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How To Raise Minimum Wage Stats

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Compare to the charts depending of the cost of living there are some changes that can take place and raising the minimum wage stats whereas living can be better for society and Americans. Minimum wage is an issue still today and is debated word wide with eclectic audiences. Minimum wage will always be looked at s priority and poverty with low income and housing as a minority family. When the day has set and the family is around the dinner table for dinner then the issue of minimum wage comes up in the conversation, how can the family do better, what can we do to be middle class if not top class where the millionaires lives and the status of a millionaire. Not sure how a millionaire lives but comparing to the stats society is way off to another side of the map. Use to say why the rich can’t help the poor they …show more content…

Americans work and still have not enough money to take car all of their necessity needs for them and their families. Some still have to depend on the welfare system to eat and take care of all their bills just to make it month after month. This is the welfare system called Department of children and families have a part to play in to families who can’t afford to feed their children or pay full amount of rent on their own some people need the help of a system that can help them pay bills and feed their families without doing illegal things to get money or food to provide for their families. Some men and women are locked u because they couldn’t afford to take care of their families the right way so they believed the only way they can provide for their family is to rob steal and maybe kill to make sure their family is well taken care of. But minimum wage has been an issue for such a long time without anyone really considering changing the rate of minimum wage so families can actually take care of their

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Raising the minimum wage will ruin our economy. Look at the big picture, businesses and companies will struggle or close, poverty will increase, and the price of consumer goods will rise. There are a few things that let economists know how the economy is doing at the moment. They’re called economic indicators, and 2 of them are consumer confidence and unemployment rate. The more people that are unemployed, the less money being used to buy things which hurts the economy.

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1993 Words | 8 Pages

Because the cost of living has welkin rocketed, it has become virtually infeasible to raise a family on a minimum wage job. A person living on his or her own cannot survive on minimum wage job either. Their living expense would just be exorbitant. The earnings of minimum wage workers are crucial to their families salubrity. Evidence from 2013 and 2014 minimum wage increase shows that an average minimum wage worker brings home more than a moiety of his or her family 's weekly earnings.

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646 Words | 3 Pages

Ever since then, the actual value has steadily decreased while the minimum wage has increased (A History of the Minimum Wage, 2014). This means while Congress has been alleviating the minds of American workers by increasing the minimum wage, the actual value has been decreasing to where it is now. Over the years, people earning at or below the minimum wage have slowly lost their purchasing power while their productivity has risen. Per the Economic Policy Institute, if the minimum wage had been raised according to the productivity output, it would be $18.42 in 2014 (Mishel, L., Gould, E., & Bivens, J, 2015). This would put

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1146 Words | 5 Pages

It was talked about how raising the minimum wage can affect businesses and even have jobs loss. When looking back the minimum wage has not been the same because the government “has changed it 22 times”(Labor, Department). This would not be the first time minimum wage was changed. Inflation would be what people worry about the increase in minimum wage, but an article mentioned “Congress sets the minimum wage, but it doesn't keep pace with inflation”(Labor, Department). Our prices could be high right now for the everyday worker and still earn the same amount of money and trying to keep up with the rising prices.

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1315 Words | 6 Pages

There are many people who feelm that they have a degree and a certain type of jibs people do are more important than those who want to have higher minimum wage. Most people who feel that they deserve a higher wage are those who work in fast food or an entry level position. The job anyone could do and this maybe the problem. A higher minimum wage is important and necessary. Most companies will hold back on all expenses or costs.

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1512 Words | 7 Pages

Many citizens of California would naturally think about prices of products when they hear that the minimum wage will increase. An online article, by PewResearchCenter, says that “..Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 8.1% of its purchasing power to inflation”. Even though this was news a few years back, it still shows the effects of having a raise in minimum wage. It shows that 8.1% being purchased have been increased into products. There will be no point in raising the minimum wage if the price of products goes up.

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1503 Words | 7 Pages

Since the initiation of the Fair Labor Standard Act of 1938, there has always been an argument for fair wages. Politicians’ argument about a person’s worth in regards to their work to gain appreciation from low income workers. If a company increased their pay from six dollars an hour to twelve dollars an hour, the company would need to compensate in other ways to make profit. To compensate for this higher wage, the company would then have to fire one third of all employees. Also, hours and benefits would be reduced, if not cut all together, for current employees.

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628 Words | 3 Pages

As a result, rent and support does not seem that huge of an issue. Furthermore, raising the minimum wage will create a deadweight loss on the labor market. As

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1305 Words | 6 Pages

As of right now, the federal minimum wage is $7.25 per hour, which might seem like a decent number. However, back in 1963, the federal minimum wage was about $1.25, but if we take inflation into account (CPI Calculator) then that $1.25 equates to $8.67, which is greater than today’s minimum wage. If we were to raise the minimum wage to $15, it would only be slightly more than the minimum wage in 1963, not taking in the fact that the living standard is higher than that of the past. In other words, the price of goods has gone up, but wages remain stagnant, which breeds poverty because people simply cannot afford basic living necessities and government places many restrictions on who receives Currently, California is the only state that raised its minimum wage to $15 per hour.

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1153 Words | 5 Pages

We find no evidence that minimum wage increases between 2003 and 2007 affected overall state poverty rates. ”(Leigh, A. (2007) Proposals to increase the minimum wage are politically popular because they are widely seen as an effective way to help the working poor. In spite of it, state and federal minimum wage increases between 2003 and 2007 had no effect on reducing the poverty rates. “Minimum wage increases have thus far provided little more than symbolic support to the working poor.”

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711 Words | 3 Pages

If America raises the minimum wage to $9.00, it will help people in need or in poverty, but it also won’t hurt people in the workforce. If you increase the minimum wage to $15.00 it will make unemployment rates go high up. Which in the process, makes the homelessness rates go up in the country and in your community. If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness.

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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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607 Words | 3 Pages

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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776 Words | 4 Pages

Minimum wage Minimum wage in America is poverty it creates a wage lower than the living wage. It 's only backbone of support is social welfare and the affordable care act medicaid and obama care so people who have low wage paying jobs and minimum wage has to rely on taxpayers and the government to pay with their subsidizes, Because social welfare no longer becomes support but becomes a lifestyle. Minimum wage is set by the Department of labor, and fair labor standards act they set a minimum wage and a overtime pay. Why isn 't minimum wage raised to living wage or out of poverty level? Because if minimum wage goes up so does the prices of goods.

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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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