Why The Minimum Wage Should Be Raised
Caution! This story is not to make you go to sleep it is for you to understand about minimum wage. Minimum wage should be raised because some people need the money. Minimum wage was originally 25 cents an hour, which works out to about $4 per hour in today’s money. That minimum wage was introduced as part of the Fair labor Standards Act. The first federal minimum wage laws were passed in America in 1938. Minimum wage should be raised because of crime, medical, and financial reasons
Many might say that raising the minimum wage would increase crime issues. “Individuals experiencing a binding minimum wage are most likely to commit crime, become idle, and lose employment.” However, raising minimum wage to $12 an hour would reduce crime by 3%-5%. “The impact of wages on crime is substantial,” the report stated. “A 10 percent increase …show more content…
in wages for non-college educated men results in approximately a 10 to 20 percent reduction in crime.” Federal minimum wage were to increase from $7.25 to $12 by 2020,incarceration rates would decline by 3% to 5%. That could mean between 250,000 to 510,000 fewer crimes over that period. Raising the minimum wage to $12 per hour by 2020 "would result in a 3 to 5 percent crime decrease 250,000 to 510,000 crimes and a societal benefit of $8 to $17 billion dollars. We as the people need minimum wage to decrease crime issues.
Many might say that raising minimum wage would increase medical issues.
Raising minimum wage would increase medical bills. Although raising the minimum wage could prevent hundreds of premature deaths each year and save millions in health cost. By having minimum wage it will be a healthier population. Raising minimum wage will improve the health of many Americans, especially those with low income, and this improvement should help bend the cost curve for medical care. What if someone is really sick and they don’t have enough money to pay the medical bill, what will happen to them?
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.
To sum up, minimum wage should be raised to help out the community with crime, medical, and financial
reasons
Many might say that raising the minimum wage would increase crime issues. “Individuals experiencing a binding minimum wage are most likely to commit crime, become idle, and lose employment.” However, raising minimum wage to $12 an hour would reduce crime by 3%-5%. “The impact of wages on crime is substantial,” the report stated. “A 10 percent increase …show more content…
in wages for non-college educated men results in approximately a 10 to 20 percent reduction in crime.” Federal minimum wage were to increase from $7.25 to $12 by 2020,incarceration rates would decline by 3% to 5%. That could mean between 250,000 to 510,000 fewer crimes over that period. Raising the minimum wage to $12 per hour by 2020 "would result in a 3 to 5 percent crime decrease 250,000 to 510,000 crimes and a societal benefit of $8 to $17 billion dollars. We as the people need minimum wage to decrease crime issues.
Many might say that raising minimum wage would increase medical issues.
Raising minimum wage would increase medical bills. Although raising the minimum wage could prevent hundreds of premature deaths each year and save millions in health cost. By having minimum wage it will be a healthier population. Raising minimum wage will improve the health of many Americans, especially those with low income, and this improvement should help bend the cost curve for medical care. What if someone is really sick and they don’t have enough money to pay the medical bill, what will happen to them?
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.
To sum up, minimum wage should be raised to help out the community with crime, medical, and financial
reasons