Negative Effects Of Raising Minimum Wage
opinionated Essay
1007 words
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 …show more content…
In this essay, the author
- Opines that a raise in the minimum wage is only temporary solution to fixing the united states' problems.
- Argues that a raise in the minimum wage increases the demand for workers with greater skills, which makes it more difficult for disadvantaged workers, such as teenagers and people with lower skills.
- Explains that if the minimum wage continues to rise, everything will increase in cost, such as rent, groceries, and other goods and services.
- Explains that the higher the minimum wage, the more significant the increase in the unemployment rate.
- Opines that raising the minimum wage would have a dramatic effect on low-skilled workers, the cost of living, and unemployment rates.
The cost of rent will increase monthly because if people have more money to spend, then landlords will bump up their prices. For example, California recently raised their state’s minimum wage to ten dollars an hour. According to the figures from the Council for Community and Economic Research, “the cost of living in Los Angeles is forty percent higher than the United States average” (Michael Hiltzic 2016). In result, this is just another negative impact on raising the minimum wage. Workers who cannot survive off of $7.25 an hour will not be able to survive off of $10.10 an hour because of inflation. Raising the minimum wage also forces business owners to raise the prices of their goods and …show more content…
These are just a few of the many awful effects that raising the minimum wage brings. When workers hear a raise in the minimum wage, all they think about is a bigger paycheck and not what will happen to low-skilled workers, the cost of living, and the added stress to unemployment rates. New workers with less skills will have a harder time finding a job. The cost of living is going to hike due to inflation. Unemployment rates will rise due to added stress on businesses. An increase in the minimum wage is great news to a high schooler saving up to buy a new phone, but terrible news to someone trying to raise a family. If the minimum wage continues to increase, these problems will get worse instead of
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- Positive And Negative Effects Of Raising Minimum Wageanalytical essayRaising 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.
In this essay, the author
- Argues that raising the minimum wage would hurt the economy because it would do little to lower the poverty rate, increase unemployment for less-skilled workers, and result in higher prices for goods and services.
- Explains that raising the minimum wage would have little effect on lowering the poverty level, since most wage earners do not come from poor households.
- Argues that if employers are forced to pay workers more than the work is valued at, they will simply not hire workers at that pay level.
- Explains the negative effect of raising the minimum wage is the cost of goods and services would increase’ otherwise known as inflation. employers can reduce their profit or pass along the costs to the consumer.
- Explains that raising the minimum wage may help some low-wage workers rise above the poverty level, but the overall poverty levels would only slightly decrease because of a hike.
- Argues that raising the minimum wage would provide a living wage, but employers are willing to pay their workers for their production or perceived value of productivity. minimum wage jobs were never meant for professors or doctors.
- Argues that raising the minimum wage would hurt the economy because it would cause an increase in low-skilled unemployment, do very little to lower the poverty level, and increase inflation.
902 wordsRead More - The Negative Effects Of Raising Minimum Wageopinionated essayBusinesses prices of their products, operating, and services are majorly affected by the minimum wage increase. As you may think that raising the minimum wage will play a big role with workers receiving more money, but what about the companies that have to pay more to their workers. Do they get a positive effect from the raising of the minimum wage? Well, to tell you the truth, businesses get negatively affected by this. One outcome from the raising of the minimum wage is: the minimum wage will increase the expenses for operating for businesses. It also increases the prices of their products, services, so they can cover their costs for labor. Lastly, for minimum wage, labor market competition will increase. This proves that raising
In this essay, the author
- Opines that raising the minimum wage will have a negative effect not just in the workers, but it also affects businesses.
238 wordsRead More - We Should NOT Raise the Minimum Wageopinionated essayRaising 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.
In this essay, the author
- Explains that raising minimum wage would help hardworking americans earn a better paycheck for their work, but this is only if they can keep their jobs.
- Opines that raising the minimum wage encourages labor substitution and creates job destruction. if you push it, you're making a huge trade-off.
- Explains that employers respond to higher labor costs by hiring fewer workers, which eliminates entry-level positions that provide unskilled employees the opportunity to gain experience.
- Opines that the argument for raising minimum wage goes back and forth between if it will hurt jobs, or not.
- Argues that raising the minimum wage would hurt people more than help them. the supporters of raising it believe that it would not hurt american jobs but would help people get jobs.
- Cites stern, andy, and carl camden. "why we need to raise the minimum wage." los angeles times.
1177 wordsRead More - Persuasive Essay On Raising Minimum Wageanalytical essayImagine a world where you are working overtime, seven days a week, yet your kids are starving. You can’t get the education you need because you don’t have the time and money to afford it, and you can’t change jobs because this is the only one you can get. Unfortunately, this is the reality for millions of Americans living today. The federal minimum wage is too low to help families, and actually mathematically speaking, too low to survive on. The quality of life for minimum wage families is terribly low, and that is unacceptable. As humans, we should be looking after others and helping the poverty come out of their continuous cycle. Raising the minimum wage would not only help families be able to afford a better quality of life, but help them to afford healthy food, get an adequate education, and invest in the necessary health care they need.
In this essay, the author
- Opines that raising the minimum wage would help families afford healthy food, education, and health care.
- Argues that raising the minimum wage will not cause inflation or job loss, since it will put more money into hard-working americans' wallets, which in turn, circulate it into the economy.
- Explains that raising the minimum wage would raise the incomes of 28 million americans. it would help mitigate the abusive, exploitative working practices of a number of employers.
- Analyzes how the anti-$15 logic of workers differs, stating that a higher minimum wage would cause mass inflation and unemployment. the economy has shifted in the last 30 years to the point where the average fast food worker is now 29 years old.
- Argues that the anti-$15 workers are arguing against their own best interest, since a $15 minimum wage would transform the labor market in favor of all working people.
- Explains that the labor market is affected by supply and demand, as well as regulation, like the minimum wage.
- Opines that the same way that corporations are constantly striving to lower wages, it's the job of unions to raise them.
- Explains that the wealthy argue that a $15 minimum wage would cause harm to workers by ruining small businesses and causing layoffs.
- Explains that raising the national minimum wage would inject as much as $450 billion in the u.s. economy each year.
- Opines that raising the minimum wage is desperately necessary because it will help improve the lives of our fellow americans, improve our economy, and families will be lifted on their hands and feet.
1668 wordsRead More - Should Minimum Wage Be Raised Essayanalytical essayThere are indeed risks of raising the minimum wage, but the rewards outweigh those risks, so the minimum wage should be raised. Some people who are against this may say ...“But other economists say raising the minimum wage actually hurts the very people it's designed to help: One of the basic laws of economics is that if you raise the price of something, there will be less demand for it. In this case, if you raise the price of workers, the demand for workers will decline. That could mean companies cutting the hours of employees, laying them off, or hiring fewer workers in the future.”... Yes, it could hurt the people it is designed to help, but different states have done this and found the opposite to be true. With America’s still fragile economy we need a boost, a helping hand; And this could be it. So next time you go down to vote on a mayor or maybe even the next president, remember that raising the minimum wage is a good thing, and you should be supporting
In this essay, the author
- Argues that raising the minimum wage would be better than raising it above the federal standard.
- Argues that the government should raise the minimum wage because people working full time make less than the federal poverty level.
- Explains that raising the minimum wage above the government standard has seen a lot more growth in companies in washington, oregon and many other states.
- Quotes heidi shierholz of the economic policy institute, which favors raising the minimum wage.
- Opines that raising the minimum wage is a good thing, and you should be supporting it.
603 wordsRead More - Raising Minimum Wage Research Paperopinionated essayToday, people cannot fathom the minimum wage that was set in the previous years. The United States has come along way in terms of the minimum wage. In 1938, the federal minimum wage was set at $0.25 by President Roosevelt during the time of The Great Depression. The current minimum wage is set at $7.25 and 29 states have increased their minimum wage to exceed that number. Many say that the $7.25 minimum wage is too low for any person to live off of. Another statement that usually trails along with that is jobs will be created and our economy will gain strength with a raise of the minimum wage. This act would cause more problems than it would solve. Some of these problems would entail forcing businesses to lay off employees and increase poverty and increase the price of consumer goods. Raising the minimum wage would make most tangible and intangible objects out of reach for many. Will the number of
In this essay, the author
- Opines that a raise of the minimum wage would cause more problems than it would solve.
- Explains that increasing the minimum wage would not decrease poverty levels, but instead increase them. entry-level jobs will be more likely to get fired or laid off.
- Explains that increasing the minimum wage would force businesses to lay off employees and raise unemployment levels.
- Explains that raising the minimum wage for people who work jobs that require little to no skill would result in a price increase of 4.3% and 25% respectively. meeting rooms and hotel rooms will also rise in price, making it much harder for middle class business men and women to travel and advance in their professions.
- Argues that increasing minimum wage will not decrease poverty, it will make business owners lay off employees, and not hire more entry level workers.
- Opines that raising minimum wage would increase economic activity and spur job growth, but this isn't true because it would force businesses to lay off employees because they wouldn’t be able to afford it.
- Opines that raising the minimum wage will cause inflation, making it the hardest to get everyday essentials due to price increases. the credit rating agency expects retailers to pass on higher labour costs to customers.
- Argues that minimum wage should not be raised because it raises unemployment rates and forces businesses to lay off workers. it also increases the price of consumer goods, making them unaffordable.
1129 wordsRead More - Minimum Wageanalytical essayThe continuing demand of more money for less work has forced Uncle Sam to raise the minimum wage innumerable times in the last half century, which results in higher prices for the rest of us. Another raise in the minimum wage would, as all the others before it, raise prices for consumers, which would again result in another demand for a raise in the minimum wage. It's a viscous cycle that must be stopped before it loses control. Not only does a raise in minimum wage result in a raise in the cost of living, it also causes the dismissal of hardworking people who are happy with their current income. When the firing axe starts to fall, seniority often determines who goes and who stays. The more a single employee costs a business an hour, the fewer employees the business can afford to employee an hour.
In this essay, the author
- Opines that it's not logical for things to have gotten more expensive competition should drive prices down.
- Explains how the demand of more money for less work has forced uncle sam to raise the minimum wage innumerable times in the last half century.
- Analyzes how employees are dismissed to compensate for a raise in labor costs, which results in slipshod service. while reasonable people would rather pay more for better service, the service is just as haphazard.
- Opines that the argument that minimum wage should be raised is that people need more money to make a living in the world of ever rising costs.
- Argues that the minimum wage is substantial enough to make teens respect their money, but also low enough, to force them to save. the argument over minimum wages makes it abhorrently obvious that this statement is true.
710 wordsRead More - The Importance Of Raising Minimum Wage In The United Statesopinionated essayRaising the minimum wage is making a big problem for the united stated society. The American society needs focus on helping their people have a better life for their families and erasing minimum wage is not necessary at this time for many reasons. One of the reason is the economy is major area all the countries, so if the economy shutdown nobody can survive and the country can broke somehow. The united stated the governments must find the best solutions to boosting the economy, so increasing the minimum wage can make problem bigger such as losing the job for low wage worker. The United Stated economy needs time and it is not growing yet, if the people want to change the minimum wage, this is not just right time. Tom Price is a Washington-based
In this essay, the author
- Opines that raising the minimum wage is a big problem for the united states society.
405 wordsRead More - The Negative Effects of Raising the Minimum Wageanalytical essay"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."
In this essay, the author
- Argues that 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.
- Opines that the number of federal subsidy programs tops 1,800.
- Analyzes brandon, peter, and the effects of mothers moving from welfare to work.
- Cites national bureau for economic research, cambridge, ma, 1995, and enrollment: evidence from matched cps surveys
- Argues that raising the minimum wage is at odds with economic principles and years of creditable research.
1563 wordsRead More - Minimum Wage Effectsanalytical essayCritics assert that the real effects of minimum-wage increases are negative. The prime effects are: they hurt businesses, raise prices and ultimately are counterproductive for the working poor, as they can lead to unemployment.
In this essay, the author
- Argues that the real effects of minimum-wage increases are negative. they hurt businesses, raise prices, and ultimately are counterproductive for the working poor.
- Explains the fundamental problem with using minimum wages to increase the incomes of poor and low-income families is that the policy targets lower-wage workers.
- Explains that minimum wage increases do not reduce the number of poor families and may even increase it slightly.
165 wordsRead More