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 man walked out of the store into the pouring rain with only a cookie and a small water to fuel his day. The inflationary effect of raising the minimum wage is essentially a tax on everyone who already makes more than the minimum wage. If the minimum wage is raised people who make more than minimum wage will have to pay for those costs, in the form of taxation. A $15 minimum wage sounds great for people who don’t make much, but cash that goes into one pocket must come out of another. Business owners with lots of minimum-wage employees would undeniably see their costs skyrocket.
It irritates me how many athletes are paid for each year. Sure, people like LeBron James, Tom Brady, and Jonathan Toews deserve to be paid $10 to $30 million dollars per year. But other players (average athletes) don’t even deserve to have a single million due to their performances. Just imagine you 're a surgeon. You save dozens of lives in your career and make $187,200 per year.
Henry Ford says his reasons for implementing his $5 per day wage policy were to stabilize the workforce and raise the bar all over the world. It was widely believed, however, that he believed increased wages would expand the market and therefore his employees and those like them would be able to afford Ford’s products. The reason, nonetheless, was actually because Ford had a high employee turnover rate. With a rate of hiring 52,000 workers to only keep a workforce of only 14,000, the increased cost and delayed production inhibited Ford from selling his cars at the low price he desired. He needed to cut turnover and training time of the labor force.
Think about it, you can’t expect to get paid $15 an hour right when you start a job. You have to earn a promotion to get $15 an hour, maybe even a few. Now the argument is that minimum wage is to low, when you’re missing the keyword, minimum. Of course companies are not going to want to raise the minimum, companies have minimum wage jobs so they can hire mass amounts of people, and get a ton of people doing the same or different jobs. If we raise the minimum wage, not only are jobs going to be lost.
Raising the minimum wage would create jobs and promote job growth. A raise from $7.25 to $10.10 would inject 22 billion dollars into the economy and create over 80,000 jobs over a 3 year period (Minimum wage). The raise would help put money back into the economy creating big economic gains, and more jobs being created by business. More jobs can help lower the unemployment rate in the US, as well. Overall, Raising the minimum wage can help create jobs, lower unemployment rate, and put money
I believe that sweatshops should be illegal everywhere because of the treacherous working conditions and pay. No one should have to work long hours in really bad conditions for so little money. I believe the company should pay a lot more than than they normally would because if someone is working in a sweatshop, usually the really need money. If a deli clerk makes about $10 per hour, than a person who workers day and night in dire conditions should get paid more than a dollar a day. My problem with sweatshops was how little pay the companies gave their employees.
Many homeless people do not have money to live in shelters or homes or even have families that will take them in under times like this. Homeless people have no stable home, no car, so they feel the only place they got is outside in a safe enough place to fit their comfort. The homeless that are cited sleeping outside are getting fined for doing it in public, which they can not afford. There are many reasons why people are homeless and it not being their fault. It could be from poverty, unemployment, lack of affordable housing, poor health, family and relationship break downs, domestic violence, and sexual abuse.
There are some education policies that focus on equity that can help reduce economic downfalls in the future. "OECD research has shown that a more equitable distribution of educational opportunities typically results in a more equitable distribution of labor income in countries. It’s also clear that people with higher levels of education have a large competitive advantage in the labor market, both in good and bad economic periods". This helps secure jobs, and higher earnings for future individuals, helping decrease inequality over time. For example, this graph shows the statistics of income inequality in different parts of the world.
The nation's financial aid system currently fails to provide an equal opportunity to everyone qualified. with high amounts of student loan debts has been shown to reduce a person's chances of owning a home, getting married, having children, and accumulating wealth. The earnings for a full time minimum wage worker is $15,080 at the federal minimum wage of $7.25. Full-time work means working 2,080 hours each year, which is 40 hours each week. A better educated population could result in smarter decision making at every level of society, which could lead to
Some workers would have no choice but to work minimum wage and this amount of money is barely possible, if not impossible, to live on. Reagan made no effort to raise the minimum wage and this forced those in poverty to not be able to have a proper standard of living. As the economy grew, their wages would not change and the poor would be left behind in a world of constant
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.
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.
In doing so, it would lift earnings for nearly 28 million workers nationwide roughly 1 in 5 U.S. workers. It’ll especially help college students significantly with tuition money, textbooks, school supplies, food, and car expenses. It’s ridiculous how our minimum wage in Pennsylvania isn’t the same with California’s wage (which is $10.00). It is truly unfair, and I feel as though this is something that I believe in for the residents in
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.