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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political officials that are not supporting the views of its people and the greater good. We have to make sure that people in office that are representing us and 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
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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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The Receding Minimum Wage The minimum wage has‚ since it was instituted in 1938 been a point contested by many. I believe that the minimum wage needs to be increased (Burgess ‚574). There are many arguments in favor of this position. The fact that the current minimum wage barely keeps many families fed‚ clothed‚ and with a roof over their heads is very concerning. In addition‚ it forces many college students to take out extremely heavy school loans with no hope of paying said loans back for years
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Minimum wage can be defined as the lowest salary that employers may legally pay for an employees work or service. Minimum wage was first enacted in 1938; this law was called the Fair Labor Standards Act. The Fair Labor Standards Act‚ or the FLSA‚ established minimum wage to ensure that the lowest-paid workers would still receive a sufficient amount of pay. Evidently‚ minimum wage has increased over the years‚ but some argue that the current minimum wage is still not enough. It can be debated whether
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Braeden Kuhn Mr. Jay Lee Eng. 101-123 21 Oct. 2014 Minimum Wage Minimum wage is great for young people. No matter what experience you have you still get a fair amount of pay. You can work your way up the ladder and continue to get raises‚ until you get the amount you’ve been expecting. Minimum wage allows students and less fortunate adults to be paid a wage that subdues the average cost of living. No employer can drop below the seven dollars and fifty cents allocated to all the people in the
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starvation wages. It is criminal to have people working on a full-time basis and a full-time job getting part-time income”. Martin Luther King‚ Jr. When we think about the time that we first applied for our first job‚ we are so excited because we’re thinking when we get the job we can afford everything.
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The second fallacy that was enlightening was how minimum wage works. In this crazy year before the next presidential election‚ minimum wage has become a hot button issue. The problem with politics is that no one ever explains the economics of minimum wage. They just throw out policy ideas without actually informing the voting public on how they came to a conclusion. After learning about supply and demand of work force‚ it finally cleared up all the misinformation that I have heard. The greatest thing
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economics of minimum wage legislation. I really enjoyed this article because it talked about how we are always looking at what we should do to help the job market and the suppliers as well. This article talks about two things that can happen when there is a minimum wage that is enforced. The first is that there are people that work in a job that may be under qualified and if the employer is forced to pay him above what he is worth then he would lose his job. The other outcome is that if the minimum wage
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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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