Pros And Cons Of The Minimum Wage
opinion Essay
711 words
There have been many arguments going on whether minimum wage should be increased. This action has its pros and cons. It can benefit many families as living cost has gone up, price for education is rising, and college students are in huge debts. Minimum wage has been around for ages. Minimum wage employment was a temporary condition for people to earn little payment until they moved on to a better paying job. These jobs helped build résumés, experiences, and skills for a better career. As years went on that idea began to demolish into a job that many families can get to survive and pay for their expenses. It has become the easy way for people to get easy pay. The cost for education is a lot more than it used to be. Everyone would think getting an education is easy so you wouldn’t need a minimum wage job, but it isn’t College tuition has gone up and so have private schools and catholic schools. Some private schools are at …show more content…
In this essay, the author
- Explains the pros and cons of raising the minimum wage. it can benefit many families as living costs have gone up, price for education is rising, and college students are in debt.
- Explains that the cost of education has gone up and private schools and catholic schools are at the expense of some colleges. young adults are responsible for college payments if they want to further their education to make something of themselves.
- Opines that if minimum wage was increased many people would be able to afford education to further their knowledge to move up in the world to receive a better paying job.
- Opines that a raise in pay would help pay for basic expenses and living appliances. this would benefit single parents and others on government- and state-sponsored financial-aid programs.
- Argues that a minimum-wage boost could improve worker morale, which could in turn improve productivity and keep turnover rates down.
- Argues that raising minimum wage will not be beneficial but a disadvantage. people get laid off from jobs everyday due to money budgets, lack of professionalism, or illegal actions.
- Opines that raising minimum wage benefits majority of the population and that's what everyone should be thinking about.
They may argue that jobs and benefits could be cut and could reduced desire for career advancement, but they are wrong. People get laid off from jobs everyday due to money budgets, lack of professionalism, or illegal actions. Companies do what’s best for their investment regardless, if minimum wage goes up or not. Whether they were to lay off people there will be extra workload divided among the employees left which is more than they are getting paid for. That could lead to the company having to pay their employees more. All in all minimum wage should be increased. Every decisions made by the federal government has its disadvantages. What action doesn’t have its disadvantage? Raising minimum wage benefits majority of the population and that’s what everyone should be thinking about. This has been an argument for years and some states in the United States has raised their minimum wage, all we need is for other states to do the same, so everyone can benefit from it
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- opinion
- analytical
- Negative Effects Of Raising Minimum Wageopinion essayA 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 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.
1007 wordsRead More - We Should NOT Raise the Minimum Wageopinion 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 - Minimum Wage Should Be Increasedopinion essayThe 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.
In this essay, the author
- Opines that the u.s should not raise the minimum wage because it isn't a helpful way of fighting poverty and it will hurt low-skilled workers.
- Opines that raising the minimum wage isn't an effective way to fight poverty. according to mark wilson's "the negative effects of minimum wage laws", only 15% of workers who were expected to gain from it lived in poor households.
- Explains why the u.s should not raise the minimum wage because raising it would hurt low skilled workers.
- Argues that raising the minimum wage isn't an effective way of fighting poverty and it will hurt low-skilled workers.
443 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 - The Minimum Wage Must Be Increasedanalytical essayIn 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.
In this essay, the author
- Opines that raising the minimum wage helps families make ends meet. if you believe you could work full-time and support a family on less than $15,000, go try it.
- Explains that president obama called on congress to raise the national minimum wage from $7.25 to $10.10 an hour.
- Argues that raising minimum wage increases unemployment, especially for unskilled workers, and harms small businesses, including grocery stores and restaurants.
- Explains that the employment rate has improved in years of an increase in minimum wage to account for the depreciation value of the dollar.
- Analyzes how batra proves that an increase in minimum wage, as long as it is not faster than the rise in prices, will not adversely affect the businesses' profits.
- Explains how the mcdonald's franchise owner hires a teenage cook to make ten hamburgers per hour, and their hourly profit from hiring the cook is $3.
- Explains that as long as minimum wage does not increase faster than the rate of inflation, there will not be a decline in the business’s real profit.
- Explains that batra proved that increasing the minimum wage, so long as it does not surpass the rate of inflation, will not harm small businesses nor increase unemployment.
- Analyzes how the economic policy institute's data indicates the real value of the minimum wage, adjusted for inflation, has been declining since its highest point in 1968.
- Analyzes barbara ehrenreich's experiences living paycheck to paycheck, as minimum wage earners do, in her book, nickel and dimed: on (not) getting by in america.
- Explains that the economic policy institute recently reviewed dozens of studies of what constitutes a "living wage" and came up with an average figure of $30,000 per year for one adult and two children, which amounts to $14 an hour.
- Opines that a moderate increase in the federal minimum wage would have little impact on the national economy.
- Opines that a higher minimum wage would stimulate consumption by putting more money in the hands of low-income people who spend their entire paychecks.
- Argues that the minimum wage should be increased in the united states. it does not create unemployment, as many believe, and it helps improve the standard of living for individuals earning minimum wages.
- Analyzes how greenspan's fraud: how two decades of his policies have undermined the global economy.
- Cites chasanov, amy, ehrenreich, barbara, katel, peter, and kale. the value of the minimum wage.
1491 wordsRead More - The Minimum Wage Debateanalytical essayMinimum wage has obviously changed over the decades. From $0.25 in 1938 to currently $7.25 for all covered, nonexempt workers since 2009. In the reasonable eye, one would think working in a job that only allows them to receive minimum wage will be motivation to go back to school and get a better paying job. But what if minimum wage increased? Making the average minimum wage amount $9.00 to even $10.00? The average amount of minimum wage in some states will increase starting January 4, 2014. In advanced; this is going to cause controversy between the people and governors of the states that passed this particular bill.
In this essay, the author
- Compares the views of president obama and james galbraith on raising the minimum wage with those of congressmen young.
- Opines that the minimum wage has increased tremendously over the past decades. president obama's request to raise it would be a good or bad decision.
- Analyzes how the minimum wage has changed over the years, from $0.25 in 1938 to $7.25 for all covered, nonexempt workers since 2009.
- Analyzes how congressman fear mongers on minimum wage: ‘you guys wanna pay $20 for a hamburger?
710 wordsRead More - The Minimum Wage Must Be Raisedopinion essayThe minimum wage must be raised. The cost of living has gone up juristically, especially those with families to care for and look after. To be able to work and make enough to support the needs of an individual requires education, and the cost of education has also gone up in the past 20 or so years. This means many workers across the country must work hard and really push themselves to live in that comfortable position to where we still work hard but earn enough to not be uncomfortable and in that of a struggle to succeed in life. Companies should be required to pay workers what they deserve. If the minimum wage in 1968 had kept up with inflation it would be more than ten dollars today. If it kept up with the production of the American people since then it would be up to twenty-one an hour. About twenty million people or thirty percent of all hourly, non-self-employed workers eighteen and older are nearly those minimum wage workers.
In this essay, the author
- Opines that the minimum wage must be raised because the cost of living has gone up juristically, especially for those with families to care for and look after.
- Opines that raising the minimum wage is crucial for families' well-being since the cost of living has skyrocketed.
- Opines that children cannot better themselves if their parents can't pay for college, and their own cost of living. if the minimum wage was increased, it would mean many people better opportunity for themselves.
- Argues that raising the minimum wage would hurt low skilled workers, have little effect on reducing poverty, and may result in higher prices for consumers.
- Opines that raising the minimum wage is a bad idea. higher wages make it more expensive to hire workers.
- Opines that an increase in the minimum wage would have a profound effect on reducing poverty and encourage people to go get jobs.
724 wordsRead More - Minimum Wage In America Essayanalytical essaySince the cost of living has gone up drastically, raising the minimum wage is the right thing to do to boost the economy, lift workers morale and productivity, and improve the self sufficiency of potentially millions of American workers. Raising the minimum wage is a vital step in decreasing poverty and giving every family the opportunity to survive and succeed. Even businesses agree raising the minimum wage would give many customers more money to spend in turn increasing sales and higher profits for the companies. Therefore, raising the minimum wage would help and not hurt the economy and it would give many Americans a better livelihood and a more secured life. In today’s society it is very expensive to live in American and even getting by daily is difficult if you are living on minimum wage. Therefore, anyone who thinks the minimum wage should not be raised should try living in
In this essay, the author
- Explains that the minimum wage was established by president franklin d. roosevelt in 1938 to stabilize the economy and to get people out of poverty from the great depression.
- Explains that increasing the minimum wage will increase the standard of living and help keep people out of poverty.
- Analyzes how the american worker is struggling to make ends meet on low-wage incomes. the current federal minimum wage is $7.25 an hour, and has not been raised in seven years.
- Explains that working poverty is a constellation of difficulties that magnify one another. an increase in the minimum wage would reduce the number of people living in poverty by 2.4%.
1621 wordsRead More - Raising Minimum Wage Essayanalytical essayIt is time, the labor market is taking advantage of humans and it must come to an end. For the sake of protecting the people, the minimum wage should be raised. The minimum wage is a tool that was introduced in the 20th century to protect workers from abuse. Today, that is very much not the case. American workers are subject to jobs that pay their workers the bare minimum. In the wealthiest nation on Earth, no person that works full time should have to live in poverty. At the 1912 Progressive Party, Theodore Roosevelt told the attendees: “We stand for a living wage, enough to secure the elements of a normal standard of living, a standard high enough to make morality possible, to provide for education and recreation, to care for immature members
In this essay, the author
- Explains that it is in both the interest of the employer and employee to raise the minimum wage.
- Argues that the loss of work hours resulting from a minimum wage rise would be offset by the gain in pay workers and higher productivity.
- Argues that increasing the minimum wage would close the gap of economic inequality in america.
- Argues that the minimum wage should be raised for the sake of protecting the people.
- Argues that the current minimum wage system is a flawed system that will always have 3 sides; one side says it is too low, the other that we need to get ride of it.
1584 wordsRead More - Raising Minimum Wage Lawsopinion essayThere are pros and cons to making the minimum wage higher. According to EBS Consulting, the pros are that it will boost the economy, create
In this essay, the author
- Opines that the minimum wage laws in our country are not necessarily good or bad for the economy.
- Opines that raising the minimum wage would boost the economy, create jobs, reduce welfare programs, increase prices, fewer hiring’s, and the impact would vary by state.
- Opines that one should get paid for what one does and how well they do it. other employees would probably think that they deserve a high wage, but in the end, it is up to the employer who gets paid what.
474 wordsRead More