In addition to the benefit mentioned above that relates to small business, prices for services would be kept low. For example, if lower wage employees were paid at a higher rate, those costs would be passed to the consumer. A hamburger would cost $6.00 instead of two for $3.00. That is a pro for the employee but a con for the consumer.
Almost all articles, for or against the raise, agree that as long as the poverty line is not adjusted, then state and federal services that low-income workers were previously using would decrease. This means that the money that is no longer being distributed in food stamps or other services can be returned to Washington, D.C. and be redistributed. Economists say that raising the Federal minimum wage to $9 will restore the dollar to its real value (The President’s Plan). And indexing the minimum wage would ensure that working families keep up with inflation.
Character Essay Up In The Air by Walter Kirn is a book I don’t care for. It is super fast paced and most of the characters are pretty one dimensional because the book doesn’t take a break. It doesn’t take the time to explain them in detail. They have one or two main traits such as greedy businessman or typical main character love interest.
Minimum wage would raise the wages of many workers and increment benefits what disadvantaged workers. An estimated 6.9 million workers would receive an incrementation in their hourly wage if the minimum rage were raised to $10.15 by 2015. Due to the spill over effect the 10.5 million workers earning up to a dollar above minimum wage would withal be liable to benefit from an incrementation. Women are the most astronomically immense group of beneficiaries from a minimum wage increase. Sixty percent of workers who would benefit from an incrementation are women.
it says that in fast food restaurants nearly 100% of increased labor costs would be pushed into their prices. Therefore, even if people are making more money, there will still be more money coming out of their pockets to pay for goods and services. So hypothetically wouldn’t they still be just as poor if they’re spending more while making more? But that isn’t all of the negative effects raising the minimum wage would have on small businesses. If the minimum wage was to move to say $15.00 per hour, then the business would have to
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.
My essay going to be about Fast food workers should be paid more because of today’s generation living cost and food stuff is so expensive than the past couple years .So in my though employee should get $ 12 to 15 dollars per hour . I know its gonna help employee to survive in their life .It also going to hurt people who owns the company, but still they will make enough money to survive their life . In the article it shows that in July 31 -2013 for better wages most employees make $ 7.40 an hour . It was on the 8 mile about the Taco Bell employee .
I believe that the current minimum wage of $7.25 an hour for the past 7 years with no increase has had a negative effect on the workers in the fast food
Therefore a lot of the unskilled workers will struggle to find jobs in this market and will go from low waged workers to unemployed which will hurt them even more. In this case, overall it would be a lose-lose situation for the unskilled workers in poverty because although there will be a raise in the total money they can earn, it will be a whole lot harder to find a job for them due to their lack of skill, and maybe a more skilled middle class worker coming in their spot. For example, if the minimum wage goes up a person looking for someone to hire for their store will pick the person who can do the job better even if it is a little bit more money because the gap of minimum wage would not be that high so therefore the unskilled workers, who are usually already in poverty because they were not taught any skills when they were young because they grew up in
Fast food workers are employed by a highly profitable industry. Corporations earn and report record profits and at the same time are receiving many tax breaks. CEO's of fast food corporations are some of the top payed in the nation. As the inequality gap continues to separate the rich and the poor more and more, fast food worker's are fighting an uphill battle where
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.
Raising the wage would help in many ways. As the gap between the rich and the middle class increases, it is important to increase the minimum wage. Raising the minimum wage would be helpful for the economy. Seventy two percent of people want the minimum wage to increase
A raise would help many people and the economy as a whole. Procon.org said “The Congressional Budget Office projected
Those who enjoy the low prices of their favorite fast food dollar menu items would obviously be disappointed if these prices went up. In contrast, a study conducted by economists Michael Reich, Arindrajit Dube and T. William Lester demonstrated “that a ten percent increase in the minimum wage would increase corporate costs by only one percent”(Satran par. 6). The fast food companies would not allow the prices of beloved products to rise too much because they would lose business. Even if the minimum wage were increased, it is doubtful that restaurants would swell the prices to unthinkable
(Mankiw, 2008) But it is bad for those employees who get laid off (i.e. become unemployed) because the employers now find it expensive to hire them due to the minimum wage legislation. (Besanko, David, Dranove, & Shanley, 2000) Thus, minimum wage leads to a rise in inequality. This would be explained using a hypothetical example.
