Minimum Wage And Its Effect On The Economy
Minimum Wage
In today's society it’s expensive to live in America day by day it is very difficult especially if you are living on minimum wage will be showing you some facts about minimum wage and its effect on the economy Minimum Wage is one of the most debated topics it has caused so much speculation over the years but let's start with the facts according to ( Drew Desilver) says The restaurant/food service industry is the single biggest employer of near-minimum-wage also About 20.6 million people (or 30% of all hourly, non-self-employed workers 18 and older) are “near-minimum-wage” workers.
All over America the majority of people are in favor of a raise in minimum wage without really thinking of the consequences it could have have A minimum …show more content…
She also loses $88 in food stamp benefits and $528 in child-care subsidies Raising the minimum wage causes a temporary spike in spending power. Landlords raise rents as tenants are willing and able to pay more The Alberta Hotel and Lodging Association (Canada) found that a sudden and significant increase to the minimum wage would result in increased prices for food & beverage, guest rooms and meeting facilities
I've Spoken over a very debatable idea in this essay i hope i was able to help you think of the rise in minimum wage from a different viewpoint minimum wage would lead to a rise in consumer goods and manufacturing prices and plunge us into chaos unemployment would be spiking and the cost of everyday things will dramatically go up in price the cost of houses could go up by over 30-40 % says (nbc.news) america needs to wake up and figure out how we can fix this economy and eliminate poverty through various programs that help communities across the country get people off their
In today's society it’s expensive to live in America day by day it is very difficult especially if you are living on minimum wage will be showing you some facts about minimum wage and its effect on the economy Minimum Wage is one of the most debated topics it has caused so much speculation over the years but let's start with the facts according to ( Drew Desilver) says The restaurant/food service industry is the single biggest employer of near-minimum-wage also About 20.6 million people (or 30% of all hourly, non-self-employed workers 18 and older) are “near-minimum-wage” workers.
All over America the majority of people are in favor of a raise in minimum wage without really thinking of the consequences it could have have A minimum …show more content…
She also loses $88 in food stamp benefits and $528 in child-care subsidies Raising the minimum wage causes a temporary spike in spending power. Landlords raise rents as tenants are willing and able to pay more The Alberta Hotel and Lodging Association (Canada) found that a sudden and significant increase to the minimum wage would result in increased prices for food & beverage, guest rooms and meeting facilities
I've Spoken over a very debatable idea in this essay i hope i was able to help you think of the rise in minimum wage from a different viewpoint minimum wage would lead to a rise in consumer goods and manufacturing prices and plunge us into chaos unemployment would be spiking and the cost of everyday things will dramatically go up in price the cost of houses could go up by over 30-40 % says (nbc.news) america needs to wake up and figure out how we can fix this economy and eliminate poverty through various programs that help communities across the country get people off their