The fact of everyday needs is so expensive that it is hard to meet their basic living expenses. Due to the fact that people have to pay for food, housing, car payments, and many more things to survive the minimum wage should be raised. As said in the article, a guy that supports himself would have to work 93 hours a week to be able to be able to afford the essential needs. The Adams American Dream definition says how they want everyone to achieve and succeed in life which is really hard not being able to with the minimum wage this
Estimation results show that increases in the minimum wage were ineffective at reducing poverty among single mothers. Many of these working single mothers were not affected by the minimum wage rises because they were already paid more than state and federal minimum wages. The single mothers who are less educated that were affected, did not see a rise in income because of the negative employment and hours effects. In the low-skilled population, a 10 percent increase in the minimum wage resulted in an 8.8 percent reduction in employment and 11.8 percent reduction in annual hours worked. In the long run of a rise in minimum wage, more people fall back into poverty rather than being pulled out of
There are just few things that both people and companies want and that is to make money. Companies want to make a profit to survive and become stronger and grow. Then you have people or employees they just want to make money to provide for their families. The nations minimum wage right now is low and many people struggle to provide for their families, and then the companies they work for are getting richer and so are their leadership, but the employees are still low or at a minimum pay rate. Which side will win, many states and politicians want the higher minimum wage. What will really happen if this becomes true will it make certain companies go out of business or will they adapt to cut jobs so we may be back at the starting point all over
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.
A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.
Raising the minimum wage has been one of the biggest debates during the 21st century. One side of the spectrum argues that raising it will make it so they have a living wage, while the other argues that raising it will hurt the economy. Whichever the case is, people are clearly divided on this issue. Before Oregon passed the 15 dollar minimum wage law, people wrote arguments to try to either prevent or pass this law. The article, “How a $15 minimum wage would affect a real business: Guest opinion” by Lee Spector argues that raising the minimum wage would hurt small businesses like the one he earns. “People don’t go to college to earn a $9.10 minimum wage: Guest opinion” by Justin Norton-Kertson is an article that argues against Lee Spector’s article. Although both
Because the cost of living has welkin rocketed, it has become virtually infeasible to raise a family on a minimum wage job. A person living on his or her own cannot survive on minimum wage job either. Their living expense would just be exorbitant. The earnings of minimum wage workers are crucial to their families salubrity. Evidence from 2013 and 2014 minimum wage increase shows that an average minimum wage worker brings home more than a moiety of his or her family 's weekly earnings.
Minimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.
Should Minimum Wage be Raised or Lowered? In the past years there’s been a massive debate over the issue of increasing or decreasing minimum wage to workers in the United States. Minimum wage was first created in 1938 to help the living of lower class citizens in America. The law was formed to assure the citizens could afford necessities and basic living cost.
The Minimum Wage Struggle Money is an essential object to acquire in the society we live in. Various places demand a high monthly rate in order to occupy a premise, along with the stress of utility bills that may not be included. Aside from living costs there are many other factors which must be calculated when budgeting on a day to day basis. Overall, the survival rate tends to increase due to so many responsibilities that need to be upheld, as well as costs being raised. This rise in both the cost of living as well as the need for higher wages proves that the standard of minimum wage needs a major increase.
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.
Introduction Minimum wage is the lowest hourly rate an employer can pay an employee for hours worked. The topic of raising the minimum wage is a sensitive issue for many people. The livelihood of many relevant stakeholders will be directly effected by policies created in regards to raising minimum wage, both positively and negatively. This paper will examine the history and current state of minimum wage. It will identify the issues connected to raising minimum wage, analyze the arguments for and against, and make recommendations based on the analysis.
During the Obama administration there has been a call to rise the minimum wage to $15.00 an hour. Those who support the rise claim it is a only “fair” for workers to have a “living wage”. Those who against the rise of the minimum wage say it would have a negative effect on business, small business especially. Business should not mandated to provide to provide a minimum wage based on the governments’ say. In fact I believe the minimum wage should not be raised at all.
The federal government and the state government spend a lot of money helping out the poor. They help the unemployed, the sick those who work full time jobs but cannot provide for their families. Raising the minimum wage would save the government money because a raise to $10.10 would take 1.7 million people off of various types of public assistance. The higher minimum wage would result in a less expensive food stamp program. Raising the minimum wage would result in a 6 percent cut in the amount of money the program needs to operate. This 6 percent cut would result in a savings of $4.6 billion dollars annually. This is only one of the government assistance programs that would benefit from a higher minimum wage. There are several other programs that would require less money if Americans relied on them less. Overall, the federal government alone could stand to save $7.6 billion dollars from all of these programs because 27 million American workers would be receiving a wage that they could live on. This money could then be reallocated to give greater help to those