Evelyn and Luis have a family of 3 children. Luis works for minimum wage as a mechanic Evelyn works as a nurse. The money they make goes for cable , the water bill and rent. They would like to have a lot money but are unable to. President Obama wants to increase the amount of money people are paid from $ 7.25 to $ 10.10 . Today more minimum wage works are exchanged of making money for their families (smith 2) In order for our country to be stronger minimum wage needs to be raised because of their children and bills. One reason why the minimum wage should go up because they need more money for their children. “If we increased the minimum wage workers will earned 6,000 dollars more for their family” (smith 3) The minimum wage
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First, one main reason that the minimum wage should be raised is because the economy will prosper. “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” (ProCon). This quote shows that the economy will flourish from the increase of the minimum wage and that unemployment will decrease. Another quote that shows how raising the minimum wage will affect employment is “To the extent that through these contour effects it affords as much as 70 percent of the workforce greater purchasing power, it effectively increases aggregate demand for goods and services, which should ultimately lead to the creation of more jobs” (Challenger 19). Bryan Covert supports raising the minimum wage by
The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.
Reasons Not to Raise the Minimum Wage Raise the Minimum Wage Would result in job losses. It hurt low skilled workers be harder to find a job. Minimum wage increases dose not reduce poverty. Result In higher Prices For consumers, the costs of minimum wage increases must be paid by someone.
Workers across the United States wish to raise the minimum wage to ten dollars. Minimum wage should not be increased because people who work at fast food restaurants should not get paid as much as someone who workers harder than they do and it would not be a benefit to the people of the United States. Minimum wage means you get paid the minimum you can receive for working every hour, why wouldn’t an individual want to get paid at the maximum limit they could earn instead? Employees who would like to get a higher income need to get a more professional job. There are plenty of fast food restaurants in every state and they are always hiring full-time and part-time jobs, but shouldn’t adults work somewhere with more benefits, such as a hospital or a school?
The people who are against the increase of minimum wage often argues that it will harm young adolescents the most, and that they will need the experience of working at the minimum wage. It is significantly unfair with other states, such as California and Massachusetts. The minimum wage for these states gives other states a disadvantage in the economy. I feel that every state should have the same price range of minimum wage just to make every state feel that they are equally the same without any disadvantages. Raising the minimum wage is something that should’ve been done a long time ago.
In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.
In the US there has been a movement to raise the federal minimum wage, which has been $7.25 per hour since 2009. A goal within this movement is to raise the federal minimum to $15 an hour. This would be a 107% increase over the $7.25 minimum wage. The question is if it is possible to expect that the minimum wage could be raised to $15 per hour without making a massive negative effect, to be more specific affecting the U.S. fast-food industry. The fast-food industry is a great discussion to look at.
those who are responsible for the poverty many Americans live. The government must determine how much to increase the minimum wage; if they decide to increase it at all. Leading the struggle for increased minimum wages are the fast food workers of America, each with their own personal stories of struggle and reasons they must depend on a food service job, paying these meager wages, to provide for their family. As David Neumark states, “Since its enactment, there has been widespread debate about the merits of minimum wage laws, along with numerous efforts to evaluate their economic effects” (55). I seek to show the value of a significant minimum wage increase and the effects it will have, not only on fast food worker’s lives, but the good it could have on the US economy.
Throughout this country, there are people struggling to obtain basic needs for everyday life. Although many work forty hours a week, the current minimum wage is not set at a standard where one can live off. Things such as rent, utilities, and food have become impossible to obtain with the current minimum wage. The sacrifices, choices, and ways of life of those living on minimum wage must be altered and redefined to live in our post-industrial society.
In 2013 one million single mothers with children under 18 would have benefited from a minimum wage increase to $10.15. Single mothers are 10% of workers affected by an incrementation but they make up only 5.7 of the overall work force. More than two million espoused men and women with children under age 18 would additionally benefit from an
The first reason we need to raise the minimum wage is because a lot of people will benefit from it. Most people say that raising the minimum wage will just come back to bite us. But if we have enough places do it we will balance the economy out Another
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.
In a minimum wage increase to $10.10 like Obama wanted that would raise the national ratio to 50 percent. In San Francisco they raised minimum wage up to $10.74 and that has made the 40 percent city median wage. In February of 2013 Obama raised the minimum wage and one month into doing that the economy raised and got better for workers and
Minimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.
America today is faced with its fair share of problems. There are low employment rates, debt, and inflation everywhere, riddling the economy with issues. There is absolutely no reason that any American citizen should want to pile upon the problem. Yet, some believe that it could be done by raising the federal minimum wage to fifteen dollars an hour. Fortunately, history, economics, and common sense prove the minimum wage raise proposition wrong.