America today is faced with its fair share of problems. There are low employment rates, debt, and inflation everywhere, riddling the economy with issues. There is absolutely no reason that any American citizen should want to pile upon the problem. Yet, some believe that it could be done by raising the federal minimum wage to fifteen dollars an hour. Fortunately, history, economics, and common sense prove the minimum wage raise proposition wrong.
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.
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. “People don’t go to college to earn a $9.10 minimum wage: Guest opinion” by Justin Norton-Kertson is an article that argues against Lee Spector’s article. Although both
Around 50% of the responders (549 out of 1102) rejected that idea and mentioned ‘It is not good idea to include transportation cost in semester fee.’ However, 245 responders indicated that they were ready to pay $10 to $15 per each semester for the transportation cost. Similarly, 220 responders agreed to pay $15 to $30 per semester. Only 88 responders voted for more than $30/semester transportation cost. Table 24 presents the details for the answer received regarding the question for commuters’ willingness to pay for the compulsory fixed transportation fee in
Just like Barak Obama, Jill Stein wants to increase job opportunities. She also believes that minimum wage is unacceptable. Jill Stein believes jobs should pay livable wages and not just minimum wages. With prices in the economy going up daily, everyone will not be able to live off just minimum wage. Some people work ten and twelve hours a day making $7.25 just to support a family of 3, that is just for single parents.
Some workers would have no choice but to work minimum wage and this amount of money is barely possible, if not impossible, to live on. Reagan made no effort to raise the minimum wage and this forced those in poverty to not be able to have a proper standard of living. As the economy grew, their wages would not change and the poor would be left behind in a world of constant
Do you think Target should raise the minimum wage to $15? I think Target should go ahead with this idea because homes nowadays are very expensive to live in and people need to at least somewhere they can go home to do what your body needs on a regular basis. Many people that are working little jobs like this have to work at least two jobs to not struggle. In an article by Anne D’innocenzio she said “Thousands of workers have protested to call attention to their financial struggles and fight for $15 an hour”. This would help many people to stick with one job so for those single parents that work two jobs they would only have to work one job and not stress about being in their child’s life.
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.
Statistics show that there are over 35 million Americans that live in poverty. That is almost 10% of the whole population. There are many reasons that cause poverty in America. The lack of jobs that are available for people with a low education. People can’t get the education they need because colleges are too expensive.
The NBS criteria for working age is 15 to 59 years old. Many have called for the government to relax the policy even though there is no guaranteed that it would solve the working age dilemma right away. This working age problem mainly affects the labor wages. With shrinking supply of labor, the wages will increase significantly and make China a less attractive location for production and investment. In addition, China will faces another problem.
These millions of people are not only taking a big risk and not obtaining health insurance, when they file their taxes in April they will have to pay a fee for each month and each dependent without coverage. These fees can be hundreds of dollars putting them even more in debt. The Affordable Care Act has helped millions of people and there are many great features to it. But, Obamacare is not enough and it is not the solution. Politicians need to continue to come together to find a happy medium.
The penny cost 2x as much as it really is. 700 million dollars isn 't worth the one cent piece, we could be using this money on charity or something else important. Though the penny has been part of the U.S for more than a hundred years, it should not be minted anymore because of the high production cost and other countries such as canada don 't even bother using them at all. People argue that the penny should stay because of its long time and history with the US, but what they don 't know is that the penny cost more than 2.4 cents per penny. “The US Mints budget in 2010 was 27.4 million dollars in penny production”(source 1).
The year prior— 2010— taxpayers lost $27.4 million, and in 2009, they lost $19.8 million (Source #1). In Source #2, the text states "Pennies are "too heavy and not cost-effective to ship,”" You may ask, "what does cost-effective mean? Well cost-effective means "producing desirable results without costing a lot of money" (Source #2). As we can see, they cannot produce pennies without more money than the pennies
After thoroughly reading two articles by Surowiecki and Saltsman on if the United States raising minimum wage, the minimum wage should remain the same. To support this statement, Saltsman states that the people who live below the poverty line, in fact, are not poor because of minimum wage; Americans remain poor due to not working at a job. People continue to live in poverty because they lack the skills to even attain a job or look for a job. Even though Surowiecki claims that 46% of today’s families live off of a minimum wage worker, minimum-wage jobs weren’t meant to support families. Minimum-wage jobs were meant for teenagers and woman.