Clearly, there are two sides to this situation, and people may argue these business owners currently have the upper hand as they are allowed to pay their workers as low as $7.25 an hour according to the federal minimum wage policy. That may be true, but it can simply increase if these workers revolt against these business magnates by not working forcing them to increase their salaries. It may cause them not to make money for a few weeks during these riots, but would benefit them in the long run. The essence is, Americans should increase the minimum wage and that it should increase because it would prevent workers living under minimum wage from changing their lifestyle to adapt to the working conditions and would decrease the overall poverty in the
But some people believe that the minimum wage is fine. Obviously these people have probably never relied on $7.25.It is extremely important to raise minimum wage soon one reason is because while it might take out of the economy for awhile it will also get back in two it will raise people out poverty three $7.25 is no where near a living wage. The first reason we need to raise the minimum wage is because a lot of people will benefit from it. Most people say that raising the minimum wage will just come back to bite us. But if we have enough places do it we will balance the economy out Another
Legislators often think that putting more money in the pockets of the poor is likely to help their families. However, legislation will not rescind the laws of economics. According to research, mandated hikes in wages imposes real costs of economics and these costs are principally borne by the very individual legislators are trying to help. However, it leads to an unfortunate attempt to increase minimum wages as it depends mostly on emotion rather than economic reality. Cohorts mostly depict the typical minimum wage earner as a solo parent who is struggling to place food on the table.
There are some people that are totally against raising minimum wage because it can lead to losing jobs, but besides that it can make many people and families get out of debt. Because of this it would benefit many Americans if the minimum wage were to be increased. One reason the minimum wage should be increased is because it would allow people to get out of debt. According to a professor, Robert B. Rich “An increase of a couple dollars per hour… allowing them to exit
With the increase in living costs, people are demanding that they receive a higher minimum pay to cover these expenses. In his article “Millennial Thoughts: Minimum wage and my take,” Will Perkins offers his opinion on minimum wage. There are many sides to the debate of whether to increase or not to increase minimum wage. Perkins, in his article “Millennial Thoughts: Minimum wage and my take,” discusses the controversial issue of raising minimum wage. He emphasizes that people who work full-time should “earn a livable wage.” In addition, he feels that it should not matter where you work, as long as you are providing people with a productive service, your hourly pay should be increased to where you can live reasonably.
Raise Minimum Wage Raising minimum wage has always had a debate amongst people. There has always been a controversy of doing so has or not, how ever there is always some advantages and disadvantages in such topics as such. According to some studies from 2013, research shows that raising minimum wage could in fact increase job growth and activity. This research was based on the wages of $7.25ph increasing to $10.10ph and if it was done so, it would point 22.1 billion dollars net into economy and produce 85,000 if not more jobs in a period of 3 years. Studies also show that raising minimum wage would reduce poverty, a $10.10 minimum wage could save up to 900,000 people out of poverty (Congressional Budget Office).
This income would be okay for the average high school or college student, but not for a parent who maybe didn 't finish high school and has a family to take care of. This forces a minimum wage worker to rely on the government for things like food stamps, cash aid, housing assistance, and health care. “Increasing the minimum wage can be part of a comprehensive poverty-reduction package in developing countries but should not be the only, or even the main, tool to reduce poverty”. Minimum wage workers spend more of their income on things like housing and never get to a point to be financially comfortable causing more people to go into poverty. Studies show there
Textual Evidence #1: ___On Document E it states that the GDP growth has raised education levels, higher living standards, and better nutrition due to the fact of less people. Therefore the children in china could bring in more revenue because the are better educated. Reasoning (explain what the above textual evidence means & how it supports your claim) ___The text above supports my claim because the one child policy was the causes of all the GDP growth and higher living standards. _ Textual Evidence #2: _____On Document E it also states that the costs for workers has dropped because they have fewer people to pay which means that the people get more money. Then if the people get more money that also may raise the GDP.
This problem is also creating some other problems in American such as increase crime rate is also because of poverty. There is millions of American who cannot afford to get basic necessities of life. Another important point is that because of ignorance of government for this issue, the poverty rate will continue to increase. So based on these facts; I have selected the issue of poverty to solve. Below are the steps that I will take to solve the problem of poverty: I will promote the policies which will be helpful to create more jobs.
Due to ongoing increases in growing deficits that contribute to the growing National Debt, there has been continued discussion to implement a balanced budget. There are both positives and negatives for enacting such an amendment that has been laid out by many scholars. Additionally, there has been an alternative to a balanced budget amendment and that is to enact procedural rules. There are two metaphysical arguments against a balanced-budget amendment and that such an amendment would harm the economy. First the Keynesian stabilization policies for economics that centers around changing economic direction in respect to the status of the economy.
Imagine an increase of unemployment, closing of businesses, and living costs. These would be results of an increase of minimum wage. The increasing change of minimum wage does not always result in beneficial ways. Would you want a hike in minimum wage if it could possibly raise the prices around you? Minimum wage is affecting employment, businesses, and how people live in ways that are unrewarding.
And many states that have increased their minimum wage above the federal minimum have, generally, a higher cost of living (Living Wage Map). There are always downsides to raising the minimum wage, as there will be with a topic with two vastly different opinions. Does the minimum wage hurt unskilled workers? Should we raise the minimum wage? Why do we still need the minimum wage?
I do not believe that it will be beneficial for the United States to pass a minimum wage policy that puts it over the poverty line. Basically, this will dive the prices of products up so companies can manage profits. Additionally, the demand for products will additionally drop because of the rise in prices. Since the demand for products will be dropping, this will lead to less money in the business owner’s packet, which can lead to job losses. Even though the minimum wage workers will have more money on pay day, the rise of goods will cause inflation, and they will still not be able to afford anything.
But, I can insure you that higher tax prices are only a slight sacrifice that the government should be willing to take in order for free colleges. As I have stated earlier, with free college the national debt of America will decrease by 1.2 trillion dollars. High amount of debt is a primary reason why American taxes are already so costly, so if the overall debt decreases then the taxes in the United States will also decrease. This will allow for the taxes of free colleges to equal the same amount as taxes are today. In addition, free colleges will result in more Americans attending school after they graduate high school.
President Obama wants to increase the amount of money people are paid from $ 7.25 to $ 10.10 . Today more minimum wage works are exchanged of making money for their families (smith 2) In order for our country to be stronger minimum wage needs to be raised because of their children and bills. One reason why the minimum wage should go up because they need more money for their children. “If we increased the minimum wage workers will earned 6,000 dollars more for their family” (smith 3) The minimum wage