Quote: Wages have accelerated modestly, and a growing proportion of firms said they expect to hike wages in the months ahead.
Reaction: I currently work a minimum wage job and in 2017, I was making $10.50 an hour, but after January 1st, I began making $11 an hour. Corporations must pay their employees the minimum wage to follow state regulations.
After reading this quote, I decided to research about the California minimum wage. The current minimum wage in California is $11 and will increase by a dollar every year until 2023. By 2023, the minimum wage in California will be $15 for business with 26 employees or more. California might be the first state to have the minimum wage reach $15. As minimum wage increases in California, the cost of living will increase such as housing, food, and healthcare. Raising the minimum wage to $15 is unnecessary because a minimum wage job is not a career and will not offer health benefits. Smaller Companies will lay off employees or close down because they’re unable to afford it.
Link: https://www.govdocs.com/california-15-statewide-minimum-wage/
Quote: Home sales continued to increase over the reporting period, and loan demand grew.
Reaction: The housing market in Sacramento is a sellers’ market but not a buyer’s market. The housing market will continue to have their ups and downs.
After reading this quote from the Federal Reserve Bank of Dallas, I researched about the housing market in Dallas, TX. In 2017, Dallas was ranked 12 out
Introduction More numbers of state are joining to take action to raise the minimum wage to $15 per hour in a few years even though there is a high disputing controversial all over the nation. The federal has set the minimum wage level to $7.25 on Jan. 1, 2015. In less than a year the index number of the minimum wage is going up automatically with cost of living. And eventually it will be likely to increase year by year with automatic and expectation index.
Raising the minimum wage has been one of the biggest debates during the 21st century. One side of the spectrum argues that raising it will make it so they have a living wage, while the other argues that raising it will hurt the economy. Whichever the case is, people are clearly divided on this issue. Before Oregon passed the 15 dollar minimum wage law, people wrote arguments to try to either prevent or pass this law. The article, “How a $15 minimum wage would affect a real business: Guest opinion” by Lee Spector argues that raising the minimum wage would hurt small businesses like the one he earns.
Should government raise minimum wage? Minimum wage is set at $7.25 an hour, and if minimum wage was raised to $15 an hour such as in California, California 's law will affect both a much larger number of people, and a much more diverse population of workers than any other measure to date. A few reasons why raising minimum wage is a bad idea is because current employees who get paid the minimum wage would be obligated to do more work. To keep labor costs low, these employees would have to take on additional duties and responsibilities to make up the difference in hours available. Since more people would be willing to work for more pay, the current workers would be likely replaced by higher quality workers or automated systems.
Currently, the national minimum wage is $7.25 per
Out of fifty states, twenty-nine have raised the federal minimum wage above $7.25. As of January first, 2016, only two states have raised their wage to ten dollars, those two states are California and Massachusetts. Moving to California or Massachusetts to get paid higher seems like a great idea does it not? What most people do not understand that with a higher wage comes higher prices along with that increase of money. You may be getting paid ten or fifteen dollars an hour to serve people burgers, but you go to the grocery store and spend your entire paycheck on food for your family.
The law on minimum wage has become very consequential and has came to light to employees whom are required to work the current wage. The state of Texas has had the same minimum wage since 2009 which it is currently $7.25. It has been numerous complaints throughout the state about the minimum wage in Texas. Employees main concern is that they are simply getting underpaid for their work. Compared to other states the minimum wage Texas seems to have fallen very far behind.
Minimum wage should not be raised because it is not an income that someone sold live off of. Minimum wage in the country is currently $7.25 but some states have changed it in a way that is way too much. For example Washington state currently has the highest minimum wage at $9.32 that’s a $2.07 increase to the current amount minimum wage. Seattle is currently considering to raise their minimum wage to $15 it’s understandable that the city is very large and things cost more money but if they raise minimum wage to $15 that will only bring inflation causing things to cost only more money than it already does. If there is one thing that should not be done to the country it is to cause inflation.
While it is reasonable to only increase minimum wage for those who work full-time, most that work full-time are already getting paid above $7.25 an hour. At the same time, the cost of living is likely to increase for all. Furthermore, I have personally seen that many who work minimum wage jobs made the conscious decision to drop out of school or take the easier route and earn a GED. Although I disagree with much of what Perkins states, I agree with Perkins claim that raising minimum wage might motivate people to stop abusing the welfare
Should the Federal Minimum Wage be Increased? Have you ever thought that you wanted a raise at work but did not have reasons? In this essay you can give your boss these reasons and get more money. The minimum wage in 2012 was $7.25. The minimum wage is a large-scale reason of poverty.
Many citizens of California would naturally think about prices of products when they hear that the minimum wage will increase. An online article, by PewResearchCenter, says that “..Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 8.1% of its purchasing power to inflation”. Even though this was news a few years back, it still shows the effects of having a raise in minimum wage. It shows that 8.1% being purchased have been increased into products. There will be no point in raising the minimum wage if the price of products goes up.
The minimum wage in Virginia should be increased to reflect the cost of living within the State. The number of working poor are increasing. There are minimum wage jobs available throughout the state, however earned wages are not sufficient to allow for a manageable quality of life. The current minimum wage in Virginia is $7.25 per hour, in keeping with the Federal Minimum Wage rate of the same amount.
This poses the question: “Is the current minimum wage a livable wage?” The answer, unfortunately, comes back negative. The current federal minimum wage, at $7.25, is worth nearly 38 percent less compared to 1968 when the federal minimum wage was valued at its highest ($11.72 in 2016 dollars). Given the facts, it is justifiable to raise the federal minimum wage as it would amount to a more livable wage, stimulate the economy, and provide better circumstances for workers of color and women.
Is it ethical to raise the minimum wage when it doesn’t necessarily affect the very poor, the people it’s aimed at helping? The minimum wage is the lowest hourly wage an employer is permitted by law to pay an employee for his work. The current federal minimum wage is set at $7.25 an hour. Across the country, there is an overwhelming push in favor of raising wages for our poorest workers. In January 2016 the minimum wage in California was raised to $10 an hour.
It’ll especially help college students significantly with tuition money, textbooks, school supplies, food, and car expenses. It’s ridiculous how our minimum wage in Pennsylvania isn’t the same with California’s wage (which is $10.00). It is truly unfair, and I feel as though this is something that I believe in for the residents in
Since the Great Depression, there has been a minimum wage in America, but this minimum wage has changed 22 times since the Great Deprnbession. Many people say minimum wage should stay at $7.25 like it has been since 2009. Meanwhile, other people believe that minimum wage should be $15.00 so they can have more money to live comfortably. People think that a higher minimum wage will help, but it will hurt more people than it will help. If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out.