Raising The Minimum Wage Essay

Raising The Minimum Wage Essay

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Raising the minimum wage to a higher amount than what it currently is will increase the cost of living. This means that the cost of housing food, clothing, utilities, and even gas will rise. A raise in the minimum wage could also cause businesses to close their doors due to having to pay employees more on their paychecks. Also, this will give people a free pass to get a higher pay, but be allowed to slack at doing their jobs. A raise in wages will make cost of products go up, so then employers will not be able to afford to pay employees the higher minimum wage. Another issue caused, would be that it will cause an increase in job loss.
“Raising wages would boost employee paychecks, but it could cause cost-conscious companies to reduce hiring” (Baskin). Also as Alison Doyle announces in her article “2017 Federal and State Wage Rates”, “Please note that some employees are exempt from minimum wage requirements, such as those who are not protected by the Fair Labor Standards Act, such as tipped wait-staff, and/or others can be paid at a lower rate than minimum wage” (Doyle). Private contractors are also exempt from minimum wage.
Kara Baskin summarizes, within the past 20 years though out the U.S., the median wage has been at a standstill. The question that is being asked is, what way can we raise the minimum wage and boost employment at the same time? Well to answer that question, there are three different ideas that can help with this, making the Earned Income Tax Credit broader, make a comeback in education, and put a decrease in occupational licensing. An increase in the minimum wage could greatly improve the lives of Americans by creating more jobs, improving public health and helping families spend more time together.
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... than one job will increase tiredness in employees causing them to not want to go into work. Which then results in more stress, because not being able to go into work means less money on their paychecks. Health risks that were not known about before the strain from working all the time could be more severe than it could have been. It could result in being put into a hospital if employees are not careful.
As you can see raising the minimum wage comes with lots of benefits as stated earlier as getting to spend more time with family and not living paycheck to paycheck. In my opinion if we raise minimum wage, we could have a better quality of life. It will give us a chance to move up in society and become better members of it. This will give the United States population who are making low income a better chance of paying off debt and able to move up the economic ladder.

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