Search Results

Free Essays
Good Essays
Better Essays
Stronger Essays
Powerful Essays
Term Papers
Research Papers

Your search returned over 400 essays for "Minimum Wage"
1  2  3  4  5    Next >>

These results are sorted by most relevant first (ranked search). You may also sort these by color rating or essay length.

Title Length Color Rating  
The Benefits Of Raising The Minimum Wage - 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....   [tags: Minimum Wage Essays]
:: 7 Works Cited
698 words
(2 pages)
Better Essays [preview]
The Minimum Wage Must Be Raised - "Los Angeles lawmakers Tuesday voted to boost the minimum wage to $15 an hour by 2020, the largest city to try to help its lowest-paid workers survive amid the nation's growing income inequality." -- Michael Winter, USA TODAY May 19, 2015 Understanding the potential of an increase in today’s minimum wage is the key to understanding the above statement. As a financial mechanism in American society, the minimum wage has helped to sustain generations of workers. Yet, there are two sides to the debate over minimum wage increases....   [tags: Increase Minimum Wage Essays]
:: 9 Works Cited
2989 words
(8.5 pages)
Term Papers [preview]
The Minimum Wage Must Be Increased - "No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty." -- Jon Corzine Many people can think back and remember what it was like to put in an application for that first job and be presented with a position. Taking that position represents adulthood and is a very exciting time for a young person. All first jobs usually start with a minimum wage. Minimum wage is the minimum an employer has to pay an unskilled worker based on the regulations set forth by the Fair Labor Standards Act (FLSA) that was originally established in 1938....   [tags: Federal Minimum Wage]
:: 4 Works Cited
1581 words
(4.5 pages)
Powerful Essays [preview]
The Minimum Wage Should Be Increased - Congress enacted the federal minimum wage in 1938, during the Great Depression. Congress had two goals; keeping workers away from poverty and boosting consumer spending for economic recovery. Today, there is a debate, whether we should increase the minimum wage again. Increasing the minimum wage is useful for several reasons. First, the current minimum wage has failed to keep up with inflation. Second, a higher income level reduces employee turnover and increases efficiency and ultimately, raising the minimum wage does not reduce employment....   [tags: Minimum Wage Essays]
:: 8 Works Cited
1042 words
(3 pages)
Good Essays [preview]
The Minimum Wage Must Be Raised - "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." -- Paul Tonko 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....   [tags: Increase Minimum Wage]
:: 4 Works Cited
2107 words
(6 pages)
Strong Essays [preview]
The Minimum Wage Must Be Raised - The life of many Americans is one day on repeat. We wake up, prepare for our day, and then head off to our jobs that never seem to pay enough for our living needs. No matter how hard the average worker works, he/she can’t seem to make ends meet. Why is this. It would be logical that these hard working Americans that spend day after day at their job would be thriving; however, in most cases, it is the opposite. Despite the amount of time and effort that goes into a daily job, these workers are making minimum wage and are fighting to survive in the current economic state....   [tags: Increase Minimum Wage Essays]
:: 10 Works Cited
1716 words
(4.9 pages)
Powerful Essays [preview]
The Minimum Wage Should Be Eliminated - "The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years." -- John Raese In the United States, the federal government maintains a national minimum wage to protect the purchasing power of ordinary workers. It seems good that the government protects your purchasing power by adjusting the minimum wage with respect to the inflation rate. Its economic side effects are so obvious that make this policy a bad one because it creates more unemployment, makes employers cut fringe benefits and is inefficient....   [tags: Minimum Wage, A Bad Policy]
:: 3 Works Cited
704 words
(2 pages)
Better Essays [preview]
The Minimum Wage Should be Raised - Minimum wages go all the way back to 1938, during the great depression, when the stock market crash and bank loan were failing. Families need income of some type, were they wanted to make it fair were individual could get pay the same without a college degree. I am going to start off with a little about minimum wages history and how this could help our Economic. In 1892 Federal Government adopt an 8 hour workday and other wages standard for employee. In 1903 Congress create the U.S. Department of Commerce and Labor....   [tags: Increase Minimum Wage Essays]
:: 4 Works Cited
1373 words
(3.9 pages)
Good Essays [preview]
Article Rebuttal: Minimum Wage - Article Rebuttal: Minimum Wage Over the years there has been much debate about raising the federal minimum wage. Some states have taken it upon themselves to set higher minimum wages than the federal minimum wage, because of the lack of action by congress. The supporters of the raising of the federal minimum wage have been more vocal lately. This is especially true since studies have shown, that the gap has grown between the wealthier population, and the middle class. Recently President Obama, because of the lack of effort and action by congress, has used executive action to implement the raising of the federal minimum wage to $10.10 an hour for new federal contracts, effective 2015....   [tags: Federal Minimum Wage, Finance]
:: 6 Works Cited
1190 words
(3.4 pages)
Strong Essays [preview]
We Should NOT Raise the Minimum Wage - What would be so bad about raising minimum wage. Before other states jump on the $15 minimum-wage bandwagon, they might want to look at what's happening in Massachusetts — one of two states with a $10-an-hour minimum wage. Massachusetts increased the minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016. The state is now mired in its longest stretch of net job losses since the recession in both the retail and the leisure and hospitality sectors, Labor Department data show....   [tags: Minimum Wage Essays]
:: 4 Works Cited
1177 words
(3.4 pages)
Strong Essays [preview]
The Negative Effects of Raising the Minimum Wage - "If we took away the minimum wage, we could wipe out unemployment completely because we would be able to offer jobs at every possible skill level." -- Michele Bachmann Proponents of raising the minimum wage claim that if the minimum wage was raised, then many economic and social problems would be alleviated. This contention is at odds both with economic principles and years of creditable research. The effect of raising or even having a minimum wage has been studied extensively and the majority of studies have proven that raising a minimum wage does not have the desired effect....   [tags: Minimum Wage Increases Unemployment]
:: 7 Works Cited
1563 words
(4.5 pages)
Powerful Essays [preview]
A Minimum Wage Increase Will Stimulate the Economy - President Franklin Roosevelt endorsed the federal minimum wage law in 1938 while the Great Depression was at its utmost insolvent position. Because at this point in time the economy was at its lowest, the sole purpose for its enactment was to keep the majority of Americans out of poverty and increase consumer demand. Following the 1960’s, the minimum wage has had a very gradual increase to the point where it is now at a standby. At this moment with a recession occurring, minimum wages have not brought any benefits to those working for such a limited pay....   [tags: Minimum Wage Essays]
:: 4 Works Cited
1329 words
(3.8 pages)
Strong Essays [preview]
We Must Raise the Minimum Wage - Minimum wage is the lowest wage an employer can pay their employees. There is a Federal minimum wage and in some cases a State Minimum wage. The current Federal minimum wage is $7.25. An employee who makes $7.25 an hour and works 40 hours a week, will earn about $14,000 per year. The Federal government deemed that the poverty line is anyone who makes less than $17,000 a year (“Federal Minimum”). Therefore anyone that makes minimum wage lives below the poverty line. As president Obama said in his state of address, "In the wealthiest nation on earth, no one who works full-time should have to live in poverty” (“Federal Minimum”)....   [tags: Increase Minimum Wage Essays]
:: 4 Works Cited
1609 words
(4.6 pages)
Good Essays [preview]
The Debate over Raising the Minimum Wage - The federal minimum wage was raised to $7.25 an hour by Congress in 2009, something that has been carried out only a handful of times since the establishment of the wage in the Fair Labor Standards Act in 1938. Even with this modest rise in income, the minimum wage today does not provide for a decent standard of living. It has failed to keep pace with the wage growth of an average American worker. The minimum wage was intended provide a minimum standard of living; to aid in alleviating poverty and reward one for their work, however, in today’s economy, it fails to live up to these modest goal....   [tags: Minimum Wage Essays]
:: 17 Works Cited
1487 words
(4.2 pages)
Powerful Essays [preview]
We Should NOT Increase the Minimum Wage - I could be easily replaced by someone tomorrow for less money.” What a sober statement, one you do not hear everyday. I heard this statement from a co-worker, he has been with the grocery store twenty plus years. His remark caused me to formulate many questions on the ethics of business. Like how the decisions businessmen make affect the average worker's ability to support themselves. How do we make a living. Through working,but is that work enjoyable for us. Many of us have thought about what our purpose is in working....   [tags: Con Minimum Wage Essays]
:: 6 Works Cited
1758 words
(5 pages)
Strong Essays [preview]
The Benefits of Raising the Federal Minimum Wage - Picture this: You are a single parent of two, you work 40 hours a week plus occasional overtime at a minimum wage paying job, you struggle to put food on the table to feed your family, and then you receive a call from the bank saying that your home is being foreclosed. This is the situation faced by thousands of Americans every year due to low income and wealth inequality. The federal minimum wage (FMW) as of April 2014 is $7.25, which is not enough to keep a family of two above the poverty line....   [tags: Pro Minimum Wage Essays]
:: 12 Works Cited
1320 words
(3.8 pages)
Strong Essays [preview]
Congress Should NOT Raise Minimum Wage - Before other states jump on the $15 minimum-wage bandwagon, they might want to look at what's happening in Massachusetts — one of two states with a $10-an-hour minimum wage. Massachusetts increased the minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016. The state is now mired in its longest stretch of net job losses since the recession, Labor Department data show. Minimum wage is the assured lowest amount of pay per hour that an employee can receive and it’s purpose is to make certain that employers are paying their workers fairly....   [tags: Minimum Wage Essays]
:: 5 Works Cited
650 words
(1.9 pages)
Better Essays [preview]
We Should NOT Raise the Minimum Wage - In the past year, many protests occurred by members of the lower rungs of the fast food industry for the current minimum wage to go up from seven dollars and twenty-five cents to fifteen dollars an hour. This idea is ludicrous and these individuals should not be allowed to succeed in their endeavor. They are not doing enough work to earn such a sum, there are other options in occupations that pay higher, and there are people that have jobs that actually work to earn their money that make fifteen dollars or less, unlike these people who do nothing but flip burger patties and ask if the customer wants fries....   [tags: Minimum Wage Essays] 546 words
(1.6 pages)
Better Essays [preview]
We Should Abolish The Minimum Wage - My chosen topic is minimum wages increasing in the United States. This topic came from the idea from the news. It was brought up in the discussion. This topic was interesting because I work at a retail store in New Jersey. The wages in New Jersey are seven dollars and twenty five cents. In 2014 it will be a dollar up so it is going to be tough because prices will rise. This topic affects me because now I worked as a minimum wage worker so I get pay by an hour. If the wages rise then something will decrease and increase....   [tags: Minimum Wage Essays] 712 words
(2 pages)
Good Essays [preview]
America Needs a Variable Minimum Wage - Minimum wage is the least amount of money that an employer is legally required to pay an employee. It is something that all people in the American workforce know about. It was made to prevent the employer from taking advantage of employees. It is what creates the bare minimum standard of living for the 73.9 million hourly wage workers in the United States. However, there are many different jobs with varying amount of skills that are needed for those jobs. This is where the problem arises because a worker may still be under paid for the job that they do....   [tags: Minimum Wage Essays]
:: 5 Works Cited
1465 words
(4.2 pages)
Better Essays [preview]
The Federal Minimum Wage - The selling point that has brought people to the United States for centuries is the American dream: Prosperity, Luxury, Opportunity, and so on. Unfortunately for many, this dream has been squandered by the receding economy of an indebted country. As inflation runs rampant, the value of the U.S. dollar decreases, lowering the value of household and business incomes. This economic recession has led many, especially those who only earn the minimum wage, to poverty. According to the United States Department of Labor, “The federal minimum wage is $7.25 per hour” (“Wage and Hour Division”)....   [tags: deparment of labor, raising the minimum wage]
:: 5 Works Cited
1029 words
(2.9 pages)
Strong Essays [preview]
Do Minimum Wage Laws Increase Unemployment? - The current minimum wage, as set by federal law, is less than $15 per hour. Is this enough for any person to provide for themselves and their family. Laborers earning the minimum wage don't seem to think so and are wanting an increase in the required minimum wage so they will be paid more by their employers. The Bureau of Labor Statistics reported in 2015 that 3.6 million workers earned below or at the minimum wage ("Minimum Wage Workers"). At first it sounds wonderful for minimum wage workers to earn extra money and be able to make a better living, but what impact does an increase to the federal minimum wage have on the economy....   [tags: Minimum Wage Laws]
:: 4 Works Cited
1192 words
(3.4 pages)
Better Essays [preview]
New York Must Increase the Minimum Wage - Living in Bushwick commuting to school four days a week to Coney Island, and going to work four days a week at Rite Aid in Sunnyside, Queens, is more overwhelming than what it sounds. Working overnight from Monday to Friday, earning minimum wage and being taxed on top of that isn’t enough due to prices of gas, food, and necessities sky-rocketing. The job pays $7.25 per hour but I make a $0.75 differential for working the night shift. It’s difficult to be a student and work when you only have yourself as a form of financial support....   [tags: Minimum Wage Essays] 2106 words
(6 pages)
Good Essays [preview]
The Minimum Wage - "The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years." -- John Raese For many years it has been a matter of conventional wisdom among economists that the minimum wage causes fewer jobs to exist than would be the case without it. This is simply a matter of price theory, taught in every economics textbook, requiring no elaborate analysis to justify....   [tags: Minimum Wage Research Paper]
:: 9 Works Cited
3664 words
(10.5 pages)
Powerful Essays [preview]
The Pros and Cons of Minimum Wage - Increasing the minimum wage may help hard working families make ends meat. The first federal minimum wage in 1938. Started at $.25 an hour. In 1968 it reached its peak value. Since then the value has fallen thirty percent, so that today’s minimum wage of $5.15 is equal to $4.18 which is equivalent to the value in 1995 (women, 4). Some states have decided to raise the minimum wage above $5.15 an hour even though the senate ultimately sets the minimum wage. There was a push to raise the minimum wage two dollars in the next two years....   [tags: Minimum Wage Essays] 1280 words
(3.7 pages)
Better Essays [preview]
The Pros and Cons of Minimum Wage - It sounds simple raise the minimum wage, reward hard work, and strike a blow against the society's inequalities. It's an emotional argument that blurs out the truth and make's people forget one important economic lesson: There's no such thing as a free lunch. The minimum wage has not been increased since the industrial welfare commission raised it to $4.25 an hour. The IWC and the legislature have not agreed since that time that any additional increase is justified because of California's recession and the downward turn in the business climate....   [tags: Minimum Wage Essays] 854 words
(2.4 pages)
Strong Essays [preview]
The Minimum Wage Should Not Be Abolished - The Minimum Wage Should Not Be Abolished Should We Abolish the Minimum Wage is not a question that should be ignore. From the time President Roosevelt signed the Fair Labor Standards Act (FLSA) in 1938 the $.25 minimum wage has rose up to its current condition to $5.15 an hour. (Industrial and Labor Relations Review) With many types of conflict that imposed upon it the minimum wage has been a debate ever since it has been in effect. In recent months Congress and the Senate has attempted to pass the minimum wage from $5.15 to $6.15 per hour....   [tags: Minimum Wage Essays] 847 words
(2.4 pages)
Strong Essays [preview]
The Minimum Wage Should Not Be Increased - Although many Americans believe an increase in the minimum wage is always a positive step for the federal government to take, the most recent wage hike could result in some harmful effects. One group potentially hurt by the increased minimum wage is teen-aged workers. Four hundred and eighty thousand teen jobs have been lost due to Congress putting the wage hike into place in 2007 (New Ad Campaign). In 2008, the months June through August, only 32.7 percent of teens had jobs. This is down from 45 percent in June through August 2000, stated by the U.S....   [tags: Minimum Wage Essays] 433 words
(1.2 pages)
Strong Essays [preview]
Should the Minimum Wage Be Increased? - If you have ever worked for minimum wage, I am sure you have felt as if your time was worthless. After taxes you brought home next to nothing, no matter how often you worked. That's at least how I felt when I worked for minimum wage. In high school I had nothing to pay for but a cell phone. I worked for minimum wage and it seemed like I barely could afford it. I had basically no bills and I worked around twenty hours a week, and it seemed like I couldn't save any money. I always wondered how my coworkers, who were adults, who had real things to pay for pulled it off....   [tags: Minimum Wage Essays]
:: 5 Works Cited
1588 words
(4.5 pages)
Powerful Essays [preview]
The Minimum Wage Must be Raised - "Raising the minimum wage will benefit about 28 million workers across the country. And it will help businesses, too - raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities." -- President Obama 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....   [tags: Increase Minimum Wage Essays] 961 words
(2.7 pages)
Strong Essays [preview]
The Minimum Wage Must Be Raised - "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." -- Thomas Perez How much money do we really need. I’m going to law school and according to all the statistics I’ve seen, lawyers can make a lot of money. My goal is to make as much money as I can and live as well as possible....   [tags: Increase Minimum Wage]
:: 2 Works Cited
1033 words
(3 pages)
Strong Essays [preview]
The Politics of Minimum Wage Laws - "We cannot legislate prosperity. When we increase minimum wages by legislative fiat, we kill jobs. Government creates nothing but what it has first taken away." -- President Lyndon B. Johnson Many investigations have been made in an attempt to understand how politics is involved in determining the minimum wage rate. These studies indicate that due to the complex American political system, which distributes power to different levels of government, different variables will exert pressures on the various governing bodies in the United States....   [tags: Minimum Wage Essays] 509 words
(1.5 pages)
Strong Essays [preview]
The Effects Of Higher Minimum Wage - The Effects of a Higher Minimum Wage When I was eleven years old my parents told me that they could not afford to buy me new school clothes that year. So, in my desperation for some new school clothes I started working. I did odd jobs on farms for family and friends, as well as babysitting. I worked that whole summer of my 6th grade year, and I continued to work every summer up until my senior year in high school when I started to work full-time. I started helping pay my parents rent when I was thirteen and bought most of my own food as a young adult....   [tags: Minimum Wage Essays] 1971 words
(5.6 pages)
Powerful Essays [preview]
The Minimum Wage Should Not Be Increased - “An increase in the minimum wage will boost income for the poorest workers without the danger of creating more unemployment.”, stated President Obama in September 2014. Is this statement about an increase in minimum wage really true. There are two sides to the debate about minimum wage. The minimum wage is a major issue in the world of economics and politics. Political figures often prey on the public’s general ignorance of economics and promise to increase the minimum wage. Economists, on the other hand, view the long term effects and see the damage it can cause....   [tags: Argumentative Essay, Minimum Wage Essays] 476 words
(1.4 pages)
Strong Essays [preview]
Minimum Wage Isn't A Living Wage - Reasons for Minimum Wage Worker’s Tough Lives In 1938, federal minimum wage legislation became effective for the first time when the Fair Labor Standards Act passed (Sidey 573). After sixty-seven years, today, the minimum wage, which was originally set to make sure that working people could support themselves and their family, increased twenty times (Sidey 573). Nevertheless, the low-wage workers have never gotten rid of the hardship in their lives. Two main reasons cause the current situation....   [tags: Minimum Wage Essays]
:: 14 Works Cited
1689 words
(4.8 pages)
Strong Essays [preview]
The Minimum Wage Must Be Increased - “Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” –President Obama, State of the Union address, Jan. 20, 2014 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....   [tags: Argumentative Essay, Minimum Wage Essays]
:: 5 Works Cited
1491 words
(4.3 pages)
Strong Essays [preview]
The Minimum Wage Should Be Increased - 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. A person working at minimum wage will only make about $10,700 a year. When rent, groceries, bills and gas are all added up, it appears to be a nearly impossible task to keep a family afloat. But working 40 hours a week at $5.15 an hour, one makes less than $206 a week after taxes. Making $206/week, one brings home about $824/month. Adding 17 gallons of gas at $2.20 a gallon in a car; the cost ends up to be about $38 a week, $152/month....   [tags: Argumentative Essay, Minimum Wage Essays]
:: 9 Works Cited
1846 words
(5.3 pages)
Strong Essays [preview]
America Must Increase the Minimum Wage - "No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty." -- Jon Corzine It is not shocking to hear that tens of millions of Americans are living in poverty. Startling statistics about the poor are constantly being tossed around on television with images of run-down neighborhoods and malnourished children. The real surprise, however, is that millions of those in poverty are full-time, minimum wage earning workers. Many say one should feel morally obligated to help these people....   [tags: Minimum Wage Essays]
:: 7 Works Cited
2574 words
(7.4 pages)
Research Papers [preview]
America Must Increase the Minimum Wage - "Things like child care and sick leave and equal pay. Things like lower mortgage premiums and a higher minimum wage. These ideas will make a meaningful difference in the lives of millions of families. That is a fact. And that's what all of us — Republicans and Democrats alike — were sent to Washington to do..." -- President Obama, State of the Union address In the United States Minimum Wage is approaching record lows. Even with recent increases inflation is one of the main reasons that workers are being paid less for labor than they were back in the Seventies....   [tags: Increase Minimum Wage Essays] 577 words
(1.6 pages)
Strong Essays [preview]
Raising Minimum Wage Increases Unemployment - “Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” -–President Obama, State of the Union address, Jan. 20, 2015 President Barack Obama is renewing his call to raise the minimum wage to $10.10. During a speech at a manufacturing plant, President Obama proclaimed, "We should be raising the minimum wage to make sure that more workers who have been working full-time shouldn't be living in poverty..."....   [tags: Minimum Wage Essays]
:: 8 Works Cited
1430 words
(4.1 pages)
Powerful Essays [preview]
Minimum Wage Legislation - Minimum Wage Legislation I am going to pose the question to you the students of Sir Sandford Fleming College, do you really want the minimum wage legislation left in affect. As college students you are not benefiting or gaining anything from minimum wage legislation. The minimum wage legislation requires all employees to be paid at least some fixed given dollar amount per hour. This sounds good, but it isn't all that it seems. Minimum wage is an example of government intervention. The government has put a minimum on the dollar amount that employers can pay their employees....   [tags: Minimum Wage Essays] 945 words
(2.7 pages)
Good Essays [preview]
Minimum Wage Legislation - Table of Contents Ch. Section Page Introduction 3 1 Economic efficiency of minimum wages 3 - 4 2 The effect on unemployment 4 3 The effect on use and cost of capital in production 4 4 The effect on cost of production and inflation 4 5 The effect on productivity 4 6 The effect on international competitiveness 4 7 The consequence for long-term sustainable economic growth and stability 4 - 5 8 The social consequence 5 9 Wage discrimination 5 10 Suggestions on dealing with unemployment 5 11 Literature consulted 5 Introduction Minimum wage legislation was introduced in other countries as far back as 1894 in New Zealand followed by Australia in 1896, United Kingdom in 1909 and North America in...   [tags: Minimum Wage Essays] 1069 words
(3.1 pages)
Strong Essays [preview]
Put An End To Poverty, Increase The Minimum Wage - It is not shocking to hear that tens of millions of Americans are living in poverty. Startling statistics about the poor are constantly being tossed around on television with images of run-down neighborhoods and malnourished children. The real surprise, however, is that millions of those in poverty are full-time, minimum wage earning workers. Many say one should feel morally obligated to help these people. President Barack Obama said it best in his February 2013 State of the Union address, “Let’s declare that in the wealthiest nation on earth, no one who works full time should have to live in poverty” (Lowrey n.p.)....   [tags: Minimum Wage Essays, 2014]
:: 7 Works Cited
2549 words
(7.3 pages)
Research Papers [preview]
Increasing the Minimum Wage Will Reduce Income Inequality - "No person can maximize the American Dream on the minimum wage." -- Benjamin Todd Jealous "No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty." -- Jon Corzine Income inequality has been a major problem facing American society for decades, but has recently become a major concern. I personally believe the major gap between the income of the rich and poor is a not just, but is not a major concern for the government and society....   [tags: Minimum Wage Essays]
:: 4 Works Cited
1248 words
(3.6 pages)
Strong Essays [preview]
The Minimum Wage and Social Security are Bad for America - "A close examination of America's unemployment rates suggests that minimum wage laws deserve a big share of the blame. Businesses are not charities, they only create jobs when they think a worker will generate net revenue. Higher minimum wages are especially destructive for people with poor work skills and limited work experience." -- Dan Mitchell, senior fellow, Cato Institute. In Henry Hazlitt’s book Economics in One Lesson, he explains some basic differences in which a good economist is separated from a bad economist....   [tags: Minimum Wage Essays]
:: 4 Works Cited
801 words
(2.3 pages)
Strong Essays [preview]
The Minimum Wage For Restaurant Workers Must Be Raised - "It is but equity...that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed and lodged." -- Adam Smith, The Wealth of Nations, 1776 The restaurant server is one of the most popular jobs in the country and according to the National Restaurant Association, currently, 1 in 12 Americans work in the restaurant industry and about 50 percent of all adults have worked in the industry at some point during their lives....   [tags: Argumentative Essay, Minimum Wage Essays]
:: 8 Works Cited
1063 words
(3 pages)
Better Essays [preview]
Effects of Increasing Minimum Wage - The idea of having a federal minimum wage is a good one. The idea is to protect low and unskilled workers from discrimination and allow all workers to earn a living wage. The recent debate on the floor, though, is whether or not to raise the minimum wage from the current $7.25 per hour up to $10.10 per hour. President Barack Obama made this proposal during his annual State of the Union Address on January 28, and following this there were many hot debates about it. The debates focused not only on the advantages and the disadvantages of increasing the minimum wage, but also the alternatives to increasing it....   [tags: federal minimun wage, unskilled workers, wage]
:: 4 Works Cited
987 words
(2.8 pages)
Better Essays [preview]
Minimum Wage in Countries - ... In January 1, 2012, California’s minimum wage was set as eight dollar per hour. President Obama wants to raise the minimum wage to a dollar more which is a bad idea for the economy, decreasing the minimum wage will be benefit the economy. “The efforts, while supported by many unions, threaten to create a patchwork of wage rates that could mean workers in some areas will be entitled to vastly less than those working similar jobs nearby.” (Mike DeBonis and Reid Wilson, November 28) The minimum wage is not planned to be what a family should live on but what people recently entering the job market should start at....   [tags: lowest wage permitted, employee, government] 766 words
(2.2 pages)
Research Papers [preview]
A Higher Minimum Wage May Help Workers - With President Franklin Roosevelt’s cries for “A fair day’s pay for a fair day’s work,” the Fair Labor Standards Act established minimum wage in 1938 (Grossman). Overtime, the minimum wage has been raised in order to account for inflation (BLS 14). However, what the overall economic impact of raising the wage will be is once again a daunting and extensive question. The controversy over raising the minimum wage seems to come from often conflicting economic opinions. While raising the minimum wage is done with good intentions, critics argue that a higher minimum wage will harm those it is actually trying to help....   [tags: politics, minimun wage]
:: 15 Works Cited
1260 words
(3.6 pages)
Strong Essays [preview]
The Effects of a Minimum Wage Law - ... The first minimum wage law in the United States was used in Massachusetts in 1912 for protecting females and young workers. After that, the minimum wage law has used in many states before the United States created a National Minimum Wage Board in 1928 to manage the general minimum wage law for the whole country. The minimum wage law in the United States increased in every few year. The minimum wage has become a hot issue in America again after President Obama tried to pass Minimum Wage Fairness Act (S....   [tags: New Zealand economic policies] 648 words
(1.9 pages)
Research Papers [preview]
The Importance of Increasing the Minimum Wage - ... While the real value of the minimum wage decreased its value by 33%, the executives of the places that employ people for minimum wage earn at least 15 million dollars a year, some make 63 thousand dollars an hour which is ten thousand dollars more than the average annual income (Nader 1). On top of cheating wages, congress chooses to only address inflation when it comes to their own salary. Congress increases their salaries annually along with inflation but leave minimum wage the same(Nader 1)....   [tags: Inflation, Government, Economy] 618 words
(1.8 pages)
Better Essays [preview]
Advantages and Disadvantages of a Minimum Wage - ... This is one of the reasons that labor unions came into existence. In theory, if companies could pay low wages, most probably would. The minimum wage provides a fair starting wage that should be paid to all workers regardless of skill. The last benefit of the minimum wage is that it requires companies to share the wealth with employees. Without front line employees, most companies wouldn’t be able to produce their goods or services. Do executives really need that multi-million dollar bonus for another yacht or vacation home....   [tags: Salary, Jobs] 523 words
(1.5 pages)
Research Papers [preview]
Issue of Raising the Minimum Wage - ... Many students and part-timers are willing to make less than minimum wage, especially if they do not have to support themselves and just do it for fun or extra income. Having a paying job as a teenager demonstrates morals like responsibility and teaches younger workers how to work with money and communicate with other people. Therefore, maximizing the number of young people that work is important, even if for very small wages. This leads to teaching young workers that in order to get higher wages; they must have higher education and higher job skills....   [tags: salary, jobs, employees] 1520 words
(4.3 pages)
Better Essays [preview]
Minimum Wage and the American Dream - Living in a nice home, a good neighborhood, and having nice cars is what most people think of as part of the American Dream. How are you supposed to get there though. Unless you're going to win the lottery you’re going to have to work in some form. Achieving the American Dream while earning minimum wage may take a person longer but it is still attainable. Through higher education or hard work individuals can achieve a higher standard of living. What is minimum wage. Minimum wage is the lowest hourly rate (dollars per hour) that employers can pay their employees....   [tags: Unemployment, Poverty]
:: 4 Works Cited
1247 words
(3.6 pages)
Strong Essays [preview]
Should The Minimum Wage Be Raised? - Should the minimum wage increased to $10.10 an hour. This has increased over the years and everyone has their opinions. Those who are in favor of increasing minimum wage to $10.10 believe that more money will decrease poverty and the unemployment rate. Those who oppose the increase in the minimum wage, believe that it should not be increased and should stay the same, because it will cause businesses to close up because they are not making enough money to survive in the economy An increase in minimum wage would have to make the employees work harder to make increase sales of the business....   [tags: poverty, unemployment]
:: 13 Works Cited
1222 words
(3.5 pages)
Strong Essays [preview]
Benefits of Raising the Minimum Wage - ... Raising the pay of one’s workers is proven to increase productivity in the workplace: Worker productivity increased 104% while the minimum wage rose 101% between 1947 and 1973 (Henderson). Common sense also plays a role here. If you were being paid a penny an hour when you really deserve a quarter an hour, would you work your hardest. Would you begin your work enthusiastically at full-throttle. No, you wouldn’t, and the second you saw a better opportunity at another place of employment, you would jump to it....   [tags: poverty, economy, loyalty]
:: 3 Works Cited
608 words
(1.7 pages)
Better Essays [preview]
Should The Minimum Wage Be Increased? - ... The total revenue for this business yearly is about 1,825,000. It employs 50 employers at 8 dollars an hour each 1900 hours a year, making labor costs 820,000. (If the minimum wage is increased to 10 dollars per hour, labor costs would increase to 950,000.) Assume over-head charges (licenses, utilities, materials rent etc...) cost 700,000. Calculated, these costs leave a profit of 305,000$ for the owner. Increasing the minimum wage will have a negative impact on either the consumer, business, or the owner themselves....   [tags: stimulating the economy, standard of living] 1162 words
(3.3 pages)
Research Papers [preview]
The Increasing of the Minimum Wage - It has been said that we live in an era where people are looking for more increasing on everything, and they look for the increasing every single day. One of the most political issues that are noticeable in 2014 is the idea of the increasing of minimum wage. An article that was written by a group of journalists in the Governing the State and Localities discusses this issue. They say that President Obama talked about increasing the minimum wage. The minimum wage is 7.5, and he wants to increase this number to be around 9 dollars....   [tags: political issues, money]
:: 1 Works Cited
1128 words
(3.2 pages)
Strong Essays [preview]
Should The Minimum Wage Be Increased? - As of February 2014, there are approximately 155 million civilians in the United States work force [1]. Even with a minimum wage established by the federal government, working class civilians that work under the federal minimum wage of $7.25 are struggling with day to day life, including mortgage payments, food payments, and children. President Barack Obama addressed the many individuals and their families working full time under the federal minimum wage in the poverty level during his annual 2014 State of the Union Speech....   [tags: unemployment, poverty, working class]
:: 9 Works Cited
1461 words
(4.2 pages)
Powerful Essays [preview]
Should the Minimum Wage be Raised? - ... Hard not to lose the job also hard not to get paid enough but an economy is an economy and it should all be equal. As the minimum wage raises to a good value the big issues are as impacted with the people. Many of the workers that are unskilled or undergradute may be laid off and that a big issue many people have because they need the support to provide for their families. Minimum wage also leads to the education which students that do want to go to college can’t really afford it because of the cost and also the united states will give the people less gov....   [tags: debt, employment, economy] 1012 words
(2.9 pages)
Better Essays [preview]
Minimum Wage in the United States - Introduction WASHINGTON D.C. President Barack Obama has shouted on Congress to raise the combined minimum wage, the centerpiece proposition at the State of the Coalition address that concentrated on commercial inequality in America. Pointing out that the present minimum of $7.25 is nearly 20% lower in real paying manipulation than it was 25 years ago, he impelled legislators to prop a bill that should hold the nationwide rate to $10.10. We additionally have to do extra to safeguard our economy distinctions the dignity of work and that hard work pays off for all of our citizens....   [tags: socioeconomics, politics,]
:: 3 Works Cited
1231 words
(3.5 pages)
Strong Essays [preview]
Mistake in Raising the Minimum Wage - Would raising the minimum wage actually help the American economy. Some people believe it would take people out of poverty. Others think that it will make it easier for people to supply for their families. Many believe that it should have been raised with the price of inflation over the years. While any of these reasons might be true, there are still many consequences that could take action if minimum wage is raised. Most Republicans are completely against the idea of raising it while President Obama would like to raise it from $7.25 an hour to $10.10 an hour....   [tags: economy, unemployment, inflation] 1062 words
(3 pages)
Strong Essays [preview]
The Positive and Negative Effects of Raising Minimum Wage - A sensitive topic for many Americans is their income. Many people’s income relies on minimum wage. In 2012, 3.6 million people received an hourly pay at or below minimum wage. There is an ongoing debate in government as to what the minimum wage should be. Stuck at $7.25, Obama has suggested raising the minimum wage to $9.00. Depending on a person’s perspective, raising minimum wage could be positive or negative. Minimum wage has the ability to change lives, and change the economy. Small businesses and unemployment, teenage demographics, and the cost of civilian goods would be most affected.The only mystery is whether things would change for the better or for the worse....   [tags: income, wage, economy, umemployment]
:: 3 Works Cited
816 words
(2.3 pages)
Better Essays [preview]
Taking a Look at Minimum Wage - ... Generally, employees decide to turnover because other company offers them with higher salary and a better chance to improve their performance. The cost of employee turnover could cause up to 150% of their employment annually salary, which is estimated from training, lost productivity, and lost sales costs. Training costs are costs of new employees’ orientation, training course, and new material and clothes. Lost of productivity is a cost of learning the new job. Studies shows that it took more than 12 weeks until new employees contribute at 75% productivity level....   [tags: labor market economy] 712 words
(2 pages)
Research Papers [preview]
Link between Higher Minimum Wage and Higher Unemployment - In theory when an increase in minimum wage increases the cost of low-wage workers firms should want to hire less workers, however in reality this basic theory might be wrong according to Plumer B. (2013) While some studies found a link between higher minimum wage and higher unemployment level many others such as a recent paper from U.C. Berkeley that exploited differences across state borders did not find a link between higher minimum wage and higher unemployment. A study by John Schmitt of the Center for Economic and Policy Research explores the other possible reasons a modest increase in the minimum wage may not significantly impact employment levels....   [tags: labor and wage correlations] 1194 words
(3.4 pages)
Better Essays [preview]
Should the Minimum Wage Be Increased? - ... By increasing minimum wages, youth and less skilled worker will have less chance to get the job since only skilled worker will be preferred by companies to pay the minimum wages. So the country could end up with large number of unskilled unemployment population. Big firm are established to make profit in every way possible. If they have to increase the minimum wages, obviously companies will have huge rise in financial load on them. Since the easy communication and accessible transportation to all over the world, they can easily establish their manufacture plant in other part of the world where low cost labors are available, resulting loss of significant number of jobs at the country....   [tags: employee´s life style, income] 817 words
(2.3 pages)
Better Essays [preview]
Should Minimum Wage Be Raised? - ... On the other hand, Holly Sklar, a director of Business for Shared Prosperity, states “Contrary to what critics predicted when the minimum wage was raised, our economy had unusually low unemployment, high growth, low inflation, and declining poverty rates between 1996 and 2000” (Sklar 4). The problem with this statement is Sklar states that inflation was low, which is not the case now. Inflation is rather high, and unemployment is lower than ever. With every minimum wage increase in the past, inflation has also risen....   [tags: economy, employees, inflation] 863 words
(2.5 pages)
Better Essays [preview]
Minimum Wage and Its Implications - ... The government want to believe that by them increasing the minimum wage that the companies will keep everything else in the business the same, and that is not the case (Wilson). The idea of having a minimum wage is great, the actual minimum wage however is not a “living wage” for an adult. One of the many reason why having a minimum wage in the United States is beneficial is because companies are not allowed to take advantage of the workers. They are required to follow the law when it comes to their employees....   [tags: Earnings, Jobs]
:: 9 Works Cited
771 words
(2.2 pages)
Research Papers [preview]
Should Minimum Wage Be Raised? - For decades, many Americans argue that minimum wages should be raised. Would it be a help or harm. Many Americans wants this because they believe it would help them have a better life. Moreover, they believe it will greatly help the poor get out of poverty. Also, Harkin believes that raising minimum wage means more for America’s gross domestic product (“Raising…”). Harkin estimates that there will be about $25 billion more for GDP, 100,000 more jobs, and 28 million Americans would get a raise if the minimum wage increases (“Raising…”)....   [tags: increase in unemployment]
:: 3 Works Cited
680 words
(1.9 pages)
Strong Essays [preview]
Effects of Increasing Minimum Wage - ... Going off that point, increasing the minimum wage will reduce the need for social programs, such as unemployment, welfare, SNAP, etc., because there will be fewer people living at or below the poverty line and that qualify for these programs. Moving along the list of advantages, increasing the minimum wage will also increase the amount of money workers have, which, in turn, will inspire them to increase their consumption and pump their extra money into the economy. In an article printed by The New York Times, it was also pointed out that raising the minimum wage would decrease labor turnover....   [tags: to protect low and unskilled workers ] 787 words
(2.2 pages)
Research Papers [preview]
Minimum Wage is too low - Homelessness is often assumed to be the product of either laziness or an inability to work. There is the thought that if the men and women living on the street had jobs they would be able to afford at least basic housing. However, “one out of five homeless Americans do work, either full- or part-time” (Molloy). They are not homeless because they do not work enough, they are homeless because the amount they are paid is not enough to support them. As of July 24, 2009, the minimum wage in America is $7.25 an hour....   [tags: homelessness, epidemic, work force]
:: 3 Works Cited
1563 words
(4.5 pages)
Term Papers [preview]
Minimum Wage Should Be Raised - ... This has been proven false by a analyses done by the Congressional Budget, which states “ the potential employment and unemployment impacts of raising the Federal minimum wage rate … are difficult to predict, but are likely to be small” (Congressional Digest, 12). Congressional Budget office also found that the gains of raising minimum wage ought weigh the costs. They found that raising the minimum wage to $10.10 would rise cut the people living in poverty by 900,000 and would raise average income for families up to three times the poverty line (Chat, 1)....   [tags: socioeconomic analysis] 1137 words
(3.2 pages)
Research Papers [preview]
Should Minimum Wage Be Raised? - If you or your family were to go out into the world today and find an easy paying job you would be expecting minimum wage. Minimum wage has been defined by as the lowest wage, determined by law or contract that an employer may pay an employee for a specified job. For many this is not enough I know first had that it will help but it is not enough. For most of my college career my mother was the only one making more than minimum wage and it was barely enough. Recently this subject has been in the news more than ever....   [tags: poverty, jobs, income]
:: 3 Works Cited
602 words
(1.7 pages)
Better Essays [preview]
Should the Minimum Wage Increase? - Many dissatisfied people suffer in the economy due to their incomes and the minimum wages. In an article, under CNN, the story of Kevin Burgos, an employed American father who’s suffering financially in the current state of the economy is used as an example to support the idea of increasing minimum wages. Kevin works full-time as a fast food assistant manager, earns above minimum wage, and brings additional money to his home on the side. However, his salary and extra money doesn’t fully pay off his simple living expenses....   [tags: Economy, Income] 1323 words
(3.8 pages)
Strong Essays [preview]
Minimum Wage Needs to Change - ... However, the rise of minimum wage would make plenty of jobs. The current unemployment rate in the U.S is 6.7 percent; the lowest it has been since president Obama took office. Most of this 6.7 percent is made up of teenagers and the middle aged who are looking for a second job to support their families. This is a demographic that would not settle for 7.50 an hour, even for part-time jobs, and the small pay discourages other groups of new workers to stay away from those jobs. Some of these jobs even push employees into shadow labor markets where they can get paid more under the table, never having to report income and evading their tax responsibilities....   [tags: US economy, president obama]
:: 2 Works Cited
719 words
(2.1 pages)
Better Essays [preview]
Zeynep Ton's A Minimum Wage - The article that I am studying is Zeynep Ton's A minimum wage hike could help employers, too, in the Harvard Business Review. This article is a speculative piece about the effects of proposed minimum wage increases at the federal level. The author takes a look at companies that superior wages and benefits for their industry. The underlying theme is that this is juxtaposed against a common argument that raising the minimum wage will be universally harmful. The common argument takes beginner's level supply and demand graphs and uses them as the basis for the claim....   [tags: elastic supply, demand, employees]
:: 1 Works Cited
909 words
(2.6 pages)
Better Essays [preview]
The Minimum Wage Debate - ... Arguments for Increasing the Minimum Wage Proponents of a minimum wage hike cite reasons ranging from inflation to the idea of a living wage being the minimum wage. They point to the demographics of not just the minimum wage workers but people with wages only a little bit higher than the minimum wage that would be affected by a minimum wage hike. According the Bureau of Labor statistics, about 25 million workers earn less than $10.10, which is more than 6 times the 3.8 million workers with wages at or below the federal minimum wage (Casselman 2014), and about 16% of the overall labor force in the United States....   [tags: labor policies in the US] 1651 words
(4.7 pages)
Research Papers [preview]
History of Minimum Wage - The definition of Minimum Wage is “an amount of money that is the least amount of money per hour that workers must be paid according to the law” (Minimum wage). Minimum wage, like other laws, are used to keep the economy in line. Minimum wage laws were invented in Australia and New Zealand with the purpose of guaranteeing a minimum standard of living for unskilled workers. (Linda Gorman) Minimum wage puts a price on the services one offers. Many different principles can be used to explain Minimum wage and explore the different aspects of it....   [tags: law, unemployment, economy]
:: 5 Works Cited
1128 words
(3.2 pages)
Strong Essays [preview]
The Minimum Wage War - On Saturday, June 25, 1938, President Franklin D. Roosevelt signed 121 bills. Among these bills was a landmark law in the United States’ social and economic development—Fair Labor Standards Act of 1938 (FLSA) or otherwise known as the Wages and Hours Bill. This new law created a maximum forty-four hour workweek, guaranteed “time-and-a-half” for overtime hours in certain jobs, banned oppressive child labor, and established the nation’s first minimum wage. By definition, a minimum wage is the lowest wage permitted by law or by a special agreement (such as one with a labor union)....   [tags: Fair Labor Standards Act of 1938]
:: 5 Works Cited
1158 words
(3.3 pages)
Strong Essays [preview]
Raising the Minimum Wage - A family of four is on government welfare, has no health or car insurance, and lives from paycheck to paycheck because both parents make minimum wage. Parents cannot provide for a family because they barely make enough money to pay the bills. According to Driscoll, it is proven that a “family of three all making minimum wage, still falls below the poverty level.” President Obama has proposed raising the minimum wage to $9.00 but no actions have been made on his behalf. So congress needs to raise the minimum wage in order to help the general well being of the people....   [tags: helping people out of poverty]
:: 9 Works Cited
727 words
(2.1 pages)
Strong Essays [preview]


Your search returned over 400 essays for "Minimum Wage"
1  2  3  4  5    Next >>