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.
The Fight on Minimum Wage Minimum wage. The lowest amount of money regulated by the government in which businesses must pay their employees. Minimum wage is slowly on the rise, with dramatic proposals in the last few months. However the raise in minimum wage could cause great harm to the United States economy. The minimum wage should not be raised because it would increase the price for the consumer, it could harm the small businesses of America, and it could cause millions of minimum wage workers to be laid off.
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. But those statements are false because if the national minimum wage is increased at all then the cost of living will also be elevated so people functioning in poverty will still be in poverty and nothing will change except more people falling into poverty. The only people that raising the national minimum wage will benefit would be the teenagers who are just working to earn pocket
Specifically, raising the minimum wage 10 percent (say from $7.25 to near $8) would reduce the number of people living in poverty 2.4 percent." Evidence of Problem Existence: Most of us can't get by on minimum wage pay and leaves people struggling at home. Chris Isidore stated on a article listed on CNN that "About 20% of American adults who have jobs are earning only $10.65 an hour or less, according to Osterman's analysis. Even at 40 hours a week, that amounts to less than $22,314, the poverty level for a family of
The minimum wage should be raised because the economy is healthy, some employers are already raising it for their workers, and many families cannot live on minimum wage. The minimum wage needs to be raised and now would be the best time to do it, due to the economy being healthy. But as some congress view it, the main concern is not on the raising of minimum wage, it is on health care and tax reforms. As of now three out of four Americans agree with raising the minimum wage. Statistics show the United States economy is expected to incline steadily over the next few years.
If minimum wage is raised, poverty levels would majorly decrease in the United States. Not only will lower-class be positively affected by this change, but middle-class will gain advantages from this too, as well as some disadvantages. Not only will this help people already working minimum wage jobs, but it will fill up jobs that do not have enough people in it, like jobs that no one would do for $7.25, but would do for $15, such as an Animal Slaughterer, or a Sewer Pipe
In previous years the United States have gone through some rough economic times. During the 1930’s the Great Depression occurred and the Great Recession occurred in 2007 and has helped shape the US into a better economy so that it does not happen again. Both events had some similarities and differences to why they occurred and how they affected the people at that When the economy falls during a recession this causes many things to happen in the as an effect. Unemployment rates rose increasingly. During the Great Depression the unemployment rates were at 25%, which is extremely high for that time, and the rates for the Great Recession was 9% which is comparable to then because there are more people in the world than there was at the time of the Great Depression.
Not to long after, “FDR created the first large-scale national welfare system in response to the Great Depression (1929–39), when the percentage of the labor force that was unemployed reached as high as 25 percent” (“Welfare Policy”). Poor people apply to welfare programs, which aid them if they do not have a job or enough income to support their families which reduces poverty, homelessness, unemployment, and hunger. “Yet, welfare programs have caused laziness among people because there is still a generous government safety net in place for the unemployed, including federal programs that extend jobless benefits for up to 99 weeks. And now, there is growing anecdotal evidence that people who might be able to get jobs are choosing to live on the dole rather than work” (Newman). With so many people living on welfare programs, jobs are not receiving workers, there are more homeless people, and a ridiculous amount of federal money in place to support these programs.
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
There are many other professions that went through years of schooling and testing and only make a little over $15 an hour. Yet, fast food where all one needs is either a GED or high school degree and no college requirement is needed wants to make $15 an hour. Which to choose: raise minimum wage or keep it the same at $7.50 an hour? States that have officially passed for minimum wage to $15 an hour are as follows: New York, Seattle, San Francisco, Los Angeles, and Washington D.C. New York’s minimum wage by the end of the year will be raised to $10.50 an hour and by the year 2018, the minimum wage will increase to $15 an hour. Seattle’s minimum wage will increase to $9.32 by the end of the year and will increase to the $15 an hour by 2017.
With a minimum wage salary you have to work a forty hour work week without paying more than thirty percent of their income. The increase of minimum wage would benefit more than just workers it would have a positive impact on women and their families. This would benefit women because in the United States women tend to earn less than men. In 2015 full-time female workers made seventy nine cents for every dollar earned by men. Raising minimum wage would also help provide for their children.
What new, Significant question do these texts raise for me? Is it too late to depend on the government to fix this problem? If minimum wage is increased will it put many lower-level wage employees out of a job (Saltsman 40)? Is it true that there is “little connection between a higher minimum wage and reductions in poverty” (Saltsman 40)? 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?
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
The shortfall of the debt be reduced about $2 billion over the years. Another way is if there was another reform that would create more than 900,000 jobs. By creating more jobs it would increase the demand on the consumer goods. However by having a reform like this it can help to increase the GDP to about 2 percent by the year 2016. Throughout the years it would help the economy because the more people that would come into the country and trying to start their own business or start working, they would need somewhere to stay, and items to buy for their new lives.
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