There has always been a saying” The rich get richer, and the poor get poorer”, I almost feel like that couldn’t be true. Now when it comes to living in NY I don’t understand how the government can think making minimum wage of $7.25 an hour is enough to survive in this world. I believe that minimum wage should be $15 a hour, I see that because lets face it we all have a family, or children, how are we expected to raise a family in a decent neighborhood, put food on the table, pay rent, food bills, phone bills, and etc. I do believe from personal experience that if I made more money than I could definitely be able to save money. I grew up in a rough neighborhood, and grew up poor to middle class if you can call it that, because to be honest, middle class and poor are closer then you think. Before I had my daughter I was taking care of my self, and once my daughter came along, I worked triple harder to get my daughter out of the ghetto. Now trying to survive on my pay in Long Island is almost impossible. …show more content…
“A report released on Wednesday by the Pew Research Center found that the wealth gap between the country’s top 20 percent of earners and the rest of America had stretched to its widest point in at least three decades (Patricia Cohen, wrote this article in the NY Times)”. “The wealth gap zeros in on a different aspect of financial well-being: how much money and other assets you have accumulated over time, including the value of your home and car plus any investments in stocks, bonds and the like” (Patricia
In todays society minimum wgae is a hot topic that it heavily debated. The minimum wage is the lowest sum of money that companies must by law pay their employees for work-related services. Depending on the state or country you are in, the minimum wage is different, and it typically changes over time. Background
Bernie Sanders wants to raise minimum wage to fifteen dollars an hour and minimize the requirement for welfare. He wants healthcare and education to be free. He is also for the legalization of marijuana. Sanders has a strong bottom line that mainly consist of passing the “popular” laws. Bernie Sanders has a “paper theory.”
Just imagine ... someone who has been proficient in the field of computer science since his childhood, but couldn’t afford to go to college. Just imagine if, since he couldn’t afford college, he couldn’t get a good paying job and is now succumbed to the struggles of surviving on minimum wage. Just imagine the grief you would have felt in this situation, knowing that you’ve let down not only your family but also yourself. Now, while this problem, of minimum wage, may not be applicable to many of you, it is a common issue for many Americans today and is just one of the many issues, such as gay marriage, abortion, and national security, that the Republican party is fighting to solve.
The Youtube video titled “Wealth inequality in America” that was shown in class provided a visual description of what our wealth gap looks like. I was absolutely appalled when the narrator stated that the the top 1% of wealth holds 40% of all wealth the bottom 40% only holds 7% of all wealth! He states, “Do you really think that a CEO is working 380 times harder than his average worker’s pay? Not his lowest paid employee, but the average earner in his company.” I found these statistics to be profound and it gives me an insight on how making it in this country is a little harder than
The bottom 40% of Americans barely have any of America's wealth and the top 1% has more of America’s wealth than we believe the whole top 20% should have. (Politizane, 2012) “Wealth is distributed in a highly unequal fashion, with the wealthiest 1 percent of families in the United States holding about 40 percent of all wealth and the bottom 90 percent of families holding less than one-quarter of all wealth.” (Greg Leiserson,Will McGrew,Raksha Kopparam,
Should the Federal Minimum Wage be Increased? Have you ever thought that you wanted a raise at work but did not have reasons? In this essay you can give your boss these reasons and get more money. The minimum wage in 2012 was $7.25. The minimum wage is a large-scale reason of poverty.
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
Minimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.
The Minimum Wage Struggle Money is an essential object to acquire in the society we live in. Various places demand a high monthly rate in order to occupy a premise, along with the stress of utility bills that may not be included. Aside from living costs there are many other factors which must be calculated when budgeting on a day to day basis. Overall, the survival rate tends to increase due to so many responsibilities that need to be upheld, as well as costs being raised. This rise in both the cost of living as well as the need for higher wages proves that the standard of minimum wage needs a major increase.
Should Federal Minimum Wage be $15 an hour? The Fair Labor Standards Act of 1938 states that workers will be given a livable wage. By definition, a living wage is the minimum income necessary for a worker to meet basic needs. In the words of congress, it is “the minimum standard of living necessary for health, efficiency, and general well-being.”
Suppose you are asked to a favor for someone you know, and in return you would be fairly compensated. This favor includes the delivery of a heavy luggage bag to a location where someone will take it from you. Pretty easy favor to get paid for, right? Well this favor could have you facing a mandatory minimum sentence of 20 years in the federal prison system. Contained in the bag was 10 kilos of powdered cocaine.
In the past three years, many politicians and labor unions have been pushing for an increase in minimum wage. Minimum wage is the lowest set wage by a law of a government body. An increase in minimum will benefit some people, and hurt others. An increase in minimum wage will cause benefit in the short run but will be very damaging to the economy in the long run. There should not be an increase in minimum wage because it is unhealthy to the economy in the long run and it will be the major cause of job loss, increase in inflation, competition, and the price level of goods and services.
We focus on how people are doing financially based on their income, wages and average salary. What we really need to focus on is wealth inequality. According to the study, “wealth refers to the value of your assets, such as money held in checking or savings accounts….minus the value of your liabilities or debts” (Study, Democracy Now!). Wealth is very important, and with financial hardships in the United States it is even more important for people to have wealth.
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).
Minimum wage was first established in 1938 by Franklin Delano Roosevelt, in an attempt to stimulate economic growth and create a better standard of living for the lower class. This attempt was fairly successful, but also has many consequences. You may be asking yourself, “how on Earth could setting a limit on how little you can pay someone be bad?” On the surface this statement seems logical, but if we delve deeper we begin to see many negative effects on the implementation of minimum wage. In our nation the minimum wage law almost seems out of place, like it doesn’t quite fit in.