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
If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness. 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
Maybe it does not effect them directly, or they consider it "just a few people losing their jobs." What do these dropping rates show for themselves? According to economists from the American Action Foundation, raising the minimum wage just one dollar caused 747,700 people to lose their jobs. That is just considering the adults. Teenagers from ages sixteen to nineteen also make up roughly 25% of the workforce.
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." Evidence of Problem Existence: Most of us can't get by on minimum wage pay and leaves people struggling at home. Chris Isidore stated on a article listed on CNN that "About 20% of American adults who have jobs are earning only $10.65 an hour or less, according to Osterman's analysis. Even at 40 hours a week, that amounts to less than $22,314, the poverty level for a family of
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.
(reduces economic gap between social classes). People would become richer but it’s at the expense of the government becoming poorer. The government will have to take out more loans and have more debt. Cons: USFG shouldn’t pay reparations to African Americans Cost America pay they don’t have As we speak, America’s debt is at 18.2 trillion dollars and rising. If we pay every slave minimum wage for their work, we would have to pay trillions of dollars.
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.
Then public funding for higher education was reduced drastically. “In 2006, the last year for which [Jane] Wellman had data, state taxpayers sent $7,078 per student to the big public research universities. That 's $1,270 less (after accounting for inflation) than they sent in 2002.” Kim Clark (www.usnews.com). But the overall public university spending per student has ascended 12,400 to 13,800, up to 11.3% over the span of 10 years. In community college, where half of the country’s college students are educated, tuition has gone up while spending on classroom teaching has decreased.
With greater ability and mentality for success, college graduates are seen by employers to have the experience needed to earn a higher wage. As stated by Pew Social & Demographic Trends, “Adults who graduated from four-year College believe that, on average, they are earning $20,000 more a year as a result of having gotten that degree.” This is rightfully given to graduates because the large amounts of money, time, effort, and learning they went through to graduate college. Despite this some still argue that this higher wage is not capable of paying off student loans accumulated from four years in college, however, over a number of years the debt would be increasing faster and higher than those who would be increasing faster and higher pay. In conclusion, an ever growing unemployment level of college graduates, is leading to an ongoing debate of the necessity of a college degree. However, a college degree is worth the cost: it helps in preparing a student for the workforce and mental skills needed in their line of work, it can cover skills regarding nearly all forms of jobs, and it insures higher wages for most
The reason being is because college is just simply to expensive. College students make roughly $1,400 a month and about $10, 200 every year. $10,00 dollars isn’t nearly enough money to pay for four or more years of college. “Making college free would have one additional benefit: It would drive the for-profit schools out of business. They now enroll 13 percent of those currently attending American colleges, or 2 million students.” Radical Futures stated in their article, making tuition free will drive people to go to college.
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.