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…
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…
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…
Recently, in our EAP class we have learned the ten principles of Economics. As we all know, the economy is one of the most important parts in every country; it can cause countries to be big or small. The minimum wage affects the fluctuations of the overall economy. Each country has the different levels of minimum wage. Because of the minimum wage, the country’s economy is more stable and balanced. In order to understand how the minimum wage influences the country’s economy, there are some advantages and disadvantages of raising minimum wage for workers, employers and society.…
Although many may argue that raising minimum wage should not be done because it’s just enough for people to provide their families many think that it isn’t enough and it needs to be raised. In the American Prospect they talk about how the minimum wage pay is way too low for people to live in a standard living environment. The author of this article is trying to express the fact that getting payed minimum wage is too little and it’s just enough for someone to pay the house bills and it’s not enough for people to get anything for themselves or even for their children. Although many think that it won’t help or benefit the poor it will because it’s giving them many more job opportunities and helping them provide for their families.…
A main controversial issue in todays society is whether or not to raise minimum wage and how much to raise it by. There comes both benefits and consequences to raising the minimum wage price. In an article written by David Henderson titled, “ Raising the Minimum Wage Will Not Reduce Poverty” Henderson discusses the consequences to raising minimum wage and how it may affect the youth and currently employed. In another related article found on the New York Post by Jonathan M. Trugman titled, “Raising minimum wage would cost a million people their jobs” Trugman confronts, “ The American worker is grossly underpaid, by about 25 percent to 30 percent — heck, wages have been stagnant for almost a decade.” (CITE) According to both David Henderson and Jonathon M. Trugman the consequence of raising minimum wage could amount to thousands to millions of Americans loosing their jobs and becoming unemployed. Though I concede that the minimum wage price should…
Minimum wage is a topic that is always being discussed and debated over. One reason that this subject is so popular is because everyone who has a job is affected by the result of the wage. Some believe that the minimum should be raise to at least $9, while others strongly believe that the raise in wages will disturb the state of the economy. In the articles I have selected the pros and cons of raising the minimum wage are clearly stated. Some of the texts are editorial articles, and scholarly articles that have to do with the raise in the wage and others options on the subject.…
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.…
Minimum wage had been a huge problem in today's world. It affecting about 1.3 millions people a year and continues to grow. People been trying to raise minimum wage forever. Minimum wage is affecting the lower and middle class the most. Some people don't notice what's really happening because they're blinded to how much they really should be making. Inflation also has to do with minimum wage. We think we get paid more, but in reality we don’t. Raising minimum wage also means prices for good go up as well. Basically we still at the same place we started. That's how they get us, by making us think we are making more and were not.…
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 value of raising the minimum wage would terminate the controversy of having a recession. According to David Cooper of the Economic Policy Institute shows that, the moderate perception of a typical minimum wage salary is a middle class family's income can be 52% are in households with income of less than $40,000 a year. The average share of a family income provided by a minimum wage salary would be at $10.10 is 50%. If the minimum wage be raised to $10.10 would generate $22 billion to help the economic interest, and convert to 85,000 new full time jobs. These jobs are produced when minimum wage workers have earn more money to spend on merchandise. This means more consumer demand to increase in the need of more employees to keep up with…
Raising the minimum wage overall to fifteen dollars an hour would cause a significant impact on modern society and its future, overall it would either boost or deplete our economy. It would bring about significant changes and different socio cultural and social class standards.…
I want to start off by telling you a little bit about Ms. Criswell she works full time, with no benefits, and she hasn't had a raise in three years. After taxes, she brings home $1,030 a month – enough, if she's careful, to meet her expenses, with little wiggle room. “What I feel," she says, "is anxiety. I felt it just this morning. It's constantly in the back of my mind: 'Am I going to have enough to pay the bills?'” She grows what food she can and buys items that can be stretched out to multiple meals. To live with the concern of whether or not she will be able to keep her home and feed herself shouldn't be an issue for anyone. They are programs to help starving children in foreign countries then maybe the government should stop and look at whats happening in America. We cant say Ms. Criswell is lazy and doesn't want to work, so how else can she bring home more income if she is limited to what is available. If minimum wage was to be increased, this would allow people to bring home more income and there are concerns and I will address them in the following.…
“No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty” (Jon corzine). The first minimum wage; a fundamental labor standard designed to protect workers, just as child labor laws and overtime pay rules do, in the U.S. was only $.25, a huge difference from today’s $10.00. Minimum wage was imposed by the Standards Act of 1938, which president Franklin D. Roosevelt had signed. A business owner in the U.S. who is not willing to pay it’s workers, the people of the United States more than the minimum wage to help with the continous cost of living then they are showing they are being selfish and not caring about our everyday living cost. Minimum wage should be raised to at least…