Preview

Should Minimum Wage Be Raised

Good Essays
Open Document
Open Document
581 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Should Minimum Wage Be Raised
Throughout the years minimum wage has been raised. The more it is raised, means all of the essential things of life will increase in price. Furthermore people will be fired and the unskilled people will be especially hurt. The minimum wage should not be raised based on the observation of what has happened in the past and what might happen in the future.
The raising of minimum wage would cause businesses to lay off many of their workers. This increases the unemployment rate in our country. Furthermore the poverty level in our country would be increased by raising minimum wage. Those people who one would think would benefit from a raise in the wage, would actually be negatively affected. Their increase in pay means a decline in the hours they are allowed to work. The decrease in hours is because the demand for the expensive products has gone down. The products have become more expensive, because of the raise in wages. Raising the wages starts a trickle affect that affects many people (ProCon.org).
Along with the raising of the minimum wage, many kids would lose their job. The employers are going to try and find people with
…show more content…

The robots that are being made now a days, can do complicated things. This will put the unskilled workers out of work. The employers won't have to pay the robots at all. They also don't have to make rules or monitor their workers because the robots are programmed to do the right thing. Andrew Woodman, JD, said " the raising of minimum wage could ultimately be the undoing of low income service jobs". This is a reasonable and logical statement from a highly educated person. Many people think raising the minimum wage helps the poor areas, but in fact it does the opposite. the employers would have to raise their prices which wouldn't help them make more money because the people wouldn't be able to afford it. This is true for little towns like wahoo also

You May Also Find These Documents Helpful

  • Good Essays

    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…

    • 2607 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    Granted minimum wage workers will always be needed. I feel like if minimum wage isn’t raised them it will encourage people to improve their education. We can earn more money as long as we work for it. Minimum wage is a stepping-stone; it’s not something you are supposed to rely on our whole life.…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    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…

    • 586 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Although raising the minimum wage may cause inflation, “According to Dr. Pacitti, inflation would likely less than 1 percentage point per year in the wake of a $15 minimum wage. ‘Firms could accept lower profits to offset any inflationary impact.’” (“Real Talk: The Potential Impact of a $15 Minimum Wage") This was also supported by John Wihbey, “Overall, price increases are modest: For example, a 10% increase in the minimum wage would increase food prices by no more than 4% and overall prices by no more than 0.4%, significantly less than the minimum-wage increase.” Many people fear raising the minimum wage would hurt the economy by causing inflation however, statistics show that raising the minimum wage has little effect on inflation rates and that its profits significantly outweigh the costs. Also, even though many businesses would have to reduce the number of workers, the number of people benefited greatly exceeds the number harmed. “Under the $10.10 scenario, there would likely be a reduction of about 500,000 workers across the labor market, as businesses shed jobs, but about 16.5 million low-wage workers would see substantial gains in their earnings in an average week.” (Wihbey "Effects of Raising the Minimum Wage) Overall, as research and calculations have shown, raising the minimum wage benefits the economy and workforce more than it does harm, and immediate actions should be implemented to help the economy grow and ensure equality in the…

    • 915 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A former CEO of one of the largest international companies, McDonalds, has publicly expressed that too high of a forced minimum wage will overall result in major job losses across the United States. The former CEO, Ed Rensi, believes that a higher minimum wage would kill existing jobs and also close up twenty percent of small businesses (Ex-McDonald's CEO...). Closing 20% of the United States small businesses would overall increase unemployment as many individuals are employed under small businesses. There are different forms of combatting the minimum wage in companies such as “heightened productivity by workers or trimming down a company’s manpower” in other words taking away jobs from other employees (Does Raising the Minimum Wage Increase Inflation?). In a more extreme example, employers will feel more swayed to replace the jobs of managers or even simple manual laborers with advanced technology as their forced income is raised (Why Raising the Minimum Wage Will Increase Inflation.).…

    • 1692 Words
    • 7 Pages
    Good Essays
  • Good Essays

    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.…

    • 896 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Minimum wage has been a controversial debate for many years. Many proponents argued that the minimum wage should be raised for many positive reasons. These reasons include: lift people out of poverty and create income equality, reduce government welfare spending, and increase consumer spending. While many other opponents argued, minimum wage should not be raised because of the negative impacts associated with it. These impacts include: increase in poverty because many workers will lose their jobs, an increase in the prices of goods and services, and reduce consumer spending.…

    • 962 Words
    • 4 Pages
    Good Essays
  • Good Essays

    nowadays families rely on minimum wage to make earns means. when the income of a families increase, they are more likely to spend more which bring more money into the economy. Therefore, by raising minimum wage, the minimum wage workers will become financially stable and increase in their ability to purchase goods or services which in return create jobs for others. Minimum wage needs to be increase in order for every citizen to live a better…

    • 591 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Primarily, Majority of low wage workers are not teenagers, which means they have to provide for their families, and many are women. There are many expenses involved in taking care of a family, from groceries, to utilities, to entertainment. Low wage workers have a hard time with providing sufficiently for their families. Henry Ford once said, “Low wages are the most costly any employer can pay. It is like using low-grade material—the waste makes it very expensive in the end.” This quote is just as accurate today as it was back then. For many years productivity for the average worker was doubled, but the income decreased after adjusted for inflation. If workers are struggling to make ends meet it would affect productivity tremendously, ultimately leading them…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Raising Minimum Wage

    • 621 Words
    • 3 Pages

    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.…

    • 621 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Many might say that raising minimum wage would increase financial problems. Minimum wage increase would hurt business and force companies to close. Although that may be true, raising minimum wage 10% would reduce the number of people living in poverty 2.4%. Minimum wage can help inflation. Help reduce federal deficit. Raising minimum wage would increase economic activity and spur job growth. As the nation we need minimum wage to pay our bills.…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    One reason that the minimum wage should not be raised is because it will hurt the economy. For example if the minimum wage goes up, then…

    • 442 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Minimum Wage Changes

    • 792 Words
    • 4 Pages

    Firstly, the economy would be impacted due to job losses. Harris says, “The proposed increase in the minimum wage to $10.10 an hour would cost the economy 500,000 jobs”. An increase in minimum wage would negatively impact the flow of money in our economy. Secondly, minimum wage has already affected the food industry. Puzder describe food service jobs have plummeted in Seattle and San Francisco. In San Francisco 2,500 food service jobs have been terminated, and in Seattle 1,100 have as well. As you can see, raising minimum wage has already impacted jobs in large cities on the west coast. Thirdly, new businesses are discouraged because of larger minimum wages. Puzder continues to report, that new business startups were less than the number of business closures. Businesses are struggling to stay afloat in this economy. In sum, the economy in the United States would be negatively impacted by increased minimum…

    • 792 Words
    • 4 Pages
    Good Essays
  • Good Essays

    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…

    • 754 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The increase of minimum wage has been a topic throughout the years of our lifetime and the debate is getting bigger than ever. The current federal minimum wage is $7.25 per hour and it hasn’t increased since the year of 2007, however there are states such as Washington that has a minimum wage of $11.00 an hour. Although the increase of minimum wage can have some consequences, the increase of minimum wage has more to benefit. Raising the minimum wage would increase economic activity and spur job growth, A higher minimum wage would reduce government welfare spending, Americans won’t live for paycheck to paycheck, and millions of Americans will no longer need assistance on government assistance programs.…

    • 117 Words
    • 1 Page
    Satisfactory Essays