ipl-logo

Essay Against Minimum Wage

530 Words3 Pages

Throughout the past few years, the minimum wage has been a heated issue in the country. For some, the minimum wage should not be messed with, for it only brings economic harm through job loss and increase of product pricing. However, in this essay, I will shed light on the opposing arguments to the minimum wage debate, the side that believe minimum wage should increase. Minimum wage first started back in 1968 under president Franklin Delanor Roosevelt at the price of 1.60 dollars and has been a topic under debate ever since. Because almost 1.6 million hourly workers are receiving compensation based on the minimum wage, many feel strongly about its designated amount because of the increase of the dollar with inflation. If the wage were to be increase with inflammation, the wage of 1.60$ an hour in 1968 would transform into 11.05$ in today’s time. This is almost a 60% increase on the minimum wage that is in tact now(7,65). This issue has struck a cord with working …show more content…

Because of inflation, the prices of goods and services has gone up tremendously throughout american history, however, the minimum wage hasn’t. Since minimum wage only changes with congressional action, this results in a low amount of money for families that need to purchase essentials to live conformably. The increase would also boost the economy because of the more money going into these families and individual’s pockets, the more they are wiling to spend, thus creating more stores, jobs, and economic growth. According to the Economic Policy Institute, a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion into the economy and create around 85,000 new jobs over a three-year period. This would not only settle family and individual income disputes, but also prove to the other side of the argument that an increase of the minimum wage would not result in job

Show More
Related
567 Words | 3 Pages

A recent study involving three hundred fifty thousand small businesses and the IRS proved that by raising the minimum wage, proved that by raising the minimum wage in cities, actually created jobs (Meyerson A.19). The survey showed that the cities with a higher minimum wage had more jobs come to the area, aiding in job growth (Meyerson A.19). Another argument that leans toward the raising of the minimum wage involves people in poverty. Studies have shown that by raising the minimum wage, more people can live above the poverty line (Meyerson A.19). By raising the minimum over nine hundred thousand people would be

Read More
1913 Words | 8 Pages

The current federal minimum wage is set at seven dollars and twenty-five cents. Many workers across the country are complaining that the purchasing power of the minimum wage is currently low, meaning one cannot buy as much while living off of the minimum wage. Moreover, citizens are work full time, while earning the minimum wage, are living, on average, several thousand dollars below the poverty line. However, an increase in the federal minimum wage may do more harm than good. It is likely that an immediate increase in the federal minimum wage will lead to an increase in high school drop outs, a large cut in the workforce, mass amounts of inflation, as well as a large amount of jobs being outsourced.

Read More
876 Words | 4 Pages

In the last few years, the topic of the minimum wage has been a highly debatable subject. There are numerous perspectives regarding raising the minimum wage. “The concept of the minimum wage can be defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period,” (ILO,2014). A few of the common disagreements are how unemployment rates will be affected, who will be most affected by a change, and what alternatives are available. In the article “Why the next president should raise the minimum wage” Roger Lowenstein argues that it is his belief that raising the minimum wage will benefit society by reducing unemployment rates and thus reducing the amount of the population living in poverty.

Read More
1839 Words | 8 Pages

These authors have taken into consideration all aspects, even the disadvantages, to prove and educate our people with the proper information needed. Although raising the federal minimum wage can cause a slight disturbance in our economy, it is imperative

Read More
1538 Words | 7 Pages

Many of these headlines have read something like “Income Inequality Gap Growing” or stories of teachers, or Boeing employee’s complaining of unfair wages. While large company executive salaries have hit record numbers; but over the last year, one of the biggest headlines has discussed the idea of raising the minimum wage to help fight the growing income gap between the rich and poor in this country. Federal, State, and City governments have been debating this topic frequently over the last year; President Obama has made a public call for a Federal $10.10 minimum wage, while cities like Sea-Tac, Washington put the issue on the November 2013 ballot for a $15.00 minimum wage, which voters narrowly approved, but is still being challenged in court (Martinez

Read More
623 Words | 3 Pages

Today’s minimum of $7.25 an hour is worth 25 percent less than the minimum in the late 1960s. From research, a full-time, minimum-wage worker earns about $15,000 per year, which is below the federal poverty line for a worker with just one child. We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs, such as food and other necessities. An increase to $10.00 an hour as proposed by President Barack Obama would actually reinstate the wage factor to the same value it had back in the 1960s. In doing so, it would lift earnings for nearly 28 million workers nationwide roughly 1 in 5 U.S. workers.

Read More
733 Words | 3 Pages

A minimum wage increase from “$7.25 to $10.10 would result in a loss of 500,000 jobs”. ("The Effects of Minimum-Wage Increase on Employment and Family Income”) This claim is better because it shows how raising the minimum wage will decrease job growth instead of increasing it. But, the minimum wage should be increased because increasing will also increase economic activity and spur job growth, decrease poverty, and improvements in productivity and economic growth have outpaced increases in the minimum

Read More
495 Words | 2 Pages

A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.

Read More
579 Words | 3 Pages

The increase of minimum wage would benefit more than just workers it would have a positive impact on women and their families. This would benefit women because in the United States women tend to earn less than men. In 2015 full-time female workers made seventy nine cents for every dollar earned by men. Raising minimum wage would also help provide for their children.

Read More
1900 Words | 8 Pages

It would make the united states a better place it would reduce crime and poverty the lives of many would change children would have a chance at education and wouldn’t be put at risk of doing bad things cause their parents don’t have enough money to put them through school and things like employees not always wanting to look for a better job would be eliminated the whole idea of America becoming a better place would become achieved. It all just starts with the raising of minimum wage and its just a domino effect once the parents have enough money to pay the bill and put some aside the kids live happy and once the kids are happy the employee/ the parent is happy and once that happens the employee become more productive and when the employees are more productive the business becomes more successful and when the business becomes more successful and expands they are going to need more employees and when they need more employees there are more jobs so in the end raising the minimum wage would make the United states a better place better as a

Read More
1068 Words | 5 Pages

Introduction A crucial component of American labor policy has been the minimum wage for nearly eight decades (Maverick, 2024). Throughout its history, the economic consequences of this have generated enthusiastic discussions. In this essay, I aim to examine the complex economic effects of the minimum wage in the United States, while weighing its benefits and drawbacks. This essay tries to look at the subtle differences between the arguments on both sides of the issue, which is something that should be acknowledged. Historical Content Political conflicts and labor movements have influenced the federal minimum

Read More
1653 Words | 7 Pages

Families as a whole will argue the point that an increase in minimum wages will allow families the abilities to put more food on their tables, while providing the base necessities need in the family. However, most analyses of the minimum wage focus on its unintended employment consequences. (Freeman, 1996) Some major companies have agreed to increase the minimum wages in some States, nevertheless, the amount that the wages have been increased by is not enough to get a family from beneath poverty. Proven the fact that job markets in some cases are not working in the best interest of their employees.

Read More
721 Words | 3 Pages

Desiree Ripoll Professor Heuer ENC 1102 5/30/2017 Increasing the Minimum Wage is Good for America Raising the minimum wage is not only beneficial to those who are struggling financially, America’s economy would benefit from this as well. Doug Hall and David Cooper express how increasing the minimum wage would be a tool for modest job creation in the article “Raising the Minimum Wage Would Help Lower-Income Workers”. In the article “Is a $15 minimum wage economically feasible?” Jeannette Wick-Lims discusses how raising the minimum wage is good for the economy if we adapt to the changes accordingly.

Read More
636 Words | 3 Pages

Many politicians, business owners, and citizens hold fast to the belief that heightening the salary attached to minimum wage positions will yield negative benefits for our society. This opinion is supported by three vital view-points. The first can be found in the news article, “The Argument Against Raising Minimum Wage.” It expresses how the enlargement of this payment will take a toll on employment. The document reasons that if the amount of money employees earn is expanded, companies will be less likely to hire as many workers (Huppke).

Read More
999 Words | 4 Pages

As a country, we’re facing an epidemic where finding steady employment is hard and the cost of living is high. This has caused many people to work a minimum wage job and struggle with paying rent and etc. A solution proposed to solve this problem would be to raise the minimum wage to something that a person could survive off of. However, this controversy has caused a debate between people who are split on the issue. There are people who are for it and people who are against it.

Read More

More about Essay Against Minimum Wage

Related Topics

Open Document