ipl-logo

Persuasive Essay On Raising Minimum Wage

700 Words3 Pages

What would be so bad about raising the minimum wage? Minimum wage is the lowest payment that employers can legally pay their workers. There are many downfalls in raising the minimum wage from it increasing poverty to it decreasing employee benefits. Increasing the minimum wage would make it more difficult for employers to hire younger and low-skilled workers, employers would have to fire people who currently earn minimum wage. “There are better ways to help the poor” (Doyle). I am against the government raising the minimum wage. Raising the minimum wage would decrease employee benefits and increase tax payments. According to James Sherk, at the Heritage Foundation, a single mother working full time and earning the federal minimum wage of $7.25 an hour would be over $260 a month worse off if the minimum wage were raised to $10.10 "While her market income rises by $494, she loses $71 in earned income tax credit refunds, pays $37 more in payroll taxes and $45 more in state income taxes. She also loses $88 in food stamp benefits and $528 in child-care subsidies. Also, 40% of CFOs would reduce employee benefits if the minimum wage were raised to $10 an hour” (“Increasing the Minimum Wage: Pros & Cons.”). Increasing minimum wage will make it more expensive to hire younger and low-skilled workers (Doyle). Higher minimum wage rates can make employers cut down on hiring teenagers who usually fulfil lower positions. According to the Bureau of Labor Statistics, 32.6 percent of

Show More
Related

  • Should Government Raise Minimum Wage

    392 Words  | 2 Pages

    Should government raise minimum wage? Minimum wage is set at $7.25 an hour, and if minimum wage was raised to $15 an hour such as in California, California 's law will affect both a much larger number of people, and a much more diverse population of workers than any other measure to date. A few reasons why raising minimum wage is a bad idea is because current employees who get paid the minimum wage would be obligated to do more work. To keep labor costs low, these employees would have to take on additional duties and responsibilities to make up the difference in hours available. Since more people would be willing to work for more pay, the current workers would be likely replaced by higher quality workers or automated systems.

    Read More

  • Why We Should Raise Minimum Wage

    807 Words  | 4 Pages

    If they raised the price than the people who make minimum would have to make more money so they would have to work two jobs making they spend less time with friends and family. Raising minimum wage would do absolutely nothing because it 's like if you had 2 dollars and something cost 4 you work a week get 20 dollars and then have 22 you can buy it but then the price raises to 26 dollars and so on. Finally people suggest the fact that even if you raise minimum wage than not all people would still want a job and it would be harder to find a job making the poor population either rise because of people getting fired or get better because of people finding

    Read More

  • Minimum Wage In Texas

    1993 Words  | 8 Pages

    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

    Read More

  • Should Minimum Wage Be Raised Essay

    407 Words  | 2 Pages

    When you raise minimum wage you raise the price in everything else for instance if minimum wage was raised ten percent that also raises restaurant prices 0.7 cents that may not sound like a lot but it starts adding up sooner or later and who knows then it could raises prices a whole dollar. Some people think that because the cities they live in are so expensive that minimum wage should be raised but if you live in an expensive city and are also living off minimum wage and can not afford it then you should not be living there. Also women think that they can not have a good lifestyle for their children with what minimum wage is paying. If you are living off minimum wage and trying to raise children then maybe you should find a different job where you can afford a life for your kids. Minimum wage should be raised because the economy is at a point where if minimum wage is raised there would not be a drastic change.

    Read More

  • Essay On Raising The Federal Minimum Wage

    733 Words  | 3 Pages

    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.

    Read More

  • Minimum Wage Should Not Be Raised

    495 Words  | 2 Pages

    A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.

    Read More

  • Persuasive Essay On Minimum Wage

    623 Words  | 3 Pages

    Today’s minimum of $7.25 an hour is worth 25 percent less than the minimum in the late 1960s. From research, a full-time, minimum-wage worker earns about $15,000 per year, which is below the federal poverty line for a worker with just one child. We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs, such as food and other necessities. An increase to $10.00 an hour as proposed by President Barack Obama would actually reinstate the wage factor to the same value it had back in the 1960s. In doing so, it would lift earnings for nearly 28 million workers nationwide roughly 1 in 5 U.S. workers.

    Read More

  • Persuasive Essay On Minimum Wage

    711 Words  | 3 Pages

    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

    Read More

  • Why The Minimum Wage Should Not Be Increased

    438 Words  | 2 Pages

    When the minimum wage increases, business owners will have reduced profit, sales will fall off, and prices will raise. Eventually, the owner will not get any profit because the store will get $10 off sales but the worker demands $15 and the worker will have to be fired. A high minimum wage sounds like a great idea in the free market, but it seems like a joke. Customers will not agree to pay more on a product just because the business has to pay the worker more and they will lose a profit they really cannot afford to

    Read More

  • Wealth Inequality In America Essay

    598 Words  | 3 Pages

    This would make it where people wouldn 't have to live paycheck to paycheck. Raising the wage slightly would also make it so the price of goods wouldn 't have to be raised. The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. This raise increase would be easy to implement and would help the economy. By implementing this new minimum wage many problems in America can be solved.

    Read More

  • Essay On Federal Minimum Wage

    670 Words  | 3 Pages

    In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.

    Read More

  • Increase Minimum Wage Essay

    607 Words  | 3 Pages

    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.

    Read More

  • Essay On Increase In Minimum Wage

    704 Words  | 3 Pages

    Many argue that an increase in minimum wage will help guide low skilled workers out of poverty and assist them into having a better career. That is not necessarily true, Many economists can agree that minimum wage jobs such as cashiers, host or a hostess are not jobs that meant to support a family. If anything by raising the minimum wage, it will put more people in poverty than guide them out of poverty. A raise in minimum wage will cause loss of jobs, an increase in the inflation rate, increase in

    Read More

  • Essay On Should Minimum Wage Be Abolished

    1130 Words  | 5 Pages

    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.

    Read More

  • Argumentative Essay On Minimum Wage

    1130 Words  | 5 Pages

    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. Minimum wage workers work hard and "[s]ince the 1970s, productivity has risen dramatically... [y]et middle- and low-wage workers ' incomes have barely changed" (Dorn). These circumstances make it hard for low wage workers to stay above the poverty line when the average low wage worker makes only $15,000 annually (Dorn). Before inflation, the minimum wage was surprisingly much higher, "in 1968, the minimum wage was close to $10 per hour in today 's dollars" (Dorn).

    Read More

More about Persuasive Essay On Raising Minimum Wage

Open Document