For the last couple decades, the minimum wage has been on going topic that the economists and the policy makers has been debating on. Indeed, It is still an open issue and the policy makers still debating on increasing it. The first Country that passed the minimum wage policy was New Zealand in 1984, and a lot country followed. President Roosevelt passed the first minimum wage in 1938, the minimum wage was 0.25 when the Roosevelt passed, and it has been increased as the living expense went up. The minimum wage is measured on living expense and the economic growth. As today's living expense, The minimum wages should be increased.
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.
A raise in the minimum wage is only a temporary solution to fixing the problems in the United States. The federal minimum wage was introduced in 1938, during the Great Depression, and has already been increased 22 times. There are already 19 states that pay their employees well over the federal minimum wage. The highest minimum wage in the United States is in Seattle, Washington, and is set at fifteen dollars an hour. Interestingly enough, if minimum wage followed inflation, then it would be set at $4.24 an hour, which means it is already $3.01 over that amount that it should technically be (James Sherk 2013). Continued increases of the minimum wage in the United States need to be stopped as it will result in devastating impacts on low-skilled
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 of debate for many years in California between politicians and economists. The California initiative is to have minimum wage raised to at least $15 in the next few years. Just like every measure in the United States, this measure has some pro’s and cons.The Obama Administration has expressed its support for minimum wage campaign called, “Raise the Wage” by Senator Murray and Representative Scott. “Raise the Wage” is an act works with state and national advocates, along with legislators, to make a change. Throughout the years, minimum wage was increased by a few cents each year. In 2016, the minimum wage was increased to $10 an hour from what it originally was $8 in 2008. Now, citizens are looking to increase the wage to $15 an hour, which is set to be voted on in November 2016. California has a high minimum wage along with other states. But there are also a lot of housing problems in california, unemployment, and homelessness. In this paper, I intend on writing about the problem and solutions this act brings. In my opinion, raising minimum wage will do a lot more good than bad and will help the people of California. Raising the Minimum Wage helps the economy, if people make more money, they will spend more money, which benefits the encounter.
America is currently working on the issue of whether the minimum wage should be increased from $7.25 to $10.10 and economists are studying the effects of the possible increase. Minimum wage workers deal with struggles such as affording health care, paying for education, providing food for their families, putting many hours of work in while making little income and paying their bills. America’s decision to raise the minimum wage would help low wage workers to make higher incomes and would overall strengthen the economy, pulling Americans out of poverty. Americans may hold a minimum wage job if they do not have money to attend a college or university to obtain a degree in order to find a career.
Minimum wage is the biggest debate that United States has to go through throughout the last century. But recently our leaders are having arguments on weather or not we should raise the minimum wage for hard working people. Oklahoma's Gov. Mary Fallin is having to the answer the question to raise the state's minimum wage higher than it is recently at with $7.25. There are many concerns that owners of businesses have about if the government is going to raise the minimum wage. As of 2014 Gov. Mary Fallin signed into a law a bill that would banned cities within Oklahoma from creating a mandatory minimum wage and employees benefits. The minimum wage issue is a microeconomics issue because it mainly effects a single individual of a household, a group of consumers, and businesses.
A while ago I was told by my parents that I got a call from (my now boss), Donald Makepeace, asking if I was still interested in a job. We played phone tag for the longest tag, but finally I was hired at the local Dairy Queen. My parents originally said that I was supposed to contribute some money to help pay for insurance, gas ,and ect. After, seeing how much money I brought back week after week, they ignored that request. The truth of the matter is, it’s hard to live on a minimum wage job. In fact, many individuals must have at least two jobs to keep the bills meet. So, President Obama is trying to get Congress to pass an increase in the minimum wage. However, Congress refuses to raise the minimum wage. I agree with Congress, that we should not raise the minimum wage because these jobs are mainly for high school students and more people wouldn’t be able to hire people.
The U.S should not raise the minimum wage because raising it isn’t an effective way to fight poverty. According to “The Negative Effects of Minimum Wage Laws” by Mark Wilson, he states “In the previous federal minimum wage increase from $5.15 to $7.25, only 15 percent of the workers who were expected to gain from it lived in poor households.” The quote explains how a previous wage raise of $7 from $5, only helped 15% of workers who were expected to gain from it. Those expected to gain from it lived in poor households, which shows the wage raise didn’t help. Technically raising the wage isn’t a bad thing, but it just isn’t the most effective way to help as you can see.