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California Minimum Wage

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Is it a dream to make more of a minimum hourly wage? Or is it considered a nightmare? California legislators and Governor Jerry Brown have decided to increase the minimum wage by fifteen dollars by the year of 2022. With an increase in the minimum wage, residents of California are worried that they would lose more than they will actually receive. The people of California are actually making good points as to why the minimum wage of fifteen dollars should not be instated. The reasons why California residents are so worried is because they assume that there will be a decrease in employment, have an increase in the price of the products, and it will have little to no effect on reducing poverty. First of off, with the new minimum wage being presented …show more content…

Many citizens of California would naturally think about prices of products when they hear that the minimum wage will increase. An online article, by PewResearchCenter, says that “..Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 8.1% of its purchasing power to inflation”. Even though this was news a few years back, it still shows the effects of having a raise in minimum wage. It shows that 8.1% being purchased have been increased into products. There will be no point in raising the minimum wage if the price of products goes up. It will just be canceling out the changes. Another online article by Los Angeles Daily News, states that “To survive, more profitable businesses will have to reduce workers’ hours to a bare minimum, automate as many positions as possible and raise prices as high as the market will bear”. The only way for business people to live in these conditions is to raise their prices, but that will also mean that they will not make as many sales. Not as much sales, means that they won’t make as much …show more content…

Overall, it is supposedly a nightmare. Even though it seems like if helps get people out of poverty and also homeless to become employed, it backfires and gets others laid off and into poverty and to become homeless themselves. Some people might be laid off, so there’s a chance that it might not work out for some people. This is not a guaranteed way of reducing poverty. That’s why when the time comes, we should use similar solutions as the ones here to handle the complications. It would of been more suitable if the change was not instated, but now there is a lot of controversy. There are people protesting that the fifteen dollar increase in minimum wage will benefit overall. There are others, like myself, that believe that the increase will backfire on everybody by taxes increasing, product and items increasing, poverty increasing and unemployment increasing. With that being said, if nothing is done, there will be people going from riches to

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The median wage at both states will take a few years to go in effect. However the wages will gradually increase until reaching 15 dollars. As the Wall Street Journal infers, Governor Jerry Brown ’s plan

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Now that the positive effects have been discussed there is still an entirely different set of outcomes that have to be looked at and considered. How could this potentially hurt the economy? What types of effects will this have on small businesses and their employees? What do these changes look like for individual families making minimum wage and individual middle class families? It is clear that there is a universal goal to better America, reduce poverty, and maximize social equality.

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Positive effects of raising the minimum wage to fifteen dollars in 2016 are that it boosts the economy, and creates a positive GDP. By increasing the minimum wage to fifteen dollars an hour, which is double what the minimum wage is today, you are increasing consumer spending which increases GDP. Studies have shown that low-waged workers put every dollar they earn plus more back into the local economy when they were given a raise. Workers strived to work harder as their wages were raised.

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Compare to the charts depending of the cost of living there are some changes that can take place and raising the minimum wage stats whereas living can be better for society and Americans. Minimum wage is an issue still today and is debated word wide with eclectic audiences. Minimum wage will always be looked at s priority and poverty with low income and housing as a minority family. When the day has set and the family is around the dinner table for dinner then the issue of minimum wage comes up in the conversation, how can the family do better, what can we do to be middle class if not top class where the millionaires lives and the status of a millionaire. Not sure how a millionaire lives but comparing to the stats society is way off to another side of the map.

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Should government raise minimum wage? Minimum wage is set at $7.25 an hour, and if minimum wage was raised to $15 an hour such as in California, California 's law will affect both a much larger number of people, and a much more diverse population of workers than any other measure to date. A few reasons why raising minimum wage is a bad idea is because current employees who get paid the minimum wage would be obligated to do more work. To keep labor costs low, these employees would have to take on additional duties and responsibilities to make up the difference in hours available. Since more people would be willing to work for more pay, the current workers would be likely replaced by higher quality workers or automated systems.

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The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.

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On the other hand, increasing the minimum to that amount two years ago might have cost the economy about 500,000 jobs, or 0.3 percent of the workforce, by 2016, the CBO found. California's move to increase its minimum wage to $15 by 2022 say it could cost the state as many as 700,000 jobs, including in the manufacturing sector, where 600,000 workers earn less than the new state minimum. (Quittner, “What A Minimum Wage

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Has California Made a Mistake in leading Minimum Wage Hike California has pride itself in being the leader of the nation on technological advances, political reform and now the minimum wage. On April 4th of 2016, Governor Jerry Brown hesitantly signed the mandate wage that will bring considerable changes to our state’s economic potency and outcomes. He did it with a statement that seemed controversial in the eyes of many, emphasizing the moral, philosophical, and social benefits of the minimum wage but also acknowledging complex and paradoxical effects on the economy. Governor Jerry Brown is not at fault in having his personal doubts on the overall effectiveness of state minimum wage to help “parents take care of their kids” (his inaugural

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Throughout the past several years, America has heard the voices of many on protest for the “Fight for 15.” Raising the minimum wage to $15 an hour could show that people pushing the issue have their hearts in the right place. However, the impact this would have on the economy would be negative and would be the cause of more economic problems. Raising minimum wage to $15 an hour would be bad for America and its’ economy. One reason why raising minimum wage to $15 an hour is a bad thing is because it would lead to an increase in the cost of labor.

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Minimum Wage California, as of 2016, has begun to increase their minimum wage to $15.00 per hour, more than double the federal mandated wage, and New York will likely soon follow. The federal government is currently considering raising their minimum wage from $7.25 per hour to $10.10 per hour as well. While this may seem favorable at first, raising the minimum wage in America will harm the economy. Federal laws passed to raise the current minimum wage will only increase unemployment, shut down small businesses, prevent people from aspiring to higher education in life, increase the prices of products made by minimum wage workers, and encourage companies to make their products in other countries. An increase in capital may, on the surface, appear

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Employees as well as employers and consumers will be affected by a jump in minimum wage. An article that highlights the flaws of the “Fight for Fifteen Movement” states, “The bandwagon for a $15-per-hour minimum wage has run head-on into the laws of economics. It’s pretty much totaled” (Kreutzer 2018). This illustrates the point that the laws of economics, as we read in our textbooks, will not allow the desired results that many believe a minimum wage hike will produce. While wages will increase for hourly workers, the hours they work may be cut as a result.

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