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.
The model is supposed to bring renewed prosperity to the United States but it brought more inequality and stripped safety net programs that actually helped most Americans. This lack of assistance means that struggling people are struggling even more and they have less money to spend and to put back into the economy. Since the creation of the Better Business Climate model, government spending on food stamps, unemployment insurance, and other social programs has been cut as
Dunkelberg states that raising the minimum wage could possibly destroy small businesses. If small businesses were to raise their minimum wage above ten dollars they will either have to fire some employees to make up the difference of the raise or they will have to raise the price of the product they are trying to sell. Just because the government were to increase the minimum wage does not mean you will get more work or better work out of the that individual so that business may need all of their employees. Because maybe they cannot afford to lose one so in return they would have to raise their prices, but the issue with that is maybe raising the price higher might just be enough to chase away customers to chain stores such as: Target, Walmart, or Kohl 's. That may mean their small business might close, just because they cannot financially support raising the minimum wage.
But some people believe that the minimum wage is fine. Obviously these people have probably never relied on $7.25.It is extremely important to raise minimum wage soon one reason is because while it might take out of the economy for awhile it will also get back in two it will raise people out poverty three $7.25 is no where near a living wage. The first reason we need to raise the minimum wage is because a lot of people will benefit from it. Most people say that raising the minimum wage will just come back to bite us. But if we have enough places do it we will balance the economy out Another
Without the crutch of illegal immigrants holding us back, our U.S. economy can prosper more than ever. Due to the current economic slowdown, labor demands had been reduced and has forced many out of work. Due to the large income of unskilled workers has allowed employers to give out low wages and actually allow there to be horrible working conditions. There seems to be a solution to this. By reducing low-skill immigration, we can strengthen the labor market and as well as increase wages along with them for the American people.
Not only is the government losing money from the missing two-thirds, but it is also wasting money on workers. These workers would be more usefully employed tracking counterfeiters, instead of making 10 million pennies a day (Source C). There are areas in our government that could use more funding. If the penny goes, we will have extra money to keep our government up and
Some may argue that the New Deal was not a success because it failed to put a complete end to the great depression. However, because of the effort made to give millions of people jobs and boosting the country 's economy, the New Deal made the Great Depression more bearable and maybe drew the end
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
There has been quite a heated debate the last couple of years about the effects of increasing the minimum wage in both Canada and the USA, the question still remains “Is it better to pay above-average hourly wage?”. Despite the possibility of negative effects from a higher than average hourly wages, the positives results of such practices outweigh said negatives. Most businesses believe the conventional wisdom that a high hourly wage can run the risk of driving up production costs and decrease revenue from potential sales. In reality increasing wages and paying new employees above minimum wage can create more positive solutions for a company instead of problems.
Minimum Wage Low-skilled workers are steadily pressing to raise the minimum wage, but this would be a disastrous idea. There are many people giving input on why the pay should be raised and saying they cannot live on such a low wage, but the minimum wage is not for someone 's career, it is for people with low skills to get eased into the workforce like teenagers. They do not realize how detrimental a hike in the minimum wage would be on them in the long haul. The people need to be informed on what they are asking for before they get an even worse outcome than before. 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.