The problem is increasing numbers of workers and their families live in poverty.Which Pathe stated “with a higher wage, and these compensatory measures in place, employment won’t decline, but it will grow more slowly because of decreased sale volume, at least for the first few years the new wage is implemented” (Pathe). A better way of raising the minimum wage without killing jobs is they could cut wages for higher-paid workers. Which would help the low wage workers at the expense of better paid workers. Also companies can raise their prices in response. when increasing the minimum wage with businesses it boost consumer demand, growing our economy and helping communities thrive.Bernstein argues that “It estimates that the increase in the wage would reduce employment by about 500,000, and 8 million low wage workers would be benefited from the change” (Bernstein).
The Truth about Food Local grown fresh produce is more beneficial to society than fast food or mass produced food. Buying locally will bring a higher quality of life for many generations to come by having a cleaner environment and enhancing the community. Fast food is killing society and causing a plaque of obesity which causes other health problems. Buying local fresh food is a much healthier choice for children and adults alike. Fresh food will also boost the economy through creating jobs and educating the population.
This also means more taxes can be claimed back at tax time. Lower minimum wage means that there is less time for employee’s families and self-time, because they will have to work more overtime just to get that extra money on their paychecks. Having little family time due to working day in and day out, could cause families to fight and end up splitting. All-in-all raising minimum wage will provide happy employees, because they will be able to have more family time. No overtime would have to be worked unless they absolutely wanted to work more.
Therefore, increase in minimum will hurt the budget due to more money having to be put in programs and cause the nation more debt. Minimum wage increase will have a negative effect. Businesses will have to cut jobs or increase prices, so they will stay in business without losing any money. Also the nation’s budget will hurt due to more money going into different programs of unemployment and bankruptcy. Though others feel that an increase of minimum wage will cause workers to have more money in their pockets, minimum wage should not be increased because it will increase prices, cut jobs, and hurt the national budget.
There has been many reasons and issues as to raised the minimum wage that it should be raised. The minimum wage should be raised because increasing the wage, jobs will have better services for those employs cause it helps everyone pay debts, and although some workers may be laid off the taxes would be raising higher and people would have less government help. Federal minimum wage that increase does better for the employment because it will provide better equipments for many employes that are working in the job, not only that but it also gives each employ the best support such as the security help in case if any accidents may happen within the job. which brings the people that are working have a better services that employees need help on either them that have families. As said on the book, How Can The Poor Be Helped (pg.
Raising the minimum wage will really help many families financially (Averback 1). With the family having more income they will have a better household. People don't go to college because they don't have money to pay for it. Raising the minimum wage will gradually help people pay for the college. When you go to college, you will be able to get a better job so that you can make money, that is why people want to go to college.Having extra money around family is always a plus, it will help them with whatever they will need or want.
Education should be seen as a way to a better future and therefore it should cost less so that everyone can get the opportunity to become educated. A better education will increase the chances of getting better paying jobs bringing a better pay check home. People say that “to be rich you need to be rich” referring the saying to education. What people mean with the saying is that education is costly. Careers that can assure financial stability are very expensive.
Some of the effects include, disrespect, drama, and loss of quality in work. With the research that I’ve done, having separate minimum wages is a better way of helping the economy than trying to increase minimum wage. Because of how new jobs will be created, a better distribution of money, and better opportunities, are the main reasons as to why having separate minimum wages between teens and adults is a great way to stimulate the economy. It’s not that we need an increased minimum wage to accommodate workers, but we need to create more jobs for the better of the economy.
Raising the wage can also decrease the turn over rate in the sense that now minimum wage employees get paid more so they don’t mind working for their new pay and don’t consider quitting as much and keep their jobs for a longer period of time. “While all U.S. employees who stayed put in the first three months of 2016 saw an average raise that works out to 4.6% annually, the 24-and-younger age group almost doubled that, at 9.1%.” (Ann Fisher, fortune.com). Employees who get paid more will appreciate their jobs more. The turn over rate would maneuver itself into a better state if minimum wage were increased. Conclusively, Raising minimum wage can positively impact a younger person in society.
Raising the minimum wage will not only help our economic stimulus but also place less burden on taxpayers. Lifting our workers out of poverty so they do not have to depend on government assistance should be a priority. Let us stop sharing the unequal access to society and equally share our wealth. When people make more money, they also have more to spend and they invest back into local businesses, big or small, helping the economy flourish. Resulting in more quality products produced, happier customers, employees who care about their job and showing up to do it the best they can.