economy.
economy.
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…
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…
I firmly believe raising the minimum wage would be an awful idea. People would think minimum wage should be raise, they are wrong and it will hurt them and everyone else. No one will want to attend college. All of the goods will increase in price, and we will lose our subsidies. The economy will be better off, if the government decides against…
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.…
The government should not raise the minimum wage.Nothing good can come from raising the minimum wage. And if any good comes from it will be cancelled out by all the bad. As unfortunate as it sounds, raising the minimum wage will cause a drop in the job market. If a major retailer had to raise their wages for their workers they would have to get the money from somewhere. That means a raise in the price of goods and the laying off of positions that could be replaced by automated systems. The repercussion of this is an increase in Demand and a lowering of Supply. This means along with the minimum wage increasing, so would the expenses associated with living. There would be an increase in the price of goods and services. A job Shortage would…
Critics against raising the minimum wage say that increasing the minimum wage would kill jobs and increase unemployment. Opponents of increasing the minimum wage use the 2014 report by Congressional Budget Office, "The Effects of Minimum-Wage Increase on Employment and Family Income" to support their policy of value (increasing minimum wage is bad). The CBO report…
The reason minimum wage should be raised higher is because people who work a job at places such as fast food,should be payed more. I say and support this reasoning because of what they go through dealing with customers. If minimum wage was raised higher then a lot of things would change.…
I believe that minimum wage shouldn’t be raised. I think that if it is raised then people are going to want more and more and they won’t be as motivated to work. I feel that people will be getting a hand out and that it is not fair to those who work their backs off. If minimum is wage is raised that it would cause a lot of problems. Yes it would be nice for those who work, but there are always those who will slack off and get paid just as much as a hard worker.…
Some Americans may vote for Donald Trump, but before placing a ballot at least consider having an open mind as to why Hillary is a good candidate. Hillary Clinton has been first lady of the United States, born in Chicago, Illinois, is apart of the democratic party, 68 years old, has served as secretary of state, and lastly first lady of Arkansas.Hillary Clinton should win the presidential election because she supports immigration, reducing greenhouse gasses, and raising the minimum wage.…
First, if we apply the universally accepted law of supply and demand, both sides do agree that raising the minimum wage will result in a significant increase in unemployment, because as labor costs increase, employers will demand less of it. Employers will most likely cut jobs, raise prices, reduce benefits, outsource jobs to foreign markets, use technology and automation to reduce the need for human labor or a combination of these approaches in order to preserve profits. A less likely scenario would have companies accepting lower profits on behalf of their shareholders. For some small businesses in lower cost of living markets, like Mississippi and Arkansas, these changes may not be enough to prevent them from going out of business.…
One of the most controversial topics is raising minimum wage; in fact, people feel ambivalent about it. Over the years minimum wage has not been mercurial; indeed, it has always been low, making people under the poverty line struggle by not being able to provide the essential necessities for themselves. Raising minimum wage would help quell people living at the poverty level. I believe raising minimum wage would help people at the poverty level become more resilient at the fact that their pay would increase. Hopefully raising minimum wage would make human population more benevolent and maybe they will even give kudos to the government for this action. It is very unequivocal to me that if the minimum wage was raised then the poor, lugubrious…
Raising the minimum wage is a topic that often brings about much debate. But in the overall aspect, what such changes would it bring? People often fight over if it would be more of a good thing or more of a bad thing, throwing around misconstrued ideas before actually doing their research just because they heard it somewhere else. Well after much consideration, research, and discussion it does appear that it would be more beneficial to raise the minimum wage because it wouldn’t only lead to economic growth but also lead to job growth and a possible increase for job placement advances.…
And in Georgia three thousand five hundred people have loss state benefits each week. There are 900,000 people out of work and out of benefits. Unemployed Americans who’s jobless and homeless will receive no benefits. Even more important than the number of low-wage employees living in poor household is the total of low-wage employees who are the head of poor households. While there is strong empirical evidence to suggest the increasing the minimum wage will have adverse employment effects-only 3.8 percent would go to single mother household as poverty becomes more a problem of house worked and not wage level anti-governed income policies that focus on incomes, such as the earned income tax…