Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Positive and negative impacts of raising minimum wage
Raising minimum wage positive effects
Raising minimum wage positive effects
Don’t take our word for it - see why 10 million students trust us with their essay needs.
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.
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.
“Franklin Roosevelt’s 1937 impassioned speech calling on Congress to help the one-third of Americans who were “ill-housed, ill-clad, and ill-nourished” heralded in the Fair Labor Standards Act of 1938 and with it a national minimum wage. Echoes of that speech are still heard today. Senator Edward Kennedy (1989: S14707), in his criticism of the most recent increases in the minimum wage, declared:
Well, raising the minimum wage has both 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 advocate raising the minimum wage will grow the economy for everyone. In 2014, the president of the United States, Obama, called on the current Congress to raise the national minimum wage, which proves that Obama 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 hour.’
As stated by Franklin D. Roosevelt, “the test of our progression is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” Many people may agree with this statement considering that the United States is such a wealthy country and in 2012, 46.5 million people were living in poverty in the United States and 15% of all Americans and 21.8% of children under age eighteen were in poverty.The honest truth is that many people do not know the conditions this group of people must live in on a daily basis because of the small number of people who realize the struggle there is not a great amount of service. In the article Too stressed for Success, the author Kevin Clarke asks the question “What is the cost of being poor in America?” and follows the question by explaining the great deals of problems the community of poverty goes through daily by saying, “Researchers have long known that because of a broad reduction in retail and other consumer choices experienced by America's poor, it is often simply more expensive to be poor in the United States.
Many people who are against the raising are being paid a good amount of money and have no idea how life is being born in a poor family and then bearing another child into poverty. This is stressful for them already and the least we can do for these people is to raise the wage so they can live an easier life. The myths have been debunked involving the rise, and now we can get to
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.
Some think that the minimum wage should not be raised, but others think that the minimum wage should be raised. If one had to be chosen, raising the minimum wage would be better. The minimum wage should be raised because if you were to work full time on minimum wage, you are below the poverty line; Also states that did raise the minimum wage above the federal standard have had more job growth than states that did not. Finally, "Minimum wage workers are much more likely to immediately go out and spend that extra money in the economy," says Heidi Shierholz of the Economic Policy Institute, which favors raising the minimum. "That's because they're often living paycheck to paycheck."
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
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.
On the other side of the argument Americans believe that with the increase of minimum wages it would help Americans out a lot more. One possible way that the increase in minimum wage may help an individual out is in the article Minimum wage Pros and Cons, “The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. Though this may be true, one problem
Some people do not like increasing minimum wages because of the reducing employment. Small businesses will not able to afford of paying more. Minimum wage jobs are not for people how...
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.
Although there are many American citizens and government officials who think there is no need to raise the minimum wage, research clearly shows that it will be much better to raise the minimum wage. This will help raise families incomes, maybe get the economy back on track and allow families to pay their debts. Now it is up to our government leaders to make the right choice and raise the minimum wage.
However, there are those who see it completely the opposite way. Stating that by raising the minimum wage the economy would be better. More people would be able to support themselves; therefore lowering the percentage of poor people and raising the middle-class numbers. It is also argued that this change would not increase the number of unemployment, instead it could potentially raise employment by creating more jobs. Holly Sklar states in her research article, “Research by Fiscal Policy Institute and others showed that states that raised their minimum wages above the federal level experienced better employment and small business trends than states that did not.”