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Minimum wage needs to be increased
Positives of raising minimum wage effects
Minimum wage needs to be increased
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There is much debate on whether or not the minimum wage should be increased. The benefits of gradually raising the minimum wage would outweigh the detriments because it will benefit everyone: the poor, middle class, and even the wealthy. At the rate that the minimum wage has been increasing, it has not kept up with inflation, which has led to the middle class deteriorating. People working 40 plus hours deserve a fair living wage but with minimum wage currently at $10, that makes it nearly impossible. If the minimum wage raises it will encourage more people to work harder, make college more affordable, and it will take people out of poverty. It is easy to go against raising the minimum wage, because many people do not believe it will benefit …show more content…
Lets take Costco as an example. In the book, "The Fight for 15 the Right Wage for a Working America", David states that "Costco's starting wage is $11.50 an hour and the average wage is nearly $21 an hour, [whereas], Walmart's entry-level staff wage is $10 an hour and has an average wage of less than $13 for nonsupervisory staff." (Rolf 227) The result of the wage difference makes a drastic change in the work performance of the employee and the company's image. As stated in the book, "Employees at Costco are not only happier where they work, but they boost customer satisfaction and financial performance. Employees are less likely to call out of work and are more likely to be more productive because they are satisfied with their job."(Rolf 227) Although Costco pays their employees a significantly higher wage, their business is still very successful because of their reputation, friendly employees, and low prices. Once the minimum wage is raised, employees and employers will not be the only people benefiting from …show more content…
People need to prosper and be lifted out of poverty. There is too much poverty in this world. It should not matter what type of work someone is working, work is work and money is money. Everyone; from women, Latinos, and young adults deserve to get ahead in life and make their American dream come true. With a $15 minimum wage that can all be possible. Not only will low income employees benefit from a higher wage; but also business owners, students, entrepreneurs, tax payers, and even people that are already rich can benefit from
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.’
This article gives you a yes and no opinion on whether or not the F...
Minimum wage should be raised to at least $15 an hour. Doing so would benefit lower classes of people greatly. Higher minimum pays will keep people from doing illegal things for money, give them more money to spend, and it would make minimum wage do what it’s intended to do.
Imagine a world where you are working overtime, seven days a week, yet your kids are starving. You can’t get the education you need because you don’t have the time and money to afford it, and you can’t change jobs because this is the only one you can get. Unfortunately, this is the reality for millions of Americans living today. The federal minimum wage is too low to help families, and actually mathematically speaking, too low to survive on. The quality of life for minimum wage families is terribly low, and that is unacceptable. As humans, we should be looking after others and helping the poverty come out of their continuous cycle. Raising the minimum wage would not only help families be able to afford a better quality of life, but help them to afford healthy food, get an adequate education, and invest in the necessary health care they need.
"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 ...
The minimum wage will always be a controversial topic to debate. People are going to protest someday to raise their salaries because they cannot struggle to pay off the increased cost of living expenses. Also, more employers are going to cut off their worker’s hours or get the worker lay off. By raising the minimum wage to $15, people must accept the pros and cons because this a topic will always affect the entire community.
Some think that the minimum wage should not be raised, but others think that the minimum wage should be raised. If one had to be chosen, raising the minimum wage would be better. The minimum wage should be raised because if you were to work full time on minimum wage, you are below the poverty line; Also states that did raise the minimum wage above the federal standard have had more job growth than states that did not. Finally, "Minimum wage workers are much more likely to immediately go out and spend that extra money in the economy," says Heidi Shierholz of the Economic Policy Institute, which favors raising the minimum. "That's because they're often living paycheck to paycheck."
"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
They may argue that jobs and benefits could be cut and could reduce desire for career advancement, but they are wrong. The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In a survey of 1,213 businesses and human resources professionals, 38% of employers who currently pay minimum wage said they would lay off some employees if the minimum wage was raised to $10.10. 54% said they would decrease hiring levels. People get laid off from jobs every day 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
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.
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.
Raising the minimum wage would have too many negative ripple effects theoretically and realistically. In 2016, online activity for the phrase increased minimum wage reached its second highest point per Google Trends. Politically, socially, and economically minimum wage has both opponents and proponents scratching their heads. Two parties are clear split on the topic and University students should clear stand on one side if they truly care about everyone’s long term goals. Minimum wage should not be increased at the federal level because it rids the taught principles, tarnishes the purpose of having a minimum wage, and due its negative effects on both the present and future.
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.