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I believe that minimum wage should be increased. The positives are many and can help many different people. It even helps corporations out. There is an great improvement in attendance of work, and also morale of workers in areas where minimum wage had been raised. This helps influence the business's productivity as they will be reducing recruiting and training for employees. With an increased body of workers it would increase production and results. Another major argument would have to be how it benefits communities. This leads to low-wage workers spending more time at local business's. Making them rely less on social service agencies for assistance. This of course can lead to a boost in the local tax base and a reduce in the spending of local taxes on social assistance agencies since they would be less likely to be …show more content…
Fact of the matter is that a decision brings both positive and negative outcomes. Some people might take the raise as a sign to be lazy and not learn new techniques however others will take in a positive encouragement way which I believe will out rule those that think in the pessimistic manner. There could be increased unemployment however this will motivate people to go looking for more jobs since the minimum wage is raised they will have something more to look forward to than to finding another job that pay too little. the possibilities of increased prices is understandable because of raised wages however with raised wages people will have money to accommodate themselves to these changes therefor it will be an acceptable balance and a shortage will be avoid and possibly a surplus will be achieved! Some business might have financial issues but if they open up business more and offer positions, people will be drawn in by a better pay and business will boom once workers come in with more enthusiasm and people begin to attend or use their services more since they will have more money to
"Plain and simple, Congress must act to meet the needs of our constituents. We can do that by strengthening families and increasing the minimum wage."
Should the minimum wage increase? Well, raising minimum wage both has 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 advocates raising the minimum wage will grow the economy for everyone. In 2014, the president of the United States, Obama, called the current Congress to raise the national minimum wage, which proves that Obama is 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
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.
"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."
Minimum wage is a difficult number to decide on because it affects different income earning citizens in different ways. According to Principles of Microeconomics, by N. Gregory Mankiw, minimum wage is a law that establishes the lowest price for labor that and employer may pay (Mankiw 6-1b). Currently, the minimum wage in the United States is $7.25 per hour. For many years politicians and citizens have argued on what should be the minimum wage that would benefit the economy and society in general. A minimum wage was first established in 1938 to increase the standard of living of lower class workers. To discuss what is better for the country and its citizens, people have to understand what is a minimum wage and what are its effects.
Over the years the cost of living has been on the rise. Therefore, it is only right for minimum wage to increase as the cost of living increases. Many states and even some individual cities have taken the first steps toward raising the minimum wage. States like Washington and cities like San Francisco have already raised their minimum wage above the federal minimum wage. This is a very good start as it is becoming harder and harder for Americans to start and take care of their families. We need more states and cities to follow their lead some more Americans can feel more financially stable. This will make a better America for us all.
B. The overall poverty rate among Idaho residents climbed to 16.0 percent in 2012, from 11.8 percent in 1999. (U.S. Bureau of the Census)
In the eyes of the employees, the minimum wage raise is mostly a pro for them. There are three main reasons why increasing the minimum wage to $15 per hour would give benefits to both the employer and employees. Workers can make a decent living with a pay of $15 per hour. These people will then have a higher income that will enable them to pay their basic needs and living expenses. Back then in 2013, a report from the Congressional Budget Office estimated that 16.5 million low-wage workers would benefit from a $10.00 per hour wage; this includes 900,000 works coming up the poverty line ("The Effects of a Minimum-Wage Increase on Employment and Family Income"). So if employees receive a pay S15.00 an hour, the fewer people ar...
"No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty."
The minimum wage must be raised because the cost of living has gone up considerably. Education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years. Companies should be requied to pay workers what they deserve, and that is more than minimum wage is now. With our new technology and the technology in the future work is harder and more complicated. A minimum wage increase would raise the wages of many workers and increase benefits to those disadvantaged workers.
By improving government funding and work support programs, it can help reduce poverty by saving family money in different costly areas. According to Tami Luh a journalist for
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 will have a positive effect on business. An abundant amount of companies believe that increasing the minimum wage would decrease gender inequality in the work area. As supported by Jason Furman, ("Minimum Wage - ProCon.org."), “ [it] is one of the important [reasons]... for inequality at the bottom.” Another reason it would aid business is that it will decrease turnover and increase productivity in the workarea. Researches have concluded that increasing the minimum wage will make employees work harder to keep their job. For example, in the fashion industry, if workers were paid more, it would result in a faster increase in production. Right now fashion is changing at a rate faster than what the companies can provide. By increasing the minimum wage, it would help companies to keep up with the fast pace
This quote explains how federal minimum wage provide workers with an efficient way to have a basic standard of living. One advantage of raising the minimum wage is the increase of jobs. Job growth because of a raise in minimum wage could possibly minimize unemployment and allows opportunities for American workers that need a job. Whereas, minimum wage increasing helps the chances of families experience better job opportunities.
“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”