Living paycheck to paycheck doesn 't allow families to go out and buy other things that they want, they are only able to buy the necessities and sometimes aren 't available to do that. Families who are living on minimum wage may spend more time working trying to provide for their family than spending time for their family. By raising the minimum wage you would help millions of people who are currently earning $7.25, it would get many families out of poverty to help them live better lives and to better provide for their families. So in conclusion I believe that the minimum wage should be raised. The minimum wage should be raised due to having a healthy economy, according to statistics the economy should grow.
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
For instance, from the article “The effects of minimum wage” by David Neumark states that employers will try to keep away from low-skilled workers if the wage were to increase because it would cause them to be wasting money to train them; especially for students and high school graduates who are in absence of any work experience. With minimum wage increasing for the past couple of years it makes it difficult on employers who run small businesses to hire more new workers because they too are also citizens that have to pay their taxes and extra just to keep their business up and running. Such as the author Gina Kim who wrote the article “Minimum wage: helpful or harmful for small businesses” states that 85% of small businesses pay workers a bit more than the minimum to keep their workers interested in the job and they have to make profits out of their business to keep it on track. These businesses cannot innovate if the wage increases because then the labor market will pick up the prices on materials as well creating more of a problem for small business owners to keeping their company open for as long as possible and their solution would be to not hire a lot of employees. This pretty much explains the reasoning about how it will be troublesome for new fresh workers trying to just gain experience and get hard earned
Some have argued that replacing humans with robots is the most efficient choice. For example, it might help the disabled stand and move around independently, or contribute to net income for companies expanding robotic workforce. This argument might be true if it is considered under the side of an individual or a company the robot serves. It does not take into account negative effects on economy as a whole. Once the robot enters the labor pool, taking away more jobs, in consequence, the state of unemployment in a country could
For example, some people steal things due to them not being able to afford them, increasing the minimum wage will cause them to make more money, and won 't be in need of stealing, or committing other crimes. A 2013 study found that living wage ordinances "lead to modest reductions in expected robbery, burglary, larceny, and MVT [motor vehicle theft] rates." There 's occasions when people murder in order to obtain something from them, and some people commit robberies because they need that money the increase of the minimum wage can change that. Researchers found that there is a ¨10 percent increase in the real minimum wage results in a 6.3 to 6.9 percent decrease in murders and 3.4 to 3.4 percent decrease in robberies.¨ According to a study made in 2016 by the Executive Office of the President 's Council of Economic Advisors said ¨reduce crime by providing viable and sustainable employment… raising the minimum wage to $12 by 2020 would result in a 3 to 5 percent crime decrease (250,000 to 540,000 crimes)¨. The point here is that the higher minimum wages are the more it will decrease the rate of crimes being made.
Also, businesses are finding ways to cheat the Obamacare system by cutting the hours of employees, so they do not qualify as full time employees anymore. This is unfair to the employees, who need more hours to earn more money. Obamacare has made many ineffective changes to the health care system in America and should be repealed or modified to fix these issues. Resolving the health care issue in America will not happen overnight. Personally, the only thing I can do now is take care of myself and stay healthy.
$15 an hour sounds great to almost everybody, but most people don’t realize that if we all made $15 an hour it wouldn’t be as great as it sounds.The federal minimum wage should not be raised and should be kept at $7.25 because its negative effects on people 's income, inflation of prices due to a domino effect and the loss of jobs in mass numbers. There is no reason to raise the minimum wage in the first place, one of the claims I have heard from you is the ”reduction of poverty.” The problem with this claim is that the majority of poor Americans do not work at all, for any wage, so raising the minimum wage does not help them. It is like giving extra milk to a lactose intolerant person, it has no effects and only takes milk away from the rest
Problems such as an increase in the unemployment rate occurs, which is when the supply of labor is greater than firms demand for labor. In addition, robots will not be able to replace high skilled jobs such as doctors or surgeons because these jobs require quick judgement on the situation, something the robots are incapable to be do, since they are programmed. It is clearly seen that the introduction of industrial robots includes both advantages and disadvantages for the society. The key is while introducing more technology into human lives, we should maintain a balance usage between the robots and human capital. Too much usage of robots could potentially cause people to lose their own unique value, while completely stopping the usage of robots could lead to problems such as decrease in productivity and living
Free public college education should not be offered in cities in the United States because students’ success will decrease, the competition for jobs will increase, and most importantly taxpayers will have to pay more to support these schools. Firstly, free public college education should not be offered in cities in the United States because students’ success will decrease. If free classes are offered, students might abuse the withdraw system and continuously decide to drop out of a class, rather than worrying about having financial ramifications (Norton). According to a college
In the centuries the cost of college has gone up and the price of education and counseling has gone down, with job security putting the nail in the coffin. More kids are prone to drop out of college due to the cost, but still have a good job. For people who come from a rich family they would never have to think about dropping out, but for the average Joe college is not an option because of the amount of money it takes and there is no promised guarantee that you will have a job after
Just like Barak Obama, Jill Stein wants to increase job opportunities. She also believes that minimum wage is unacceptable. Jill Stein believes jobs should pay livable wages and not just minimum wages. With prices in the economy going up daily, everyone will not be able to live off just minimum wage. Some people work ten and twelve hours a day making $7.25 just to support a family of 3, that is just for single parents.
He believed that it was not the place of the federal government to tell companies how much they should pay their workers. Along with this, Reagan thought that companies would naturally raise their wages in order to keep their employees from going to other employers with higher wages. Competition between corporations would cause the salary of civilians to go up and the minimum wage would be irrelevant. Theoretically, this may work, but it failed and not create a safety net for citizens. Some workers would have no choice but to work minimum wage and this amount of money is barely possible, if not impossible, to live on.
Studies have shown that increasing minimum wage will not benefit Americas but will do harm to them. A statement made from a business owner says, “Many businesses cannot afford to pay their workers more money, and will be forced to close, reduce hiring, or lay off workers.” People with no work experience or even less skilled workers across America will be unemployed. This will result as a repeat in the United States history such as The Great Depression. With many citizens in America, the unemployment and crime rate has potential to increase
Sanders also wanted to spike the minimum wage to be $15 in 2020. That might seem good, but it is actually not, a minimum wage of $15 would mean an increase in unemployment because most companies don’t have enough money to support that many workers and it would also mean an increase in everyday items. Most of Sander’s decisions have a great impact across the world and the economy and most of it isn’t going to be approved by the Congress, especially the republicans. The government doesn’t want to waste that much money on the people. Bernie Sanders being the president might mean a lot, but his chances of winning are very slim.
Unfortunately, the productivity growth only leaves a bigger pay gap. The factory workers are still low paying jobs. According to Davidson, their paychecks should grow as productivity grows, but of course the companies are going to be greedy with their money and take the extra cash for themselves. These low paying jobs will never change and that is why a higher education is important in order to get a well paying job. This cycle is hard to break and many do not.