Government Should Raise Minimum Wage

As of 2014, 21 states have larger minimum wages than the federal minimum of $7.25, but our national government still has not gotten the message that America needs its minimum wage to be raised (Jost 76). Raising minimum wage has been a hot topic ever since its conception in 1938, back when minimum wage was only $0.25 (“Minimum Wage”). Although it is a successful tradition to raise minimum wage to match inflation and match people’s needs, some individuals believe there is no need to raise it. Many others believe that raising wages will boost the lifestyle of those who support themselves off of minimum wage and even everyday consumers who use products made by minimum wage workers. Because it minimizes the cost for employers, it helps the government,
In fact, Raising minimum wage is good for employers because although labor is more expensive, employees are happier and thus more productive. Additionally, employees won’t be leaving and less money would be spent on the costs of hiring and training of employees (employee turnover) (285). If employers pay more than minimum wage, their workers will be more profitable and profit will be greater than the cost of higher wages. When more labor is required, the wages earned should rise, too (“Minimum Wage”). The source is conveying that in an age of great production and hard work, employees should be rewarded accordingly. If the US raises minimum wage and has workers do less labor, employers actually save money by not paying for cheap, unnecessary labor. The opposing view suggests that higher wages will result in larger costs for companies. However, cheap labor that is not being profited off of ends up being more expensive that slightly more costly labor that is being always being profited off of. The low cost of raising minimum wage is one of many different ways that boosting it has positive
First, raising minimum wage would allow those wage earners to have more access to credit (“Minimum Wage”). This would let low wage earners buy more expensive items based on credit. If there are more consumers, then there will be a rise in economic growth. Next, minimum wage would finally have more buying power because it would finally correspond with the ever growing inflammation (Jost 77). Again, this creates more consumers that will purchase goods that will in turn boost our economy. Although the opposing view argues that an increase in labor calls for an increase on the price of goods which amounts to less consumers being able to purchase goods, they have it wrong (“Minimum Wage”). To refute, low wage workers will be able to buy slightly more expensive goods because their new wages will be high enough to cover the cost. Besides, 21 states already have higher wages than the federal minimum, and they are doing just fine (Jost 76). When America finally gets around to raising the minimum wage, we will see more economic