In a position of the ethical egoist, it would be more complicated to choose one of the wages because it varies. The reason it varies is the ethical egoist states that what matters is the best choice for the individual self. This varies from person to person. No person thinks alike so one person could be for minimum wage and the ethical egoist would say increase it since that’s what he wants, but another individual would want no minimum wage and the position of the ethical egoist would be different because they have different ideals and since they believe no minimum wage would benefit them than the ethical egoist would approve of that. Since it depends on the person you would have to look at the approach from three different people who support each position. An ethical egoist would support no minimum wage if it was a manager or an owner since the manager would want to make more money from cheap labor, they could fire anyone and hire more people …show more content…
The minimum wage should vary based on the location of where you are living. Certain places are more expensive to live in so the minimum wage should be slightly increased to secure that all workers have a place to live in. The minimum wage should not be increased to $15 dollars an hour because that will cause many problems in the future. Unemployment will began to increase because managers and store owners will find ways to decrease the employee staff and still have just enough employees to efficiently run things. For example Fast Food employees who do the same job that does not require much effort, should not earn the same amount as people who work and do Hard Labor who barely earn above minimum wage. Another reason raising Minimum wage would be a bad idea is inflation will most likely occur. Prices on food, rent and other necessities will take on some certain percentage increase which will cause people to not be as
While some may feel increasing wage will create additional financial issues, others feel that increasing minimum wage will give workers more money. The national minimum wage in the United States is $7.25. Employees and lawmakers feel that increasing the minimum wage to $10.10 will help boost the economy. The increase of minimum wage will bring people out of poverty and will be able to stimulate the economy by buying more items. This will help the nation pay back more debt and bring in more revenue for the country. Besides a positive effect with the nation as a whole, it will help workers financially. For example, by working thirty years with earning only minimum wage, some workers will benefit from increasing minimum wage. They can finally pay off old debts and loans since they will have more money in their pocket. Also, they will be able to pay bills on time and not have to pay a late fee. An increase in minimum wage will allow them to have additional money to buy items they need. Another way increasing minimum will help people is more independence ...
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
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.
The minimum wage will always be a controversial topic to debate. People are going to protest someday to raise their salaries because they cannot struggle to pay off the increased cost of living expenses. Also, more employers are going to cut off their worker’s hours or get the worker lay off. By raising the minimum wage to $15, people must accept the pros and cons because this a topic will always affect the entire community.
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.
In recent years the minimum wage has been a heated topic. People want to hike it up to 15 dollars an hour which they call a living wage, while others just want to keep it the same. There are also others that suggest to bring the minimum wage to around $10.78 an hour, which should be around the minimum wage now if we account for inflation from the 1960’s. I agree with that to a certain point. We as a nation need to bring up the minimum wage only up to ten dollars so that less people are living in poverty, and not any higher so that states with smaller economies don 't crash and burn.
A raise in the minimum wage is only a temporary solution to fixing the problems in the United States. The federal minimum wage was introduced in 1938, during the Great Depression, and has already been increased 22 times. There are already 19 states that pay their employees well over the federal minimum wage. The highest minimum wage in the United States is in Seattle, Washington, and is set at fifteen dollars an hour. Interestingly enough, if minimum wage followed inflation, then it would be set at $4.24 an hour, which means it is already $3.01 over that amount that it should technically be (James Sherk 2013). Continued increases of the minimum wage in the United States need to be stopped as it will result in devastating impacts on low-skilled
There are indeed risks of raising the minimum wage, but the rewards outweigh those risks, so the minimum wage should be raised. Some people who are against this may say ...“But other economists say raising the minimum wage actually hurts the very people it's designed to help: One of the basic laws of economics is that if you raise the price of something, there will be less demand for it. In this case, if you raise the price of workers, the demand for workers will decline. That could mean companies cutting the hours of employees, laying them off, or hiring fewer workers in the future.”... Yes, it could hurt the people it is designed to help, but different states have done this and found the opposite to be true. With America’s still fragile economy we need a boost, a helping hand; And this could be it. So next time you go down to vote on a mayor or maybe even the next president, remember that raising the minimum wage is a good thing, and you should be supporting
In conclusion, minimum wage workers need an increase in their incomes. They need more money to provide food, shelter, and other necessities for their family and themselves. Minimum wage should be increased because poverty will be reduced, it will be good for the economy, and provide more for families. Raising the minimum wage is also about reducing the inequality of it.
Minimum wage should be increased because millions of Americans will be saved from a life of poverty. With inflation increasing every year, it is necessary to raise the minimum wage to keep up the living cost.
I feel that minimum wage should be higher because for anyone to make a decent living they have to make the money. However, if the minimum wage was higher some individuals could make a better living for their families instead of living in poverty. My take is minimum wage has a big effect on the world today and if things don’t change the world will never change. People will continue to be on welfare because they can’t afford to feed their families making minimum wage.
Currently, the federal minimum wage is $7.25 an hour. I believe that the minimum wage should be changed to about $11.50 an hour. I say this because when I was in 6th grade, everyone did a spreadsheet of how they were able to live off minimum wage. Our results showed that if you could live off of minimum wage, you would have to live off of next to nothing. A minimum wage of $11.50 would allow for minimum wage workers to be able to have a happy, successful lifestyle. No one wants to live in poverty or have to go hungry for a meal. That’s why I think the minimum wage should be raised.
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.
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.