Desiree Ripoll Professor Heuer ENC 1102 5/30/2017 Increasing the Minimum Wage is Good for America Raising the minimum wage is not only beneficial to those who are struggling financially, America’s economy would benefit from this as well. Doug Hall and David Cooper express how increasing the minimum wage would be a tool for modest job creation in the article “Raising the Minimum Wage Would Help Lower-Income Workers”. In the article “Is a $15 minimum wage economically feasible?” Jeannette Wick-Lims discusses how raising the minimum wage is good for the economy if we adapt to the changes accordingly. Elise Gould argues about how there is a strong statistical link between economic growth and falling poverty rates in her article “Increasing the
In addition to that, raising the minimum wage would not do anything to combat poverty. In a study conducted in Los Angeles, where minimum wage is expected to rise to fifteen dollars per hour, housing costs (per month) are also expected to climb an average of $173 (“Minimum Wage and Housing Prices”). Minimum wage workers would have lots of their increase go towards rent, or buying
01 Mar. 2016. The American Action Forum believes that raising the minimum wage can do more harm than good and hurt the people it’s supposed to help. Job loss in the millions would happen if the wage was raised from $7.25 to $15. People in poverty before the increase would have trouble finding jobs because companies would have to have less positions to counter the wage raise.
Many people against raising the minimum wage argue it would raise the unemployment rate. Many argue companies wouldn’t be able to keep the same amount if workers, and half a million jobs would be lost (Minimum wage). This is not true, the extra money in customers hands would raise the economy enough to cancel out the extra costs, and actually create more jobs. Jobs might initially be lost, but in the long run, they will recover with a vengeance. In the end, when people say raising the minimum wage would lose jobs, it is a temporary loss that will recover within a year or
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.
Speech Body Existence of Problem: The minimum wage rate is causing higher levels of poverty and unemployment. Evidence of Problem Existence: On a article Michael Saltsman wrote that President Obama has discussed raising the minimum wage rate to $9.00 per hour. He believes that "a higher minimum wage can reduce poverty without reducing employment." On another article listed on The Washington Post Mike Konczal stated "Dube uses the latest in minimum-wage statistics and finds a negative relationship between the minimum wage and poverty. 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."
Furthermore, as the federal poverty line is considered to be roughly $23,050 for a family of four the population that falls below that level take up nearly twenty percent meaning that these families without aid will not have the ability to attend college. Ultimately, free education as a whole may be a great idea to bring America up in global education levels along with stopping the continuous growth in student debt however at this point in time it seems impossible. In addition free higher education in the United States would require a complete reshaping of the economy as the U.S has a national debt that is reaching near twenty trillion dollars along with the recent president elect Donald J. Trump being a member of the top 1% the consideration of the lower and middle class people will likely be overpassed for the businesses of the
college tuition should be paid for because, if the United States had more and more students going to college instead of going straight to jobs the economy would improve greatly. A vast majority of those who graduate from college would be getting higher paying jobs than if they hadn 't gone at all, which in the long run gives them more money to spend and therefore increases tax revenues. The increased tax revenues would enable the government to provide services to the constituents. Having more money go into the economy will help money go towards funding college however they would choose to deal with splitting the costs. This would also help small businesses because if they have more revenue coming in that can be used to grow their small business bigger.
There are some people that are totally against raising minimum wage because it can lead to losing jobs, but besides that it can make many people and families get out of debt. Because of this it would benefit many Americans if the minimum wage were to be increased. One reason the minimum wage should be increased is because it would allow people to get out of debt. According to a professor, Robert B. Rich “An increase of a couple dollars per hour… allowing them to exit
Minimum wage is affecting employment, businesses, and how people live in ways that are unrewarding. In 2014, the Congressional Budget Office estimated that if the federal minimum wage raised in 2016 to $9.00 that about 100,000 workers would be unemployed. They also estimated if it were raised to $10.10 that about 500,000 workers would lose their jobs (“The Effects of a Minimum-Wage…”, 2015). With an increase of minimum wage companies would have
While some citizens believe that a $15 raise will help the economy, the author comprehends the negative consequences of any federal minimum wage increase on the economy. Holzer also defends the idea of a massive increase on in not only unemployment rates, but common household items, as well.
Is it a dream to make more of a minimum hourly wage? Or is it considered a nightmare? California legislators and Governor Jerry Brown have decided to increase the minimum wage by fifteen dollars by the year of 2022. With an increase in the minimum wage, residents of California are worried that they would lose more than they will actually receive. The people of California are actually making good points as to why the minimum wage of fifteen dollars should not be instated.