Case Study: National Minimum Wage

Families as a whole will argue the point that an increase in minimum wages will allow families the abilities to put more food on their tables, while providing the base necessities need in the family. However, most analyses of the minimum wage focus on its unintended employment consequences. (Freeman, 1996) Some major companies have agreed to increase the minimum wages in some States, nevertheless, the amount that the wages have been increased by is not enough to get a family from beneath poverty. Proven the fact that job markets in some cases are not working in the best interest of their employees.

The concept that the National minimum wage needs to be elevated to $15 an hour hasn’t been completely considered because it would cause inflation for the economy; therefore, the lower class would still be functioning in poverty. A minimum wage job is low paying because it requires low skill; therefore the

A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.

A minimum wage increase from “$7.25 to $10.10 would result in a loss of 500,000 jobs”. ("The Effects of Minimum-Wage Increase on Employment and Family Income”) This claim is better because it shows how raising the minimum wage will decrease job growth instead of increasing it. But, the minimum wage should be increased because increasing will also increase economic activity and spur job growth, decrease poverty, and improvements in productivity and economic growth have outpaced increases in the minimum

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.

In 1994, labor economists David Card and Alan Krueger compared the rates of employment in New Jersey 's fast-food industry before and after a statewide increase in the minimum wage. The study found minimal impact on employment. "The weight of this evidence," Card and Krueger wrote in their 1995 book Myth and Measurement: The New Economics of Minimum Wage, "suggests that it is very unlikely that the minimum wage has a large, negative employment

Berlatsky, Noah. The Minimum Wage. n.p.: Detroit: Greenhaven Press, c2012., 2012. Joliet Junior College Library Catalog.

In conclusion, I found that those working a minimum wage job did not apply for the job because it was a desirable one, but because it gave them an opportunity to start small and work their way into a higher corporation. Although the stereotypes held about people working minimum wage jobs are bad, this study can show people that these workers are taking advantage of the opportunities available to them to

1. Introduction In the modest term, a minimum wage is a lawfully authorized minor bound for wages, but the term “lawfully authorised” is unclear, leading too many different kinds of minimum wages institutions (Cunningham et al, 2007:19). It further states that in the most straight forward cases, such as Brazil and Bolivia, the federal government identifies a wage level and all employers in the country must pay at that level or above it (2007:19). Economist have tended to oppose minimum wage on the grounds that they reduce employment , hurting many of those they are supposed to help (the economist:24/11/2012).

The chapter “Nickel and Dimed” discuss how unskilled workers are living in the modern society of America. They live by hope and want to live properly like others. However, it may be a dream for them because they already know their wages are always very low.

On the other hand, workers who had a hard time finding a second job to make up for their lost hours might have been earning much less. ”(Source 4) The rise of the minimum wage is not working in one place, it does not mean it will see the same results in other places, the first step of improvement is identifying the errors. If Congress can find the issues between why the rise of minimum wage is not working in Seattle they might be able to find a successful way to improve the problem why minimum wage has to rise at all. Minimum wage jobs were created for inexperienced teens but, now there are jobs where you start at the minimum.

The Minimum Wage Struggle Money is an essential object to acquire in the society we live in. Various places demand a high monthly rate in order to occupy a premise, along with the stress of utility bills that may not be included. Aside from living costs there are many other factors which must be calculated when budgeting on a day to day basis. Overall, the survival rate tends to increase due to so many responsibilities that need to be upheld, as well as costs being raised. This rise in both the cost of living as well as the need for higher wages proves that the standard of minimum wage needs a major increase.

Introduction Minimum wage is the lowest hourly rate an employer can pay an employee for hours worked. The topic of raising the minimum wage is a sensitive issue for many people. The livelihood of many relevant stakeholders will be directly effected by policies created in regards to raising minimum wage, both positively and negatively. This paper will examine the history and current state of minimum wage. It will identify the issues connected to raising minimum wage, analyze the arguments for and against, and make recommendations based on the analysis.

In turn, workers will not only better their quality of life, but will also boost their country’s economy through spending. As suggested by the International Labour Organization, “…international labour standards are an essential component in the international framework for ensuring that the growth of the global economy provides benefits to all” (“Introduction to International Labour Standards.”). International labour standards will provide a more equal distribution of wealth as well as indirectly boost the global economy through stabilizing individual economies. In conclusion, regulatory labour laws will not inhibit the growth and development of the global economy, despite the claims made by companies presented in Kernaghan’s video.

When I entered the workforce, I did so in my early thirties and as a ritualist. I accepted a position that offered no advancement opportunities, did not offer minimum wage, but rather offered a server wage and tips. While this was a full-time job, the monetary compensation did not add to the family income on a consistent basis as the income was based solely on the number of patrons on any given