With the increase in living costs, people are demanding that they receive a higher minimum pay to cover these expenses. In his article “Millennial Thoughts: Minimum wage and my take,” Will Perkins offers his opinion on minimum wage. There are many sides to the debate of whether to increase or not to increase minimum wage. Perkins, in his article “Millennial Thoughts: Minimum wage and my take,” discusses the controversial issue of raising minimum wage. He emphasizes that people who work full-time should “earn a livable wage.” In addition, he feels that it should not matter where you work, as long as you are providing people with a productive service, your hourly pay should be increased to where you can live reasonably.
(pewresearch) In conclusion, I do think we need a national minimum wage increase. The number of $15 an hour may be a little higher than needed. However, given how long it takes minimum wage increases to get passed by Congress, $15 an hour should be enough to keep up with future inflation, for a few years. Sure, some fast food prices and other products may rise in price, and some people might lose jobs but, at these wages those aren’t jobs worth having
Since the Great Depression, there has been a minimum wage in America, but this minimum wage has changed 22 times since the Great Deprnbession. Many people say minimum wage should stay at $7.25 like it has been since 2009. Meanwhile, other people believe that minimum wage should be $15.00 so they can have more money to live comfortably. People think that a higher minimum wage will help, but it will hurt more people than it will help. If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out.
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."
In William Warren’s political cartoon, “Minimum Wage Spike,” published in 2014 by Net Right Daily, powerfully depicts Warren’s viewpoint of President Obama’s attempts to raise minimum wage from the average eight dollars to a higher ten to fifteen dollars per hour. Although the cartoon is two years old, the context of this cartoon is still debated and relevant because it demonstrates the effects of raising minimum wage and the effects it will have on employees. The cartoon contains an arrow that represents the hike in minimum wage, or as Warren refers to it as a “spike,” that is impaling through a man with a label that reads “500k Jobs.” William Warren effectively discredits Obama’s proposal through the use of symbolism and analogy that attempts
We think the most effective way to deal with Income Inequality is to increase tax on the wealthy while lowering tax on those living in poverty. In the past in Chile, the tax rate on the highest income earners has been much, much higher; as the tax rate on the highest income earners has decreased, Income Inequality has increased. We could also start enforcing policy to decrease unemployment levels, but this would not be sure to work unless a very substantial percentage of the unemployed people in the country were given a job. Education is another possible way out. If more people have the skills needed to get into higher income, highly qualified jobs, then more of those jobs will likely be created.
In the story “The Upside of Income Inequality”, Gary S. Becker and Kevin M. Murphy effectively express’s the importance and need for income inequality in our society. Furthermore, Holly Ellyatt’s newspaper article Income Inequality: Is It Good For Everyone? serves to also point out that economic success and greater productivity is linked to “income inequality”. Although it may seem extremely unfair for someone to make up to two hundred and fifty times as much money as someone else, this notion of “income inequality” actually benefits the society as a whole by encouraging others to work much harder in life and better themselves and their education. For example, the increase of income inequality in the 1980’s greatly increased the education for both women and men and other races such as African Americans.
Strangely, despite the fact that wages were rising and child labour compel participation rates falling in the second 50% of the nineteenth century, one can 't put forth the defense for causality. The issue is that child labour constrains interest rates ascended in those families that likewise were encountering an ascent in the father 's wage. The wage increment for grown-up guys was most professed in industrial families amid the center of the century. In any case, notwithstanding their rising wages, these fathers were progressively sending their children to work. This bit of confirmation firmly bolsters the dispute that youngsters worked when openings existed, however that families were frequently obliged to supply less child labour than they considered
The main “common sense” argument is that by imposing minimum wages, one artificially raises the price of labour way from its “market-clearing” level and higher unemployment results-and the first to lose their jobs will be the least-skilled workers (city press;2014/11/25). The national minimum wage is a step towards an alternative growth path, in other words wages must be set to target productivity and efficiency. But it must be accompanied by other alternatives; such as industrial policy that sees that South Africa create jobs in sectors that can sustain moderately higher wages, and grow sectors that can benefit from, and contribute to, increased domestic demand (city press;2014/11/25). However national minimum wages promote equality, combat poverty and support economic development e.g. in Brazil during Lula’s tenure as president, the statutory minimum wage rose
The people who make minimum wage very clearly express their theory that higher pay will benefit them and show many valid points on why it should be increased. Minimum wage workers work hard and "[s]ince the 1970s, productivity has risen dramatically...[y]et middle- and low-wage workers ' incomes have barely changed" (Dorn). These circumstances make it hard for low wage workers to stay above the poverty line when the average low wage worker makes only $15,000 annually (Dorn). Before inflation, the minimum wage was surprisingly much higher, "in 1968, the minimum wage was close to $10 per hour in today 's dollars" (Dorn). This provided workers a lot more money to live on, while todays workers are forced to rely on things like "food stamps or the Earned Income Tax Credit" (Dorn).
I seek to show the value of a significant minimum wage increase and the effects it will have, not only on fast food worker’s lives, but the good it could have on the US economy. Although there are those out there that would argue that the minimum wage increase would cause more damage to our economy; I believe
The argument of raising minimum wages have been really popular recently. In the article, the author talks about all the benefits of raising the minimum wage and what states have followed the bandwagon in doing so. The overall dilemma regarding the raise of minimum wage limits is whether raising the minimum wage really going to help the economy or is it just going to cause problems for the middle and upper class? The law of economics will introduce inflation into the raise and the economy will end up in the same position as before. For example, the standard of living on the west coast and the east coast is different because of different wage levels.
And while this may have been the norm in 1959, in 2015 it takes two paychecks to even come close to this idea. Source E states that “the American dream costs approximately $130,000 annually.” The American dream will not only take over two paychecks but also the entirety of your human spirit and the well- being of the household. Once you sell your soul to gain material items, the dream has already zoomed by you and on to the next bigger and better good. This constant feeling of inadequacy talked about in source F fuels a drive to be the best among all and prompts Americans to dust off the boxes of love and integrity just in time for their next garage sale of used and unneeded items to make room for the latest and greatest car that you have to have. Martin Luther King gave his ‘I have a dream’ speech in 1963, a time when the American dream was being equal with fellow American, now that dream has twisted into one of greed and self-indulgence.
Out of the 4 issues, I chose the issue about minimum wages. I believe that Liberal Party 's right. This party said that they want and plan to increase the minimum wage to $15. I agree that the minimum hourly wage should be raised. This is because there are lots of citizens that have families or financial problems and sometimes the money is not enough to support a family.
I like how you used minimum wage as one of the tensions between economics and ethics. This is a popular topic in the news now and seems to come up every couple of years. There are many pros of raising the minimum wage such as higher worker morale, improved living standards and increase consumer spending. At the same time there are disadvantages as companies could raise their prices, jobs could be cut, and reduce desire for career advancement. If I own a coffee shop and increase the wages of all employees to $15 an hour, but have to layoff 3 employees in the process am I doing an ethical or unethical thing?