Bill Quigley’s Top Ten Arguments for Raising the Minimum Wage argues that since the impact is so negligible there should be no reason businesses can’t afford it. He also addresses the “free market” system stating it will not take care of the workers. He points out the special tax breaks for businesses and states that this is nothing compared to raising wages, but this has yet to be done. Overall they seem to all agree that the workforce should be paid more, but do not agree how this should be enforced or even encouraged. Quigley very clearly believes in a minimum wage hike, stating that businesses will not take care of the people.
Action War Room/Think Progress, April 4, 2014 gives ten reason for raising the minimum wage such as, it will put money into hard- working Americans, reduce income inequality, get people off of food stamps, save the government, would not cause prices to go up, improve people’s economic security, businesses would also gain, children would be secure, will left people out of poverty, would not hurt job creation, and would help people support themselves instead of relying on the government and hand-outs. In a State of the Union Address January 20, 2016 President Barack Obama express to congress the importance of raising the minimum wage for all hard-working Americans when his said to Congress and I quote “Of, nothing helps families make ends meet like higher wages…and to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” and since 2013 18 states have already passed laws to increase the minimum wage, helping millions of
Many of the minimum wage workers who had been functioning in poverty would still be functioning in poverty because the cost of living would be elevated too. In the past when the national minimum wage was raised there was virtually no effect to people living in poverty. Some people might say that the talk about higher minimum wage is sparking hope in the workers. If a worker has a chance to earn more wages then they will work better so that they do get that raise; however, more people will lose their jobs because not as many people will get to work if others are making higher wages.
But yeah it is nice to have extra money by raising minimum wage but it is going to be the same thing overall, if not worse the bills are going to go up with it. Raising minimum wage could reduce the benefits you get such as insurance, vacation, and your future. Raising it as well means what about all the people that already have their worked their way to what the minimum wage wants to be set at. Do they expect them to stay at that same wage or go up as much as minimum wage raised. It is hard to raise the minimum wage
Others believe that it would cause even more poverty leading to inflation. However, I believe that raising the minimum wage would be very beneficial to those living in the United States. The idea of the minimum wage was first brought about during the 1930’s through the Fair Labor Standards Act of 1938. This act banned the use of child labor and set the minimum
According to Michael Reich, a professor of economics at the University of California, Berkeley, “[I]t would be disingenuous to suggest that the potential costs of raising the minimum [wage] could never outweigh the economic benefits. ‘We don’t know at what point that kicks in,’ he said. ‘We know that hasn’t happened at 50 percent or 55 percent.’” (Noam Scheiber, What a $15 Minimum Wage Would Mean for Your City) If the current national minimum wage is $7.25 and it is raised to $15.00 that would be a nearly 107 percent increase in minimum
Saltsman goes on to say that those who actually live in poverty need to find a job to help their situation before Congress touch the minimum wage. Raising the minimum wage will only increase the prices of everyday goods, especially since big corporations, such as McDonald’s, want to keep their profit margins large. On the other hand, Surowiecki explains that higher minimum wage remains only half of the problem; he suggests that Congress must expand earned-income tax credit and strengthen child and health care systems. In contrast, Saltsman refutes this statement when mentioning that unskilled workers will lose their jobs if the minimum wage is raised because their job will go to higher educated
When the minimum wage increases, business owners will have reduced profit, sales will fall off, and prices will raise. Eventually, the owner will not get any profit because the store will get $10 off sales but the worker demands $15 and the worker will have to be fired. A high minimum wage sounds like a great idea in the free market, but it seems like a joke. Customers will not agree to pay more on a product just because the business has to pay the worker more and they will lose a profit they really cannot afford to
Also, it will increase drug use. Another reason is that if there is an increase in minimum wage it would encourage workers with less skill to stay at the same level of experience that they have because nothing is pushing them to get a better job or to earn promotions. If the minimum wage were to be raised, people who are in poverty and that is on welfare has almost all the support they need to get a degree and try for a better job. People that are on
raise the price of minimum wage? Will the economy prosper by providing lower skilled workmen with higher paying jobs? Many Americans are all for raising the wage whenever they think it is needed. However, raising the wage has many negative impacts and has created a weaker economy. Continuing to raise minimum wage has caused people to become complacent and give up on their dreams.
At this point the benefits seem significantly more important than the costs. Sure the costs cannot be ignored but in the long run the increase in wage can improve people’s lives outweighing the costs that exist. Some of the important benefits from increasing the minimum wage would be giving a better salary to the people who depend on that money to provide and support their families. In today’s current situation the minimum wage has people living in poverty because what they earn is not enough to support them. By raising the minimum wage people can get themselves above the poverty line as “A more recent
The minimum wage in America has become a hotly debated topic among the people of the United States, from people working in fast food restaurants to politicians and businessmen alike. The main issue that people are debating on is whether or not the minimum wage should be increased, decreased or remain the same. There are as many, if not more advantages to raising the minimum wage that there are to lowering it, based on factors such as economic growth, inflation, as well as many other things, such as the fact that the minimum wage was established to provide an amount of money that one can supposedly live off of. The amount of poverty by percentage has done nothing but increase since we have declared a war on poverty.
Even though 85,000 new jobs would be created because of an increase more jobs would be lost. The increase could also inject $22.1 Billon into the economy helping the whole county not just the individuals who earn minimum wage. Because of the strong public opinion many different groups and politicians have tried to raise it again. The closest to succeeding so far has been the Harkin-Miller campaign to raise the minimum wage to $10.10. Senator Harkin and Representative Miller attempted to raise the minimum wage three times.
With the thought of minimum wage being raised the nation has to think of the upsides and the down side. For me, however, there is only a downside. If the minimum wage was to be raised to 15 dollars and hour, then the cost of living, food, and many other factors of everyday life would also increase in price. When the cost of everything else goes up, then many people would want the minimum wage to follow the trend and increase even more.