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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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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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 upon
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forcing the minimum wage up through federal intervention. If he becomes successful‚ it will only cause harm to the economy‚ resulting in higher unemployment and less advancement. As I do my research I find that there are a few reasons as to why the minimum wage issue is a bad idea. Minimum wage may have an unfavorable effect on new candidates to the workforce. Those who do not have enough to too little work experience may be influenced to work for less than the existing rate. When a minimum wage is enforced
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Does increasing the price of goods just to raise minimum wage sound like a good idea? There is debate whether the minimum wage should be raised. Everyone probably has a different take on the idea of this. It wont actually decrease poverty‚ which is why the whole thing is being brought up; because people assume it‚ will. My point is that the minimum wage should not be raised. Minimum wage is not just about somebodies income. Raising it will have much greater affect on the economy. The cost
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In the article “Would raising the minimum wage help alleviate poverty”‚ David Cooper makes a valid point on the subject. Cooper talks about how he believes the minimum wage should be raised because he thinks it will help end poverty. In his column he also gives statistics on why it would be better to raise the minimum wage. As stated in the pros column written by David Cooper‚ minimum wage should be raised to help people in poverty‚ help people pay for education‚ and to allow people to have
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Minimum Wage – Pro Side BCOM/275October 28‚ 2014Minimum Wage – Pro Side A wage is a compensation‚ usually thru an agreement (contract) between employees and employers for the performance of a work. Numerous variances happen in wage rates. One important reason is that labor is not a consistent factor. Each worker is a unique aspect of production possessing a distinctive set of work characteristics. “The goal in establishing minimum wages has been to assure wage earners a standard of living above
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of raising the minimum wage. Groups of people have paraded in streets and on sidewalks with signs and cheers‚ “Fight for 15!” While approximately 72% of americans fight for almost a 50 percent increase in the minimum wage‚ the rest have realized how fragile the economy and its businesses are. Raising the minimum wage would create more negative effects than good. Small businesses‚ employees‚ and the cost of living would all be greatly affected if there were to be a raise in wages. Small businesses
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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 $7.25. The wages are being challenged because many are saying it should be raised to help families
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Poverty a problem the world has been faced with since things had value. People who live in poverty have families to feed and they have to work to feed them. As of October 2012 the minimum wage is 7.25$ an hour. That amount may have worked 3 ½ years ago when we implemented the new minimum wage but it doesn’t cut it anymore for the following 2 points. 1. Prices have been continuously getting higher. 2. Money is becoming worth less. Moving on to my first point prices are continuously
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