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.
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."
That is an increase from 11% in 2000 according to US Census Bureau data. First, any serious strategy to facilitate the economic growth of the US is obligated to include finding means to increase better paying jobs to aid both people without jobs and those working in low wage positions considered working poor. For example the Economic Policy Institute estimates that half of the jobs pay less than $34,000 a year. Hence it is not very hard to visualize families trying
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.
Almost all articles, for or against the raise, agree that as long as the poverty line is not adjusted, then state and federal services that low-income workers were previously using would decrease. This means that the money that is no longer being distributed in food stamps or other services can be returned to Washington, D.C. and be redistributed. Economists say that raising the Federal minimum wage to $9 will restore the dollar to its real value (The President’s Plan). And indexing the minimum wage would ensure that working families keep up with inflation. Many economists say that by raising the Federal minimum wage by $2 would increase the unemployment rate significantly.
Evelyn and Luis have a family of 3 children. Luis works for minimum wage as a mechanic Evelyn works as a nurse. The money they make goes for cable , the water bill and rent. They would like to have a lot money but are unable to. President Obama wants to increase the amount of money people are paid from $ 7.25 to $ 10.10 .
Seven dollars and twenty-five cents an hour, or fourteen thousand five hundred per year, is the lowest amount the government deems appropriate to pay workers. This amount is sufficient for a single person with no extra expenses, but that is often not the reality of minimum wage workers. While some believe that raising the minimum wage would do more harm than good, increasing the minimum wage to a living wage would benefit society by reducing poverty, increasing productivity, spurring economic growth, and improving peoples’ quality of life. Some people say that paying workers a living wage would benefit not only the workers but the whole of society. Raising the minimum wage would lift many people out of poverty, making opportunities more accessible
British Columbia has a decent minimum wage compared to other provinces and territories. Our minimum wage is $10.80, which is the sixth lowest in Canada. The median minimum wage across Canada is currently $11.30, 50 cents higher than our minimum wage. Each of the provincial candidates have very different views on our minimum wage. Our current premier Christy Clark (Liberal Party) has already pledged to raise our minimum wage to $11.25, but has now decided to increase it to $11.35 by September 20th.
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.
The disparity has been justified that women make less money than men are based on what seem to be logical reasons but According to a 2010 study done by the U.S. Census Bureau, the average of all working women earn 78% of what men makes and 64% for black women. While is is useful to look at the incomes of men and women as a whole, it still doesn’t account for things such as educational level, work experience, hours worked, and type of job. However, even when we control for these factors, the gender pay gap still exists. The U.S. Bureau of Labor Statistics released a 2014 report examining the median weekly earnings of full time wage and salary workers that took gender and job position into account. When type of job and job position are control for these factors, the gender wage gap disparity still exists in every field.
The Congressional Budget Office estimates that raising the minimum wage to $10.10 would boost earnings for around 16.5 million workers, while causing up to 1 million jobs to be eliminated. To me that’s not a great trade-off: according to CBO, the typical family living below the poverty line would see its annual income rise by only around $300, or about 2.8%. But for up to 1 million workers, their salaries would go to zero. Since most minimum wage workers receive a raise within one year anyway, eliminating jobs and cutting off from the first run on the ladder of job promotion seems too high a price to pay.
The minimum wage in Virginia should be increased to reflect the cost of living within the State. The number of working poor are increasing. There are minimum wage jobs available throughout the state, however earned wages are not sufficient to allow for a manageable quality of life. The current minimum wage in Virginia is $7.25 per hour, in keeping with the Federal Minimum Wage rate of the same amount. According to the Labor Law Center (2015), Virginia’s last minimum wage increase was in 2009; the wage increased from $6.55 to the current rate.
These people are all living under the poverty line. The standard cost of living in America is $58,627. Too out of these 1.7 million Americans on minimum wage, only 21% of this number are teenagers, that leaves 79% being adults with families. Minimum wage should be raised because: some people could better support their family with more income, the economy could experience a boost , the quality of line could mean better workers, workers government program like social security food stamps and other government programs can be reduced and lastly taxes can lowered.
Minimum wage should be raised because the economy is at a point where if minimum wage is raised there would not be a drastic change. In a minimum wage increase to $10.10 like Obama wanted that would raise the national ratio to 50 percent. In San Francisco they raised minimum wage up to $10.74 and that has made the 40 percent city median wage. In February of 2013 Obama raised the minimum wage and one month into doing that the economy raised and got better for workers and
Small Businesses could go out of business if we raised the minimum wage to a higher price. This is a widely debated subject of money, income, and the effect raising the minimum wage can have on businesses and the economy. Currently, the federal minimum wage is seven dollars and twenty-five cents and have been established that way since 2009. It has been said minimum wage should be increased to accommodate living expenses and travel time to places of work. The problem with raising minimum wage , that many people do not realize, is how it affects big and small businesses.