While any of these reasons might be true, there are still many consequences that could take action if minimum wage is raised. Most Republicans are completely against the idea of raising it while President Obama would like to raise it from $7.25 an hour to $10.10 an hour. Raising the minimum wage would cost jobs, place people in higher tax brackets, inflate prices, and create greater competition for jobs. Raising the minimum wage would cost jobs. First, I would cost more money to hire low-skill workers.
It started as fast food employees trying to get more money and turning into a movement to raise the minimum wage to $15 an hour. They have made progress in places like New York and California and are slowing winning city by city (“About 1). The aftermath is worse after their protests. By increasing the wage so high corporations will let people go because they just do not want to pay that many people that much money for something anyone can do. In some cases, they will use more skilled workers to replace all the lower skilled ones to make the increase more profitable (Wilson 8).
People who earn more spend more on products and services. As stated by BuzzFlash Headlines, “Higher Minimum Wage Would Create Over 100,000 New Jobs Nationally” (BuzzFlash Headline). Families would be able to use the money they earn to save for important things such as bills. If they wanted to, they could also buy more groceries or appliances. Non-supporters feel that raising the minimum wage will create many job losses.
The minimum wage is measured on living expense and the economic growth. As today's living expense, The minimum wages should be increased. Minimum wage should be increased because Parents that don't have degrees are struggling providing their families. People that have not gotten degrees because they could not afford them or have had families early and do not have the time or resources to go to school can not get a job that pays over minimum wage, most of the time. For instance, the employees that work on minimum wage in California have to work 130 hours a week to afford two bedrooms, this is the reason that the government supports the low income families.
The first minimum wage was put in place by Congress in 1938 as part of the Fair Labor Standards Act. It was set at twenty-five cents. Since then minimum wage has continually fluctuated, and currently, it is $7.25, but Congress is now considering the Fair Minimum Wage Act (Whittner) which would, over the course of two years, raise minimum wage to $10.10 (Sherk). Adding almost three dollars to the United State’s minimum wage will most certainly have a large, positive impact on the nation. Congress should raise minimum wage because it would boost the economy, it would create jobs, and it would not be right to let people who work full time to live in poverty.
It is very difficult to live in America if you are living off of minimum wage, and many Americans are living off of it today. Raising minimum wages has its benefits like gaining more money to live better, but people do not see the down side of the increases in wages. With the increase in minimum wage, it also causes the cost of living to increase. How can this help the economy or help people? Minimum wages in America should not be increased because it will cause cost of living to increase, reduce employment, and cause businesses to lose money and workers.
To begin with, the government in the US needs to raise the minimum wage in order for people to rise above the poverty line, which will result in reduced government expenditures. Millions of people every day are working to support one’s family, but the Federal minimum wage is not enough money for families to spend on food. With 46.5 million people living in poverty in the United States, the government is f... ... middle of paper ... ... help improve the economy. Therefore, raising the minimum wage is beneficial to the economy as it creates jobs and raises the income of millions of people across United States and Canada. The government needs to raise the minimum wage as it raises the income of people, which saves the taxpayers money and allows it to be used on things such as schools and fixing roads.
America as a nation is wealthier then ever, yet the middle class is in very real danger of disappearing, and I fear that if nothing is done millions and millions of Americans will live in poverty without the chance to work themselves out of it, and that is unacceptable. Works Cited Hassett, Kevin A., and Michael R. Strain. "Why we shouldn't raise the minimum wage." American enterprise Institute. American Enterprise Institute for Public Policy Research, 10 Mar.
Since the Federal minimum wage is already a high rate, it would be pointless to make it even higher when our country is already in debt. It is true that people with minimum wage jobs will have more money to spend on more things. It will help low income family’s pay some bills and not have to have a stressful job. However, $10.10 an hour is still not enough money to support a family or afford house or car payments as well as electric and water bills. “A 1997 National bureau of economic research study estimated that the federal minimum wage hike of 1996-1997 actually increased the number of poor families by 4.5%”(Henderson 54).
Politicians raising the state’s minimum wage as high as the median wage, will lead businesses in a state of raising the salaries of half of those employed, or else take measures to trim the number of employees on the payroll. Hence, more employment qualities will most likely be improved leaving uneducated people at the bottom of the list according to an article published by USA Today on the 5th of April 2016. As Tom Scott, California’s state leader of the National Federation of Independent Business, stated in a statement “There is no question that a $15 minimum wage would have a devastating impacts on small businesses”. Supporting the statewide minimum wage movement, we have Governor Andrew Cuomo, who was proud to stand for the people, signing the bill at a Labor rally in New York