The minimum wage should be raised because the economy is healthy, some employers are already raising it for their workers, and many families cannot live on minimum wage.
The minimum wage needs to be raised and now would be the best time to do it, due to the economy being healthy. But as some congress view it, the main concern is not on the raising of minimum wage, it is on health care and tax reforms. As of now three out of four Americans agree with raising the minimum wage. Statistics show the United States economy is expected to incline steadily over the next few years. So if the economy is growing why shouldn 't the minimum wage grow as well. If the economy is steadily growing more than likely prices will go up on items, which for people who work minimum wage jobs will not be able to afford anymore due to the price of the item.
The minimum wage
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Living paycheck to paycheck doesn 't allow families to go out and buy other things that they want, they are only able to buy the necessities and sometimes aren 't available to do that. Families who are living on minimum wage may spend more time working trying to provide for their family than spending time for their family. By raising the minimum wage you would help millions of people who are currently earning $7.25, it would get many families out of poverty to help them live better lives and to better provide for their families.
So in conclusion I believe that the minimum wage should be raised. The minimum wage should be raised due to having a healthy economy, according to statistics the economy should grow. Many employers are seeing their workers suffer from earning minimum wage, so the employers decide to raise the minimum wage themselves. The toughest thing is that many families cannot support a sustainable life while earning the current minimum wage of
Should government raise minimum wage? Minimum wage is set at $7.25 an hour, and if minimum wage was raised to $15 an hour such as in California, California 's law will affect both a much larger number of people, and a much more diverse population of workers than any other measure to date. A few reasons why raising minimum wage is a bad idea is because current employees who get paid the minimum wage would be obligated to do more work. To keep labor costs low, these employees would have to take on additional duties and responsibilities to make up the difference in hours available. Since more people would be willing to work for more pay, the current workers would be likely replaced by higher quality workers or automated systems.
First, one main reason that the minimum wage should be raised is because the economy will prosper. “Economic Policy Institute stated 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 over a three-year phase-in period” (ProCon). This quote shows that the economy will flourish from the increase of the minimum wage and that unemployment will decrease. Another quote that shows how raising the minimum wage will affect employment is “To the extent that through these contour effects it affords as much as 70 percent of the workforce greater purchasing power, it effectively increases aggregate demand for goods and services, which should ultimately lead to the creation of more jobs” (Challenger 19). Bryan Covert supports raising the minimum wage by
The first reason to raise the minimum wage is it will reduce employee turnover. Yes, if employees have a decent paying job which they can pay their bills on time and still have some
If they were to raise minimum wage their life would be so much easier , other families can benefit from this too. The government needs to raise minimum wage. If parents are getting underpaid how are they supposed to support their family. “High school kids were getting underpaid” (Patricia 1). They’re so easy to convince.
Minimum wage should not be raised because it is not an income that someone sold live off of. Minimum wage in the country is currently $7.25 but some states have changed it in a way that is way too much. For example Washington state currently has the highest minimum wage at $9.32 that’s a $2.07 increase to the current amount minimum wage. Seattle is currently considering to raise their minimum wage to $15 it’s understandable that the city is very large and things cost more money but if they raise minimum wage to $15 that will only bring inflation causing things to cost only more money than it already does. If there is one thing that should not be done to the country it is to cause inflation.
Having children,needing to feed family,and providing essential needs are reasons why minimum wage is necessary to be raised. Research shows that minimum wage needs to be raised to help so many things in life. Have you wondered what would happen if the minimum wage was raised to
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.
Introduction More numbers of state are joining to take action to raise the minimum wage to $15 per hour in a few years even though there is a high disputing controversial all over the nation. The federal has set the minimum wage level to $7.25 on Jan. 1, 2015. In less than a year the index number of the minimum wage is going up automatically with cost of living. And eventually it will be likely to increase year by year with automatic and expectation index.
Minimum Wage There is not a minimum wage paying job that will let you earn enough money if we have unjust wages. The current federal minimum wage (FMW) is unlivable. It is too low for people to be able to have a decent life and afford most essentials. Raising the FMW will increase security in most aspects of life. The federal minimum wage should be raised to allow people to have stability in society and a livable wage.
Raising the minimum wage would result in major job loss, would hurt the economy, and would lower the working hours for a low-waged worker. One reason to
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.
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 are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.
Minimum wage Minimum wage in America is poverty it creates a wage lower than the living wage. It 's only backbone of support is social welfare and the affordable care act medicaid and obama care so people who have low wage paying jobs and minimum wage has to rely on taxpayers and the government to pay with their subsidizes, Because social welfare no longer becomes support but becomes a lifestyle. Minimum wage is set by the Department of labor, and fair labor standards act they set a minimum wage and a overtime pay. Why isn 't minimum wage raised to living wage or out of poverty level? Because if minimum wage goes up so does the prices of goods.
In the past three years, many politicians and labor unions have been pushing for an increase in minimum wage. Minimum wage is the lowest set wage by a law of a government body. An increase in minimum will benefit some people, and hurt others. An increase in minimum wage will cause benefit in the short run but will be very damaging to the economy in the long run. There should not be an increase in minimum wage because it is unhealthy to the economy in the long run and it will be the major cause of job loss, increase in inflation, competition, and the price level of goods and services.