The minimum wage in the United States is set by the U. S. Labor law that employers must pay workers $7.25 per hours. Since 2017, in eight states, they have increased the minimum wage to $11.50 per hour. Across United States every state has different minimum wage standards. The State of Illinois has minimum wage set to $8.25 per hour (University of California). Over the past five years, current prices on houses, apartments, and condos have increased dramatically.
The Jungle by Upton Sinclair, is set in Chicago in the early 1900’s, during the height of social reform known as the Progressive era. The population of Chicago had grown substantially, from 29,000 in 1850 to 1.7million in 1900, due to the influx of immigrants in search of the “American dream”. America was the destination of all in search of freedom, equality and higher wages. The dream promised success in exchange for hard work, determination and morality. The reality was that the “American dream” was just an illusion.
As of September 27th, 2016, Panera Bread has 2,024 baker-cafes in 46 states” (panerabread.com). They have grown from twenty stores in 1993. Key Factors that drive the industry Panera Bread is in are economy, technology, and socially or society. Changes in our economy altered the speed of our lives, if you live in the city or near a city you know life’s pace is not slow. Unemployment has gone up but I do not agree what the number is today; according to data.bls.gov unemployment rate is at 4.7 as of December, 2016.
Franklin D. Roosevelt was elected president on March 4, 1933. Being at the height of the depression, Roosevelt’s goal was to reform the nation’s economy. He introduced this in his “New Deal” plan. While his plan was unclear, the nation still saw him as a beacon of hope at the depth of the depression. To pull off his “New Deal”, Roosevelt hired many political advisors, including Francis Perkins, the first woman ever to be elected into a presidential cabinet.
Raising the minimum wage would create jobs and promote job growth. A raise from $7.25 to $10.10 would inject 22 billion dollars into the economy and create over 80,000 jobs over a 3 year period (Minimum wage). The raise would help put money back into the economy creating big economic gains, and more jobs being created by business. More jobs can help lower the unemployment rate in the US, as well. Overall, Raising the minimum wage can help create jobs, lower unemployment rate, and put money
What if the national minimum wage was raised to $15 an hour? There are many occupations right now that are paying $15 an hour or less and have a lot more hours and stress involved. So why should a minimum labor and minimum stress job have a salary at $15 an hour? The answer is it shouldn’t minimum skill should equal minimum wage. If someone wants to make more money they should alter careers to a more difficult job that will pay more money.
According to Grand Valley State University, “The corporate income tax rate is a graduated tax topping out at 35% for taxable income above $18.3 million. That official U.S. corporate income tax rate is the world’s highest. For example, rates in China and Brazil are 25%, Russia is 20%, and India is 33.9%.” Companies often argue that if they do not have to pay as many taxes they can expand, hire more workers, and possibly increase wages. As stated by The Tax Foundation “A reduction in the corporate income tax rate to 25 percent would increase the size of GDP by 2.3 percent at the end of the adjustment period.” Higher corporate tax rates have caused some corporations to move their headquarters out of the United States, or to hold their money in offshore accounts (Hoogstra, Dimkoff, and Sundaram). The only downside with this compromise alone is it does not require companies to increase the wages of their
This would make it where people wouldn 't have to live paycheck to paycheck. Raising the wage slightly would also make it so the price of goods wouldn 't have to be raised.The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. This raise increase would be easy to implement and would help the economy. By implementing this new minimum wage many problems in America can be solved. There is a clear solution to wealth inequality in America, and it is increasing minimum wage so the lower classes can gain wealth .The uneven distribution of wealth and the low wages are the main problems in America and raising wages is the solution.Wealth inequality is the root of all problems in America.
Explain to a labour unionist why imposing a minimum living wage may actually harm workers. The national minimum living wage is a wage legally set by government that all UK workers who are above 25 should be paying high enough to have a normal standard of living. This ensure all workers are able to afford their day to day life’s routine, such as food, shelter, transport and etc. According to the government policy paper, they announced that the minimum wage would rise from £6.70 to £7.20 in April 2016 and £9 by 2020 (GOV, 2015). This expected to benefit 6 million people in the UK, as well as economy wealth.
The demand on labor from companies and factories was increased as increasing business. World Bank showed, ‘The GDP growth rate jumped to 11.1 percent from 1994 to 2000(World Bank, 2004:13).’ With the increased GDP, the Vietnamese solved the problems of food and clothing. The Vietnamese economy achieved its highest economic freedom score ever in the 2015 Index (The Heritage Foundation, 2015). However, there