ipl-logo

Minimum Wage Debate Essay

1109 Words5 Pages

Minimum Wage debate

Around 13 percent of people are below the national poverty line which is over 40 million people so why is the minimum wage still far below $15 an hour? The main worries that people have about raising the minimum wage are inflation and more competitive job markets. While many companies already pay their employees $15 an hour, companies that don’t currently follow this will need to increase their prices or cut employees to make up for increased pay. On the other hand, increased pay would also help families below the poverty line and it also would help the economy by giving underpaid workers more money. With the extra money, it’ll allow underpaid workers to purchase things other than necessities. Furthermore, it will support …show more content…

If companies raised their wages they would see some form of an increase in productivity. When pay was increased for a study that researched how pay affected work efforts it was found that with a higher wage “Employees work harder per hour,” (Nicol Persico). A higher minimum wage could also motivate unemployed people to work harder at getting a job. There are many people in the U.S. who don’t believes it is worth it to get a job and would rather try to live off of unemployment or other government support. Higher pay would make it more incentivizing to get a job which could help boost the economy. According to the congressional budget office, “Changes in employment would be seen in the number of jobless workers… those who have dropped out of the labor force (for example, because they believe no jobs are available for …show more content…

J.B Maverick states that “for some unfortunate people it can also cause Job loss and a more competitive job market”. Companies are always looking for ways to save money, and if they are forced to give employees raises it will cause companies to fire employees that aren’t deemed necessary enough for the pay they would be getting. According to the congressional budget office, Some people could be heavily affected by the wage increase and stay unemployed permanently while others might come and go making a higher wage than they use to while they work. Raising the minimum wage will also cause a more competitive job market as people will be trying to get new jobs or are reinspired to get jobs after leaving the

Show More
Related

  • The Pros And Cons Of Raising Minimum Wage

    567 Words  | 3 Pages

    A recent study involving three hundred fifty thousand small businesses and the IRS proved that by raising the minimum wage, proved that by raising the minimum wage in cities, actually created jobs (Meyerson A.19). The survey showed that the cities with a higher minimum wage had more jobs come to the area, aiding in job growth (Meyerson A.19). Another argument that leans toward the raising of the minimum wage involves people in poverty. Studies have shown that by raising the minimum wage, more people can live above the poverty line (Meyerson A.19). By raising the minimum over nine hundred thousand people would be

    Read More

  • Should The Minimum Wage Be Increased?

    601 Words  | 3 Pages

    According to William Dunkelberg, a writer for Forbes magazine, by raising minimum wage there could become less jobs than before. Though the people who have jobs would be making more money, smaller companies wouldn’t be able to pay for their employee’s, and would have to let people go. “Small businesses stay in business

    Read More

  • Why The Minimum Wage Should Be Raised

    1900 Words  | 8 Pages

    It would make the united states a better place it would reduce crime and poverty the lives of many would change children would have a chance at education and wouldn’t be put at risk of doing bad things cause their parents don’t have enough money to put them through school and things like employees not always wanting to look for a better job would be eliminated the whole idea of America becoming a better place would become achieved. It all just starts with the raising of minimum wage and its just a domino effect once the parents have enough money to pay the bill and put some aside the kids live happy and once the kids are happy the employee/ the parent is happy and once that happens the employee become more productive and when the employees are more productive the business becomes more successful and when the business becomes more successful and expands they are going to need more employees and when they need more employees there are more jobs so in the end raising the minimum wage would make the United states a better place better as a

    Read More

  • How To Raise Minimum Wage In The United States

    579 Words  | 3 Pages

    The increase of minimum wage would benefit more than just workers it would have a positive impact on women and their families. This would benefit women because in the United States women tend to earn less than men. In 2015 full-time female workers made seventy nine cents for every dollar earned by men. Raising minimum wage would also help provide for their children.

    Read More

  • Minimum Wage In Texas

    1993 Words  | 8 Pages

    In fact, 18% of the benefits would go to households with an annual income less than $20,000. Benefits of an incrementation disproportionately avail those working households at the bottom of the scale. Albeit households in the bottom 20% receive only 5% of national income. Benefits of the antecedent minimum wage increase peregrinated to these workers. A majority

    Read More

  • Minimum Wage Good Enough

    598 Words  | 3 Pages

    Another plus for raising minimum wage is that people who don't have that much money that have families and can only get a job that makes them minimum helps them pay more pills and put food on the table. It would help many people out if we at least raised it by a dollar. That doesn't seem like much but after a while an extra dollar adds up

    Read More

  • Minimum Wage Benefits

    1315 Words  | 6 Pages

    A higher minimum wages will help, but do certain jobs deserve to have the higher wage compared to other certain jobs. A cross the nation standard minimum wage is another issue There should be a a two tier higher minimum wage depending on the jo you are preforming. A higher minimum wage we should have people should not have to struggle but who fault is that the person or the

    Read More

  • Raising Minimum Wage In America

    566 Words  | 3 Pages

    Americans below the poverty line are demanding for increased pay in their minimum wage jobs. Although with the increase to fifteen dollars an hour, many Americans would be left jobless pushing them farther under the poverty line increasing the wage by over half would harm the country’s economy more than improve it. Minimum wage workers want higher wages for the work they provide, but inflation, unemployment, and businesses closing will only cause more issues for Americans. The disadvantage to raising the pay for minimum wage workers is inflation.

    Read More

  • Benefits Of Raising Minimum Wage

    1637 Words  | 7 Pages

    But yeah it is nice to have extra money by raising minimum wage but it is going to be the same thing overall, if not worse the bills are going to go up with it. Raising minimum wage could reduce the benefits you get such as insurance, vacation, and your future. Raising it as well means what about all the people that already have their worked their way to what the minimum wage wants to be set at. Do they expect them to stay at that same wage or go up as much as minimum wage raised. It is hard to raise the minimum wage

    Read More

  • Essay On Raising The Federal Minimum Wage

    733 Words  | 3 Pages

    Increasing the minimum wage only does positive growth because “...authors found little or no evidence of a negative association between minimum wages or employment”. ("How Does a Federal minimum Wage Hike Affect Aggregate Household Spending?”) Increasing the minimum wage will only cause positive growth in a topic of employment. Raising the

    Read More

  • Persuasive Essay On Minimum Wage

    711 Words  | 3 Pages

    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.

    Read More

  • Essay On Federal Minimum Wage

    670 Words  | 3 Pages

    In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.

    Read More

  • Increase Minimum Wage Essay

    607 Words  | 3 Pages

    There are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.

    Read More

  • Essay On Pros And Cons Of Raising Minimum Wage

    1506 Words  | 7 Pages

    Many families have to have strict budgets due to only making minimum wage. The minimum wage is not enough money for most people, in fact, most of the people that make minimum wage, work multiple jobs, leading them to overwork themselves constantly. Increasing the minimum wage has been a major argument for quite some time. Some people argue that the minimum wage should be raised to help benefit workers and reduce poverty. They also believe that raising the minimum wage would input more money into the economy, allowing it to strive.

    Read More

  • Essay On Increase In Minimum Wage

    704 Words  | 3 Pages

    Many argue that an increase in minimum wage will help guide low skilled workers out of poverty and assist them into having a better career. That is not necessarily true, Many economists can agree that minimum wage jobs such as cashiers, host or a hostess are not jobs that meant to support a family. If anything by raising the minimum wage, it will put more people in poverty than guide them out of poverty. A raise in minimum wage will cause loss of jobs, an increase in the inflation rate, increase in

    Read More

More about Minimum Wage Debate Essay

Open Document