Name Why the Minimum Wage Should Be Raised Institution Affiliation Minimum wage is the minimum amount that an employer can pay their employee. In the United States‚ many people are greatly affected by the federal minimum wage. Poverty continues to increase in the United States. Currently it is at seven dollars and twenty five cents which is too low in the current world today. The minimum wage is under debate if whether it should be increased. The debate has been brought about since many
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the minimum wage or not. Raising the minimum wage can be seen as a good thing by some people because it could reduce poverty; but if we focus on the overall outcome of raising the minimum wage‚ there really is no point in raising it. There are so many more options to improve the economy. Minimum wage should not be raised because the costs of goods and taxes would increase‚ it would slow the economy‚ put people out of business‚ and reduce employment. As the years increased so did the minimum wage
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the economy? When raising minimum wage‚ that is what the government is doing. The first federal minimum wage was established during the Great Depression. It was meant to increase wages to create a better life for those struggling. People then tended to buy more which caused more job openings (“The Minimum Wage”). This helped a lot during the Great Depression because it made employers pay the people a fair wage. The current federal minimum wage is $7.25. Raising the minimum wage to $15 will over double
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Raising the Minimum Wage the Answer for American Workers? The minimum wage has always been an important topic for American workers. In recent years the minimum wage‚ has been at an increasing center of attention for many American workers. The minimum wage was set by Franklin Roosevelt‚ under the Fair Labor and standards act (FLSA). The FLSA also set in place regulations for underage workers‚ overtime pay‚ record keeping‚ government pay‚ as well as the federal minimum wage. The current minimum wage is
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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
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The Effect of Minimum Wage in Unemployment Rate By KING NING ALFRED LAM I. Introduction Minimum wage is the lowest hourly wage that employers can legally pay to workers. The policy makers claim that the purpose of the minimum wage law is to increase the standard of living of workers and reduces poverty. However‚ there are critics about minimum wage would increases poverty by increasing unemployment rate. This topic has been debated for over 6 decades‚ there are significant numbers of studies
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Case Against a Higher Minimum Wage raising the minimum wage hurts the poor. It takes away jobs‚ keeps people on welfare‚ and encourages high-school students to drop out. Policy makers should be clear on the consequence of higher minimum wages. Jobs and the Minimum Wage Economists have studied the job-destroying features of a higher minimum wage. It is important to recognize that the jobs lost are mainly entry-level jobs. By destroying entry-level jobs‚ a higher minimum wage harms the lifetime
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working at minimum wage could benefit from increases in the minimum wage. However‚ can the minimum wage be too high? The minimum wage controls the gap between the rich and the poor: a gap that many think is too large and could be lowered by increasing the minimum wage. Although they are correct in saying that increasing the minimum wage could reduce the gap between the rich and the poor‚ the minimum wage can still be too high. I argue not upon the question of raising or lowering the minimum wage‚ but
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Literature Review:Raise of Minimum Wage Minimum wage is a topic that is always being discussed and debated over. One reason that this subject is so popular is because everyone who has a job is affected by the result of the wage. Some believe that the minimum should be raise to at least $9‚ while others strongly believe that the raise in wages will disturb the state of the economy. In the articles I have selected the pros and cons of raising the minimum wage are clearly stated. Some of the texts
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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
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