According to a professor named Robert B. Rich “$10.10 isn’t enough to lift all workers and their families out of poverty. Most low-wage workers aren’t young teenagers; they’re major breadwinners for their families, and many are women. And they and their families need a higher minimum wage.” Robert is saying that the minimum wage should be increased because for most people in a family that earns all of the money to support their family will need to get out of poverty. Therefore raising the minimum wage would be benefit.
By giving an access to free education we produce more professionals, which creates a more competitive job market in the country. In order to strengthen the economy, government needs to produce skilled and knowledgeable workers. The most effective way to achieve economic growth is to invest in high education. Well educated workers tend to produce more money benefiting not only the company they are working for, but also improving economic situation in the
According to MIT’s living wage calculator, Hall county’s living wage is roughly $11 an hour for the average adult (Glasmeier). Living wage is the lowest amount of money an adult can make per hour, to still maintain a normal standard of living. The federal minimum wage of $7.25 is nowhere near the $11 dollars needed, much less Georgia 's minimum wage of $5.15 an hour. This is why raising the wage could help more people live to a normal standard of living. Many people against raising the minimum wage argue it would raise the unemployment rate.
Converting to a flat tax system would mean everybody would give an equal percentage of their annual income earned for taxes. Now as this seems fair, is it really though? People who have lower incomes would obviously have a lot less money left over after the flat tax was collected. Another disadvantage of flat tax would be the loss of jobs. The IRS would be hit hard considering their line of work would be gone if the United States shifted to a flat tax system (Gordon
Increasing minimum wage will make workers more financially stable, if the wage doesn’t increase it will be harder for people to make a living. Many people in the United States continue to be in poverty even while working a minimum wage job. The Missouri minimum wage is $7.85, the national average nationwide is $7.25. With the minimum wage being $7.85 in Missouri a worker would only receive $1,256 a month. This income would be okay for the average high school or college student, but not for a parent who maybe didn 't finish high school and has a family to take care of.
Now that child can continue to live off the stock earnings and not have to work. The Bush tax cuts allows inheritors to pay less taxes on their investments and not have to pay taxes on an estate they inherited either. When taxes are cut on the wealthy then the middle class and the poor have to make up for the difference. This is a serious problem because the wealthy are able to earn more money off their stock earnings and not have to work while the middle class workers take home less money because they are forced to pay more in
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. Immigrants do not only help the economy by opening their business but also they are one of the largest consumers in the
If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out. If America raises the minimum wage to $9.00, it will help people in need or in poverty, but it also won’t hurt people in the workforce. If you increase the minimum wage to $15.00 it will make unemployment rates go high up. Which in the process, makes the homelessness rates go up in the country and in your community. If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness.
But reality is another one the people who are work in a minimum wage job are mostly over the age of 35, who are only working so they can support them or their family in many cases. So, raising the minimum wage by 5 dollars is going to end poverty. Though many people argue that by raising it, is just going increase the unemployment rate. While I do acknowledge and take into consideration, this act takes care for those families
Each year thousands of workers complain that they are not getting paid enough. They want to be able to afford things other than the basic necessities. What they do not know is that if the minimum wage were to be raised, they would be a lot more likely to make even less money- 0$ an hour. The minimum wage has been debated for years. Some say that raising the minimum wage will lift people out of poverty and provide a higher standard of living for everyone.
The point of a minimum wage is to help the poor to stay out of poverty. Statistically about 80% of The United States of America is covered by this law minimum wage, but minimum wage isn 't the same everywhere you go the overall national minimum wage is $7.25, but now some places have bumped up their minimum wage to higher. The reason for people having a higher wage is to recruit more workers or just simply because the job is harder and requires either more skill or some sort of a degree. Also just some states in general require its bosses to pay more. With that they also add in ages that you are allowed to work for minimum wage, and what age you 're allowed to work the spot that you want or desire.
The immigrants undercut wages and take away jobs that would go to citizens. Undocumented workers “have lowered the wages of U.S. adults without a high-school diploma, 25 million of them , by anywhere between 0.4 to 7.4 percent”(Davidson par.4). Although it can also be seen as the undocumented works complement the skilled workers not competing with them. It is best to get the jobs done when the work can be divided. The skilled laborers can spend longer time focusing on their job and make more money.