Essay On Federal Minimum Wage

In his article “Elitist Arrogance,” Walter Williams discusses the effects that setting the minimum wage at fifteen dollars an hour would have on African American and low-skill workers. He states that during the 40s and 50s, more African American teens were active in the labor market and employed than white teens. Today, however, more white teens are employed and active in the labor market than black teens, and Walter believes that this is because higher minimum wages have caused companies to discriminate against low-skill workers, which is largely represented by African American teens. Minimum wage is a good policy that the Department of Labor has every right to enforce in every state. Setting a minimum wage attempts to assure that citizens will not be totally taken advantage of in the workforce.

In the article “A $15-Hour Minimum Wage Could Harm America’s Poorest Workers”, Harry J. Holzer outlines the effects of a fifteen dollar federal minimum wage. He interprets statistical data from different credible analyses and thoroughly explains the meaning of each. The author also does a great job informing us the results from past federal minimum wage increases. He recognizes that jobs will inescapably be lost; therefore, many people will be unemployed. While some citizens believe that a $15 raise will help the economy, the author comprehends the negative consequences of any federal minimum wage increase on the economy.

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.

Raising the minimum wage, a topic that has been plaguing the nation for years has finally made its appearance in Los Angeles. Many people argue that raising the minimum wage is helping everyone, distributing the nation’s wealth more equally, but that is definitely not the case. Raising the minimum wage to $15 an hour in Los Angeles County is a double edged sword, helping many lower-income workers, but harming more middle class employees and employers. The intent of raising the minimum wage is to help many lower and middle class people. But, by raising the minimum wage to $15 an hour in Los Angeles County, the city is raising the standard wage by more than 50% within the span of 5 years.

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.

Ever since the Great Depression, the minimum wage has been in effect — in order to reduce poverty and solidify that employees are paid a reasonable sum. Although the minimum wage can be beneficial and advantageous for individuals and to our economy as a whole, it can also be detrimental to our nation’s finances. The federal government should not allow this to pass, but rather they should increase the citizens’ knowledge of the pernicious consequences and complications that will arise with a higher minimum wage, especially one as high as $15 per hour. Some of the resulting conflicts that will occur if this possible raise in the federal minimum wage takes effect are: job loss, business failure, higher consumer prices, and a lower demand for uneducated employees. Although it may appear as if increasing the federal minimum wage will help to lift families out of poverty, in

In New York fast food workers pay was a approved to $15 (minimum wage). Many other states across the U.S. Are pushing to get a $15 improvement for minimum wage. Although there seems to be a gender gap in compensation many bills make it so there is equivalent pay for the work that everyone does. The bills help strengthen the laws that require equal pay already. Paid family laws are getting more attention.

Yet, fast food where all one needs is either a GED or high school degree and no college requirement is needed wants to make $15 an hour. Which to choose: raise minimum wage or keep it the same at $7.50 an hour? States that have officially passed for minimum wage to $15 an hour are as follows: New York, Seattle, San Francisco, Los Angeles, and Washington D.C. New York’s minimum wage by the end of the year will be raised to $10.50 an hour and by the year 2018, the minimum wage will increase to $15 an hour. Seattle’s minimum wage will increase to $9.32 by the end of the year and will increase to the $15 an hour by 2017.

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.

The fight for 15 has been a controversial topic in society for the past six years (since 2012), the conservatives and liberals are in the debate of which would be better for our country. “Democrats believe that the current minimum wage is a starvation wage and must be increased to a living wage,” (NBC). The current federal minimum wage is at $7.25, but senator Tom Hanks had created an act in the year of 2013 to raise it to the price of $10.10. Republicans are quite adamantly against this increase, to the point that the House unanimously voted down the proposed increase. “A large minimum wage increase will damage the economy.”

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.

In 2013, an estimated 12% of workingwomen would have benefited from a one-dollar increase in minimum wage. A disproportionate portion of minorities would benefit from a minimum wage increase. African Americans represent 12% of the total work force, but are 18% of workers affected by an incrementation. Similarly, 11% of the total work force is Hispanic, but Hispanics are 14% of workers affected by an incrementation. In 12013, a moiety of the benefits of a minimum wage increase would have gone to workers in households with an annual income of less than $35,000.

A minimum wage job is a starting point to a career, not the overall goal. Minimum wage should not be increased because prices will rise, employees may lose their jobs, and people will not have the urgency to achieve a higher level education. Increasing minimum wage will result in higher consumer prices because business owners will be forced to pass the cost of labor onto their customers. Having a higher minimum wage would make buying necessities difficult for people who are unemployed. Some teenagers are forced to obtain a job during school.

I think the federal minimum wage should be increased. The minimum wage is basically the lowest wage permitted by law or a special agreement. In this essay, I will write about three reasons the minimum wage is good for us all. The first reason is because it helps those that are poor. The second reason is because it is good for the economy.

Seattle 3 years ago became one of the first states to incorporate the $15 dollars minimum wage. The first study by a team of researcher at the University of California, Berkeley study, that raising minimum wage to level would lead to at most a slight reduction in the employment rate. Moreover, the Berkeley study focused on the restaurant industry because some restaurant workers are paid minimum wage. For instance, for every 10% that minimum wage increased, wages in the restaurant industry rose 1%. As a result, there was no noticeable effect on employment.