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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brought up are about the federal minimum wage‚ and its influence on society. On one hand‚ some claim that the federal minimum wage is to low‚ and in fact‚ needs to be raised so families can earn a living wage‚ but also help the poor‚ promote job growth‚ support workers‚ and decrease prices on many goods. One advocate of this view is Aaron Pacitti of The Huffington Post who asserts that “Raising the minimum wage is good economic‚ good policy and good for workers” (Pacitti). Others‚ such as John Wihbey
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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
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We believe that gradually raising the minimum wage will increase the standards of living of workers‚ reduces poverty‚ reduces inequality and help businesses work efficiently. Raising minimum wage is essential because the cost of living has gone up considerably. The increase in cost of living makes it impossible to raise a family on a minimum wage job. An average minimum wage worker earns about $14‚500 a year leaving way too many families below the poverty line. The poverty rates in America have been
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The minimum wage should not be raised for many reasons. The minimum wage in Florida as of 2015-2016 is $8.05/hr. Minimum wage is a minimum amount of money a worker shall get per hour. Many people want the minimum wage to raise but it shouldn’t because “more than half of the minimum wage workers are under the age of 25‚ and many are students trying to pay their way through school”(Brian Brenberg The Kings College.) Raising the minimum wage can also put small companies in debt. Also if the minimum wage
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are differences in opinion about the benefits and drawbacks of having a minimum wage. Supporters of the law say that it increases the standard of living of workers and reduces poverty. Others say that if it is high enough to be effective‚ it increases unemployment‚ mostly among workers with very low productivity due to inexperience. Since the law was established it has had only a positive impact on our economy. Minimum wage protects employees from being taken advantage of‚ encourages employees to
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Boston University defines minimum wage as‚ "the lowest level of earnings for employees set by government legislation." In general there are two fiscal and social arguments on the minimum wage. Supply side economists see a minimum wage as an overreaching burden placed on small businesses while demand side economists argue wages set too low will result in higher levels of poverty. In this article I bring out some of the main intellectual concerns of the minimum wage. My goal for this article is not
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of minimum wage hike. We saw many voters want the minimum wage to go up‚ so that they can live a better life. Many other articles also show that in the long term its effect would be devastating. Minimum wage has both good and bad effects. We have to take into account the worker that works for minimum wage. They barely have anything left after all the tax money is deducted. It’s hard to maintain a family when someone works for that little money. We have also seen some solutions to minimum wage problems
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Most people would agree that raising the minimum wage sounds like a good idea‚ but arguments arise concerning if this increase would benefit the economy. Jared Bernstein believes that a minimum wage increase would positively affect the American economy. He argues that the economy is driven by consumer spending and lowincome workers are very likely to spend their extra earned money. On the contrary‚ Douglas HoltzEakin strives to make the point that raising the minimum wage would not be beneficial to the economy
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Theories of Motivation Motivation has been defined as the psychological process that gives behaviour purpose and direction (Kreitner‚ 1995); an internal drive to satisfy an unsatisfied need (Higgins‚ 1994); and the will to achieve (Bedeian‚ 1993). In psychology‚ motivation refers to the initiation‚ direction‚ intensity and persistence of behavior. In simplistic terms‚ we can define motivation as the desire and willingness to do something and the inner force that helps individuals achieve their
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