The problem addressed in this dissertation‚ is that the current federal minimum wage laws in the United States (US) is inconsistent across the country. (Addison et al‚ 2013) While policy makers are undecided whether to sign a new federal minimum wage bill into law‚ the minimum wage earners are held in a quandary. Due to several states and various industries being exempt from the minimum wage laws‚ wages will remain imbalanced. (Clain‚ 2012) Some of these industries include‚ switchboard operators
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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
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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
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What would happen if the Minimum Wage Increase? In 1938‚ Franklin D. Roosevelt introduced the Minimum Wage bill in America during the Great Depression. The minimum wage started at twenty-five cents an hour in 1938‚ and is now $7.25 an hour. Today Americans favor raising the federal minimum wage from $7.25 to $10.00 per hour. Raising the federal minimum wage would prove to be more of a negative change than a positive move because it would force small companies to close their doors. It would also increase
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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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1. Analyze what happens when a higher minimum wage is enacted (raising a price floor on the price of labor). Will the number of workers hired change? Why? What might be an unintended consequence of a higher minimum wage law designed to help low income workers? If the minimum wage was to be higher than currently I will feel that this would have a negative effect on the economy. Let’s start off with the most obvious reason if a company has to pay their employees more to build the product then they
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Hello Julia‚ I agree with you. minimum wage should not be raised because there will be high price production‚ and inflation‚ which will hurt consumer especially the low-income family. Raising the minimum wage commonly may be seen as a way to give a low-income worker a raise‚ but it resulted in a surplus since the minimum wage is a price floor. Surplus happens when the quantity of supply is greater than the quantity of demand. In this case‚ more people are willing to work than employers are willing
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people living off of living wage go through? Does it positively affect our society today? How many of us even know about living wage. I feel living wage does not positively affect our society today because there are a lot of us out there that do not even know living wage exists. I feel if we knew more about it and if it was more common it would affect our society more. First off many people think that living wage is like minimum wage but it is not. They are two entirely different things. “Living wage
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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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Minimum wage in the United States varies state to state‚ as well as changes year to year. The current Untied States minimum wage is 7.25 United States Dollars (USD) per hour. This is for non-tipped employees such as retail workers. For tipped employees such as servers‚ minimum wage is 2.13 USD per hour. This varies state to state‚ as I mentioned above. In Ohio the state minimum wage is 8.10 USD for non-tipped employees‚ and for tipped employees it is 4.05 USD per hour. These wages can vary so much
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