Many business owners have argued that raising the minimum wage would cause hardship and cause businesses to raise their prices, but many workers argue that raising the minimum wage is necessary to help low-income workers to get out of poverty. Two main issues that workers face are insufficient wages to support their families which causes them to depend on government funding. Secondly, workers are faced with decreased job satisfaction due to making low wages. In my opinion, minimum wages should be increased because it will allow workers to feel that they have job security. Additionally, increased pay will allow people to further support themselves and avoid taking benefits from the government and can use…
My research leads me to stand behind the idea of raising the federal minimum wage, within reason. Doing so would raise the standard of living, it could create more tax money for the government, and workers would, without a doubt, gain more motivation to work harder and more diligently on the job. In my opinion, it would not be right to significantly raise federal minimum pay.…
All these articles mentioned above in my research focuses on both the benefit and drawback of minimum wage hike. We saw many voters want the minimum wage to go up, so that they can live a better life. Many other articles also show that in the long term its effect would be devastating. Minimum wage has both good and bad effects. We have to take into account the worker that works for minimum wage. They barely have anything left after all the tax money is deducted. It’s hard to maintain a family when someone works for that little money. We have also seen some solutions to minimum wage problems. For example: People are struggling to survive with the minimum wage we have now in many states. Minimum wage hike is necessary for those cities that have…
As stated in the pros column written by David Cooper, minimum wage should be raised to help people in poverty, help people pay for education, and to allow people to have some assurance when it comes to money. A raise in the minimum wage would help many people.…
While there are many opposing arguments supporting the raise of the minimum wage, there are far more compelling reasons not to. First, if the minimum wage were to increase, it would cost more for business to operate; therefore they would let go of employees or close altogether. Those now unemployed people would have to file for unemployment or find another comparable job at a larger company, who would most likely be looking to outsource work as well. America would lose business and money that could have been kept in our…
Should federal minimum wage be increased? Some say that it should be increased because it will create a better economy. Some disagree by saying that increasing the minimum wage would create fewer job positions causing employers to either make their product more expensive or reduce the number of workers.…
The minimum wage has the ability to ruin or stabilize our economy. The government must be more cautious in its implementation of the minimum wage. The minimum wage should not be raised because it will increase inflation, take away jobs, decrease job opportunity for untrained individuals, and hurt small businesses. A rising minimum wage will result in a higher price of goods and raise inflation of our economy.…
In 1938 the federal government established the Fair Labor Standards Act. This law marked the first time that employers were legally required to pay their employees overtime for certain jobs. When the law was first passed the country’s minimum wage was $0.25 per hour. The federal minimum wage applies to every state under Washington’s Constitutional authority to regulate “interstate commerce,” but several states have passed their own laws to raise the minimum wage above the federal $7.25 level. Nineteen states have requirements higher than the federal level, eight states are higher than $8 per hour, five states have no law of their own, and two still have level that are lower than the federal level. But you also must factor in that the cost of living differ amongst these states. The Fair Labor Standards Act has been amended twice, and minimum wage is typically increased every few years, but because of the Great Recession minimum wage has fallen behind inflation. In order for minimum wage to make up for value lost to inflation it would have to be increased from $7.25 to $10.55 (Sessions 2013).…
The current minimum wage should not be raised due to many reasons. If the minimum wage is raised, not only will the wage increase but also prices will increase for the reason that employers will…
Almost everyone in the world knows about the giant food chain, McDonald’s. Many of the employees who work at McDonald’s earn the federal minimum wage, which is $7.25. Many states across the country are now fighting for a higher minimum wage for everyone. Some states, like California have already started to raise the wage, and are currently on track to make a $15 minimum wage the law in California. Many believe that raising the minimum wage will bring thousands of people out of poverty and help low-income families who are above the poverty line. With a potential minimum wage hike, there would be catastrophic results. Minimum wage should not be increased above the federal minimum because unemployment will rise significantly, inflation will hurt…
For those who are paid minimum wage, everyday living is a struggle. Minimum wage is the smallest amount of money that a boss can legally pay their employee. As of now, the federal minimum wage is $7.25 per hour. When people are paid minimum wage they can’t live comfortably. Raising the federal minimum wage is imperative, even though some may think differently. If the minimum wage was increased, people would be able to earn a living wage standard, and avoid poverty; however, some would argue that by increasing the minimum wage would negatively impact the economy.…
Although workers under age 25 represented only about one-fifth of hourly paid workers, they made up about half of those paid the federal minimum wage or less. In my poll, 100% of you said you would be more likely to apply for a job if you were paid $15 minimum wage. Just based on the data I’ve gathered amongst you, raising the minimum wage would cause more employment, more business. Lastly, it will improve the country’s health. A 2014 Human Impact Partners study by Rajiv Bhatia, MD, found that raising the California minimum wage to $13 an hour in 2017 "significantly…
The value of raising the minimum wage would terminate the controversy of having a recession. According to David Cooper of the Economic Policy Institute shows that, the moderate perception of a typical minimum wage salary is a middle class family's income can be 52% are in households with income of less than $40,000 a year. The average share of a family income provided by a minimum wage salary would be at $10.10 is 50%. If the minimum wage be raised to $10.10 would generate $22 billion to help the economic interest, and convert to 85,000 new full time jobs. These jobs are produced when minimum wage workers have earn more money to spend on merchandise. This means more consumer demand to increase in the need of more employees to keep up with…
“My mom worked at McDonald's, and she decided she wanted to make more money, so she got into the management program at McDonald's. And that's how you move up the chain. It's not by demanding that minimum wage is raised; it's by actually acquiring the skills. That's the way that people get ahead in life.” Politian Raul Labrador expresses. According to At Issue from the SIRS data base, in 1938 the Fair Labor Standards Act successfully re-established a national minimum wage after it was battled between 1933 and 1935 by the Supreme Court. Critics of minimum we say it is not sufficient. They believe it should be changed to a living wage standard, which accommodates for economic factors that determine a wage that is able to provide the necessities…
Minimum wage should not be raised because it will cause loss of jobs. People would like minimum wage to be raised from $7.65 a hour to $15 a hour, low income…