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Positives of raising the minimum wage
Benefits of raising minimum wage essay
Benefits of raising minimum wage essay
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As a high school student who has a part time job, I work hard so I’m able to afford clothes, school supplies and other necessities. With my check being around $300 every two weeks, it’s almost impossible to pay for everything I need. Having the minimum wage being set at $7.25, causes many people, including myself, to struggle financially. Majority of these families are living in poverty and need help. A teeming amount of people wants the wage to be increased, but there is an abundant amount of people who object to this idea. A minimum wage increase could be very beneficial to this country but it could destroy our economy also. The first article that I read through was “Maybe raising the minimum wage isn’t such a good idea after all” from …show more content…
Eakin stated that raising the wage would put inexpert workers at risk for being dismissed by their employers. I agree and disagree with this statement. At first hand team members at fast food restaurants wouldn’t be fired because most managers aren’t allowed to employ over 12 people. These employees get roughly 23 hours per week if they aren’t full time. If they do work full time they get around 30 hours per week. If the wage increased these workers would most likely lose hours. However, if the wage increased their salary would still be high because they would be making more money than they did working 23 hours a week with an hourly rate of $7.25. On the other hand I agree with this statement because many fast food restaurants wouldn’t be able to afford to pay their employees and eventually go out of business. Raising the minimum wage would mean raising the price of food and lowering the demand for eating out because Americans wouldn’t be able to afford the restaurant …show more content…
Millions of Americans aren’t financially stable and they are struggling everyday. The increase could make it harder for people to feed their families. The second article I read was “The case for raising the minimum wage” from the U.S News by David Cooper. It provides information about the positive impacts of the wage increase. Cooper states that our set rate is not enough to live on. The yearly income for a minimum wage worker is $15,000 a year. Many of these workers have to rely on welfare and transportation. Raising the rate would give millions of workers a raise and push them out of the poverty line. Copper concludes by saying that low-income workers will see the advantages of a rising economy when the wage is
Poverty continues to grow in America. The average minimum wage in the United States is $7.35 an hour- far too low in today’s society. Key expenses, for example, gas and housing prices, have gone up significantly since the minimum wage was last changed in 2007 (Wagner 52). The laws creating the minimum wage were intended to improve the standard of living and decrease poverty. Raising minimum wage is a vital step in decreasing poverty and giving every family the opportunity to survive and succeed. Millions of hard-working Americans are below the poverty line and need an increase in pay. Minimum wage must be raised because it will diminish poverty and assist the working class to support their families.
Well, raising the minimum wage has both the pros and cons. Still, the fact that increasing the minimum wage nationwide would increase millions of workers’ earnings is deniable. I suppose that’s why some people advocate raising the minimum wage will grow the economy for everyone. In 2014, the president of the United States, Obama, called on the current Congress to raise the national minimum wage, which proves that Obama actually supports raising the minimum wage. ‘February 2014 Congressional Budget Office Report The Effects of a Minimum-Wage Increase on Employment and Family Income is the latest attempt to do so, in this response to Members of Congress with respect to an increase in the federal minimum wage from $7.25 to $10.10 per hour.’
The article discusses the minimum wage has not kept up with the current cost of living, and that it is
Minimum wage is a topic that has been popping up since the 1980s. From whether we should lower it, or even raise it, but now in the 2000s minimum wage has been the center of attention more than ever. There are two sides to this topic of minimum wage; whether it creates more jobs or does not create jobs. Those who argue that raising minimum wage will create more jobs will have a rebuttal which is that it does not only cause the loss of jobs but that it would make things much worse and vice versa for those arguing raising minimum wage will cause loss of jobs. There will be two authors representing opposite views, Nicholas Johnson supporting minimum wage will not cost jobs with his article “ Evidence Shows Raising Minimum Wage Hasn’t Cost Jobs”
Many people against raising the minimum wage create arguments such as, “it will cause inflation”, or, “ it will result in job loss.” Not only are these arguments terribly untrue, they also cause a sense of panic towards the majority working-class. Since 1938, the federal minimum wage has been increased 22 times. For more than 75 years, real GDP per capita has consistently increased, even when the wage has been
"When we talk about the kind of folks whose lives will be made better by raising the minimum wage, we're not talking about a couple teenagers earning extra spending money to supplement their allowance. We're talking about providers and breadwinners. Working Americans with bills to pay and mouths to feed."
The minimum wage today has a lot of issues; some people say it is not enough to live comfortably. Many agree that there needs to be an increase in minimum wages and by doing that it can help with our issues of poverty. Statistics show that a worker who is full time and earning minimum wage makes only $15,080 a year, which is under the federal poverty line for a family of two. (Gitis, 2013) The problem with that is $15,080 is not a sufficient amount that a person can live and grow on. “A family of two can consist of a mother and son or daughter, father and son or ...
"Raising the minimum wage will benefit about 28 million workers across the country. And it will help businesses, too - raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities." -- President Obama
One way raising minimum wage will be beneficial is that it could lift many Americans out of poverty. Raising the minimum wage in Illinois, would help the families of more than 1.1 million workers who work to meet their children’s basic needs and “reduce the adverse effects of poverty on a child’s well-being” (Fiscal Policy Center). Studies have shown that raising the minimum wage would help 1 in 5 Illinois families who are in poverty. By raising the minimum wage in Illinois, it would help workers with families spend money on food, housing, gas, and other needs without going into poverty. Along with puling Americans out of poverty, raising the minimum wage could also stimulate economic growth. Raising the minimum wage, is stimulating economic growth by worsening the income inequality and substantially reducing the employee turnover for the business. Increasing a person’s income would raise their yearly earnings by $3,640 and “Improve the economic security and reduce the economies poverty rate” (Fiscal Policy Center). Low-wage workers spend most of what they earn on their basic needs, which is quickly spent and does not leave the worker with much money left to spend on other needs. This boost in the minimum wage will stimulate the economy and help create opportunities for more people, by hiring more workers to keep up with the
Wittner, Lawrence. "The Minimum Wage Should Be Raised." The Huffington Post. TheHuffingtonPost.com, 10 Nov. 2013. Web. 12 Mar. 2014.
On the other side of the argument Americans believe that with the increase of minimum wages it would help Americans out a lot more. One possible way that the increase in minimum wage may help an individual out is in the article Minimum wage Pros and Cons, “The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. Though this may be true, one problem
Since its inception, the minimum wage has been a hotbed for debate. If today’s leaders could manage to increase minimum wage, millions of families would benefit.
One, higher minimum wage will boost the economy in the United States. Working Americans are kept out of poverty, they can pay for better housing, and buy health insurance. Moreover, they can have healthier eating and exercise habits, all of which cut down on illnesses. It has been proven that the minimum wage being raised does better for the country, therefore, mandatory laws should enforce raising the minimum wage. Supporters of the measure believe that the bill should apply to all classes of Americans working in every field. I have used many sources that include newspaper articles, journal articles, as well as web articles to conclude my
I believe that regardless if you recieve tips or not, that extra money should not dictate whether or not you should recieve minimum wage. All employees deserve equality, compliance, and gratitude. Which raising the minimun wage of tipped employees would accomplish!
Bernstein, Jared. “Would Raising the Minimum Wage Harm the Economy?” The CQ Researcher 16 Dec. 2005:1069.