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Why We Should Raise Minimum Wage

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We should raise minimum wage read below to find out why. In america their are 564,708 homeless people in we were to raise minimum wage to try and get rid of this amount of homeless people in america. Some people argue that raising minimum wage would make worker benefits be the first to go in america. This however is not true because these companies would be able to make more money because people would have more money and they can spend some on things they want. People would have a higher work morale because they would be able to make a lot more money than before so they would be more happy to work longer hours. A pro of raising minimum wage could be that their would be reduced government welfare spending meaning more money for important things like our army. We would be able to build more schools and get everyone an education with all the extra money. With reduced government spending we would be able to put more money into food stamps so that less rich people would be able to supply more food to the house.Government welfare supplies things such as medicaid meaning …show more content…

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

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484 Words | 2 Pages

Michael R. Strain states “the case against raising the minimum wage is straightforward:A higher wage makes it more expensive for firms to hire workers. ”which means that if the minimum wage goes up firms would not be able to to hire employees because they wouldn't be able to afford them due to the increasing of the minimum wage.

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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.

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993 Words | 4 Pages

The federal minimum wage should be increased because it would decrease poverty rates, stimulate the economy, and inflation has surpassed current wages. A raise in the federal minimum wage would help pull millions of Americans out of poverty. Currently, there are over forty-three million Americans who live beneath the poverty line (“Should We Raise”). Of those in poverty, many are trying to support themselves, as well as their families, while living off of a minimum wage job.

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1359 Words | 6 Pages

The minimum wage earner typically brings in half of their family's income. If it did happen to get raised congress could make benefits for low-wage workers. People till this day are having issues with insurance, health care and even housing there family. According to the Heather Boushey, she says raising the minimum wage would have positive effects on the economy and lowering the poverty rate. Economic research points to the conclusion that a higher minimum wage does not cause greater unemployment, it addresses the problem pretty well and could possibly boost the

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1130 Words | 5 Pages

Most workers wouldn’t receive they pay that they deserve. Third,If the minimum wage was increased they would need to give raises to everyone (‘’Moore’’).Everyone would have to get a raise because of the increase of minimum wage. Most companies won't be able to afford that because they have other things to pay. Not everyone will get a raise then everyone will start to quit then they wouldn't be in business.

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787 Words | 4 Pages

The first problem with raising minimum wage is inflation. Inflation is when prices rise because of the minimum wage rising. Setting the minimum wage to $15 an hour, which is what most people are wanting, businesses payroll would go up a lot. Taxes would go up if minimum wage went up because the government would need more money to pay for other jobs.

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1159 Words | 5 Pages

Jon Corzine once said, “No family gets rich from earning minimum wage. In fact the current minimum wage does not even lift a family out of poverty” (Brainy). Kids are struggling to get through college, parents are having trouble providing for their family all due to their low wage jobs. Teenagers are the most common individuals to get minimum wage jobs and with these people going to college, it is nearly impossible to save enough money. When thinking about raising the minimum wage, one has to realize the work shift change in hours.

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700 Words | 3 Pages

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.

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990 Words | 4 Pages

A higher minimum wage for workers would take families out of poverty and have a positive effect on the economy. The changes it can make in the economy would be that people paying taxes would not have to pay as much because minimum wage workers would not have to use the programs like (SNAP) that they

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864 Words | 4 Pages

Although there are many ways to look at minimum wage, such as the increase and decreases, and how it will affects today 's economy it has both negative and positive effects. I believe that the minimum wage has an overall negative impact because whenever the minimum wage is increased it only makes more people recede into poverty when it is supposed to do the reverse effect. Minimum wage was originally made for people just starting out or a pay for low-skilled employees. I believe that if people can 't afford the stuff they need because of a minimum wage, then they should work harder to either get a pay raise or move to a higher paying job. This would not only help our economy grow but help people out of debt and poverty.

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539 Words | 3 Pages

One of them is that it reduces the poverty rate. It would also reduce the government welfare spending, and this means that people in low income house joules would be less dependent on government assistance. So, the government wouldn't lose as much money. Another huge benefit is, if they increase the minimum wage would increase the order productivity. Therefore raising the minimum wage has tons of benefits.

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564 Words | 3 Pages

Imagine an increase of unemployment, closing of businesses, and living costs. These would be results of an increase of minimum wage. The increasing change of minimum wage does not always result in beneficial ways. Would you want a hike in minimum wage if it could possibly raise the prices around you? Minimum wage is affecting employment, businesses, and how people live in ways that are unrewarding.

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1343 Words | 6 Pages

One of the most positive effect of increasing the minimum wage is attracting impoverished people to work rather than getting unemployment support. Some people would like to get unemployment support rather than work because the wage or salary is too low. Therefore, increasing minimum wage can be attractive to the poverty people that who are not willing to work, because there is no one wants to work when having similar amounts from unemployment benefits. Furthermore, the problem of inflation

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477 Words | 2 Pages

Living paycheck to paycheck doesn 't allow families to go out and buy other things that they want, they are only able to buy the necessities and sometimes aren 't available to do that. Families who are living on minimum wage may spend more time working trying to provide for their family than spending time for their family. By raising the minimum wage you would help millions of people who are currently earning $7.25, it would get many families out of poverty to help them live better lives and to better provide for their families. So in conclusion I believe that the minimum wage should be raised.

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555 Words | 3 Pages

I do not believe the government should raise the minimum wage. Wages stand where they are in result of the employees being low skilled and the market value of what is produced. As shown in the graph below, the government finds an average of supply and demand of the labor and decides an equilibrium price. At this point they would not have more workers necessary, which would be a surplus or a lack of workers, which would be a shortage. If a company pays workers more than what they are valued for, the firm will not stand a chance of survival against its competitors.

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