There has been many reasons and issues as to raised the minimum wage that it should be raised. The minimum wage should be raised because increasing the wage, jobs will have better services for those employs cause it helps everyone pay debts, and although some workers may be laid off the taxes would be raising higher and people would have less government help.
Federal minimum wage that increase does better for the employment because it will provide better equipments for many employes that are working in the job, not only that but it also gives each employ the best support such as the security help in case if any accidents may happen within the job. which brings the people that are working have a better services that employees need help on either them that have families. As said on the book, How Can The Poor Be Helped (pg. 52) by Thomas Gale, it quote, “..at best living wage laws bring about modest benefits at a higher cost to businesses and taxpayers..”so in other words the better the wage the better it helps workers in there needs.
Today minimum wage is a very economic problem to this world wide as some people would rather pay a bit extra more because of the way or how much the people may work at the employment, though some want to be equally fair others think otherwise. It actually determined to the economy as a whole so we are talking lots of money to one single person to all working stations. The wage of the federal money is actually $9.80 per hour so no more high limits so said in the webset; http://www.epi.org (Pg.3). Minimum wage has money problems and as it goes from laying off workers, high incomes, better services, to high prices and less government help it boost the earning of working families hardest and hitting...
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...ng pay in low age will help restore the consumer spending that provers our economy and not to mention that local businesse need in order to grow. A robust minimum wage is a key building of sustainable economic recovery. As it states in http://www.minimumwage.org Mike states, ”because of the additional labor cost to businesses, raising the minimum wage can fact lead to companies simply to avoid giving raise” (pg.2) in other words, the people need and are working harder than most should get the raised that they need for thier family. However it has been strongly pushed to $10.. per hour and making it a priority during the second term.
Although minimum wage should be raised it could be a tough with the economy because of the high prices and very low government help but other than that it should be or those who put the efforts into the work that each person is in.
"Plain and simple, Congress must act to meet the needs of our constituents. We can do that by strengthening families and increasing the minimum wage."
The United States minimum wage is not indexed to inflation. Due to this fact, the purchasing power of minimum wage falls as the price of consumer goods increases. The current hourly minimum wage is set at $7.25, however many states do pay above this rate. One example of this is in Michigan, the current hourly minimum wage is $7.40. The last time a change occurred to raise minimum wage was in 2009. President Obama has put out a proposal that is designed to raise the federally required hourly minimum wage to $10.10 in 2015. The public opinion of this proposal is all over the board ranging from a positive outlook to a negative one. Some of the negative remarks are that it would dampen the economy and shrink the hiring done by small businesses. “The Household Survival Budget for the average New Jersey family of four is $58,500 and for a single adult is $25,368 in 2010. These numbers highl...
This article gives you a yes and no opinion on whether or not the F...
Raising the minimum wage to $15 an hour has been extensively debated over the last year or so. Minimum wage is the undermost wage allowed by law to be given to an employee for their services. Introduced in 1939, its purpose was to stabilize the economy, which was healing from the Great Depression. Most importantly, it was designed to protect the health and welling-being of employees. Currently, the Federal Government 's minimum is $7.25 per hour ($14,500 per year). The ones in favor of the increase are saying that it used to be a living wage; however, now it is not and it now needs to be line with changes to the cost of living. In addition, an increase in minimum wage can increase the productivity and decrease income inequality and poverty. On the other spectrum, the ones who are against the increase are saying that the increased labor cost will drive up unemployment, affect small businesses negatively, and cause other workers from different
"When we talk about the kind of folks whose lives will be made better by raising the minimum wage, we're not talking about a couple teenagers earning extra spending money to supplement their allowance. We're talking about providers and breadwinners. Working Americans with bills to pay and mouths to feed."
Minimum wage is a difficult number to decide on because it affects different income earning citizens in different ways. According to Principles of Microeconomics, by N. Gregory Mankiw, minimum wage is a law that establishes the lowest price for labor that and employer may pay (Mankiw 6-1b). Currently, the minimum wage in the United States is $7.25 per hour. For many years politicians and citizens have argued on what should be the minimum wage that would benefit the economy and society in general. A minimum wage was first established in 1938 to increase the standard of living of lower class workers. To discuss what is better for the country and its citizens, people have to understand what is a minimum wage and what are its effects.
Over the years the cost of living has been on the rise. Therefore, it is only right for minimum wage to increase as the cost of living increases. Many states and even some individual cities have taken the first steps toward raising the minimum wage. States like Washington and cities like San Francisco have already raised their minimum wage above the federal minimum wage. This is a very good start as it is becoming harder and harder for Americans to start and take care of their families. We need more states and cities to follow their lead some more Americans can feel more financially stable. This will make a better America for us all.
Some think that the minimum wage should not be raised, but others think that the minimum wage should be raised. If one had to be chosen, raising the minimum wage would be better. The minimum wage should be raised because if you were to work full time on minimum wage, you are below the poverty line; Also states that did raise the minimum wage above the federal standard have had more job growth than states that did not. Finally, "Minimum wage workers are much more likely to immediately go out and spend that extra money in the economy," says Heidi Shierholz of the Economic Policy Institute, which favors raising the minimum. "That's because they're often living paycheck to paycheck."
The minimum wage must be raised because the cost of living has gone up considerably. Education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years. Companies should be requied to pay workers what they deserve, and that is more than minimum wage is now. With our new technology and the technology in the future work is harder and more complicated. A minimum wage increase would raise the wages of many workers and increase benefits to those disadvantaged workers.
One way raising minimum wage will be beneficial is that it could lift many Americans out of poverty. Raising the minimum wage in Illinois, would help the families of more than 1.1 million workers who work to meet their children’s basic needs and “reduce the adverse effects of poverty on a child’s well-being” (Fiscal Policy Center). Studies have shown that raising the minimum wage would help 1 in 5 Illinois families who are in poverty. By raising the minimum wage in Illinois, it would help workers with families spend money on food, housing, gas, and other needs without going into poverty. Along with puling Americans out of poverty, raising the minimum wage could also stimulate economic growth. Raising the minimum wage, is stimulating economic growth by worsening the income inequality and substantially reducing the employee turnover for the business. Increasing a person’s income would raise their yearly earnings by $3,640 and “Improve the economic security and reduce the economies poverty rate” (Fiscal Policy Center). Low-wage workers spend most of what they earn on their basic needs, which is quickly spent and does not leave the worker with much money left to spend on other needs. This boost in the minimum wage will stimulate the economy and help create opportunities for more people, by hiring more workers to keep up with the
Minimum wage has been around for ages. Minimum wage employment was a temporary condition for people earning little payment until they moved on to a better paying job. These jobs helped build résumés, experiences, and skills for a better career. It has become the easiest way for people to receive easy pay. As years went on that idea began to demolish into a job that many families can get to survive and pay for their expenses. There have been many arguments going on, "Should minimum wage be raised or should it be lowered or eliminated altogether?" This action has its pros and cons. It can benefit many families as living cost has gone up, price for education is rising, and college students are in huge debts. It may increase poverty, but those
Since its inception, the minimum wage has been a hotbed for debate. If today’s leaders could manage to increase minimum wage, millions of families would benefit.
Minimum wage was established by President Franklin D. Roosevelt in 1938 when congress passed The Fair Labor Standards Act of 1938. He intended to help the low skill factor workers from being over worked and under paid. A country founded on capitalism, created a safety net to keep the able and willing from bottoming out. Fast-forward to the 21st century where an abundance of jobs exists, legal and illegal. Minimum wage today is used to give even the lowest of the willing and able a job that isn’t illegal. Most peer reviewed, unbiased, data (even from proponents of increasing minimum wage) suggests that a loss in jobs is inevitable. Research from Dr. Steve H. Hanke while at Johns Hopkins University had a scope of 21 different European Union countries and their respective unemployment rates versus the countries’ minimum wage laws. He found that, “the 21 European Union (EU) countries that have a minimum wage and found they had an average unemployment rate of 11.8%, about a third higher than the 7.9% average unemployment rate in the seven EU countries that have no minimum wage” which reveals an unsettling reality of minimum wage (Hanke, Cato.org). Moreover, the reality of living in a set minimum wage society is the importance of teaching our youth budgetary responsibilities. Responsibilities like saving for important things, the difference between want and need, and
In the 2014 State of the Union address, President Obama called on Congress to raise the national minimum wage from $7.25 to $10.10 an hour, and soon after signed an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts. An increase in the minimum wage has been a topic of discussion for many years now, and it looks like this year will finally see the first increase of minimum wage in 10 years. Not everyone agrees that there should be an increase, but many states have already raised their minimum wage rates because of the federal government’s inaction. Iowa raised the state’s wage, and it will rise again in 2016. Clearly there are benefits to a higher minimum wage; the current minimum wage in the United States should be raised because it helps the economy by increasing employment, and it is now at the lowest value it has been in more than 50 years, causing hardship for earners of minimum wage.
Minimum wage has been a topic that has divided our nation for a while now. Some say there should be an increase in the minimum wage while others say the should not be. In my Argument today, I will be in support for the raising of the minimum wage. If the minimum wage is to be increased, it will provide low-income family with money to spend. Furthermore, the more people spend, the better the economy so raising the minimum wage will boost our economy. And finally, raising the minimum wage will reduce the gab between the rich and the poor, which is also an issue in our nation.