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.
Raising the minimum wage will not help the economy The issue of whether or not to raise the minimum wage has been a subject that has been in the forefront both politically and socially as of late. A minimum wage is the lowest hourly rate of pay that employers must pay their workers and is mandated by the federal government. Raising the minimum wage would actually hurt the economy because doing so would do little to lower the poverty rate, would increase unemployment for less-skilled workers and result in higher prices for goods and services.
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.
Many critics claim that that raising minimum wage increases unemployment, especially for unskilled workers, and harms small businesses, including grocery stores and restaurants. The argument declares that companies such as these rely mostly on unskilled workers for labor, and if the minimum wage increases, then their profits and, therefore, hiring would decline, creating a...
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
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.
Barrack Obama’s State of The Union Address of 2013 caused a controversy that is still a relevant debate topic. Live from the United States Capitol, Obama clarified his perception on the minimum wage in America. Obama insisted that minimum wage should be increased because it would be a means of social justice to many Americans. Many Americans live in poverty and Obama believes that raising the minimum wage would assist some Americans to remove oneself from living in poverty and assist the economy from disintegrating. After hearing Obama’s State of The Union Address of 2013 and reading many articles concerning the raising of minimum wage, I believe minimum wage should be raised because it would decrease poverty, keep individuals from under the table jobs, and cause a decrease in taxes.
An article written by R.A. suggested that “raising minimum wage will force employers to pay more to existing workers forcing companies to lead to sackings”. (R.A., 2014) Opponents also raise concerns that politicians who support the increase will potentially impose higher wages that the economy can’t support causing layoffs impacting our unemployment. A 2007 published study revealed contrary data of proponents showing that minimum wage will in fact hurt lower wage workers. Another 2010 study conducted presented facts that a higher wage will drive down GDP in the lower skilled industries. Many of the workers receiving minimum wage fall into the categories of younger students or people working a 2nd job to support themselves and their families questioning the compulsion to increase minimum wage as a whole. An analysis conducted by Christina Romer, supported conservatives who believe a better way to help low wage workers is through the earned income tax credit. This provides low income families with a financial payout through the Government even though this comes with a level of controversy too. The concerns raised when wages are increased is how do companies handle the impact on the business. Smaller companies will struggle to compete with big companies who can handle the increased wages and ultimately put the cost back on the consumer
Having minimum wage causes many people to become jobless all so a certain amount of people could live comfortably. Cooper believes that today’s workers are “stuck in jobs that pay so little they struggle to afford basic necessities.” Yes, some people may have trouble affording basic necessities, but at least they have some money that will help them out even if it’s just a little. A low paying job can make a difference between having nothing to eat at all or three small meals every day. If minimum wage increases, than the lives of many people would become even more difficult, and unbearable. A job that pays a little money is better than no job at all.
"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."