According to the United States Department of Labor in 2012, “3.6 million workers earned wages at or below the federal minimum wage standard.” Minimum wage is a social problem that affects millions of people. There are several reasons minimum wage should be increased and it would affect the whole country in a more positive way. The government should increase 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. I remember my first real job experience, it was my first year in college, and I got a job the first week at one of the dining halls on campus. While I did receive some financial aid, it was not enough to cover all my expenses, which included books, part of my courses, mandatory dorm expenses (think of it as rent), and anything else I needed for school. I worked thirty to close to forty hours a week, at seven dollars and twenty-five cents an hour, all while going to school full-time. I made just enough to live by and that was still cutting it close some months. The government should increase minimum wage to what some call “living wage”. The current minimum wage is impairing those who are doing their best to support themselves and if they have them, their families. Based off of studies and a 2010 census cost of living index, Benefits of Raising the Minimum wage, composed a setting of a life of individual trying to support a family on minimum wage. “The average worker, working two-hundred and fifty days, forty hours per week will earn about fourteen thousand five hundred dollars a year on minimum wage… The monthly expenditures don’t come even close to covering cost of living in most areas.” If the f... ... middle of paper ... ...ecause by increasing the minimum wage, you also increase the chance of consumer spending. With a higher minimum wage and people able to support and pay living expenses, they have more income to spend elsewhere. People tend to spend more if they have the money to do so, which contributes to the GDP, which helps kick start the economic recovery. 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.
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By raising minimum wage it will in fact save the government money. With people earning more, they can provide more. It may help people get off food stamps, a supplemental nutrition assistance program because they now can afford food. In fact, children would be more financially secure due to the increase in their parent’s income. Raising the wage of Americans should be the first step into the fight to eliminate poverty. It will allow people to be paid the amount they deserve, help many low income families surpass the poverty line, and allow them to be more financially stabled.
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.
Therefore, raising the minimum wage is beneficial to the economy as it creates jobs and raises the income of millions of people across United States and Canada. The government needs to raise the minimum wage as it raises the income of people, which saves the taxpayers money and allows it to be used on things such as schools and fixing roads. Also, increasing the minimum wage creates wage growth, which helps grow the GDP, as people have more disposable income. Lastly, increasing the minimum wage reduces the wage gap between the CEOs and working class, with the purpose of distributing more of the profits to the working class to help pay for health care and education. In today’s world of capitalism, there should be a cap on how much one can make in a year in order to help the working class, who ultimately help keep the companies in business.
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
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.
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.
There have been many arguments going on whether minimum wage should be increased. This action has its pros and cons. It can benefit many families as living cost has gone up, price for education is rising, and college students are in huge debts. Minimum wage has been around for ages. Minimum wage employment was a temporary condition for people to earn little payment until they moved on to a better paying job. These jobs helped build résumés, experiences, and skills for a better career. As years went on that idea began to demolish into a job that many families can get to survive and pay for their expenses. It has become the easy way for people to get easy pay.
At first I felt that the minimum wage should have been left alone. However, with my finding of new evidence i found that an increase in minimum wage could greatly help the economy grow. If things stay the same it could take ages for things to improve. truth be told no one will ever truly know what is going to happen. America just needs to take a leap of faith and hope for the best. Should the minimum wage be increased? Yes, The minimum wage should be increased because recent evidence shows that with the increase of minimum wage the economy will grow more rapidly and in the long run will benefit everyone.
People that earn more than minimum wage have worked hard to get there, and they should be rewarded with a higher paying job because of the work they have done to get to their higher paying positions. People who are working minimum wage jobs and protesting for more money often do not put in the same amount of work as the people who have higher paying jobs. The reason why people want to raise the minimum wage amount are sometimes vague and unclear, but the negative effects of raising the minimum wage is very clear. Raising the minimum wage would cause inflation, decrease job value, lower job opportunities, and hurt smaller businesses. Although there are some alternatives to raising the minimum wage amount, raising the minimum wage is a dangerous cycle and there are more negative effects than positive
Raising the minimum wage would increase the cost of doing business, which would have a negative effect on the still-fragile economy. The unemployment rate in America is 6.7 percent, which translates to eleven million Americans looking for jobs. With a hike in the minimum wage it would be harder for businesses to hire new employees or even keep the ones they already have. As an affect of the minimum wage hike, businesses would have to raise prices, hire fewer workers, reduce the number of hours employ...
Another argument for raising the minimum wage is that it would provide a “living wage”. The problem with this argument is that employers are willing to pay their workers for their production or the perceived value of productivity. Minimum wage jobs were never meant to be careers and in fact are mostly viewed as entry-level jobs. Minimum wage jobs were never meant for professors or doctors. Instead, they are meant to help low-skilled workers gain experience and job
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.
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
It is very difficult to live in America if you are living off of minimum wage, and many Americans are living off of it today. Raising minimum wages has its benefits like gaining more money to live better, but people do not see the down side of the increases in wages. With the increase in minimum wage, it also causes the cost of living to increase. How can this help the economy or help people? Minimum wages in America should not be increased because it will cause cost of living to increase, reduce employment, and cause businesses to lose money and workers.
Today the federal minimum wage is $5.15, but should be about $8.50 if Congress had adjusted it for inflation over the past 35 years. While $5.15 may not seen that bad, when factoring in such variables as sky rocketing gas prices, budgets can get pretty tight. David Shepard, a sophomore at Wayne State University, worked at a Meijer Retail and Grocery Superstore for over two years while in high school. At the time Shepard lived with his parents and didn’t have to worry about paying rent or buying groceries, all that he had to pay for was filling up his gas tank and paying for his car insurance. Shepard recalled, “It was all I could do to pay for the basics like gas and bill’s, I barely had any money to have fun on the weekends”. This is only an example of a high school student that can nearly slip by on minimum wage with only a few expenses. There are 1.8 million people in America with children under the age of 18 that would benefit from an increase in minimum wage (Minimum).