Minimum Wage Essay

definition of Minimum Wage is “an amount of money that is the least amount of money per hour that workers must be paid according to the law” (Minimum wage). Minimum wage, like other laws, are used to keep the economy in line. Minimum wage laws were invented in Australia and New Zealand with the purpose of guaranteeing a minimum standard of living for unskilled workers. (Linda Gorman) Minimum wage puts a price on the services one offers. Many different principles can be used to explain Minimum wage and explore

to think about the workers who slide the debit card or bag the groceries. Many times, these people are making the minimum wage. Their lives and wages are effected by an economy which never seems to stop changing. Due to the federal minimum wage being recently increased, potential effects on employment can be explored on a national trend, in individual states with higher minimum wages, and in the lives of teens. In 1938, the United States sat in the middle of its biggest economic downfall known as

the topic of minimum wage. With president Obama’s increase in the minimum wage to 10.10$ per hour people, both economists and politicians alike, have been debating whether raising the bar is a smart idea. At a time when the country the country’s inflation continues to rise at a steady pace and Americans are constantly working to feed their families, some economists know that a raise in the minimum wage would help elevate some of the difficulty. The last time the federal minimum wage was raised was

of a Minimum Wage Hike through Multiple Perspectives Introduction On an annual basis, workers who work full time at a job that pays the federal minimum wage make $12,920 before taxes. Considering this level of income is at the borderline of the federal poverty level of $11,770, many in the U.S.- low wage workers, farmers, and even economists- are calling for a reexamination of the minimum wage policy. The purpose of minimum wage laws is to ensure lower-class families receive a living wage which

misused and introduced the first federal minimum wage: 25 cents per hour. Since FLSA was created, every few years, Congress revise it to account for inflation. Currently, in the United States, the federal minimum wage is $7.25 per hour. Millions of people in the United States are either living in poverty or debt. Some of these people also have families to take care of and living on the minimum wage is not enough. People argue that raising the minimum wage would hurt businesses, force companies to

topic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy. Doug Hall, director of the Economic Analysis and Research Network and David Cooper, Economic Analyst at the Economic Policy Institute, expressed how the increase in minimum wage affects certain genders

“more than one-half of the people earning the minimum wage are from 16 to 24 years of age.” This statistic clearly shows that most of the people in America making minimum wage are young adult that just got out of high school or college and are trying to find work experience. Why should a low-skilled young adult with no work experience make as much as a teacher? They are doing a job that any other low skilled human could do. Jobs making the minimum wage should not be considered to be a career, they

The current minimum wage in the United States is a wage which Americans cannot live and provide for a family. Americans are forced to live in poor living conditions because of the low wages they earn. The low wages that workers earn result in poor healthcare because they cannot afford the proper treatment. The minimum wage leaves little, if any, for any unexpected expenses. The minimum wage in America affects American workers trying to make ends meet. The minimum wage needs to be raised and changed

Throughout the years, the talk about increasing the minimum wage has been a matter of predominant insight amongst the economy. Minimum wage causes the slightest businesses to prevail, then would be the case without it. If we raise the minimum wage it will end up causing the American economy to suffer more than benefiting it. If there is an inflation on minimum wage the expenses rise, and the price of living will go up. Although, minimum wage jobs do not allow people to make enough money to live off

Increasing the minimum wage to $10.10 per hour would cost the economy between 500,000 and 1 million jobs and an increase in $15.00 per hour would cost 6 million jobs. In 1938, Congress first enacted minimum wage that started as $0.25 per hour as a part of FDRś New Deal during the Great Depression. Today, 21 states have a minimum wage that is higher than the Federal minimum wage. The federal minimum wage should not be raised because there will be drastic and negative effects on society. An increase