Essay On Raising The Minimum Wage
What would happen if the Minimum Wage Increase?
In 1938, Franklin D. Roosevelt introduced the Minimum Wage bill in America during the Great Depression. The minimum wage started at twenty-five cents an hour in 1938, and is now $7.25 an hour. Today Americans favor raising the federal minimum wage from $7.25 to $10.00 per hour. Raising the federal minimum wage would prove to be more of a negative change than a positive move because it would force small companies to close their doors. It would also increase the price of consumer goods, and make it more difficult for teenagers and young adults to find work.
The Fair Labor Standards Act of 1938 is a federal statue establish to guarantee time-and-a-half for workers who worked over time and to prohibit children under the age of 18 from doing dangerous tasks. The Fair Labor Standards act was established because back in the 1800’semployees are working 40 to 50 hours a week with little to no pay, at least half of …show more content…
Ten dollars an hour is a lot to pay your employees if you have a small business, especially if you are just starting out. After paying for equipment, supplies, leases, and inventory a $10 wage could possibly be too much to handle. According to a 2013 Gallup Poll, 60% of small business owners state that raising the minimum wage would hurt them. A Venice based coffee shop owner stated “It’s already tough to offer a business to the community and keep my head above water. Honestly, I’d go under with that kind of increase.” Imagine just a few weeks ago you opened up a brand new shop, made barely enough money to cover your lease and are still trying to pay off a loan you got from the bank to open up your business, only to find out you have to start paying your workers a ten dollar wage, you will be neck deep in bills and you just cannot afford your workers yet until your shop gets a lot of
In 1938, Franklin D. Roosevelt introduced the Minimum Wage bill in America during the Great Depression. The minimum wage started at twenty-five cents an hour in 1938, and is now $7.25 an hour. Today Americans favor raising the federal minimum wage from $7.25 to $10.00 per hour. Raising the federal minimum wage would prove to be more of a negative change than a positive move because it would force small companies to close their doors. It would also increase the price of consumer goods, and make it more difficult for teenagers and young adults to find work.
The Fair Labor Standards Act of 1938 is a federal statue establish to guarantee time-and-a-half for workers who worked over time and to prohibit children under the age of 18 from doing dangerous tasks. The Fair Labor Standards act was established because back in the 1800’semployees are working 40 to 50 hours a week with little to no pay, at least half of …show more content…
Ten dollars an hour is a lot to pay your employees if you have a small business, especially if you are just starting out. After paying for equipment, supplies, leases, and inventory a $10 wage could possibly be too much to handle. According to a 2013 Gallup Poll, 60% of small business owners state that raising the minimum wage would hurt them. A Venice based coffee shop owner stated “It’s already tough to offer a business to the community and keep my head above water. Honestly, I’d go under with that kind of increase.” Imagine just a few weeks ago you opened up a brand new shop, made barely enough money to cover your lease and are still trying to pay off a loan you got from the bank to open up your business, only to find out you have to start paying your workers a ten dollar wage, you will be neck deep in bills and you just cannot afford your workers yet until your shop gets a lot of