The Pros And Cons Of Raising The Minimum Wage

Some argue that increasing the minimum wage will help improve the economy and benefit employers and employees, but it will have the opposite effect. It would be a heavy burden on small business owners; due to low income it would be very hard to have a great amount of employees if minimum wage shall be raised. Unemployment will likely to increase to 9% due to the money crisis and "When legislators raise the price of low and unskilled labor, it's usually low and unskilled laborers who end up paying the price" (Boston Globe). Also the government has not yet proven that increasing minimum wage will lower the poverty rate. Multiple studies demonstrated little or no relationship between a higher minimum wage and a reduction in poverty. On the other hand decreasing the minimum wage has been argued, but decreasing minimum wage can represent an expense that a small business may not be able to afford. Small businesses will attempt to get more production from existing staff and new employees paying them a lower wage which will do no justice to poverty but will increase company's payout. It will also be very hard for single family homes and lower educated people to survive and make ends meet if the government decreases minimum wage. Iit would also hurt small business owners for they could not be able to afford to run which conclude to

Think about what minimum wage can really do. Raising the minimum wage can affect more people and businesses than you think it would. It is important that the minimum wage is not raised so millions of people are not losing their jobs. Many negative things can happen by raising the minimum wage. Raising the minimum wage may sound like a good thing now, but if you think about the big picture afterwards it would seem like a dangerous thing to do. Minimum wage should not be raised because teens education should be more important, making it higher can cause many problems for businesses, and the prices of things would go up, and many jobs would be lost.

minimum wage. She asks the question; “Will increasing the minimum wage hurt or help employees and businesses”? (Shemkus, 2016)

The Interest in the minimum wage started in many countries in the wake recession, which has happened in the late twenties and early thirties of the last century. This difficult, contribute on falling wages to unsustainable levels, both socially and politically. Accordingly, the free market and the weak bargaining of workers, especially workers with a low level of education and skills, has teamed up to pay very low wages. As a result, the very low wages of workers led to deterioration of their living conditions and search for ways, and means to protect their rights.

Minimum wage is it helpful or hurtful? Minimum wage is somewhat a right of passage, everyone gets paid but no one gets paid the big bucks right off the bat. This paper is aimed to discuss the opinions of minimum wage. Starting out the discussion of those for the raise in minimum wage then to follow those against minimum wage to provide a well-rounded idea of the topic. Then to wrap up the discussion on minimum wage I will present the informed economic opinion I gained from the vast research I came across. The findings are both informative and anticipated of the implementation of higher minimum wage and how it essentially is hurtful to the poor and economy.

After reading both negatives and positives about raising the minimum wage i would have to be for it. Although the negatives do have some good points, i think that the positives over weigh the negative. There’s many reasons why i see this being a good thing. One positive is that the restaurants and hotels are expanding their businesses. This helps expand the economy because people then start using the money they get from their job on local businesses. TAlso They don’t have to be stressed about how much money they make to feed their families. Some people get two jobs and they have to rush to their other job as soon as the other one finishes just to have enough money to pay the rent. It can get stressful for people who don’t have a car. They

Many minimum wage workers are pushing for an increase in the lowest amount that they can legally get compensated per each hour worked. When it comes to raising the minimum wage, people do not take in consideration all the things that could happen as a result of it being increased. Raising the minimum wage could have a disastrous effect on businesses that have a large amount of unskilled workers. These businesses would have to increase not only their minimum wage workers but the wages of all levels of employees. Almost all businesses have minimum wage workers. Therefore, almost all goods and services could increase in price. Everything from food, to games, to toys, and even living expenses would rise in price. Minimum wage should not be increased because people want it to be raised. Increasing the minimum wage would not be beneficial because it would result in an increase in the price of goods and services, result in the reduction in the number of jobs offered to unskilled workers, and cause complacency in the workforce.

When it comes to the discussion of minimum wage, I would be for increasing minimum wage. However, by doing so could cause some conflict for many companies. I would think for some businesses this could hurt more than help. The advantages could help people with the high cost of living, taking care of their families and put food on the table for people who are having a tough time making ends meet. It could also be an incentive to people who otherwise thought there is no hope of finding a job. Maybe crime would decrease because more people would be working instead of sitting at home. It could boost the economy, the more money people make the more they will spend. However, there can be some disadvantages as well some companies may feel they can

The advantages and disadvantages of raising the minimum wage are both numerous. An increase in minimum wage would be beneficial because it is very difficult to live on such a low salary, especially in certain states or cities where living costs can be extremely expensive. It only gets worse each year because of inflation. In the six years after the minimum wage was increased to $7.25, its purchasing power went down by 8.1%. Prices increase, but the value of people’s salary goes down. Minimum wage should increase as its value goes down. It should also increase proportionately as the average American salary goes up. Economic productivity and incomes have increased, while the minimum wage remains the same.

Minimum wage is the amount of money an individual can be paid an hour. Currently as of January 1st, 2017, the federal minimum wage value sets around $8.90 an hour. With the whole nation's minimum wage value is determined by the federal minimum wage. Raising the price of minimum wage is a topic that has been discussed and debated on for many years. Although it might seem nice to be making more money each year flipping burgers without a college degree, there are factors that must be examined. These factors consist of positive and negative aspects that is has on society when raising the value.

Raising minimum wage will help reduce crime because it will encourage teenagers and young adults to be motivated to work for $15 over approximately $12. Hence this will allow young teenagers to focus on making money compared to selling drugs and being a part of violence in society.

Minimum wage was created almost 80 years ago during the period of the Great Depression by President Roosevelt. Raising the minimum wage has been a point of contention lately and some states have taken matters into their own hands. In 1995 as a 16-year-old in Tampa, Florida, I worked at Foot Locker and received $4.75 an hour. That seemed like a lot of money for the times however it is no longer 1995. It was initially set at $0.25 per hour and has been increased by Congress 22 times (ProCon.org, 2017). Congress last raised the minimum wage to $7.25 in 2009 and now workers would like to see it become $15 an hour. Is this a good move, or could it hurt us in the long-run?

As of today, the current federal minimum wage $7.25, which is just enough to pay some bills and live at the bottom of the social classes. With everything being so much more expensive than what everything used to be, you barely afford to live well off. Single parents have it worse, there is only one income in the house and with children to feed and bills to pay, they are going to have a hard time keeping up with it all. So the question is, should we increase the minimum wage standard? Though there are many pros and cons for increasing the minimum wage, I myself am for increasing it.

The minimum wage debate is always a big topic in the United States politics. Studies show over 3.8 million Americans are paid at or below minimum wage (Dickinson 33). Many have looked back on past wage systems and have questioned wage’s relationship to current market inflation. In response to this inquiry, a large majority of the general population, relatively unrelated to their degree of income, support legislation to increase the minimum wage. However, the issue has split into debate in Washington D.C. Liberal ideals stem from the belief that raising the minimum wage is positive and helps close the income gap; alternatively, conservatives feel raising the minimum wage causes unnecessary harm to employment situation. Raising the minimum wage is a necessary course of action to aid the bottom half of an economically diverse society.

According to United States Department of Labor, minimum wage was first introduced by President Roosevelt in 1938 at $0.25 cents an hour (Apruva 1). Since then minimum wage has risen over 20 times throughout the years. Minimum wage has always been a debatable topic; one side of the argument says increasing minimum wage will only alter minimum wage employees in a negative way, such as the loss of employment, or by an increase in inflation. President Obama felt differently about the topic back in 2015 when he raised the Federal minimum wage from $7.25 to $10.10 an hour in January 2018. Since the last minimum wage increase, the debate has become a greater controversy. Although increasing minimum wage might have some negative repercussions, it mostly benefits the economy and the average worker. Increasing minimum wage will mainly benefit minimum wage workers by helping them keep up with economic inflation, which is constantly increasing. The economy will benefit from the increase of minimum wage due to the upsurge of sales, as well as reducing the expense for social assistance programs.