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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

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The Pros And Cons Of Raising Minimum Wage

567 Words | 3 Pages

The topic of minimum wage is one that can lead to heated debates from both sides of the aisle over how much a person should be getting in payment versus how much work they do, or how hard they work to earn the payment. Countless people today are not getting paid the amount they should be based off of the work that they are putting in to their job. There are arguments leaning towards the raising of minimum wage, and there are arguments leaning against the raising of the minimum wage, however one of the arguments I find persuasive. There are some arguments that lean towards the raising of the minimum wage. The first argument presented involves job creation in the United States.

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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.

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733 Words | 3 Pages

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Pro Minimum Wage Essay

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

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999 Words | 4 Pages

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636 Words | 3 Pages

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1856 Words | 8 Pages

In 2013, 3.3 million Americans worked at an hourly rate at or below the federal minimum of $7.25 (Undisputed Facts 3). Hourly workers take on the difficult and dreaded work that no one else wants to endure, and in return, receive the bare minimum. Minimum wage workers deserve more, but instead they find themselves dealing with the hardships placed upon their families and themselves because of a lack of companion from the federal government. This is a serious problem that needs to be rectified, not only in the United States, but around the world. The national minimum wage should be raised to achieve alignment with the rising cost of living, reduce poverty, and create more jobs.

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1391 Words | 6 Pages

The lack of change for 15 years for the federal minimum wage is a major issue in today's economy. Despite the fact that some states have taken measures to raise the minimum wage. However, several states remain with the same minimum wage and millions of hardworking Americans are still unable to handle the rising cost of living. The unwillingness to raise the minimum wage to reflect inflation and growing living costs has resulted in significant economic inequality, putting many low-income workers at a disadvantage. The minimum wage should not be raised based solely on hourly reductions; it is to ensure that every worker receives a livable wage.

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1280 Words | 6 Pages

Since its beginning in 1938, the federal minimum wage has been raised twenty-two times. It is important to know that the minimum wage does not rise with inflation. Rather, it can only rise with congressional action when they believe it is appropriate to do so (“Wage and Hour Division”). It is also important to keep in mind that quite a few states have their own minimum wage laws,

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633 Words | 3 Pages

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Persuasive Essay Minimum Wage

1125 Words | 5 Pages

In today’s society, minimum wage work are usually entry level, and require little to no skills. Many of these earners require governmental assistance to take care of themselves and their family. Many people believe that the minimum wage of working a full time job should be enough to cover the cost of living. Raising minimum wage will help these workers in specific situations, but it also causes major issues in the

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Raising The Minimum Wage Essay

1313 Words | 6 Pages

The minimum wage has been changing and debated over since it was established in 1938. Many argue that minimum wage should be increased to compensate for rising inflation. Some activists also argue that one cannot make a living off minimum wage alone. Others claim that if the the minimum wage is increased, then corporations and other business will respond to their increase in expenses by laying off employees, and turning to technological advancements to replace the unskilled labor. There are many causes and effects of increasing the minimum wage that delve into the advantages and disadvantages it has on society (“Minimum Wage,” 2015).

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711 Words | 3 Pages

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704 Words | 3 Pages

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