Issue of Raising the Minimum Wage Essay

Issue of Raising the Minimum Wage Essay

Length: 1520 words (4.3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Life is a struggle and finding a job and paying your bills is not always easy in this world today. A major debate that has been an issue is whether there should be a law to raise the minimum wage. The minimum wage is the lowest hourly salary an employer can pay an employee for their work. According to Williams (2013), “The minimum wage was signed into law by President Franklin Roosevelt in 1938”. The first minimum wage was 25 cents per hour. Since then, the minimum wage has been increasing as the last increase of Florida's minimum wage was an increase of 14 cents on Jan. 1, 2014. This federal increase makes it 68 cents higher than the federal minimum wage of $7.25. Gibson (2014) states “Obama, who last year called for an increase in the federal minimum wage to $9 an hour, now plans to rally public support behind a bill in the U.S. Senate that would gradually boost it to $10.10 over the next two years”. After researching this topic very thoroughly, I have found that raising the minimum wage does have its pros and cons.
An increase in the minimum wage has many benefits for the people of the U.S. Increasing the minimum wage would advance the average living for many families already living under the poverty line. According to Jamieson (2011), “Jacking the federal minimum wage from $7.25 to $8.25 would give a raise to 10 million workers”. A minimum amount of income is extensive for workers in order to survive and pay the necessary bills to live. A regular full-time job is working 40 hours per week and with getting paid as little as minimum wage per hour, an average person will make about $1000 per month after taxes and such are deducted. With such high prices of living, rent by itself can take almost the whole paycheck if not more. H...

... middle of paper ...

...types of positions, there are types of taxes withdrawn. Consequently, tax revenues for the country are condensed. If the minimum wage was eliminated, the revenues would go up. Moreover, with smaller quantity of jobs accessible for illegals, they will not be as motivated to come into the country to begin with.
The minimum wage law has its advantages and disadvantages. In a sense it will help those less educated/skilled support their families and be able to afford the costs of life. The minimum wage keeps employees guaranteed to make the bare minimum. Without minimum wage, employers could put any price they wanted on labor. Nevertheless, minimum wage does hurt business owners and keeps there business from running effectively because they have a certain budget they must pay their employees. Like anything else, the minimum wage law has its benefits and difficulties.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Raising The Federal Minimum Wage Essay

- It’s the holiday season once again, and as usual we will see a spike in protests about raising the federal minimum wage. It’s hard to see why this debate is still an issue, after all “If the minimum wage from 1968 followed with the inflation rate, the minimum wage would be $25 an hour” It’s a great slogan, but it’s also some serious points; how come the current federal minimum wage is so low. Should we raise it. How does this affect everyone me. Such a drastic jump from the current minimum wage to $25 could be disastrous to the very people the increase is seeking to protect....   [tags: Minimum wage, Employment, Wage]

Better Essays
1108 words (3.2 pages)

Essay on Raising The Minimum Wage Rate

- Nationally, there is a debate within society on the issue of raising the federal minimum wage rate by the federal government. The definition of a minimum wage is the least amount for payment of an employee by a company or firm. According to Daniel B. Klein and Dompe Stewart, the wage rate required by law provides that necessary device that will decrease poverty and provide a balance for purchasing power for workers in the economy (126). Many believe that raising the minimum wage will help the economy, but studies show otherwise....   [tags: Wage, Employment, Minimum wage, Employee benefit]

Better Essays
1096 words (3.1 pages)

Essay on Why Raising The Minimum Wage Is Good

- Powerful, resilient, and valiant are often the first adjectives that come to mind when asked to describe The United States. America has persevered through many obstacles to become the most powerful nation in the world, earning and protecting the freedom that much of the world lusts for. However, success never comes easily, and even the strongest and most respected nation on Earth struggles with its fair share of problems. Asking citizens about which problems concern them the most, where the minimum wage is set often can be found at the top of the list....   [tags: Minimum wage, Wage, Employment, Working class]

Better Essays
1352 words (3.9 pages)

Raising The Minimum Wage Should Not Help The Economy Essay

- Raising the minimum wage will not help the economy The issue of whether or not to raise the minimum wage has been a subject that has been in the forefront both politically and socially as of late. A minimum wage is the lowest hourly rate of pay that employers must pay their workers and is mandated by the federal government. Raising the minimum wage would actually hurt the economy because doing so would do little to lower the poverty rate, would increase unemployment for less-skilled workers and result in higher prices for goods and services....   [tags: Minimum wage, Employment, Wage]

Better Essays
902 words (2.6 pages)

Essay The Wage Of Minimum Wage

- The law has set an hourly wage rate called minimum wage. For American workers, some local and state governments have established higher minimum wage. The idea of minimum wage laws is applied around the world. These laws have ensured that people can make enough money to support their families and themselves. As of 2010, the United States’ minimum wage was $7.25 per hour (By the Numbers). Followers of minimum wage laws claim they are essential to aid in America’s reform. For example, America’s welfare programs require the recipients to find jobs....   [tags: Minimum wage, Wage, Employment, Working class]

Better Essays
1104 words (3.2 pages)

Minimum Wage Should Not Be Increased Essay

- There have been various conflicts for many years now in the United States economically. Wanting to raise the minimum wage to people who work in the fast-food industry that earn minimum wage is the biggest conflict. Majority of fast-food jobs pay minimum wage and are known to be for teen-aged workers not for an older person to make a living from. Although many people think raising the minimum wage would be a beneficial idea for the government so it can help the economy out. Minimum wage was never meant to be a feasible income; if minimum wage gets increased it would not benefit the poverty crisis in the United States....   [tags: Minimum wage, Unemployment, Employment, Wage]

Better Essays
734 words (2.1 pages)

Minimum Wage For The United States Essay

- In my short life, I’ve worked two minimum wage paying jobs. My first job was as a fry cook at Chick Fil-a when I was 16, and my second and current job is at Sports Authority. Minimum Wage is defined as “the lowest amount employers can their employees for each hour of work.” As minimum wage paying jobs, they were looked at, in my case anyways, as a way to have some extra pocket change and gas money. And that is the way most Americans view jobs such as fast food: as a place for teenagers to make money throughout high school and college and maybe even learn the value of a dollar....   [tags: Minimum wage, Employment, Wage, Laborer]

Better Essays
1509 words (4.3 pages)

Should The Minimum Wage Be Raised? Essay

- Rebekah York Professor Fields Composition 2 22 February 2015 Should The Minimum Wage Be Raised in Missouri. If you have ever worked for minimum wage, I am sure you have felt as if your time was worthless. The excitement of receiving your paycheck is quickly diminished after taxes are taken from your paycheck and are left with a considerably smaller amount. You are left with a feeling of disappointment, which quickly turns into fear as you wonder how you are going to make ends meet. Even though I have never worked for minimum wage, I have worked for server’s wage and have experienced the same fear....   [tags: Employment, Minimum wage, Wage, Unemployment]

Better Essays
894 words (2.6 pages)

The Minimum Wage Should Be Raised? Essay

- No one who works full time in one of the wealthiest nation on earth should have to raise a family in poverty. Every day for low wage workers is filled with struggle and anxiety. People are making heartbreaking decisions on which bill to pay, which meal to skip, and whether to buy a gallon of milk or a gallon of gas. The national minimum wage of $7.25 per hours is low. It has remained unchanged for five years while the cost of food, utilities, transportation, and others have risen. Raising the minimum wage to $10.10, and $13 by 2019 would benefit 28 million workers....   [tags: Minimum wage, Wage, Employment, Unemployment]

Better Essays
1124 words (3.2 pages)

Minimum Wage : Low Income Families Essay

- Low-income families can’t afford for the federal minimum wage to increase. The fight for a minimum wage increase will have a negative effect on low-income families if passed. Low-income families shall not have to worry about being put into more financial strain by a federal minimum wage increase. While increasing the minimum wage puts more money in the pockets of low-income families, it will also hurt those same low skilled workers. When the minimum wage increases it has to be paid by someone. The consumers....   [tags: Minimum wage, Employment, Wage]

Better Essays
732 words (2.1 pages)