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Essay On Raising Minimum Wage

457 Words2 Pages

Raise the Minimum Wage

Many business owners argue that the minimum wage increase would only cause difficulties and make up their prices, but many workers support the minimum wage increase is necessary in order to help low-income workers dig out of poverty. Today, the real value of the minimum wage is about 20 percent less than when Reagan took office. Tipped workers have an even lower minimum wage: $ 2.13 per hour, unchanged from 1991. On average minimum wage worker full-time makes $ 14,500 a year, leaving too many families struggling to reach End of the month. A family of 3 living minimum wage is well below the poverty level

According to the White House, since the call of the President to action in 2013, 18 states and Washington, DC they have passed legislation to raise the minimum wage-- benefiting millions of American workers. At the federal level, the Obama administration has expressed support for the Levante Act proposed by Senator Murray and Scott Representative salary, which would increase the minimum wage to $ …show more content…

29 states plus the District of Columbia have set their minimum wage above the federal level of $ 7.25 per hour from 1 January 2015. The 15 states plus the District of Columbia, the rate of their minimum wages up automatically with the cost of living. 10 states currently indexed minimum wage increases every year: Arizona, Colorado, Florida, Missouri, Montana, Nevada, New Jersey, Ohio, Oregon, and Washington. Five more states, plus the District of Columbia, will wage increases index minimum starting annually in the coming years: Alaska (2017), DC (2017), Michigan (2019), Minnesota (2018), South Dakota (2016 ) and Vermont (2019). 8 states have established the minimum wage equal to the peak value of the full minimum wage, ensuring that workers who receive tips paid the full minimum wage directly by your

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Is it ethical to raise the minimum wage when it doesn’t necessarily affect the very poor, the people it’s aimed at helping? The minimum wage is the lowest hourly wage an employer is permitted by law to pay an employee for his work. The current federal minimum wage is set at $7.25 an hour. Across the country, there is an overwhelming push in favor of raising wages for our poorest workers. In January 2016 the minimum wage in California was raised to $10 an hour.

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Minimum wage should not be raised because it is not an income that someone sold live off of. Minimum wage in the country is currently $7.25 but some states have changed it in a way that is way too much. For example Washington state currently has the highest minimum wage at $9.32 that’s a $2.07 increase to the current amount minimum wage. Seattle is currently considering to raise their minimum wage to $15 it’s understandable that the city is very large and things cost more money but if they raise minimum wage to $15 that will only bring inflation causing things to cost only more money than it already does. If there is one thing that should not be done to the country it is to cause inflation.

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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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Ultimately, regardless of how enticing it is to simply raise the federal minimum wage, such an action will doubtlessly provoke economic instability, further limit job opportunities, and certainly will not help reduce poverty. At the moment, the whole country has become fanatical about the federal minimum wage issue. As demonstrated by several protests throughout the country, the majority of the people are in favor of hiking up the federal minimum wage. Surely, being a representative of the people, it would be a

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Democratic presidential candidates Bernie Sanders and Hilary Clinton have both embraced a 15 dollar minimum wage hike and interestingly enough, in a recent interview Donald Trump said that he cannot believe how “anyone could live with 7.25 an hour” and believes the states should take it upon themselves to increase the wage locally. It would be truly remarkable if one individual could live in Los Angeles (or Long Beach for that matter) with the current minimum wage of 10 dollars without having to share living expenses with others in the same household, or working multiple jobs. Nevertheless, with current economic conditions around the world it is hard for California and the United States to compete in low wage paying jobs that do not require much skills. In light of this fact I feel that the purpose of the minimum wage (which was established back in the great depression and had the goal of creating a minimum standard of living where all workers health and wellbeing was protected) should change to meet the demands and reality of our changing economic environment. Instead of being a labor price that psychologically gives individuals the liberty to buy a house, car, and some leisure, as many families think (especially as they mistakenly reflect back on the 1950’s) it should reflect the condition of the economy as a whole,

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Why not give the people more ? Minimum wage is a constant conversation in America. The current state of this controversial conversion in America is raising the current minimum wage, which are 7.25. As of today, 1.7 million Americans are living off minimum wage every year. These people are all living under the poverty line.

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In 1970, the minimum wage was only $1.60, but this fit along with the price of the economy. Now, there is talk about raising the minimum wage to a whopping $15.00 an hour. While many Americans believe this to be an insane amount, others believe it is accurate and will help the United States in a way different than anything else. Raising the minimum wage amount will increase the quality of life, strengthen the economy, and change the poverty percentage. The minimum wage was established in 1938 as part of the Fair Labor Standards Act (FLSA).

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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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In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.

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In recent years, minimum wage is a heavily debated topic. The last minimum wage increase occurred in 2009, rising from $6.55 to $7.25 (webapps.dol.gov). A common number thrown around that seems to work the best for everyone is $10.10. If minimum wage was to increase, it would spur job growth, lower unemployment rates, reduce government spending, and lessen poverty bringing many Americans into the middle class. The rise of minimum wage is long awaited and needed in the quick acceleration of the economy.

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Introduction More numbers of state are joining to take action to raise the minimum wage to $15 per hour in a few years even though there is a high disputing controversial all over the nation. The federal has set the minimum wage level to $7.25 on Jan. 1, 2015. In less than a year the index number of the minimum wage is going up automatically with cost of living. And eventually it will be likely to increase year by year with automatic and expectation index.

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779 Words | 4 Pages

Minimum wage should be agreed upon to increase because no one should have to make the decision of keeping the lights on at their home or buying food for their kids to eat. The economy is growing and it is getting more expensive to live in the United States. At this rate, we will be back in a depression if pay is not increasing with the cost of living. In today’s world minimum wage is $7.25 and to rent a one bed room one bathroom is a $1,000 without water and utilities. Clothes, food, car payments, and gas to get to work and back should not be a struggle.

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Since the Great Depression, there has been a minimum wage in America, but this minimum wage has changed 22 times since the Great Deprnbession. Many people say minimum wage should stay at $7.25 like it has been since 2009. Meanwhile, other people believe that minimum wage should be $15.00 so they can have more money to live comfortably. People think that a higher minimum wage will help, but it will hurt more people than it will help. If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out.

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There are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.

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However, in the long run, many employers will not be able to maintain to stay in business due to the significantly high wages. An increase in minimum wage would cause millions to lose their jobs and put them further in poverty. It would even make it harder for them to obtain jobs after the increase due to the increase of competition in the job market, and most importantly an increase in minimum wage would cause increase in the price level and it will reduce significantly consumption due to the lack of purchasing power that is cause by the higher inflation rate. The minimum wage should not increase because it is unsustainable economically. Another approach of help guide people out of poverty can be a push for an increase in education and knowledge capital instead of continuously increasing the minimum

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