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.
Many people are asking will colleges lower their tuition because student debt has risen to 1.2 trillion dollars. Many students won’t attend college because they don’t want to drown in college debt like, some people that do. Based on research colleges should lower their tuition because it’s not affordable for everyone, the value, and it would allow more people to attend. Inflation has caused the price
The increase of the federal minimum wage is difficult to execute because of the republican political party, they argue that increasing the minimum wage will cause job loss, a rise in prices, and less hours an employee can work. Although it is unclear if increasing the minimum wage will have negative effects on employment, supporters still anticipate that the increase in minimum wage will reduce
Saltsman goes on to say that those who actually live in poverty need to find a job to help their situation before Congress touch the minimum wage. Raising the minimum wage will only increase the prices of everyday goods, especially since big corporations, such as McDonald’s, want to keep their profit margins large. On the other hand, Surowiecki explains that higher minimum wage remains only half of the problem; he suggests that Congress must expand earned-income tax credit and strengthen child and health care systems. In contrast, Saltsman refutes this statement when mentioning that unskilled workers will lose their jobs if the minimum wage is raised because their job will go to higher educated
Minimum Wage was first enacted in 1938 during the Great Depression under Franklin Delano Roosevelt. It was initially set at $0.25 per hour, but today it is set at $7.25 an hour. In politics today, deciphering whether or not to increase the minimum wage is among one of the top controversial topics discussed. In this article, ProCon writes about the many different advantages as well as the disadvantages of increasing the minimum wage. Some of the arguments for raising the minimum wage that people tend to make are that it would increase economic activity and spur job growth, reduce poverty, and also would allow people to afford everyday essentials.
These wages do not accurately represent the importance of these jobs. This is due to the pay structures presently utilized in the United States. Currently, the general American pay structure is organized in two ways: company and job family brackets (“Pay & Salary”). In company brackets, an organization chooses how much to pay its employees, which is logical as not all companies are as profitable as other companies and cannot afford to pay their employees the same amount. In job family brackets, certain jobs are more likely to receive greater pay.
According to the New York Times, “[h]alf the jobs in the nation pay less than $34,000 a year... [a] quarter pay below the poverty line…” With the majority of jobs already low-wage, welfare and taxes decrease the already struggling parents’ pay. Not
Women make 77¢ to every dollar a man makes for the same job per week, that’s the false statement that miss leaded politicians and that many feminist try to state as fact to the masses without telling the whole truth. In my opinion the wage gap is used to make the need of feminism stronger by making people think that there is still a problem with equal pay due to gender. The wage gap is the idea that if a man and a woman were hired for the same position, the women would make 23% less than the man per week. The entirety of the argument has been proven to be a lie time after time again, but many feminists continue to advertise and protest it as fact, but they never seem to teach the full truth behind it. One of the largest problem with the argument
This means that jobs would not be filled. Undocumented immigrants are concentrated in specific jobs. The majority of them focus their work in service occupations farming and construction. These jobs would be severely affected if undocumented immigration stopped. Also the cost of production would increase because companies would have to hire American workers who would be paid more than immigrant workers.
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.
For instance, when a company moves they must lay off hundreds, sometimes even thousands of employees. This raises unemployment in the US, while it raising employment in other countries such as, Vietnam, China, and Brazil. Now, of course, their are benefits to moving companies out of America. For instance, companies can lower their prices, and increase America’s products in the world market. Also,
After thoroughly reading two articles by Surowiecki and Saltsman on if the United States raising minimum wage, the minimum wage should remain the same. To support this statement, Saltsman states that the people who live below the poverty line, in fact, are not poor because of minimum wage; Americans remain poor due to not working at a job. People continue to live in poverty because they lack the skills to even attain a job or look for a job. Even though Surowiecki claims that 46% of today’s families live off of a minimum wage worker, minimum-wage jobs weren’t meant to support families. Minimum-wage jobs were meant for teenagers and woman.
Because the cost of living has welkin rocketed, it has become virtually infeasible to raise a family on a minimum wage job. A person living on his or her own cannot survive on minimum wage job either. Their living expense would just be exorbitant. The earnings of minimum wage workers are crucial to their families salubrity. 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.