Minimum Wage Weather or not to increase minimum wage is currently a hot topic. Some feel that minimum wage should be increased while others say no. Minimum wage is the lowest wage payable to employees. Minimum wage should not be increased because if it is a lot of current minimum wage workers will be forced out of their jobs and could possibly lose everything. “The minimum wage makes it illegal for workers to have a job paying less than the minimum wage, and it keeps employers from hiring anyone for less than the legal minimum wage even if people are willing to work for less. If the current minimum wage for low-skilled workers is $7.25 per hour, and Congress mandates a minimum wage of $9 per hour, workers who earn less than that will not remain employed or be hired. In the long run, as businesses switch to labor-saving methods of production, more low-skilled jobs will become useless. In anticipation of a $9-per-hour minimum wage, small businesses are already planning to switch to automated equipment, self-service and new software to save money because low skilled workers will have to be paid more. More jobs will be created for skilled workers but will destroy jobs for low-skilled workers. Politicians promise workers $9 per hour, but that promise can not be kept if employers fire or don’t hire workers who low skilled. Most importantly, if low skilled workers lose their jobs or can’t find jobs making minimum wage, their actual income will be zero.” (James A. Dorn). So if minimum wage is increased the job market could be destroyed for those in the lower class and for the unskilled workforce. “Evidence shows that when the minimum wage is increased there will be less jobs and a more unemployment especially in the long run. If a person ... ... middle of paper ... ... minimum, and 73 percent of Americans support raising the minimum wage. It’s time for Congress to act.” (James A. Dorn). At first I felt that the minimum wage should have been left alone. However, with my finding of new evidence i found that an increase in minimum wage could greatly help the economy grow. If things stay the same it could take ages for things to improve. truth be told no one will ever truly know what is going to happen. America just needs to take a leap of faith and hope for the best. Should the minimum wage be increased? Yes, The minimum wage should be increased because recent evidence shows that with the increase of minimum wage the economy will grow more rapidly and in the long run will benefit everyone. Works Cited Dorn, James A., and David Cooper. “Should the Federal Minimum Wage Be Raised?” U.S. News Digital Weekly 5.18 (2013): 14–14. Print.
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
Raising the minimum will end up hurting Americans more than helping them. The people that are for raising minimum wage are people who believe that increasing minimum wage can help those people who are unskilled and need an income they can live on. Yet, raising minimum wage would do the opposite and make employers have to fire people who earn minimum wage, because they can't afford the higher wages. People need to realize that increasing the minimum wage would hurt people more than help them. In the end increasing minimum wage would result in some people being let go, for the reason, businesses can't afford paying them minimum wage anymore.
Minimum wage should be increased because millions of Americans will be saved from a life of poverty. With inflation increasing every year, it is necessary to raise the minimum wage to keep up the living cost.
In conclusion, minimum wage workers need an increase in their incomes. They need more money to provide food, shelter, and other necessities for their family and themselves. Minimum wage should be increased because poverty will be reduced, it will be good for the economy, and provide more for families. Raising the minimum wage is also about reducing the inequality of it.
I feel that minimum wage should be higher because for anyone to make a decent living they have to make the money. However, if the minimum wage was higher some individuals could make a better living for their families instead of living in poverty. My take is minimum wage has a big effect on the world today and if things don’t change the world will never change. People will continue to be on welfare because they can’t afford to feed their families making 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 making minimum wage, still falls below the poverty level.” President Obama has proposed raising the minimum wage to $9.00, but no action has been taken on his behalf. So Congress needs to raise the minimum wage in order to help the general well being of the people.
The people of the United States should support raising the federal minimum wage because empirical evidence proves that it does not lead to job loss. Americans know a raise in the minimum wage is one way to help make work pay. For many working Americans an increase in the minimum wage will make the difference between living in poverty and not. Furthermore, a higher minimum wage, a floor to ensure workers that they're getting a fair deal for their efforts, provides a foothold into the middle class for many other families who would otherwise not earn a middle class living.
Raising the minimum wage sure does have its pros and cons, but it is believed that the pros outnumber the cons tremendously. Overall, the minimum wage should be increased, and it is expected to increase sometime before 2020. The minimum wage is a hugely debated topic, and there is good points for both sides. In most Americans eyes, however, it would be extremely beneficial, and it may even end the current recession.
An increase in minimum wage can help boost our economy and help many Americans at the same time. If we increase this, many people will have a healthy economic life and more. This can help many people become a better person making our nation stronger.
In conclusion, I agree that the government should increase the minimum wage so people can make a livable wage to support themselves financially and would help for single parent families. There are also many problems that raising minimum wage can solve, but there will also be problems that minimum-wage can cause if it is increased. A problem that could made if the government decides to increase minimum-wage is inflation. Inflation is a very big reason why minimum-wage is not enough. Another solution is to get the President to focus on flattening the income tax and deregulate labor
When approaching the subject of minimum wage increases, we consider the topic to be extremely controversial. Both proponents and opponents argue what impact it will have on the economy and how to bring low-income wage earners out of poverty. Some claim it will have a negative impact on small business and decreased employment rates while others think, it will improve low-income families’ standard of living and boost economy. Increasing the minimum wage assists in decreasing poverty but more support programs are need.
The low-paid workers who need the jobs paying the current minimum wage will become unemployed. To increase the minimum wage is to only increase the burdens of small business owners who are already struggling in the current economy. To increase the minimum wage is to create inflation and further contribute to a dysfunctional economy.
The profound idea of increasing the minimum wage on a federal scale is a commendable cause, however the very concept is flawed. The Federal government employed minimum wage laws for the very purpose of “preventing businesses from hiring workers for hourly wages that fall below a specified level” (Gale Minimum). Yes, this will achieve just that, although it would implement significantly more complications than actual improvements. Rather than improve things for those below the poverty line, increasing the minimum wage would only push them further down. The reason for this is “because of its adverse effects on employment and poor ability to target workers living in households below the poverty threshold” (Edwards Negative). Increasing the
“The bottom line is that five million low-income Americans working full-time for minimum wage, deserve a raise.” (Jim Clyburn) Increasing the minimum wage to $10.10 will raise wages for 28 million workers by $35 billion in total according to Cap Action War Room. Minimum wage should be raised because it will profit a various amount of Americans in a way that it will pull many out of poverty and reduce inequality.
With a raise in the minimum wage, benefits and consequences are incurred by both the employee and the employer. From the employee's’ perspective, they are always happy to get a raise in pay. In order to decide whether an increase in the minimum wage would be justified or not, we need to look at it from several different business perspectives. First, when the minimum wage rate is increased, low-skilled laborers will be more expensive to hire. This increase will have the greatest impact on businesses that need the