Persuasive Essay: Raising The Minimum Wage
“We should raise the minimum wage so that no one who works full time will have to live in poverty,” once quoted by former president Barack Obama. Raising the federal minimum wage would increase economic activity and spur job growth. We should increase the minimum wage because it would reduce poverty. Increasing minimum wage would also increase worker productivity and reduce employee turnover. We need to increase minimum wage because a higher minimum wage would reduce government welfare spending. Everyone is more successful when people are paid a living wage. A minimum wage increase would help to reduce race and gender inequality. We need to raise the minimum wage to have a healthier population and prevent premature deaths. According to a
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According to Aaron Pacitti, PhD, Associate Professor of Economics at Siena College, raising the minimum wage would help reduce the federal budget deficit "by lowering spending on public assistance programs and increasing tax revenue. Since firms are allowed to pay poverty-level wages to 3.6 million people -- 5 percent of the workforce -- these workers must rely on Federal income support programs (Procon, 2017). This means that taxpayers have been subsidizing businesses. A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the …show more content…
Raising the minimum wage would make people want to actually go out and get a job in order to pay for the necessities that they need for everyday life such as paying for heat in their homes and paying for the water and light bills. Raising the minimum wage would also cause lower skilled workers to be hired more quickly or force them to go back to college in order to become more skilled and be placed out into the working world. If we were to raise the minimum wage, it would pull full-time working families, with or without children, out of poverty, and most likely out of all of the debts they are currently in. Raising the minimum wage would give the most optimal outlook for families
According to Aaron Pacitti, PhD, Associate Professor of Economics at Siena College, raising the minimum wage would help reduce the federal budget deficit "by lowering spending on public assistance programs and increasing tax revenue. Since firms are allowed to pay poverty-level wages to 3.6 million people -- 5 percent of the workforce -- these workers must rely on Federal income support programs (Procon, 2017). This means that taxpayers have been subsidizing businesses. A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the …show more content…
Raising the minimum wage would make people want to actually go out and get a job in order to pay for the necessities that they need for everyday life such as paying for heat in their homes and paying for the water and light bills. Raising the minimum wage would also cause lower skilled workers to be hired more quickly or force them to go back to college in order to become more skilled and be placed out into the working world. If we were to raise the minimum wage, it would pull full-time working families, with or without children, out of poverty, and most likely out of all of the debts they are currently in. Raising the minimum wage would give the most optimal outlook for families