follow through with on the prompt‚ there are going to be serious negative repercussions. I will focus primarily on cutting my losses‚ and doing what is best for myself and my child. Because the only job available to me is a minimum wage job‚ and there is no mention of a living wage law being present in this scenario‚ I would go on welfare. I am a single parent and it is my duty to be around in raising that child. The child deserves a dad who is present in every aspect of his/her development: not a father
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When it comes to the minimum wage‚ there are several debates on whether it should or shouldn’t be raised. It may look like it is a simple problem to solve‚ but it isn’t. An increase in the minimum wage wouldn’t totally help the ones who ask for it‚ but could lead to a series of consequences that would impair‚ not only them‚ but all of us. Firstly‚ raising the price of something reduces the demand for it — as the price charged will be above the equilibrium point — and hence leads to a surplus of
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business leaders‚ and labor activists regarding whether the tipped wage should be higher and whether tipped employees should receive a different wage than non-tipped workers. Proponents of a different wage for tipped and non-tipped workers point out that the law guarantees tipped employees the same minimum wage that other workers receive. They argue that because restaurants have very small margins‚ an increase in the minimum wage could lead to higher prices for consumers and fewer jobs available
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between the minimum wage and the actual cost of living‚ many parents must seek public assistance or hold multiple jobs just to cover the cost of their necessities‚ such as rent‚ food‚ utilities‚ clothing‚ transportation‚ and medical care (Nadeau). Since tax revenue pays for public assistance‚ it is us‚ the taxpayers who are subsidizing these wage earners’ pay. However‚ companies utilize several strategies or policies to cope with the increase in business costs stemming from an increase in minimum wages
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Minimum-Wage “There are people in the world so hungry‚ that God cannot appear to them except in the form of bread.” Mahatma Gandhi. Recently there are some people living in a house and they have many things like TV‚ computers ...‚ but they live on poverty line due to the high cost of living. In the last seven years‚ the cost of living has increased but the salary is still stable. Especially in the United States the minimum-wage hasn’t been increased for seven years‚ and that’s why there are many
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First of all‚ one of the many groups that will be greatly affected by the raising of the minimum wage would be companies or businesses‚ especially small ones. Companies and businesses have a hard time adjusting with the amount of money they will need to pay their employees because they might not have the money for it. The companies can go into different direction because “Companies that are forced to pay their low-skilled employees a premium are faced with few options: drive up prices‚ reduce employee
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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. Moving out would not be the best option for me because
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Minimum wage has always been a popular topic amongst discussion always staying quiet relevant. Whether one may be protesting for an increase or arguing against it‚ there are always very strong argumentative points on both sides in the war of minimum wage. Currently there have been large protests in many states for the minimum wage to be raised to $15. The idea is that an increase in minimum wage would potentially be beneficial to lower income families‚ however there is also some economic risks involved
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“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
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Friedman’s argument about minimum wage law is convincing on some parts‚ but not all true for the rest. He first claimed the convincing part which is minimum wage law would increase unemployment rate. This is a proven fact. Because just most recently‚ Seattle started its radical experiment with a $15 an hour minimum wage‚ which resulted in fewer jobs and fewer hours for workers. Then he started to depreciate minimum wage law by saying “it achieves absolutely no positive objective” which is his own
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