and cause more issues with the inability of others to even receive jobs. The minimum wage should be raised due to conflicts with living and maintaining stability. As far as minimum wage concerns, there

One of the main issues with raising the minimum wage is the fact that it will cut jobs and leave many American people unemployed. "Increasing the minimum wage would force businesses to lay off employees and raise unemployment levels" ("Pros and Cons," 2017). The loss of jobs will result in more people being unemployed and would hurt the economy in the long run rather than help it grow. People who are laid off will have to be conservative with their money, meaning they will not spend the money they have. In order for the economy to properly work at optimal efficiency, money must be spent so goods can be created. When Barack Obama was the the president he tried to push for a minimum wage of nine dollars an hour. "Obama's proposal to raise the minimum wage would raise wages for 16 to 24 million, but would eliminate half a million jobs" (Holzer, 2015).

Does one make enough money to get by? Well many people do not and those people struggle paying for food, bills, and daily needs. Due to this, people are trying to get a law passed to raise the minimum wage. Minimum Wage Laws is a big topic in today's world. At the same point, some people believe that everything will end up the same. This is because once you raise the minimum wage, you raise the cost of living. When more people start making more, businesses will start raising the prices of items, causing it to be the same as it was before, just with more money involved. There are many ways that people could favor or dislike the idea of this law. Many people have different opinions; therefore, there are pros and cons to minimum wage laws.

I could recall perusing those article “On june 19,2013”, once bloombergview. Com titled “The Capitalist’s situation to a # 15 least wage that “Nick Hanauer” composed pointing toward. Instructing Also updating people on the impacts for raising those current least wage to $ 15 dollars. He urged that, “ In specialists required no money, afterward organizations might need no customers” including that raising the current least wage might infuse billions upon billions of dollars in the economy every year accordingly coming about will a greater amount obtaining energy should a large number for Americans, empowering All the more buying, creation Furthermore hiring. A percentage businessmen contradicting those raise What's more calling it Unnecessary

Who does make minimum wages? Through out American history, there had been a huge increase in wages. In the 1940s through 2010, the minimum wage that was adjust rose from $3.40 to $7.25. In those same years, the minimum wage for unadjusted rose from $.25 to $7.50. The debate on who gets minimum wage or if it should be raise, has been going on for decades now, and some states can’t make a decision. About 11 States and District of Columbia had raised their minimum wage, and some cities like Los Angeles nearly double their minimum wage to $15. However, some of those places tried to make sure a certain group doesn’t get the same rights. Some States think it is best for minors not to get the same minimum wage as adults due to their age and experiences. However, minors (those under 18) should make minimum wage as the adults.

Looking back over the last century, minimum wage has been a divisive subject among policy makers and economists in the United States. As far back as 1938 when the Fair Labor Standards Act (FLSA) was first introduced, minimum wage has been a contentious issue. After much judicial opposition, President Franklin D. Roosevelt signed into law a bill which was a landmark in the nation’s social and economic development. The bill banned oppressive child labor, set the minimum wage to twenty five cents, and set the maximum allotted time to work at forty four hours per week (Grossman). The fight regarding minimum wage continues today, and one of the most frequently asked questions in our country, when it comes to

Minimum wage has been a largely discussed topic not only in the United States but around the world. There have been heated debates on whether we should increase minimum wage or leave it as it is. In this bill I plan on giving you a brief history of the topic at hand as well as the pros and cons as to why we should increase the federal minimum wage. It was 1894 when New Zealand passed the world’s first national minimum wage laws. This minimum wage law impacted both businesses and industries across the country. Australia was the second jurisdiction to pass the law, but Australia’s minimum wage laws only affected six industries that paid low wages. In 1904, the minimum wage laws grew to cover 150 industries. After both Australia and New Zealand

Should the minimum wage be raised? Many minimum wage workers would say “yes,” reasoning that one can not support oneself without a proper pay worth more than $7.25 an hour in exchange for laborious work. Others might disagree and say that it would be unreasonable to raise the minimum wage since jobs such as in the food and clothing industry usually hire unskilled cheap labor in order to maintain cheap prices. However, since I work in the restaurant industry I am familiar with the working environment and the strive to make money. Working with adults that struggle to pay bills and support a family, I am thankful that I do not independently need to support myself. In seeking the answer to my question, I have read and analyzed two opposing essays

In 1938 President Franklin Delano Roosevelt established a federal minimum wage of $0.25 per hour during the Great Depression. Congress has raised the minimum wage 22 times. The last increase was in 2009 when Congress raised it from $6.55 to $7.25 an hour.

Workers that are paid the Federal Minimum wage are in a constant state of stress, and are trying to make ends meet by working a job that requires much more than just showing up to work for most of them it is cleaning, or working fast food which can be physically and mentally draining even though it does not seem like a tough job it is. For example, say you’re a McDonald’s employee, and you see hundreds of customers a day and are constantly filling orders or having to listen to complaints of angry customers complaining about their burger that they spent a whole dollar on while you have to stand there and listen to them. Now think about this, all of those workers come in every day and have to do that while making probably half of the average American salary, they hardly ever get overtime and feel as they are worked to death, yet they have no choice except to keep working because many of them dropped out of school when they were younger or just simply lack the skills needed for a higher paying job.