I stand to believe that minimum wage should be raised. Would you believe that a worker’s beginning salary is the same as it was in 1999? It is! The thing crazier than that is the costs of living have tripled while minimum wage hasn’t budged a bit. It is outrageous people get paid the same amounts of money all these years but continue to raise prices and expect them to survive in the world. It’s feels as though the government wants people to struggle. It’s near impossible to live off minimum wage, especially in Florida. As a teenager, I still know that it’d be difficult for me to support myself going to college or pay off tuition. Hence the reason why majority of students are in debt. I have two parents, but I can imagine it’s not enough to support a single parent home. If either one of my parents weren’t in the picture, then I wouldn’t be able to enjoy most of the luxuries I have now. Many businesses believe that this will only make goods and service more expensive. My point is if a person’s life can improve from just an easy $3 raise, shouldn’t that be considered a good thing? No one, especially someone with a fulltime job, should have to worry about not being able to afford simple necessities of life. Is it okay for someone to worry about having a place to live, food to eat, and water to drink? …show more content…
For example, the times when you don’t feel well. Yes, jobs provide sick days, but they’re limited. Consider someone who’s trying to help their family provide. Consider a single parent? It creates emotional baggage to the point where you might not even feel like waking up for work, but you have no choice. You know missing days after the few given days will decrease your paycheck. You know you need every penny you can
Raising the Minimum Wage According to the United States Census Bureau, in 2021, the ratio of the 90th to 10th-percentile of household income increased from 12.90 in 2020 to 13.53 in 2021. Meaning that the earnings at the top of the income distribution is 13.53 times higher than the earnings at the bottom. This confirms the fact that there is an economic inequality in the United States that’s just growing and growing. Creating a bigger and bigger gap between the rich and the poor, greatly harming the poor.
The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.
In today’s society, it seems imperative to have an ensured income in order for members of a society to take care of those that depend on them. While raising the minimum wage may be the most potent means to this end, it is also the solution that brings the most long term problems. However, this has not stopped the policy from being tested in cities such as St. Louise and Seattle. While both had subtly different in both cities affects the broad end result: the policy was cancelled after a loss the employer’s money was apparent. These results prove that minimum wage would be inadvisable due to a loss to the workforce population, paradoxical effects, and the potential for a loss of money if an increased minimum wage is enforced.
First, any serious strategy to facilitate the economic growth of the US is obligated to include finding means to increase better paying jobs to aid both people without jobs and those working in low wage positions considered working poor. For example the Economic Policy Institute estimates that half of the jobs pay less than $34,000 a year. Hence it is not very hard to visualize families trying
By doing so, raising wages will actually help solve this as credit reliance will drop, and people with newfound spending power will be able to go out and buy what they want and desire. Let’s say that a student (specifically a college student) has to worry about grades, and can hardly balance their work-life. But however, that student can’t quit his/her job because that person needs help to pay for their college tuition. Financial Aid is helping her lower her tuition money, but however will soon graduate with a large amount of student-loan debt, which is a college student’s worst nightmare! Even with the loans, financial-aid package and assistance from his/her parents, not having a job is not the option.
Is it reasonable for someone to try to live comfortably in Colorado only making $17,118 every year? A job working a cash register or as a fast food worker in our state will get you $8.23 per hour, If someone living in Colorado works 40 hours a week receiving the minimum wage they will earn $17,118 during one year. Many people across the US are living in poverty and must weigh unemployment/welfare benefits vs. a job paying minimum wage. The minimum wage has been debated for years by organizations fighting for or against increases and different groups will argue the benefits or disadvantages. According to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS), around 75.3 million people ages sixteen and older worked for hourly wages in 2012 and these numbers are growing fast.
Since the Great Depression, there has been a minimum wage in America, but this minimum wage has changed 22 times since the Great Deprnbession. Many people say minimum wage should stay at $7.25 like it has been since 2009. Meanwhile, other people believe that minimum wage should be $15.00 so they can have more money to live comfortably. People think that a higher minimum wage will help, but it will hurt more people than it will help. If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out.
Minimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.
Across the country there is a clear discrepancy between minimum wage and the living wages. The national minimum wage is set by the business secretary each year on the advice of the Low Pay Commission an is enforced by HM Revenue and Customs. In contrast, the living wage is an informal benchmark, based on the amount an individual needs to earn to cover the basic costs of living in their respective state. Workers across the country have been engaged in a fierce struggle in the fight for living wages. In spite of persistent efforts, Congress has yet to move on increasing the federal minimum wage above $7.25.
In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.
There has always been a saying” The rich get richer, and the poor get poorer”, I almost feel like that couldn’t be true. Now when it comes to living in NY I don’t understand how the government can think making minimum wage of $7.25 an hour is enough to survive in this world. I believe that minimum wage should be $15 a hour, I see that because lets face it we all have a family, or children, how are we expected to raise a family in a decent neighborhood, put food on the table, pay rent, food bills, phone bills, and etc. I do believe from personal experience that if I made more money than I could definitely be able to save money. I grew up in a rough neighborhood, and grew up poor to middle class if you can call it that, because to be honest, middle class and poor are closer then you think.
Throughout this country, there are people struggling to obtain basic needs for everyday life. Although many work forty hours a week, the current minimum wage is not set at a standard where one can live off. Things such as rent, utilities, and food have become impossible to obtain with the current minimum wage. The sacrifices, choices, and ways of life of those living on minimum wage must be altered and redefined to live in our post-industrial society.
Minimum wage is defined as the lowest wage permitted by law or by a special agreement, such as one with a labor union. In 1912, Massachusetts set a law that recommended minimum wages for women and children, because often they were paid very little or not paid at all for the work they did. Within eight years, at least thirteen U.S. states would pass minimum wage laws. The United States Supreme Court consistently rejected compulsory minimum wage laws. The laws were considered unconstitutional because they interfered with the ability of employers to freely negotiate pay contracts with their employees.
Income plays a big role in creating a society that is capable of doing many great things. In the recent years political issues in the states about worker pay has increased tremendously. This national problem has been good for presidential candidates as they can use this to boost their popularity. Some states are already taking action, 13 states plus DC have already increased minimum wage.
Minimum wage was first established in 1938 by Franklin Delano Roosevelt, in an attempt to stimulate economic growth and create a better standard of living for the lower class. This attempt was fairly successful, but also has many consequences. You may be asking yourself, “how on Earth could setting a limit on how little you can pay someone be bad?” On the surface this statement seems logical, but if we delve deeper we begin to see many negative effects on the implementation of minimum wage. In our nation the minimum wage law almost seems out of place, like it doesn’t quite fit in.