By the government raising minimum wage, this will force owners to compensate with their employees. This could result in letting employees go, giving employees very limited hours or cutting down the owners pay. Whichever way it goes, this is a downfall to the economy because people will end up losing their jobs, businesses will lose money which would decrease total profit and it could result in the closing of businesses and
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). 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).
Many of the minimum wage workers who had been functioning in poverty would still be functioning in poverty because the cost of living would be elevated too. In the past when the national minimum wage was raised there was virtually no effect to people living in poverty. Some people might say that the talk about higher minimum wage is sparking hope in the workers. If a worker has a chance to earn more wages then they will work better so that they do get that raise; however, more people will lose their jobs because not as many people will get to work if others are making higher wages. Those on the opposing side of this issue may say that there will be more buying and selling if the national minimum wage was raised to $15 an hour.
The author, Ehrenreich, wrote the novel, Nickel and Dimed, in order to expose the unfair community that is to work with a minimum wage job. By journaling during this experiment, the reader is able to get a one on one experience on what it is to work inside a variety of minimum wage paying jobs. Not only can a person be expected a lower pay but as well as maltreatment by the bosses as “What you don't necessarily realize when you start selling your time by the hour is that what you're really selling is your life.” (Ehrenreich 187). As discussed in the novel, people who have no choice to partake in these jobs are dragged along. Whether living as a single mother or someone without college degrees it is impossible earning as much as to pay the basic
They disagree with having difficulties with long hours and other conditions. They justify it by making the working conditions safer and they are working on the low pay still. The legislation that its support is retired and working people with unsafe working conditions, and it oppose most rich people that barely work long hours and still get richer. The purpose of this interest group is to help with work related things like working conditions and long hours and difficulties that they might have in the work place that they don't want or need in the workplace where they are working because they want it to be a safe place. They donated $19,028,544.
In conclusion, I found that those working a minimum wage job did not apply for the job because it was a desirable one, but because it gave them an opportunity to start small and work their way into a higher corporation. Although the stereotypes held about people working minimum wage jobs are bad, this study can show people that these workers are taking advantage of the opportunities available to them to
Throughout this country, there are people struggling to obtain basic needs for everyday life. Although many work forty hours a week, the current minimum wage is not set at a standard where one can live off. Things such as rent, utilities, and food have become impossible to obtain with the current minimum wage. The sacrifices, choices, and ways of life of those living on minimum wage must be altered and redefined to live in our post-industrial society. The minimum wage in the United States is set by the U. S. Labor law that employers must pay workers $7.25 per hours.
The second reason is because it is good for the economy. And last but not least, the third reason for raising the minimum wage is because it puts more money in the government for low income programs. The raising of the minimum wage helps poor families in different ways. First, it raises their standard of living. Low income families can afford to rent a better place like a nice apartment.
The current welfare system punishes you for working. If you take a job and increase your income, you lose your benefits. Taking income from people with higher incomes and providing income to those with lower incomes is called redistribution. I would help pay for poor children 's healthcare or school textbooks, because my money is going to a worthy cause. But, I would not support income redistribution because some people take advantage of the income redistribution even though they are capable of working.
As we know, the minimum wage is the lowest remuneration that employers legally pay to laborers, and the primary purpose is to ensure workers’ profits, and restrain the behavior of firms to some extent. There are following reasons why minimum wage law is a good idea that government established. As law is First of all, it preserve workers’ legal rights of obtaining labour reward to sustain the worker’s or workers’ families’ basic living standard for enjoying the minimum value of the economic well-being so that workers can fulfill social obligations instead of making the violence. In addition, the minimum wage has an employment incentive as a person who has no job has to rely on social assistance. However, the social assistance is less than minimum
Minimum wage increases have lead people to poverty, having a negative impact on society; therefore minimum wages should not be increased. Ronda Mattila stated that the minimum wage increases have a positive impact on society. She believes that the minimum wage is not at a living
What are the real numbers regarding households in poverty in the United States and what is the best way to help those people and families out of poverty so they can stay out? Should creating good paying job while upgrading our infrastructure be part of the plan to reduce poverty? 7. After I have wrestled with the ideas in these two texts, what are my current views on this issue. It seems that Surowiecki is writing more about minimum wage and laying blame for the situation as it is now.
It seems to me that most LAMC students support the minimum wage being raised. However, they are aware of the many downsides that come along with the increase. This leads me to believe that they want minimum wage workers to get better pay, their only hesitation is whether or not it would actually reduce employment or cause job loss. My conclusion is that the economy is not financially stable enough to increase the amount of every worker that gets paid minimum
If a company pays workers more than what they are valued for, the firm will not stand a chance of survival against its competitors. If there is a gain for the worker, it is also followed by a loss. So if the employees have a gain of the rise of the minimum wage, the company suffers on providing the superior insurances, proper training, equipment, or environment. You will have a gain from a raise of the minimum wage. Sure, that is if you manage to keep your job.
The raising of minimum wage only benefits workers earning the higher wage. Raising minimum wage also reduces the lower wage worker’s hours (Sherk 2). Sherk says, “The majority of poor Americans do no work at all for any wage, so raising the minimum wage does not help them” (Sherk 2). In all reality the statement that “raising minimum wage will help the poor” is extraneous. Even if you were to get payed a higher minimum wage, raising the wage will also raise other expenses in America.