The cost of living has sky rocketed,it has become almost impossible to rais afamily on a minimum wage job. A person live on his or her own can not survive on minimum wage job either. Their living expense would just be too much. The earnings of minimum wage workers are crucial to their families well being. That is way the minimum wage should raised.…
In a time like today, everyone who has ever received minimum wage could agree that it is not ideal, nor is it fair in most cases. However, to compare the brutality of minimum wage to that of slavery is preposterous! In slavery, especially the slavery that occurred in America, human beings lacked more than just proper compensation for their labor. Along with not being fairly rewarded: families were ripped apart by slave trades, dignity could never be gained, scare tactics and inferiority were at an all time high, women were raped, people were beaten almost to death, and the list goes on. There is no way to downplay minimum wage. People work extremely hard and don’t receive the pay that they deserve. Plus, let’s face it; the cost of living is so high today that most people can’t afford to live a good physical healthy life. With that said, minimum wage just doesn’t cut it and that aspect of it can be compared to slavery. Nevertheless, slavery and minimum wage are too entirely different struggles due to the fact that the hardships of slavery far outnumber the hardships of living off minimum wage. The main thing that makes slavery and minimum wage incomparable is the freedom of choice.…
As the minimum wage increases, so does inflation. If an employer has to pay higher wages, then the price of the product or service being produced will have to cost more in order to pay the employee. In return the prices of all goods and services will rise, and the person earning higher wages, makes no gain. In some instances, a pay hike would not make a livable wage, but in fact could make it worse. People who normally get tax breaks for having a low income, would now end up paying more in taxes and may actually end up making less money overall. Higher minimum wages force employers to cut back on training, which deprive low wage workers of any chance of long-term advancement, in return for a small increase in current income. Having higher wages for low-paid positions might also discourage workers from gaining new skills. In most circumstances, minimum wage workers may start off at minimum wage and then as time goes on and their skills are refined, they end up getting paid more. So while many people may start off at minimum wage, many of these people don't necessarily stay fixed at minimum wage. There are many minimum wage jobs that offer advancement…
Minimum wage is a labor standard that sets the lowest wage rate that an employer can pay its employees. Its main goal is to protect non-unionized workers in unprofessional jobs. The U.S. established the first minimum wage to be $0.25 an hour with the passage of the Fair Labor Standards Act of 1938 (FLSA). Over the changing time periods, considering inflation and economic growth, the minimum wage now stands at $7.25 an hour. One of the biggest debates in the United States is whether the government should raise the minimum wage. Supporters believe the minimum wage is too low and does not meet the basic conditions for survival, while opponents believe that raising the minimum wage will not be of significant help and will in fact hurt the economy…
201: Understand employment responsibilities and rights in health, social care or children and young people’s settings…
The minimum wage is the less amount of money an employee can earn hourly in a workplace. This was established to reduce exploitation and to guarantee employees the ability to support themselves and their family. The national minimum wage is now $7.25 and has been maintained the same since 2009. However, the cost of living has increased over the past decade. It’s almost impossible for someone living on their own or a single parent to reach an economic stability. By raising the minimum wage the poverty level will decrease as well of the government assistant and more student will graduate from higher education without the concern of a great amount of…
Since its inception, minimum wage legislation has been a highly debated topic with controversy surrounding its true effect on the economy. While some economists state that firms can afford to pay a higher minimum wage, others argue that a higher minimum wage is detrimental to employees and firms, especially small ones. This is because it will result in lower total revenue for the firms eventually causing them to go out of business or it will increase unemployment because firms lay off employees to afford to pay other employees the higher wage. In order to investigate this controversy, the following research question was developed for this essay: To what extent did an increase in the federal minimum wage from 1990 to 1995 affect the fast…
Many countries, both developing countries like China and developed countries like United States, in order to ensure workers a minimally adequate standard of living and assist unskilled workers and teenagers, they impose the minimum wage laws, which dictates the lowest price for labor that any employer may pay. Nonetheless, although the starting point of estimating minimum wage laws is good, many economists, such as American economists named Henry Hazlitt, indicate that the minimum wage is the worst method and wrong way to enhance the wage. Why is the minimum wage bad way? As we know, the minimum wage law is used to help the poor, however, it actually hurt them. Owing to the minimum wage laws, plentiful companies have to increase the wage of unskilled workers. Thereby, they will cut down some workers to reduce the cost. Workers, who are fired, are usually unskilled people that the government tries to help. As a result, the unemployment rate raises, and skilled workers have no impact or benefits from the minimum wage laws. Furthermore, in the bulk of developed countries, the minimum wage…
According to The Negative Effects of Minimum Wage Laws by Mark Wilson 49 percent of minimum wage workers are people under 24 years old. The majority of workers in this group live in families that overall make at least twice the poverty level. The other 51 percent are people 25 or older, but even within this statistic there are significant number who work part-time out of their own volition.…
The minimum wage is the lowest wage permitted by law or by special agreement, but as of late many minimum wage workers have been complaining about their low wage of 7.25 an hour. Many people also believe that the low minimum wage is the reason why a lot of people are in poverty and why there are so many poor people. Common sense would have you believe that if you raise minimum wage you raise the standard of living and you bring people out of poverty, right? Wrong. Contrary to popular belief that is not true AT ALL. Raising the minimum wage is not only bad for the economy, but it also does not help the poor it actually hurts them in a way.…
Everyone has had a point in their life where they were not satisfied with their pay- whether it’s at a fast food restaurant or a higher business job. Many teenagers and young adults start working at a low-wage job to gain experience and earn a little money. However, because of the minimum wage, many people get an education or learn required skills to shoot for a higher paying job making it a good reason why the current minimum wage isn't so bad. It gives teenagers a chance to gain work ethics and experience and encourage others to work even harder.…
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.…
The minimum wage today is less than what it was over thirty years ago. The minimum wage as of today is around seven dollars and fifty cents every hour worked. If you add up how much that would make a year, it would equal around 14,000 to 15,000 dollars a year for full time workers. For some family's, seven dollars and fifty cents is the only income they receive. The amount made from minimum wage lies on a thin sheet of ice and just right below is poverty. Increasing the minimum wage would beneficent everyone by establishing an increase in job growth, setting the stage for the poor so that their expense limit would be increased, and a jump in money being able to be spread around.…
Minimum wage is the lowest wage permitted by law or by a special agreement that can be applied for an employee or put simply, the lowest amount of pay that an employee can make. Governments set a minimum wage on businesses in hope for reduced poverty and increases in the standard of living. Minimum wages are beneficial up to a line, when minimum wage is too high, it makes businesses make crucial decisions and must save money by firing workers, reducing output, and increasing prices on products. Over the years, the federal minimum wage has increased and has been beneficial up to the minimum wage increase in July 24, 2009 from $6.55 to $7.25. After the increase, the unemployment rate has soared and businesses fired worker and increased their prices. For this reason, it would be beneficial to the economy if the minimum wage is reduced back to $6.55 because it will decrease the unemployment rate, increase GDP, and help youth and unskilled workers in the job industry.…
The minimum wage was first enacted into law as part of the Fair Labor Standards Act (FLSA) of 1938. The original minimum wage applied to workers engaged in interstate commerce and the production of goods for interstate commerce. In 1938, this applied to roughly 11.0 million workers out of a total of 54.9 million workers. The minimum wage was set at $0.25 per hour. However, by 1966 the minimum wage $1.25 and applied to virtually all workers. In its beginnings, the minimum wage was set at a value that was high enough for a person to live off of (Valetta 3). However, in recent years someone who works a job that pays minimum wage will fall well below the poverty line. Therefore, instead of somebody working three jobs to support their family, a…