Why Is Raising The Minimum Wage A Good Idea?

According to the "Raising, the Federal Minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost" by David Cooper, if the federal government increase the minimum wage it would add billions of dollars into the economy, adding thousands of new jobs. David Cooper states that” A minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs.” These results display how raising the minimum wage can be beneficial to many people through job growth. Supporting that, if the federal minimum wage was to rise it would be a good thing for people and would reduce the unemployment rate by creating many more employment

Imagine standing over a scorching grill for hours, taking care of the elderly, both lifting and transporting heavy loads, basically doing back breaking work; only to be making less than $8 and hour. That is the reality for millions of people in the work force who are earning minimum wage. Whether or not minimum wage should be raised has been a question many people have been discussing for years and has become quite controversial. Those opposed to increased minimum wages would argue that a minimum wage salary is already sufficient enough, or in some cases even “too high”. In spite of the opposing sides, it is almost certain that a rise in minimum wage will either positively or negatively affect several aspects of the country. For one, an increase in minimum wage could result in an economic shift. Furthermore, the current poverty level within the country, with the help of a higher minimum wage, would either decrease or as a result. Thirdly, a change in poverty levels caused by a higher minimum wage would ultimately change the amount of government spending and those who receive it. Minimum wage being raised would definitely be impactful not only the people receiving those minimum waged salaries, but also the economy, their families, and even the government funding.

Since 2008, McDonald’s and Walmart corporations have paid their employees’ by the same federal minimum wage amount of $7. 25 per hour (Friedman, 2015). Not until recently, news stations have reported that most McDonalds and Walmart employees live below the poverty line. In fact, McDonalds has started their own McResource Line to give their employees advice on how to provide for their families while living on a minimum wage budget. Soon after, the company renounced their website after the backlash it caused from the media. Therefore, McDonalds and Walmart decided to raise their minimum wage to $9 an hour (Gasparro and Morath, 2015; Friedman, 2015). After researching, I believe large corporations such as McDonalds and Walmart should have to pay living wages, and it is extremely unethical for these

Raise the minimum wage: In the United States, studies show that women tend to make up a disproportionate share of low-wage workers. In the field of education, men tends to go more to STEM than women and that also leads to high paying jobs for men. If we raise the minimum wage, this will help hardworking women to support their families. Approximately, women made up two-thirds of all minimum-wage workers in 2012. With the current federal minimum wage i.e. $7.25 per hour, someone working full time, only earn $15,080 a year round. People working full time with minimum wage is still below the poverty threshold for any family with children and single person is also not far above the poverty line. So, increasing the federal minimum wage to $10.10 an hour would help increase the wages for about 15 million women, which will help close the gender wage gap.

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.

Narin Gopaul Professor Flanagan Enc1101 8/4/2013 It 's the year 2014, and we are in the state of the financial crisis which is still being felt

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.

Minimum Wage Checkpoint Raising the minimum wage federally is a big challenge for the United States to overcome. There are different perspectives across the people on whether the minimum wage is fair. A state reserves the power to adjust the minimum wage within the state. Raising the minimum wage in a

For example there is a big gap in the amount people get paid in the state in Nebraska, where the tipped wage is $2.13 and the general wage is $9.00 an hour. It is also unfair because in other states like Montana, Nevada and California have little to no gaps, this means that these states are being payed the same amount in tipped wage and general minimum wage.

In the Commonwealth of Kentucky, the minimum wage currently remains at a meager $7.25 an hour while twenty-nine other states have raised theirs (Source 3). Kentucky essentially needs to raise theirs as well. Politicians continue to debate this topic with no end in sight. Among many reasons, Kentucky should raise

Many argue that raising the minimum wage makes hiring workers more expensive, eliminates jobs at the bottom, slows growth and ultimately raises unemployment. Economic studies show that raising the minimum wage to keep pace with inflation creates little additional harm, but what the president is

It can also be argued that raising the minimum wage would inadvertently have a negative effect on the economy and actually increase poverty. If the minimum wage were to increase from $7.25 to $10.10, the result would be the loss of 500,000 jobs, as predicted by the Congressional Budget Office (Should the Federal). 54% of employers stated that they would lower hiring levels and 38% stated that they

In general, people always think increase minimum wage would help some of people in poverty. Of course, when the poor can earn more money, they will have more money to spent on the their daily expenditure. Is it necessary to increase just several dollars to help the poor? I don’t agree with this piece of so-called benefit policy or law.

The most prevalent and steadfast myth surrounding the raising of the federal minimum wage is that it will doom the economy. This might seem logical at first, but just think about it for a second. Why do minimum wage employees need more cash? The answer is simple: To spend it, to buy the things that they and their families need to survive. “Most minimum wage workers need this income to make ends meet and spend it quickly, boosting the economy. Research indicates that for every $1 added to the minimum wage, low-wage worker households spent an additional $2,800 the following year” (Fair). Furthermore, EPI estimates that if the federal minimum wage were raised to $10.10 an hour, it would result in over

The minimum wage has grown twenty two times since it was first introduced in 1938.