ipl-logo

Minimum Wage Debate

294 Words2 Pages

Economics 2010: Introduction to Microeconomics October 22nd, 2015 Bonus Assignment: Relating a News Article to a Class Topic Jordan Loder 201213535
Minimum Wage and Living Wage: Equivalent or Not?
The recent election and the raise of minimum wage in several provinces across has sparked a lot of discussion on the topic of minimum wage, a topic covered in our course in chapter 6. More specifically, the classic question of “is minimum wage a liveable wage?” has been addressed several times in news media. For example, this was addressed in a recent news article by the Globe & Mail in a piece called Minimum wage increases reignite livable income debate by Richard Blackwell and Tavia Grant. The article addresses the fact that there is often a disparity

Show More
Related

  • Analysis Of Minimum Wage In Nickel And Dimed By Barbara Ehrenreich

    451 Words  | 2 Pages

    The solution to the minimum-wage problem that haunts American workers in the 21st century is to strive for lower everyday expenses rather than for a higher minimum wage. The renowned author Barbara Ehrenreich, in her informational novel Nickel and Dimed, tells the story of how she performed a social experiment by working several minimum wage jobs, while living a lifestyle of a low-wage worker. In her novel, Ehrenreich concludes that minimum wage workers “in good health” can “barely support [themselves]” (199). Even though Ehrenreich earned “$1039 in one month,” at the end of the month she only had “$22 left over” as she had to spend “$517” on food and gas, and “$500” to pay her rent (197). As evident, Ehrenreich’s wage is not the cause of her

    Read More

  • Minimum Wage Fair Research Paper

    426 Words  | 2 Pages

    Is minimum wage fair? You tell me... There is always a big debate over the subject of minimum wage. Should it be increased or decreased or should it just stay the same? Minimum wage shouldn’t be heightened, because people who are in poverty should just be able to try and better themselves.

    Read More

  • Why Do We Raise The Minimum Wage?

    524 Words  | 3 Pages

    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.

    Read More

  • The Pros And Cons Of Raising Minimum Wage

    567 Words  | 3 Pages

    The topic of minimum wage is one that can lead to heated debates from both sides of the aisle over how much a person should be getting in payment versus how much work they do, or how hard they work to earn the payment. Countless people today are not getting paid the amount they should be based off of the work that they are putting in to their job. There are arguments leaning towards the raising of minimum wage, and there are arguments leaning against the raising of the minimum wage, however one of the arguments I find persuasive. There are some arguments that lean towards the raising of the minimum wage. The first argument presented involves job creation in the United States.

    Read More

  • Is It Ethical To Raise Minimum Wage

    321 Words  | 2 Pages

    Is it ethical to raise the minimum wage when it doesn’t necessarily affect the very poor, the people it’s aimed at helping? The minimum wage is the lowest hourly wage an employer is permitted by law to pay an employee for his work. The current federal minimum wage is set at $7.25 an hour. Across the country, there is an overwhelming push in favor of raising wages for our poorest workers. In January 2016 the minimum wage in California was raised to $10 an hour.

    Read More

  • Should The Minimum Wage Be Increased?

    601 Words  | 3 Pages

    Minimum wage is a highly debated topic. Should the minimum wage be raised or should it stay the same? When there are 25 million people who would benefit from increasing minimum wage, why does the question so difficult to answer (Quinn, Castle, LaTourette, Morella)? When an answer can affect how people live their lives the answer should become easier to answer. Yet we have to think about what the outcome would be to each scenario.

    Read More

  • Essay On Raising The Federal Minimum Wage

    733 Words  | 3 Pages

    A minimum wage increase from “$7.25 to $10.10 would result in a loss of 500,000 jobs”. ("The Effects of Minimum-Wage Increase on Employment and Family Income”) This claim is better because it shows how raising the minimum wage will decrease job growth instead of increasing it. But, the minimum wage should be increased because increasing will also increase economic activity and spur job growth, decrease poverty, and improvements in productivity and economic growth have outpaced increases in the minimum

    Read More

  • Minimum Wage Sociology

    1153 Words  | 5 Pages

    We find no evidence that minimum wage increases between 2003 and 2007 affected overall state poverty rates. ”(Leigh, A. (2007) Proposals to increase the minimum wage are politically popular because they are widely seen as an effective way to help the working poor. In spite of it, state and federal minimum wage increases between 2003 and 2007 had no effect on reducing the poverty rates. “Minimum wage increases have thus far provided little more than symbolic support to the working poor.”

    Read More

  • Persuasive Essay: The Minimum Wage Struggle

    717 Words  | 3 Pages

    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.

    Read More

  • Essay On Federal Minimum Wage

    670 Words  | 3 Pages

    Should Federal Minimum Wage be $15 an hour? The Fair Labor Standards Act of 1938 states that workers will be given a livable wage. By definition, a living wage is the minimum income necessary for a worker to meet basic needs. In the words of congress, it is “the minimum standard of living necessary for health, efficiency, and general well-being.”

    Read More

  • The Consequences Of Raising Minimum Wage

    582 Words  | 3 Pages

    America today is faced with its fair share of problems. There are low employment rates, debt, and inflation everywhere, riddling the economy with issues. There is absolutely no reason that any American citizen should want to pile upon the problem. Yet, some believe that it could be done by raising the federal minimum wage to fifteen dollars an hour. Fortunately, history, economics, and common sense prove the minimum wage raise proposition wrong.

    Read More

  • Argumentative Essay: Raising The Minimum Wage

    689 Words  | 3 Pages

    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.

    Read More

  • Essay On Increase In Minimum Wage

    704 Words  | 3 Pages

    In the past three years, many politicians and labor unions have been pushing for an increase in minimum wage. Minimum wage is the lowest set wage by a law of a government body. An increase in minimum will benefit some people, and hurt others. An increase in minimum wage will cause benefit in the short run but will be very damaging to the economy in the long run. There should not be an increase in minimum wage because it is unhealthy to the economy in the long run and it will be the major cause of job loss, increase in inflation, competition, and the price level of goods and services.

    Read More

  • Minimum Wage Issue Essay

    400 Words  | 2 Pages

    Income plays a big role in creating a society that is capable of doing many great things. In the recent years political issues in the states about worker pay has increased tremendously. This national problem has been good for presidential candidates as they can use this to boost their popularity. Some states are already taking action, 13 states plus DC have already increased minimum wage.

    Read More

  • Argumentative Essay On Minimum Wage

    1586 Words  | 7 Pages

    1. Introduction In the modest term, a minimum wage is a lawfully authorized minor bound for wages, but the term “lawfully authorised” is unclear, leading too many different kinds of minimum wages institutions (Cunningham et al, 2007:19). It further states that in the most straight forward cases, such as Brazil and Bolivia, the federal government identifies a wage level and all employers in the country must pay at that level or above it (2007:19). Economist have tended to oppose minimum wage on the grounds that they reduce employment , hurting many of those they are supposed to help (the economist:24/11/2012).

    Read More

More about Minimum Wage Debate

Open Document