It has been said that we live in an era where people are looking for more increasing on everything, and the look for that every single day. One of the most political issues that are noticeable in 2014 is the minimum wage. A few weeks ago, President Obama talked about increasing the minimum wage. The minimum wage is 7.5, and he wants to increase this number around 10.10. There is no doubt this news could bring a lot of happiness to huge number of people, and at the same time, it would rise up some social or economic problems. Although this news about increasing of the minimum wage sounds as major news for all people who have works, some ones might totally disagree with that. It is a matter of fact that no one would refuse an increasing of their work salary, but at the same time, some people would not approve this a point of view. No one would ever deny that increasing of his or her money is something that has been sought for a long time. Everyone, who has a full time job or even a part time one, has been looking for that. For an example, if someone has to work for more than seven hours a day and his or her minimum wages are around 7.5 dollars, would that be fair for them? Increasing of the minimum wage would make a lot of people lives easier. It would make employees work more satisfied and do their best in order to fulfill their jobs. Another example is when a person gets bonus, he or she would feel so happy, and that would make him or her appreciate what they are doing. It is a matter of fact that life needs have become more expensive than ever, and they become harder to get. For an instance, getting a nice apartment or a nice car has become so difficult to everyone whose minimum wage is around ... ... middle of paper ... ... income. For a father or a mother who is responsible to put bride on the family table, it is hard to them to find another job if they lost their. There is on one wants his or her job to be in risk. One of the most reasons that some one of these people would disagree with idea of the increasing of the minimum wage is most of the companies would rely on technology instated of them. Although that technology makes our lives better and easier, it could cause others jobs. If we go to some supermarkets, we will see that these supermarkets have replaced human cashers with computers that can do the same job. What these people points at is a lot of companies would replace them with technology in order to make their economies status better. If these companies had to pay more to people, they are going to come up with technology that will not cost them anything in salary wise.
Most people do not dream of working the rest of their lives on minimum wage, but this is the harsh reality for many Americans. Minimum wage was set for workers, so they will not get under paid. Over the recent years, people are wanting to increase the minimum wage to put more money in their budget. That it will help bring people out of poverty and into a middle class citizen. Thus, this might be possible, but many say not without some serious consideration. There will be many consequences with increasing minimum wage. Although increasing minimum wage will give workers more money, minimum wage should not be increased because it will increase prices, cut jobs, and hurt national budget.
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.
Raising the minimum wage to $15 an hour has been extensively debated over the last year or so. Minimum wage is the undermost wage allowed by law to be given to an employee for their services. Introduced in 1939, its purpose was to stabilize the economy, which was healing from the Great Depression. Most importantly, it was designed to protect the health and welling-being of employees. Currently, the Federal Government 's minimum is $7.25 per hour ($14,500 per year). The ones in favor of the increase are saying that it used to be a living wage; however, now it is not and it now needs to be line with changes to the cost of living. In addition, an increase in minimum wage can increase the productivity and decrease income inequality and poverty. On the other spectrum, the ones who are against the increase are saying that the increased labor cost will drive up unemployment, affect small businesses negatively, and cause other workers from different
The arguments for and against the minimum wage have been ongoing. On one hand, it’s simply a supply and demand issue. As prices (or wages) rise, the demand for that product (or labor) decreases—in other words, employers will simply stop or slow down their hiring. If the minimum wage increases too much, then it could even force some smaller firms out of business. Then even more people will be out of work. On the other hand, better paid employees could feel more motivation to increase their productivity. And increase in a company’s productivity could be high enough that, in order to keep up supply, it might need to hire even more employees. In this case, raising the minimum wage has increased employment.
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
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
...hile passing a law linking minimum wage and inflation sounds nearly impossible, all of the other options that could also help minimum wage earners are equally impossible. The current minimum wage is not enough to live on and leaving it as it is will only force more of our fellow Americans out of their homes and into the streets. Increasing it to a living wage not only has no adverse effects on employment, but it is also the humane thing to do.
Although raising minimum wage would help many people in many ways. Raising the minimum wage would be a great plus for average American families. Poverty is a very big problem in America right now, but it also a problem all of the world, and has been for years.
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 $7.25 per hour, their quality of life will sky rocket if they even just get a couple dollars more per hour. Rent would be paid on time , ability to buy more nourishing food than just mcdonalds and toys to make childrens childhoods more enjoyable. All these things can be accomplished with only a couple of dollars added to the federal minimum wage. For example australia has the highest minimum
The minimum wage being too low has been a public issue in America for generations. Basically, the debate includes two different opinions. Firstly, people who want to raise the minimum wage, and second, people who would rather is stay the same. The overwhelming majority of liberals are on the side that favors a raise. Additionally, a somewhat smaller proportion of conservatives favor the change as well, but for different reasons. The liberal opinion on raising the minimum wage is based on the idea that putting more money in the people’s pockets, will stimulate the economy, and decrease poverty. The problem that conservatives and liberals alike have with this, is that a few direct consequences are proven to apply when raising wages. Some proposed consequences include unemployment, inflation, and unfairness to higher educated people. Another main point is that raising the minimum wage is thought to helps small business by increasing worker satisfaction. This issue of minimum wage has become increasingly popular and important in current times, as president Obama has proposed the idea of raising the minimum wage of contract workers to 10.10$ per hour (about a 30% increase from the current 7.25$ per hour minimum wage). A large number of people consider this wage hike unnecessary due to the fact that today’s value of minimum is higher than it has ever been since the 80’s, and because the wage hike comes at too high of a cost. All things considered, the issue of raising minimum wage is not a battle of political parties and their agendas, its really a debate between everyone.
Since the cost of living has gone up drastically, raising the minimum wage is the right thing to do to boost the economy, lift workers morale and productivity, and improve the self sufficiency of potentially millions of American workers. Raising the minimum wage is a vital step in decreasing poverty and giving every family the opportunity to survive and succeed. Even businesses agree raising the minimum wage would give many customers more money to spend in turn increasing sales and higher profits for the companies. Therefore, raising the minimum wage would help and not hurt the economy and it would give many Americans a better livelihood and a more secured life. In today’s society it is very expensive to live in American and even getting by daily is difficult if you are living on minimum wage. Therefore, anyone who thinks the minimum wage should not be raised should try living in
Many business owners are against the raising of minimum wage because they believe that it will end up hurting the economy more than helping it. The largest concern for business owners is that if there is an increase in minimum wage, then jobs thousands of jobs will be cut, due to smaller businesses not being able to pay the employee's (Mejeur).
Raising the minimum wage will prove to be detrimental as it will take away opportunities from high school students to gain insight and explore different career options. Additionally, it will also reduce the unemployment rate, making it harder for the working poor to meet their basic needs in order to survive. Thereby, raising the minimum wage is not a feasible option because it will only deteriorate situations for the labor
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.
A sensitive topic for many Americans is their income. Many people’s income relies on minimum wage. In 2012, 3.6 million people received an hourly pay at or below minimum wage. There is an ongoing debate in government as to what the minimum wage should be. Stuck at $7.25, Obama has suggested raising the minimum wage to $9.00. Depending on a person’s perspective, raising minimum wage could be positive or negative. Minimum wage has the ability to change lives, and change the economy. Small businesses and unemployment, teenage demographics, and the cost of civilian goods would be most affected.The only mystery is whether things would change for the better or for the worse.