What would be so bad about raising minimum wage? Before other states jump on the $15 minimum-wage bandwagon, they might want to look at what's happening in Massachusetts — one of two states with a $10-an-hour minimum wage. Massachusetts increased the minimum wage from $8 to $9 at the start of 2015 and to $10 on the first day of 2016. The state is now mired in its longest stretch of net job losses since the recession in both the retail and the leisure and hospitality sectors, Labor Department data show. 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. The people, who are for raising the minimum wage, are people who think that the reason for poverty is because of the minimum wage not being high enough. The first standard minimum wage is formed under the "Fair Labor Standards Act of 1938, the nationwide minimum wage was designed to lift millions of American workers out of poverty and to stimulate the economy"(Wittner). Today the people that are in favor of raising minimum wage believe that there should be another "Fair Labor Standards Act" to raise the national minimum wage to ten dollars and seventy-fo... ... middle of paper ... ...e, but in the end it is up to the states and government to increase minimum wage across the U.S. So just think about what would be the best option for our country, and support that choice because the argument for increasing minimum wage has been going on for a long time and will keep going on into the future. Works Cited "American Enterprise Institute." Why We Shouldn't Raise the Minimum Wage. N.p., n.d. Web. 13 Mar. 2014. "Bill Gates: Raising Minimum Wage Can Destroy Jobs." The Foundry Conservative Policy News from The Heritage Foundation. N.p., n.d. Web. 14 Mar. 2014. Stern, Andy, and Carl Camden. "Why We Need to Raise the Minimum Wage." Los Angeles Times. Los Angeles Times, 10 Mar. 2013. Web. 12 Mar. 2014. Wittner, Lawrence. "The Minimum Wage Should Be Raised." The Huffington Post. TheHuffingtonPost.com, 10 Nov. 2013. Web. 12 Mar. 2014.
More than 4.6 million people live in poverty in the US. A question often raised when talking about minimum wage is, would raising it lower this number? The consensus is, yes, it would. If the federal minimum wage was raised, at lot of peoples’ incomes would grow, not just low wage workers. As employers shifted their pay scales upward, many incomes would grow. According to Jared Bernstein, the former chief economist of the Obama Administration, this isn’t as relevant as the impact is would have on low wage workers. He explains how, although many other people would benefit from an increase in minimum wage, most of the help would go to those who need it. He also notes, “We must be careful not to be wedded to poverty thresholds that are inadequate measures of who needs the help.” If the minimum wage was raised to $10.10 per hour, 2 million people would be lifted out of poverty (US Department of
In “Why raising the minimum wage is good economics”, John Komlos uses his knowledge and experience in the field of economics to explain why Congress should raise the federal minimum wage. He makes his case by comparing low-wage workers to Russian serfs and relating the hardships of the working poor. According to Komlos, a person working full-time at a minimum wage job makes about $12,000 a year after taxes, just above the poverty line for a single person. He also points out that America’s federal minimum wage is well below that of other industrialized countries.
Throughout the decade, a continuous firing debate still remains, whether to raise the minimum wage or keep as it is. People believe that raising the minimum wage can hurt the economy. More will lose jobs than gain. Though all are true, the amount of poverty shown throughout the decades are jaw dropping. That is in fact one of the leading factors. As there is yin and yang, the demand for a higher minimum wage is no coincidence or selfishness as others perceive as is. The poverty shown throughout the decade is deadly prominent. Minimum wage should be raised as people are not gaining enough money compared to the past, despite with more education, too many low quality jobs, “in active” unemployment are outcasted from the statistics, and finding jobs is more difficult than it was decades ago.
Nader, Ralph. “America’s Miserly Minimum Wage Needs an Upgrade.” The Wall Street Journal. Dow Jones & Company, 15 Apr. 2013. Web. 21 Oct. 2013.
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
Should the minimum wage increased to $10.10 an hour? This has increased over the years and everyone has their opinions. Those who are in favor of increasing minimum wage to $10.10 believe that more money will decrease poverty and the unemployment rate. Those who oppose the increase in the minimum wage, believe that it should not be increased and should stay the same, because it will cause businesses to close up because they are not making enough money to survive in the economy An increase in minimum wage would have to make the employees work harder to make increase sales of the business. I believe that the minimum wage should not increase to $10.10.
America is currently working on the issue of whether the minimum wage should be increased from $7.25 to $10.10 and economists are studying the effects of the possible increase. Minimum wage workers deal with struggles such as affording health care, paying for education, providing food for their families, putting many hours of work in while making little income and paying their bills. America’s decision to raise the minimum wage would help low wage workers to make higher incomes and would overall strengthen the economy, pulling Americans out of poverty. Americans may hold a minimum wage job if they do not have money to attend a college or university to obtain a degree in order to find a career.
The minimum wage being too low has been a public issue in America for generations. Basically, the debate includes two different opinions. Firstly, people who want to raise the minimum wage, and second, people who would rather is stay the same. The overwhelming majority of liberals are on the side that favors a raise. Additionally, a somewhat smaller proportion of conservatives favor the change as well, but for different reasons. The liberal opinion on raising the minimum wage is based on the idea that putting more money in the people’s pockets, will stimulate the economy, and decrease poverty. The problem that conservatives and liberals alike have with this, is that a few direct consequences are proven to apply when raising wages. Some proposed consequences include unemployment, inflation, and unfairness to higher educated people. Another main point is that raising the minimum wage is thought to helps small business by increasing worker satisfaction. This issue of minimum wage has become increasingly popular and important in current times, as president Obama has proposed the idea of raising the minimum wage of contract workers to 10.10$ 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
All in all minimum wage should be increased. Every decisions made by the federal government has its disadvantages. What action doesn’t have its disadvantage? Raising minimum wage benefits majority of the population and that’s what everyone should be thinking about. This has been an argument for years and some states in the United States has raised their minimum wage, all we need is for other states to do the same, so everyone can benefit from it
A minimum wage is an hourly wage that is established by the government which represents the minimum amount an individual receives per hour. The federal minimum wage was established in 1938 under the “Presidency of Franklin Roosevelt” (Henderson). Currently, majority of the states have their minimum wage less than $10. However, the federal government wants to increase the minimum wage to $12 across the United States. The federal government believes that increasing the minimum wage will assist numerous people in the United States as most individuals are working in a minimum wage job to support their families. About “75.3 million people ages sixteen and over worked for hourly wages in 2008, according to the U.S. Department of Labor’s Bureau of Labor Statistics” (“Minimum Wage”). Meaning almost a quarter of the workforce of this nation are working a minimum wage job. Numerous people believe that these workers are not able to make their ends meet, and increasing the minimum wage will help these individuals substantially. Even though people believe that increasing the minimum wage will benefit the society, they tend to overlook the drawbacks of increasing the minimum wage, and how it will prove to be detrimental for the society.