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
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.
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.
There 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 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 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.
The 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.
Since 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
It 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
There are pros and cons to making the minimum wage higher. According to EBS Consulting, the pros are that it will boost the economy, create