Raising The Minimum Wage There has always been controversy about raising or lowering the minimum wage. The minimum wage should be raised. Raising the minimum wage has the benefits of raising family incomes, may get the economy back on track and allows families to pay their debts; however lowering the minimum wage has a downside, because families don't have enough money, it has not kept pace with cost of living and families earning minimum wage still need government assistance to survive. The first benefit of raising the minimum wage is that it will raise family incomes. 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. By increasing workers' take-home pay, families gain both financial security and an increased ability to purchase goods and services, thus creating jobs for other Americans. A good aspect about raising the minimum wage would be that it will maybe get the economy back on track This means that people will have more money and they will be able to buy more things and it will help the economy grow. “To get the economy back on track, spending power has to be in the hands of those who actually spend in the real economy” (Averback). The money that people are spending will actually help the economy,because now they will be able to buy expensive and in... ... middle of paper ... ... the cost of living in the U.S. Hopefully if they raise the minimum wage, it will keep up with the cost of living. “The minimum wage has just not kept pace with cost of living for people in this country” ( Maxwell 3). This means that items are too expensive for people to buy with what they are earning. They are getting paid too little to afford anything. People do not have enough money to buy basic food supplies, even people who are working full-time or multiple jobs. Although there are many American citizens and government officials who think there is no need to raise the minimum wage, research clearly shows that it will be much better to raise the minimum wage. This will help raise families incomes, maybe get the economy back on track and allow families to pay their debts. Now it is up to our government leaders to make the right choice and raise 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
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
...ning the minimum wage? There are so many individuals divided on the issue that we may not see a decision made for years. While proponents of raising the minimum wage believe that raising the minimum wage would be great for families and people in general, opponents believe that raising the minimum wage is not necessary because many people who earn minimum wage are high school students and it would be terrible for businesses. Also, opponents believe that it should not be raised due to inflation. If there is an agreement between opponents, proponents, and the government, there could be a universal agreement to raise the minimum wage. There already some states that have raised the minimum wage, and the government is most likely studying them to see if raising the minimum wage is best for individuals. But I believe time will tell what will happen with the minimum wage.
Minimum wages should not be raised. Raising minimum wage will cause employers to decrease their employees working hours which affect the employee and the business. Also, there would be an impact of job losses on a still-fragile economic recovery. Although some may argue that no one who works full-time in America should have to live in poverty, Americans are paid higher wages than the average employee in Mexico. The main reason Americans who work full-time may live in poverty is because of how they spend their money. Minimum wages are fine the way they are and should not be raised.
Minimum wage is and will be for a long time a very controversial subject. Many think that minimum wage should be higher for people to support their families. Many also think that the price is a good starting wage, and should not be raised. People do not realize is that with raising minimum wage it would cause way more problems than keeping the minimum wage price. In my opinion minimum wage should not be raised.
Raising minimum wage would benefit many people and would give them a higher standard of living. It is the american dream to start with little to nothing and work your way to the top. But some people are just not in the right place in life to become rich and successful. But no one can argue that if those people are making the current federal minimum wage of $7.25 per hour, their quality of life will sky rocket if they even just get a couple dollars more per hour. Rent would be paid on time , ability to buy more nourishing food than just mcdonalds and toys to make childrens childhoods more enjoyable. All these things can be accomplished with only a couple of dollars added to the federal minimum wage. For example australia has the highest minimum
There are so many benefits to be had with a higher minimum wage. Not only does it affect the one receiving it, but the community and government as a whole. The government should increase the minimum wage because the current minimum wage is not enough for living expenses, it helps to reduce the number of those on government assistance, and it would help boost the economy. Doing so gives those earning minimum wage not only the ability to support themselves and their loved ones, as well as allowing them the dignity in doing so.
There is never enough money in the world. Some people get greedy and just want it for things that make them happy. Others do not have enough and cannot live a happy, healthy life because of the lack of money. One solution to this problem would be to raise minimum wage. Another solution is to set a yearly raise for all workers rather than one big jump from $7.25 to $10.10. This has been debated for sometime with no outcome. The pros and cons of this debate butt heads with facts, opinions, and reason. One says it will increase employment, another says it will not change employment, and the last says it will decrease employment. Along with changing or not changing employment, raising minimum wage would pull people out of poverty and help others
First off it’ll help local businesses, if the minimum wage was increased that’ll mean more money for the employee and that also means they’ll have more money to spend on things they want or need. Strengthening the minimum wage will help our economy grow and that’s always a good thing.
Minimum wage should be increased in the United States. With the increase of minimum wage their will be problems due to this, but there is a good outcome to this increase of minimum wage. When employees receive a higher paycheck, it takes weight off the government safety. It's also setting the future for the U.S. The bad thing about
The discussion of raising minimum wage to $15 an hour is a very big topic. Some people think it should be raised so they can try to live off of it. Raising minimum wage would help some areas in the U.S., but it will also hurt other areas that are smaller and do not have as high of a price of living. It could very seriously hurt the nation's economy. In some states a raise could help, but raising the federal minimum wage would be a very bad thing. Minimum wage should not be raised to $15.00 dollars an hour because it is not meant to be a living wage; if there is a raise to minimum wage, then there would be an increase in the cost of goods as well as a raise in the unemployment rate.
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.
In conclusion, I agree that the government should increase the minimum wage so people can make a livable wage to support themselves financially and would help for single parent families. There are also many problems that raising minimum wage can solve, but there will also be problems that minimum-wage can cause if it is increased. A problem that could made if the government decides to increase minimum-wage is inflation. Inflation is a very big reason why minimum-wage is not enough. Another solution is to get the President to focus on flattening the income tax and deregulate labor
The pros that come with an increase minimum wage include increased penalty that employers pay to prevent overtime, increased earnings among the low-wage workers who keep their jobs and preventing employers from exploiting their employees. Some of the cons include reduced hours, increased unemployment from people no longer searching for jobs, and overtime that reduces the GDP (Hamermesh). According to the article “It’s Time to Raise the Minimum Wage,” raising the minimum wage will benefit more than one in four workers. An increase up to $12.00 “would pump billions of dollars into the U.S. economy, benefiting Main Street businesses.” The business would be affected by the increase spending from their consumers. It would also give those workers who are tipped as well earn a wage a chance to get out of poverty (It’s Time to Raise the Minimum
Minimum wage has been a topic that has divided our nation for a while now. Some say there should be an increase in the minimum wage while others say the should not be. In my Argument today, I will be in support for the raising of the minimum wage. If the minimum wage is to be increased, it will provide low-income family with money to spend. Furthermore, the more people spend, the better the economy so raising the minimum wage will boost our economy. And finally, raising the minimum wage will reduce the gab between the rich and the poor, which is also an issue in our nation.