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…
For my Capstone Essay, I decided to talk about the topic of whether or not minimum wage should increase. Because this is such a largely debated issue, I thought this would be an interesting topic to learn about. Originally I thought it would be easy to find information because of this. Despite minimum wage being a popular issue, I had a hard time finding any relevant or useful information. While I wanted to use primarily statistical research for my Capstone Essay, this problem influenced me to use the little bit of experience I have had. Even though it seemed like a problem originally, I am happy that the conflict led to practiced used in previous 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.…
Close to half of the world’s population lives in poverty. Many people try to stop this, but don’t really know how. One way to start the decrease in poverty is to raise the minimum wage. This would help the people who work for a living to be better off then how they would be making the current minimum wage. Growing up both my parents made a little over minimum wage and we still struggled to pay bills at times. I can only imagine how hard it is on families that only make minimum wage. People who live in poverty do not have the luxuries that many people have. It may vary…
The "living wage” is the foundation of the minimum wage debate. The “Living Wage” is a arbitrarily imposed number that will supposedly lift people out of poverty and increase the amount a worker would need to earn on a monthly or annual basis in order to meet what is considered basic living expenses Increasing the minimum wage is not a terrible idea. According to the Bureau of Labor and Statistics for people making less than 75000, the psychological…
When you hear high school and college students talk about their employment experiences, all they seem to say is how they don't get paid enough. I've even said that myself quite a few times. Well, in a way, they are right; but this statement does not only include that average student, it also includes many adults and families who are trying to live on minimum wage jobs. In today's society, this is almost impossible. An increase in the federal minimum wage is in the interest of the nation as a whole, although it will impose some costs.…
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.…
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.…
Should minimum wage be raised to a higher pay to help families support each other and have more money to be able to get the necessities you need or should the minimum stay the same to keep prices of items the same? Also, continue how we are with different places having different wages and finding the place that best fits you? Currently many states have minimum wages under $10 an hour, in Indiana its $7.25. The wages are being challenged because many are saying it should be raised to help families and people that don't get much. Other people around the world are saying it's best to keep it the same or else prices will be higher and harder for more people than it was before.The debate over whether the minimum wage should be raised or not has many people divided around the world. Proponents argue that it should be raised because it's hard to pay for necessities and…
“I wouldn't plow nobody's field from sunrise to sunset for $.50 a day when I could get a $1.30 for pretending to work in a ditch for the federal government” was a statement made by a laborer in 1937. It was in reference to the Civilian Works Administration (CWA) and the Works Progress Administration (WPA), President Franklin Roosevelt's newly installed job creation programs.…
In order for any change to happen people must first have to start by replacing any political officials that are not supporting the views of its people and the greater good. We have to make sure that people in office that are representing us and advocating the increasing on minimum wage,are fully supported. Politicians like Bernie Sanders and Hillary Clinton have the right idea when it comes to minimum wage. They want to impose laws so that states and federal government are required to increase the minimum wage whenever the cost of living rises (Johnston 1). There has to be an uprise by women, young workers and other low income individuals by having a peaceful protest to the government that the current minimum wage is not acceptable. Creating a petition and have it sent to a government official that advocates the increase of minimum wage can also aid the cause. A petition will have the same results as a protest but with this method it will allow expansion of the idea to different states and different people allowing more coverage and even more individuals to accept the idea of increasing…
The minimum wage in the United States of America sets the standard of living for all of its citizens by placing a price floor on what amount is acceptable to pay a person for typically unskilled labor. Minimum wage can be traced back to Fair Labor Standard Act in 1938. It was 60-75 cents per hour at the time. However, it has been revised upward due to inflation and pressure from trade unions and interest groups. Interest group argue that raising the minimum wage is a central tool in reducing poverty among unskilled workers in the US. Stigler (1946) argued that minimum wage legislation can be an instrumental tool in eradicating absolute poverty if it combined with other policy measures that are intended to create…
After an excruciating minimum-wage work day at the rambunctious factory, arriving home to the luscious aroma of the fresh out of the oven red velvet cake would be paradise, right? Well... NEWS FLASH! Even if you had a moment to devour that savory cake, the agony does not end there. With five children to take care of, you scarcely have time to take care of yourself. If only you lived one day in pure ecstasy, then the idea of your oldest daughter taking ecstasy would fleetingly ebb like the sea. But you see her drowning in the sea of debt and you can not ignore that horrifying image. Immediately, pure ecstasy vanishes into dust. You discover yourself trapped in a gloomy, forlorn room. “Parents disown debt-ridden daughter”,…
Currently, Portland has a minimum wage at $9.25 per hour, the second highest in our country, but we still need to make it greater. Right this minute, if you’re a minimum wage worker, you make $15,636.25 take home each year, and then imagine that you were a mother or father of 2 kids. This wage makes barely enough for just one person to survive in today’s world, let alone a whole family. Imagine that you’re that mother or father, and you have your two kids, you’re working three jobs, but supporting your family is still impossibly hard. Sadly, many children everyday are born into poverty, and so our future generations keep spinning through this never ending circle.…
In the situation of working post-high school at a minimum wage job, I would be making $10 an hour, with an additional $2 an hour due to my ability to fluently speak Vietnamese. Working thirty-two hours a week with a bi-weekly paycheck, I would be making $768 bi-weekly, summing up to $1536 as my monthly gross pay. However, my net pay would only be $1393.15 due to $142.85 going to taxes. Based on my net pay, I decided that I will stay at home.…