Minimum wage seems to always be a topic of discussion. The most current debate is that Ohio raise its minimum wage to $10.10 an hour. In certain parts of Ohio there is even discussion of raising it even higher, to $15.00 an hour. There are many pro/con debates circulating on this particular subject. There is much research being done on whether or not this would benefit employees or harm them.
By having motivated workers it increases production. They will want to work harder to keep the company moving quickly and efficiently. “For years, scholars and businesspeople have known that employee engagement was positively correlated with the organization’s productivity; indeed, research shows that engaged groups of employees are more than 25% more productive” (Nahavandi, 2014, p. 140). That is not a small percentage. So if the employees are 25% more productive because he gave them 10% of them company then it is still a 15% gain for the company in production.
This allows the company the option of hiring fewer customer service operators. While not good for unemployment rates, it is a definite bene... ... middle of paper ... ...h the system. There are bugs that through new technology and innovation will hopefully be worked out. How many people thought the first automobile was nothing more than a confounded contraption that was just as likely to blow up on you as get you where you wanted to go? I would imagine there were thousands, even millions of people who felt this way.
Day by day this thing flow around the work, it is too importance, that we don’t have enough of it and it is call money. Why does it become our important? Because people are living in the modern life now, everyone always want to have a job to support their life and make them feel happy. That’s why they think if we don’t have work so we don’t have money and then we will not have happiness. The important thing to make people feel happy in work is increasing salary.
Families today are tied to the financial commitments and choices they have made. Purchasing a house, fancy cars, and other luxuries have forced people to carry the burden of working harder than wanted just to pay the bills of their chosen lifestyle. People have the feeling of burden and frustration when it comes to workloads. In Andrew Curry’s essay “Why We Work” he relays in paragraph 4 that more women work today to afford the luxuries for their family. Americans are choosing to forfeit leisure for luxury; more so than back in the day before WWII.
At the federal level, Obama has conduct support to raising minimum wages multiply times. The president took it upon himself to raise wages for workers on all new federal contract working for 10.10 dollars are higher. Raising minimum wages will help a lot of business save a lot of workers and help people make their family happy again. Normally nowadays a person that work full time on a minimum wage job they salary for the year is $14,500 a year which leaves a lot of family struggling at the end of the day. A family of 4 living on minimum wage is more than living in
He also called for a wage increase for tipped employees such as waitresses with the possibility of having minimum wage adjust with inflation. President Obama is certainly motivated by good intentions. Families earning minimum wage will be able to immediately enjoy an increased standard of living. There are, however, negative consequences which may result from an increase in minimum wage. The proposed wage increase could actually hurt more Americans than it helps because of prices increases employers will have to make to incorporate the higher cost of employing workers.
Furthermore, Congress again raised the minimum wage in 1978 for four years and unemployment went from 6.4% to 10.8% (Jaarda). Moreover, Congress enacted another minimum wage increase in 1990 and experiences another unemployment increase (Jaarda). These three examples further prove that increase in minimum wage will increase unemployment due to larger expenses given to the businesses. Another harmful factor from raising minimum wage is the increase of prices of products. Many people say that increase in minimum wage will increase their spending money for goods.
Hence machines can bring a lot of benefits to the economy but it comes with a price. The automated machines will replace human labour because they are more efficient. Machines can also do more work of several humans making the automated machines more desirable by the employers to cut down production costs. Machines can be fitted to the job unlike the human... ... middle of paper ... ... efficiency also contributed a lot to the economy while reducing or avoiding the vulnerabilities to the employers which in turn benefits the consumers. However, the downsides are that people have lost jobs due to more employers using machines and widening inequality between those who have the knowledge of technology and those who do not.
After researching this topic very thoroughly, I have found that raising the minimum wage does have its pros and cons. An increase in the minimum wage has many benefits for the people of the U.S. Increasing the minimum wage would advance the average living for many families already living under the poverty line. According to Jamieson (2011), “Jacking the federal minimum wage from $7.25 to $8.25 would give a raise to 10 million workers”. A minimum amount of income is extensive for workers in order to survive and pay the necessary bills to live. A regular full-time job is working 40 hours per week and with getting paid as little as minimum wage per hour, an average person will make about $1000 per month after taxes and such are deducted.