“It may fit on a bumper sticker. But that does not make it a good idea. (Kitroeff A.1)” Our country is full of debates on what is right and what is not, but raising the minimum wage should not have to be debated upon. Raising the minimum wage is seen as a typical liberal idea, while keeping it the same is seen as conservative. This topic should not be a conservative versus liberal debate, it should be more of what is right for the country. This is a touchy subject, but through statistics and simple economic knowledge it is evident that raising the minimum wage does more harm than good for the United States. Seattle tried to raise the minimum wage in April of 2015 and so far it has not succeeded in being beneficial. Employees have had to cut …show more content…
With the increase in minimum wage it will increase the price for simple consumer goods like bread and milk ("Seattle Wins 'Fight for $15,' but Low-Skill Workers Lose." A.7). Typically, simple consumer goods are run by grocery stores and convenience stores. Those stores usually do not pay their employees a little more than minimum wage, but not the $10.25 that people are wanting. If this does happen then the stores will cover the new expenses by raising the prices of their goods. Raising the minimum wage just increases inflation. Just simply raising the minimum wage is like what Germany did after World War I. To pay off their debt they just printed off a bunch of money, but what they did not realize is that the value of their money dropped. Just raising the minimum wage is not going to magically help the United States economy. Raising the minimum wage also decreases employees work ethic and the use of incentives ("Seattle Wins 'Fight for $15,' but Low-Skill Workers Lose." A.7). If the minimum wage is raised then many companies will no longer be able to use a raise to promote their work ethic because they will no longer be able to afford the raise. Also, many people are working hard to get to $10.25 an hour, and if you just give that to them in the snap of a finger they will just coast through the rest of their lives because they know that they cannot be
A pro of raising minimum wage could be that their would be reduced government welfare spending meaning more money for important things like our army. We would be able to build more schools and get everyone an education with all the extra money. With reduced government spending we would be able to put more money into food stamps so that less rich people would be able to supply more food to the house. Government welfare supplies things such as medicaid meaning
Raising the minimum wage has been one of the biggest debates during the 21st century. One side of the spectrum argues that raising it will make it so they have a living wage, while the other argues that raising it will hurt the economy. Whichever the case is, people are clearly divided on this issue. Before Oregon passed the 15 dollar minimum wage law, people wrote arguments to try to either prevent or pass this law. The article, “How a $15 minimum wage would affect a real business: Guest opinion” by Lee Spector argues that raising the minimum wage would hurt small businesses like the one he earns.
One reason that raising minimum wage would help the economy is that it gives a change in income. Generally, an increase in income increases the demand for goods at all prices. If a worker has more money due to a raise
The Government should stay away from any kind of minimum wage policy. Raising the minimum wage might help the lower 20% of people of the nation
Americans can all agree that America is struggling to keep unemployment rates low. If the government raised the minimum wage to $10.10, a projected 85,000 jobs will be created in the next three years. Along with the increase of minimum wage, everyone will be making more money, otherwise known as wage inflation. If the minimum wage goes up three dollars, people who make more than minimum wage will get more money to compensate for employees that make minimum wage. The modern economy is far too ahead of the measly $7.25 minimum wage workers make.
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.
If one does not have a skill to make more than minimum wage, they should focus on acquiring one. This country needs to focus on recreating a supply and demand economy, which it prospered off of at one point. Once people start earning the wage they deserve, the employers would adjust the prices of all goods accordingly and remove the pointless inflation caused by minimum wage. This would drastically reduce the living wage, improve the economy, and start giving people the motivation to make our country great
Minimum wage should be agreed upon to increase because no one should have to make the decision of keeping the lights on at their home or buying food for their kids to eat. The economy is growing and it is getting more expensive to live in the United States. At this rate, we will be back in a depression if pay is not increasing with the cost of living. In today’s world minimum wage is $7.25 and to rent a one bed room one bathroom is a $1,000 without water and utilities. Clothes, food, car payments, and gas to get to work and back should not be a struggle.
Today’s minimum of $7.25 an hour is worth 25 percent less than the minimum in the late 1960s. From research, a full-time, minimum-wage worker earns about $15,000 per year, which is below the federal poverty line for a worker with just one child. We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs, such as food and other necessities. An increase to $10.00 an hour as proposed by President Barack Obama would actually reinstate the wage factor to the same value it had back in the 1960s. In doing so, it would lift earnings for nearly 28 million workers nationwide roughly 1 in 5 U.S. workers.
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.
Third, some argue that raising the minimum wage may actually hurt the very workers it is intended to help by leading to higher prices and reduced hours. When businesses are forced to pay their employees more, they may be forced to raise prices in order to cover their costs. This can lead to reduced demand for goods and services, which can in turn lead to reduced hours for workers. Fourth, while raising the minimum wage may help to reduce the gender pay gap in the short term, it may not be a sustainable solution in the long run. Without addressing the root causes of the gender pay gap, such as discrimination and lack of access to education and training, raising the minimum wage may only serve as a temporary fix.
Workers across the United States wish to raise the minimum wage to ten dollars. Minimum wage should not be increased because people who work at fast food restaurants should not get paid as much as someone who workers harder than they do and it would not be a benefit to the people of the United States. Minimum wage means you get paid the minimum you can receive for working every hour, why wouldn’t an individual want to get paid at the maximum limit they could earn instead? Employees who would like to get a higher income need to get a more professional job. There are plenty of fast food restaurants in every state and they are always hiring full-time and part-time jobs, but shouldn’t adults work somewhere with more benefits, such as a hospital or a school?
One of the greatest effects of a $15 an hour minimum wage would be its impact on
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.
However, in the long run, many employers will not be able to maintain to stay in business due to the significantly high wages. An increase in minimum wage would cause millions to lose their jobs and put them further in poverty. It would even make it harder for them to obtain jobs after the increase due to the increase of competition in the job market, and most importantly an increase in minimum wage would cause increase in the price level and it will reduce significantly consumption due to the lack of purchasing power that is cause by the higher inflation rate. The minimum wage should not increase because it is unsustainable economically. Another approach of help guide people out of poverty can be a push for an increase in education and knowledge capital instead of continuously increasing the minimum