Desiree Ripoll Professor Heuer ENC 1102 5/30/2017 Increasing the Minimum Wage is Good for America Raising the minimum wage is not only beneficial to those who are struggling financially, America’s economy would benefit from this as well. Doug Hall and David Cooper express how increasing the minimum wage would be a tool for modest job creation in the article “Raising the Minimum Wage Would Help Lower-Income Workers”. In the article “Is a $15 minimum wage economically feasible?” Jeannette Wick-Lims discusses how raising the minimum wage is good for the economy if we adapt to the changes accordingly. Elise Gould argues about how there is a strong statistical link between economic growth and falling poverty rates in her article “Increasing the
If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out. If America raises the minimum wage to $9.00, it will help people in need or in poverty, but it also won’t hurt people in the workforce. If you increase the minimum wage to $15.00 it will make unemployment rates go high up. Which in the process, makes the homelessness rates go up in the country and in your community. If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness.
The second reason is because it is good for the economy. And last but not least, the third reason for raising the minimum wage is because it puts more money in the government for low income programs. The raising of the minimum wage helps poor families in different ways. First, it raises their standard of living. Low income families can afford to rent a better place like a nice apartment.
01 Mar. 2016. The American Action Forum believes that raising the minimum wage can do more harm than good and hurt the people it’s supposed to help. Job loss in the millions would happen if the wage was raised from $7.25 to $15. People in poverty before the increase would have trouble finding jobs because companies would have to have less positions to counter the wage raise.
Speech Body Existence of Problem: The minimum wage rate is causing higher levels of poverty and unemployment. Evidence of Problem Existence: On a article Michael Saltsman wrote that President Obama has discussed raising the minimum wage rate to $9.00 per hour. He believes that "a higher minimum wage can reduce poverty without reducing employment." On another article listed on The Washington Post Mike Konczal stated "Dube uses the latest in minimum-wage statistics and finds a negative relationship between the minimum wage and poverty. Specifically, raising the minimum wage 10 percent (say from $7.25 to near $8) would reduce the number of people living in poverty 2.4 percent."
For starters, college graduates earn much more money than those with a high school diploma as their highest level of education. According to the article “New School Year, Old Story,” college graduates earned an average of $415 more per week than high school graduates with no college degree (Bureau of Labor Statistics). Also, they earn about 63% more in hourly wages (Five Ways Ed Pays). Finally, as stated in “Actually, College Is Very Much Worth It,” the median weekly earnings of a college graduate are $1038 (Rotherham 80). College
The gap between men and women in poverty is far vaster in America than anywhere else. In 2007, 13.8 percent of females were poor compared to the 11.1 percent of men. Women living in high-income countries such as the United States give birth with the help of medical attention, but for low-income countries this is usually not the case. The Death Toll in poverty by race causes the population of many poor Americans to double 25 percent every year. There are a lot of drawbacks to those who have low-income such as housing stability and economic development.
Therefore raising the minimum wage would be benefit. There is a distinct decision that America should make on raising the minimum wage. Raising the minimum wage would get millions and millions of people out of debt and let them live a good life. Also raising the minimum wage would definitely boost the economy of our great nation. Because of these reasons, it is clear that the minimum wage should definitely be increased.
That someone working forty hours a work could be so securely bound by poverty is unbelievable and unacceptable. Such scenarios, which afflict millions and millions of people, appear to violate the so-called “social contract” of the American Dream (Source 2), which posits that working hard guarantees a comfortable life with decent housing and basic necessities. Such a fancy is belied by the harsh reality of the minimum wage. Even progressive attempts to elevate the national minimum wage to $10.10 leave earners with a hourly salary with buying power “lower than what” $1.60 was worth in 1968 (Source 4). Here, the minimum wage is actually working against its goal; rather than providing a livable baseline wage to subsist upon, the minimum wage standard is being used as a lever for exploitation, with employers steadfastly refusing to pay much more than the merest amount legal.
The people who make minimum wage very clearly express their theory that higher pay will benefit them and show many valid points on why it should be increased. Minimum wage workers work hard and "[s]ince the 1970s, productivity has risen dramatically...[y]et middle- and low-wage workers ' incomes have barely changed" (Dorn). These circumstances make it hard for low wage workers to stay above the poverty line when the average low wage worker makes only $15,000 annually (Dorn). Before inflation, the minimum wage was surprisingly much higher, "in 1968, the minimum wage was close to $10 per hour in today 's dollars" (Dorn). This provided workers a lot more money to live on, while todays workers are forced to rely on things like "food stamps or the Earned Income Tax Credit" (Dorn).
Sixty percent of workers who would benefit from an incrementation are women. 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.
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. Holzer also defends the idea of a massive increase on in not only unemployment rates, but common household items, as well.