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raising minimum wage effects
positive effect of raising the minimum wage
positive effect of raising the minimum wage
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“Paying your employees well is not only the right thing to do, but it makes for good business”-Jim Sinegal, CEO of Costco. Many of America’s employees are not being paid well, however, for the annual income of a full-time employee who works year-round is less than $16,000 (about $15, 080) according to the current federal minimum wage (Rebuilding). To put into retrospect how out-dated the federal minimum wage is, consider that the minimum wage of 1956 amounted to exactly $7.93 in 2009 (Henderson). How progressive is it that our nation’s workers being paid less today than workers from the 50’s? The federal minimum wage should be raised in order to assist families out of poverty, to ensure the effort and loyalty of workers, and to give people more money to put back into the economy.
America’s thousands of tipped employees (such as waiters and waitresses and nail salon workers) earn $2.13 an hour on the current federal minimum wage (Rebuilding). These people rely almost entirely on the random and unpredictable decency of strangers giving them the tips they are due. Before one complains about lazy couch-potatoes who don’t want to work and are pampered by government assistance, take a peek at the 2008 Conference of Mayor’s Hunger and Homelessness Survey, which states that the 42% of persons requesting emergency food assistance were employed (Henderson). Do also keep in mind the thousands of single mothers struggling to rear their children in our country and the sexist, misogynistic society we live in which leads to ever-present wage gaps between women and men and the devaluation of traditionally female-dominated jobs. As stated previously, a full-time employee who works year-round will barely make over $15,000 annually, bu...
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...eople of all classes could profit over this prospect. Thousands of families would be raised over the poverty line and businesses would see an increase of productivity and loyalty from workers all while helping to boost the economy; it’s a win-win for everyone. The federal minimum wage should be raised so as to improve the welfare of the entire country.
Works Cited
"Fair Pay for Women Requires Increasing the Minimum Wage and Tipped Minimum Wage." National Women's Law Center. N.p., n.d. Web. 07 Feb. 2014. .
Henderson, David R. "Raising the Minimum Wage Will Reduce Poverty." Opposing Viewpoints. N.p., n.d. Web. 5 Feb. 2014.
"Rebuilding an Economy That Works for All of Us." Facts. N.p., n.d. Web. 06 Feb. 2014. .
Poverty continues to grow in America. The average minimum wage in the United States is $7.35 an hour- far too low in today’s society. Key expenses, for example, gas and housing prices, have gone up significantly since the minimum wage was last changed in 2007 (Wagner 52). The laws creating the minimum wage were intended to improve the standard of living and decrease poverty. Raising minimum wage is a vital step in decreasing poverty and giving every family the opportunity to survive and succeed. Millions of hard-working Americans are below the poverty line and need an increase in pay. Minimum wage must be raised because it will diminish poverty and assist the working class to support their families.
The minimum wage was, as it should be, a living wage, for working men and women ... who are attempting to provide for their families, feed and clothe their children, heat their homes, [and] pay their mortgages. The cost-of-living inflation adjustment since 1981 would put the minimum wage at $4.79 today, instead of the $4.25 it will reach on April 1, 1991. That is a measure of how far we have failed the test of fairness to the working poor.” (Burkhauser 1)
Well, raising the minimum wage has both the pros and cons. Still, the fact that increasing the minimum wage nationwide would increase millions of workers’ earnings is deniable. I suppose that’s why some people advocate raising the minimum wage will grow the economy for everyone. In 2014, the president of the United States, Obama, called on the current Congress to raise the national minimum wage, which proves that Obama actually supports raising the minimum wage. ‘February 2014 Congressional Budget Office Report The Effects of a Minimum-Wage Increase on Employment and Family Income is the latest attempt to do so, in this response to Members of Congress with respect to an increase in the federal minimum wage from $7.25 to $10.10 per hour.’
Imagine working under poor conditions for over 40 hours a week to afford basic human necessities only to remain nothing more than a cog in a corporal machine seen unworthy of livable wages. While this may seem unrealistic, it proves as reality for many lower class Americans. Minimum wage has seen a drastic decline in relation to the inflation of living costs, an issue addressed in Lew Prince’s, “The American Dream Needs a Fair Minimum Wage”. In the article, Prince, a business owner, states, “... in 1979, the minimum wage was $2.90 -- that would be $9.50, adjusted for inflation in 2014 dollars”. Even with this information, many americans above the poverty level line argue against an increase in wages. Although opinions often
Many people against raising the minimum wage create arguments such as, “it will cause inflation”, or, “ it will result in job loss.” Not only are these arguments terribly untrue, they also cause a sense of panic towards the majority working-class. Since 1938, the federal minimum wage has been increased 22 times. For more than 75 years, real GDP per capita has consistently increased, even when the wage has been
The reality of wage differences between men and women is that above all changes women continue to earn less than men. Countless arguments have promoted that wage inequality has changed and that everyone finally receives an equal amount of pay. “For women of color, the gap is largest of all: In 2006, black and Hispanic women earned 86 and 87 cents on the white man’s dollar, respectively,” (Mcswane 2). If a woman is lucky enough she will get an equal pay compared to a man doing the same job. But it is challenging for a woman of a minority background to achieve this. Not only are women paid less because of their sex, but also because of their race. There seems to be a mentality that because someone is a woman and a minority that they cannot do the same job as men or that women do not have the same education as the men, so employers do not have to pay them the same. “When the numbers are broken down by district, they 're pretty hard to ignore. Women in Texas are being utterly screwed financially, according to the data compiled by AAWU, with women earning anywhere from 66 percent of what men do in some districts, to the top end of things, which is about 89 percent,” (Leicht 4). The proof cannot be ignored. It i...
The debate on the federal minimum wage is an ongoing issue. Both supporters and opponents to the minimum wage have valid arguments and multiple studies to defend their rationale. However, these studies and statistical reports may be concent...
Gitterman, Daniel P. “Remaking A Bargain: The Political Logic Of The Minimum Wage In The United States.” Poverty And Public Policy 5.1 (2013): 3-36. EconLit. Web. 24 Oct. 2013.
A federal minimum wage was first set in 1938. The first minimum wage was just 25 cents an hour in 1938. Can you imagine surviving off of 25 cents an hour? Now just over 70 years later the federal minimum wage is now 7.25. The question at hand is the federal minimum wage enough to meet the minimum requirement for a good, happy and healthy life? Some states and cities say no. While a select few states and cities have mirrored the federal minimum wage of 7.25, some states have placed their state or city/county minimum wage marginally higher than the federal minimum wage. So why would some states prefer to have a higher level than required by the federal minimum wage when some state have decided to match or even go below the federal minimum wage level. The answer to this question lies within each state city and county and how they perceive the cost of living in the presiding area. Minimum wage needs a makeover in America despite some of the negative effects that may come along with it. This paper will explore the reasons behind federal and state minimum wages and why some of them differ among states counties and cities across America.
Despite the manifestation of Rosie the Riveter propaganda and the continuous push to recruit women, they still were not granted equal pay for their services. This was true in the 1940’s and it’s still a relevant issue today. Then, it was rare for women to earn even slightly more than fifty cents to every man’s dollar. Now, the average woman earns anywhere from sixty to eighty percent of a man’s salary for the exact same job. Ranges vary depending on the specific career field. However, women of minorities remain stuck in injustice systematic trends. The pay rate for a female minority is still approximately fifty percent.
Currently, in the United States, the federal minimum wage has been $7.25 for the past six years; however, in 1938 when it first became a law, it was only $0.25. In the United States the federal minimum wage has been raised 22 times since 1938 by a significant amount due to changes in the economy. Minimum wage was created to help America in poverty and consumer power purchasing, but studies have shown that minimum wage increases do not reduce poverty. By increasing the minimum wage, it “will lift some families out of poverty, while other low-skilled workers may lose their jobs, which reduces their income and drops their families into poverty” (Wilson 4). When increasing minimum wage low-skilled, workers living in poor families,
Nowadays, most women remain unaware that their employers underpay them. Women cannot argue for higher wages if they do not know they earn less than their male equivalents. Each employee sharing their salary will allow women to detect if they are earning less than their male colleagues with little difficulty. This will give women the tools needed to argue for a higher pay rate, and will help lower the wage gap. If a female worker goes to her boss with statistical evidence that she earns less than her male associates, the chances that her boss will award her a higher salary significantly increase. The law will make it almost impossible for companies to pay their male workers more than their female workers (Glynn para. 7). Furthermore, a law requiring employees to share their salaries will bring to light other forms of wage discrimination. The wage gap not only represents gender discrimination in the workplace, it also reflects the ongoing issue of racial discrimination. While white women do typically earn less than white men, they out earn the majority of female colored workers in America. The average African American female makes only 64 cents for the white man’s dollar. Additionally, Hispanic women receive only 54 cents to their white male coworker’s dollar (Hegewisch para. 9). If women of color become aware of how little they earn compared to
It is very important to be concerned about the issue because it is constantly increasing throughout the United States. It upsets me that women are paid less than men because women have the same ability and work ethic as men do, but they are looked at differently. According to AAUW, women make 77 percent of what men make. This rate hasn’t changed since 2002 (Hill, 2013). Statistics show that women will never make as much as men due to the thought of never being comparable to men (Williams, 2013).
For many decades, women have faced inequalities in the workforce. At one point, they were not allowed to work at all. Although women's rights have improved and are now able to work alongside men, they are still treated unfairly. According to the 2012 U.S. Census, women’s earnings were “76.5 percent of men’s” (1). In 2012, men, on average, earned $47,398 and women earned only $35,791.
Despite government regulations to promote equality within the workplace, women’s salaries continue to lag behind males in similar career with similar experiences. According to research performed by Blau & Kahn (2007) “women salaries averaged about 60% of men’s until the 1970s and rose to nearly 80% by the 1990s” (as cited in Bendick, Jr. & Nunes, 2012, p.244). Today, women on average earn approximately $.81 for every dollar that men earn in the United States (Guy and Fenley P.41 2014).