If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness. A person working full time at the federal minimum wage of $7.25 per hour earns $15,080 in a year, which is 20% higher than the 2015 federal poverty level of $12,331 for a one-person household under 65 years of age, but 8% below the 2015 federal poverty level of $16,337 for a single-parent family with a child under 18 years of age (procon.org pro#2). If you put the minimum wage at $9.00, people will be able to live comfortably without unemployment rates going up. However, raising the minimum wage
In order to make a profit off of a product a company must make more than they are spending. So when it comes to spending on wages companies cannot be paying them more than their income. If companies were forced to raise the minimum wage many of them would find themselves laying off workers, especially those of the lower skilled employees. As much as a 3% reduction of low skilled workers can be projected with an increase of 10% in the minimum wage (Negative Effects). An American Apparel store in Los Angeles had to lay off 500 workers because of the recent city increase to $15 an hour (Sherk).
Explain to a labour unionist why imposing a minimum living wage may actually harm workers. The national minimum living wage is a wage legally set by government that all UK workers who are above 25 should be paying high enough to have a normal standard of living. This ensure all workers are able to afford their day to day life’s routine, such as food, shelter, transport and etc. According to the government policy paper, they announced that the minimum wage would rise from £6.70 to £7.20 in April 2016 and £9 by 2020 (GOV, 2015). This expected to benefit 6 million people in the UK, as well as economy wealth.
The American has average income spend less than $8 per person per day for their meals and beverages. Meanwhile, poor people just spend only $25 per person per week. This is a big gap in their cost of meal. The main cause is healthful diets cost more than unhealthful diets (Drewnowski & Darmon, 2005). Besides, America is the unhealthiest countries in the world.
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. As the workers earn more money, the product they provide increases in worth.
In regards of employment, I believe that LeAlan might assume the responsibility of a worker to help his mother and his grandparents. Steinberg (2016) states that emerging adulthood takes place between the ages of 18 to 25, during this time individuals tend to take some responsibilities. Some of those responsibilities are finding stable jobs and finding living arrangements. These findings make sense in LeAlan situation because by the time he is 19 years old, he will be done with high school and he would have the opportunity to work so he could find a better place for his family. Jones et al., (1997) state that LeAlan is a hard worker even at the age of 15.
According to MIT’s living wage calculator, Hall county’s living wage is roughly $11 an hour for the average adult (Glasmeier). Living wage is the lowest amount of money an adult can make per hour, to still maintain a normal standard of living. The federal minimum wage of $7.25 is nowhere near the $11 dollars needed, much less Georgia 's minimum wage of $5.15 an hour. This is why raising the wage could help more people live to a normal standard of living. Many people against raising the minimum wage argue it would raise the unemployment rate.
After 15 years male lawyers earned 55% more than female lawyers. That 's outrageous the gender pay gap has to stop; women work the same hours and are paid less than men? Women work hard just as men to earn that money so why not give it to them. Women are less likely to negotiate their first job offer than men. Even when women do negotiate they are likely to receive less than men.
Additionally, in Document O, Andrew Carnegie reduces the worker's pay wage by 20% in order to donate more money for his own selfish needs. With workers already receiving low wages per day, Carnegie decides to decrease the wage even more to between $1.12 and $1.80 per day and rarely $4/$8 per day. Finally, Andrew Carnegie was selfish. In Document I, it shows that while iron & steel workers work longer than machine shop workers, machine shop workers received more than iron & steel workers. Andrew Carnegie’s daily wage was about $92,000, meaning he could’ve paid his workers more but refuse to.
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
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. In 2013 one million single mothers with children under 18 would have benefited from a minimum wage increase to $10.15. Single mothers are 10% of workers affected by an incrementation but they make up only 5.7 of the overall work force. More than two million espoused men and women with children under age 18 would additionally benefit from an
The highest-paid carpenters can make approximately $75,000, while the lowest paid make around $25,000. salary lower than some construction jobs but higher than others. Plumbers and electricians make about $53,000 a year, much more than carpenters. However, on average painters and general construction workers make significantly less than what most carpenters earn. The alternative is becoming a union carpenter where in 2013 average annual salary for a union carpenter was $76,000, or approximately $36.53 per hour.
The Congressional Budget Office estimates that raising the minimum wage to $10.10 would boost earnings for around 16.5 million workers, while causing up to 1 million jobs to be eliminated. To me that’s not a great trade-off: according to CBO, the typical family living below the poverty line would see its annual income rise by only around $300, or about 2.8%. But for up to 1 million workers, their salaries would go to zero. Since most minimum wage workers receive a raise within one year anyway, eliminating jobs and cutting off from the first run on the ladder of job promotion seems too high a price to pay.
Some people work ten and twelve hours a day making $7.25 just to support a family of 3, that is just for single parents. There is no telling how many hours a man who supports his family works. If jobs paid livable wages instead of minimum wages, middle class citizens would not have to work themselves to death. With more available jobs, it will be guaranteed that the unemployment rate would drop once
If minimum wage is increased the more money the typical american will have on spending money and they will have more money to put into businesses across the country. In a study performed in 2011 by Chicago Federal Reserve Bank it showed that every dollar added to a person 's minimum wage they spent $2800 more in additional consumer spending. Workers who earn more than minimum wage will also see increases in their salaries. This is because minimum wage is seen as the base number from which their wages are calculated so if the base number is raised their salaries will be arranged. The opposing arguments about raising minimum wage is the increase will force a strain on companies and force them to slash jobs.