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…
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 not just about somebodies income. Raising it will have much greater affect on the economy. The cost of goods and housing will go up. The reason the price of those things will go up is because we still have to help cover the cost of workers. By increasing the minimum wage it will decrease ones desire to further their education.…
in lemons). Cooper has a very valid point in this statement. By raising the minimum wage, it allows people to function on their own. It allows them to feel secure about their money, more so then they did before. They feel that they have some breathing room in the situation, and don’t have to scramble for money. Yes, raising the minimum wage will not help immediately, but in the long run it will have a lasting effect on the person’s financial situation. Last year my mom received a small raise, and it didn’t really help at first, but later down the road we were able to pay off some things and get ahead. People just need that little bit of security to help them keep going in…
I believe that it is fair to pay teens less than adults. In the U.S today, teens aren't able to work up to their full potential due to factors such as laws regulating their work hours and even school work that limits their time. Teens aren't even able "to operate a cardboard-box compactor" at a grocery store as stated by Bob Battles. Plus, teens lack the experience to be performing at the same level as adults because of their lack of more education. Bob Battles even states, "...it makes more sense for them to hire older, more-skilled workers instead of teens." However, this lower wage doesn't just apply to the adults' needs, but also teens. By having lower wages, teens are able to be hired easier and gain the work experience that they may…
The earnings of minimum wage workers are crucial to their family’s wellbeing. Raising the minimum wage would help uphold some working families exceed the poverty line by mostly solving the primary problem with current minimum wage rate: it has failed to keep pace with inflation and the rising cost of living. In addition to providing a much-needed boost to low-wage families, increasing the minimum wage would also have other positive economic effects.…
Boosting the minimum wage would make exiguous people want to earn a degree, when they could be making the affiliated amount at a minimum wage job. If the minimum wage increases, it will affect our country in a mass of ways that will not make many too happy. This will put a great deal of people in a much harder situation, and make it harder for them to live. It’s been proven by various people that our economy would become more abominable than it is by getting minimum wage raised. Society believes doing this is doing us all a favor, when certainly, it’s just going to make it more difficult.…
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.…
By raising the minimum wage would help workers to rise their family. The number of homeless people are increasing and more people that once were in middle class are going to a lower class. This changes is affecting the economy and are living people homeless. However, if the minimum wage is raised it could help a lot of families who are or about to be homebles. Raising the minimum wage is beneficial to people and also the economy.…
Another reason why I believe it would be beneficial to raise the minimum wage is because of the fact that it would help our economy in the long run by increasing consumer spending. If minimum wage was to be raised, then people would earn more money to the point where they are able to pay for their basic necessities and still have money left over; this would cause to an increase in consumer spending, and that would not only be beneficial to businesses, but also to the economic growth in local and national economies.…
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…
Parents won't have to worry about their kid/kids not being successful in the future. Building up appearances in schools is part of the reasons why colleges choose their students. The web page states, " Increasing the minimum wage would allow teens to work fewer hours for the same amount of pay giving them more time to study and reducing the likelihood that they would drop out of high school." Fewer drop outs and greater participation is a possibility that would happen if the minimum wage is…
Minimum wage is the lowest amount of money earned per hour by a worker authorized by law. The federal government allows each individual state to set its own minimum wage amount. The current federal minimum wage stands at $7.25 per hour. Increasing the federal minimum wage can help many people, but it also has many drawbacks. Consumer prices will skyrocket and cause inflation, when money becomes less valuable, if the federal minimum wage increases. Also, increasing the minimum wage causes employers to hire fewer people, causing unemployment. Finally, the government should consider smarter ways to help the lower class earn more money such as implementing a direct wage subsidy or increasing the earned income tax credit. Raising minimum wage has the negative effects of causing unemployment and does not raise many people out of poverty.…
Some may argue that raising the minimum wage could potentially increase unemployment rates. As David Henderson says: "A comprehensive survey of minimum wage studies found that a 10 percent increase in the minimum wage reduces employment of young workers by 1 to 2 percent." The increase in the minimum wage entices some teenagers who should be in high school or college to drop out. These students take the place of other potential workers. A minimum wage Increases in the minimum wage can actually give some families higher wages while putting some out of…
A high school student that has a job or is thinking about getting a job knows what minimum wage is because they know how little it is. Minimum wage is a set p/hr earnings an employer must pay his or her employees. Oregon is one of eighteen states in the U.S. that has set a higher minimum wage then the federal law of only $5.15 per/hr. For many years there has been a debate on weather or not highirng the minimum wage helps or hurts the economy, in most states with a higher minimum wage it has shown an increase in that states economy.…