Well I see where you’re coming from but, maybe the pay in their country isn’t as well as it is in ours. It’s expensive to raise a family low pay is even harder. They shouldn’t be making fifty dollars a hour, but $7.50 is a little low to raise a family on. Somebody has to pay the bills, buy groceries, pay for gas, buy clothes, and all the countless other expenses that a family requires. When they get into the United States and get a job, they work harder, they will work overtime for more hours of work and more pay on their paycheck.
Common knowledge here, but during the great depression it was Theodore Roosevelt who brought America out of the great depression. He as president and his chamber of people created plenty of jobs to fuel the economy again. Therefore, government should be able to step in and stop inflation on food and oil, because if they don’t than businesses will take advantage of the people. Since businesses know that people will have to buy food and oil as a necessity to live and survive on, people will have to buy it at any cost. This means more profit for businesses because the rise on food and oil means more money in their wallet but less money in consumers’ wallets, “Similarly, when homeowners benefit from inflation because the price of their homes rises, while renters suffer because they are paying higher rent” (ch.8 p. 15).
Economic research points to the conclusion that a higher minimum wage does not cause greater unemployment, boosts productivity, and addresses the growing problem of rising income inequality. The minimum wage debate currently underway tends to narrowly focus on those workers making exactly the minimum wage. This approach misses a large number
Some of the sacrifices are spending less with family and kids, lack of sleep, and other day-to-day lifestyles that people use to enjoy. What cause these sacrifices are that they have to get two jobs. But we need to help people that are working at jobs that pay minimum wage because if we can raise the minimum wage, there will be a lot of benefits. Those benefits are lifting people out of poverty, raise job growth and can reduce income, and reduce
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.
Those affected by low minimum wage laws are not only limited to low income or middle class workers but taxpayers also. If a low income worker needs government aid that has to be paid for by taxpayers. Increasing the minimum wage comes with many benefits to workers and the government such as more income means more money individuals will be able to spend and families that rely on government aid because of low wages will ideally no longer need them because of higher payment they will receive. Many democrats and supporters have pushed to raise the federal minimum wage to better reflect the current cost of living, while other states have already taken initiative and increased their own minimum wage laws. The increase of the federal minimum wage is difficult to execute because of the republican political party, they argue that increasing the minimum wage will cause job loss, a rise in prices, and less hours an employee can work.
First, any serious strategy to facilitate the economic growth of the US is obligated to include finding means to increase better paying jobs to aid both people without jobs and those working in low wage positions considered working poor. For example the Economic Policy Institute estimates that half of the jobs pay less than $34,000 a year. Hence it is not very hard to visualize families trying
If the minimum wage were to increase, consumers could see a rise in prices in their products. A majority of minimum wage workers are in a high competitive market, where the companies make smaller profit. In order for companies to
Saltsman goes on to say that those who actually live in poverty need to find a job to help their situation before Congress touch the minimum wage. Raising the minimum wage will only increase the prices of everyday goods, especially since big corporations, such as McDonald’s, want to keep their profit margins large. On the other hand, Surowiecki explains that higher minimum wage remains only half of the problem; he suggests that Congress must expand earned-income tax credit and strengthen child and health care systems. In contrast, Saltsman refutes this statement when mentioning that unskilled workers will lose their jobs if the minimum wage is raised because their job will go to higher educated
The American Dream is a dream of land and life that is far better and richer for all people based on challenges they face and duties they accomplish. Mainly people thought that the dream was of motor cars and high wages, but clearly its a dream where both men and women can attain to their fullest potential of which they are innately capable of. It 's possible that families who are struggling can change for the better or for the worse to neither or encourage or discourage a better life for their children. If finance is a hefty issue, it 's still never too late to adjust your living where your family can be wealthy in health and living instead of money itsself.
Most of those serviced by the government are minimum wage employees who do not make enough to support their families with the current amount. Raising minimum wage means some of these people would be able to better support themselves without leaning as heavily on social programs and this would ultimately mean lower taxes or a reallocation of those funds to support other
The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.
The rich are able to run an economy on their own, as they do not need a government to support them or hold their hand like the poor do. This leaves the lower class almost lost in a society as rich are able to succeed in life, as the poor struggle to find a job to bring home food. Krugman also states that rich are more likely to go to college and graduate, compared to the poor. This prompts the middle class to buy a house in a good school district, even if it is out of their price range. At the time, Krugman says that health care and repealing the Bush tax cuts would allow the United States to, “use the revenue to pay for more benefits that help lower-and middle-income families.”
Right now the quality of living in America isn 't necessarily high. Increasing minimum wage could mean better living conditions for people. If people have more access to disposable money then they can make the area around them more appealing some people might be able to do things for their kids that they couldn’t do
For many Americans, the minimum wage is not a living wage, and yet they are expected to live on it. When minimum wage was first introduced, it was a living wage. As time has gone on, inflation has caused prices to raise and yet minimum wage hasn’t gone up. People in the past could work blue-collar jobs and pay their way through college and buy a house right after they graduate. This assignment was to budget for a family that is living on minimum wage and it was challenging.