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Essay On Raising Minimum Wage

1045 Words5 Pages

Though there are many Americans who believe an upsurge in the minimum wage is a constructive step for the federal government to initialize, the most recent wage push could result in some very harmful effects. President Obama stated in September 2014, “An increase in the minimum wage will boost income for the poorest workers without the danger of creating more unemployment.” Is this statement about an increase in minimum wage really as accurate as people believe? To break down the argument about whether minimum wage is a good or bad thing, let’s take a look at the two very distinct sides of the debate. The push for a minimum wage raise is a major issue in the world of economics and politics. Political figures often place their targets on the …show more content…

Supporters of raising the minimum wage are using the argument that education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years. The cost of education is a lot more today than it was many years ago. A college education is crucial in today's world. Children cannot better themselves if their parents cannot afford their education. Thus leading to inadequate education of children as well as adults in college. Some children have to rely on themselves to pay for college. They are unable to attend, because they can’t afford it on their part-time minimum wage job. Supporters argue that if the minimum wage was increased, many people would be allowed the prospect for a better education for themselves and their children. In the future you are going need a college degree to do almost anything. As technology gets better and more advanced the people are going to have to understand and learn more. Some businesses need educated people so desperately that they are willing to pay for their worker to go to college. As the demand for and educated worker gets higher so does the price of education. In order for the average person to go to college they need more than a minimum wage job

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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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407 Words | 2 Pages

When you raise minimum wage you raise the price in everything else for instance if minimum wage was raised ten percent that also raises restaurant prices 0.7 cents that may not sound like a lot but it starts adding up sooner or later and who knows then it could raises prices a whole dollar. Some people think that because the cities they live in are so expensive that minimum wage should be raised but if you live in an expensive city and are also living off minimum wage and can not afford it then you should not be living there. Also women think that they can not have a good lifestyle for their children with what minimum wage is paying. If you are living off minimum wage and trying to raise children then maybe you should find a different job where you can afford a life for your kids. Minimum wage should be raised because the economy is at a point where if minimum wage is raised there would not be a drastic change.

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760 Words | 4 Pages

They conducted a study to support their perspective in raising minimum wage. They collected and used data from the Census Bureau’s Survey of Income and Program Participation. They found out that there is no significant evidence that a higher minimum wage has helped poor families in the areas of finance housing, health, or food insecurity. Therefore, the study conducted supports the authors’ perspective on the issue about raising minimum

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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

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468 Words | 2 Pages

There have been a lot of riots from minimum wage workers about raising the federal minimum wage to $15 an hour. However, many employers and non-minimum wage workers disagree. Many say that raising the minimum wage would damage the economy, and make house payments double, making the raise in minimum wage completely useless. Others might say that by raising minimum wages, more employers will lay off their employees and replace them with more robots, because it’s cheaper than paying a human worker $15 an hour. However, the real evidence behind why we shouldn’t is quite shocking.

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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).

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1506 Words | 7 Pages

Many families have to have strict budgets due to only making minimum wage. The minimum wage is not enough money for most people, in fact, most of the people that make minimum wage, work multiple jobs, leading them to overwork themselves constantly. Increasing the minimum wage has been a major argument for quite some time. Some people argue that the minimum wage should be raised to help benefit workers and reduce poverty. They also believe that raising the minimum wage would input more money into the economy, allowing it to strive.

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1740 Words | 7 Pages

In every good there’s bad and in every bad there’s good. Everyone thinks that increasing or keeping the same minimum wage could either make the economy better or worse. Supporters that want an increase in the minimum wage claim that the wage increase is a way to fight poverty. They don’t know that when raising the minimum wage, it will cause inflation and increase unemployment. Increasing the minimum wage by a dollar is a bad idea.

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1105 Words | 5 Pages

Later on you are going need a college diploma to do practically anything. As innovation shows signs of improvement and more propelled the general population must comprehend and take in more. A few organizations need taught individuals so terrible that they are willing to pay for their workers to attend a university. As the interest for and educated worker gets higher so does the cost of education. In order for the normal individual to set off for college they require more than a minimum wages occupation to

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1711 Words | 7 Pages

The topic of minimum wage has been debated for many years. Merriam-Webster defines minimum wage as "a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. " people are usually either for or against the raise of minimum wage, with their own beliefs at the core of why they want to raise it or keep it the same. Some advocates for the raise in minimum wage to a living wage say that it will be beneficial to all the citizens of the united states, while others say that if we do raise it to a living wage it will collapse our economy.while we do see evidence for both sides we have to decide what is the best for the betterment of the american people.

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880 Words | 4 Pages

Minimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.

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522 Words | 3 Pages

Stating that where we work and go to school should be healthy and we should be insured. Many jobs that offer minimum wage don’t excel with benefits nor care about the health of customers. Say one was in their 30s working for McDonalds they would think negative and feel as if they didn’t succeed in life, which isn’t wrong, but everyone deserves a chance to do well in life, and if by raising minimum wage give people a boost into the right direction, then why not. Not only will this help the economy grow but also allow many people to have confidence in their self it would allow them to get insurance and benefits and create a happier lifestyle more people enjoy to be around. Working for seven dollars verses ten would make a big change in a person whole

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656 Words | 3 Pages

According to Procon.org, in 2014 a study showed that when California raised its minimum wage to $13 an hour would increase the income of 7.5 million families therefore lifting many families out of poverty. Kids that live in poverty are more likely to miss more school days than those that don’t (Procon.org. If more kids are able to go to school due to raising minimum wage, then the minimum wage should be raised. Another study by an Assistant Professor of Economic at the U.S. Military Academy at West Point showed that raising the minimum wage from the current minimum would lead to a 2-4 % decrease in dropout rates (Procon.org). Going to school and getting a high school diploma is an important achievement for many and if there was a chance to decrease the rate of kids that dropout of school then the government should do

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1890 Words | 8 Pages

People are glad that the minimum wage is increasing. This new law, which requires for all employs to get paid ten dollars an hour, is going to help the economy out in many ways, but it can also hurt it. People state that the economy is going to start rising up and is going to be stable for a while, but others fear that it will bring the economy down. Trying to change the minimum wage can bring and start a division between the people’s point of view.

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704 Words | 3 Pages

In the past three years, many politicians and labor unions have been pushing for an increase in minimum wage. Minimum wage is the lowest set wage by a law of a government body. An increase in minimum will benefit some people, and hurt others. An increase in minimum wage will cause benefit in the short run but will be very damaging to the economy in the long run. There should not be an increase in minimum wage because it is unhealthy to the economy in the long run and it will be the major cause of job loss, increase in inflation, competition, and the price level of goods and services.

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