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Increasing Minimum Wage Essay

365 Words2 Pages

Minimum wage is the lowest an employer can pay its workers on an hourly basis. The federal government enacted the minimum wage laws but each state can have their own individual laws on minimum wage. The cost of living has gradually gone up and many families cannot keep up with it because of such low income they are receiving due to the low minimum wage laws that the federal and state government have in place. There are currently 13 states that have passed legislation that can change their minimum wage laws so it better helps the lower income individuals and out those 13 states, 9 have already increased their minimum wage (Job Growth Picks up in States That Raised Minimum Wage). Over the years, many workers have suffered from inflation and the cost of living has gone up …show more content…

Those affected by low minimum wage laws are not only limited to low income or middle class workers but taxpayers also. If a low income worker needs government aid that has to be paid for by taxpayers. Increasing the minimum wage comes with many benefits to workers and the government such as more income means more money individuals will be able to spend and families that rely on government aid because of low wages will ideally no longer need them because of higher payment they will receive. Many democrats and supporters have pushed to raise the federal minimum wage to better reflect the current cost of living, while other states have already taken initiative and increased their own minimum wage laws. The increase of the federal minimum wage is difficult to execute because of the republican political party, they argue that increasing the minimum wage will cause job loss, a rise in prices, and less hours an employee can work. Although it is unclear if increasing the minimum wage will have negative effects on employment, supporters still anticipate that the increase in minimum wage will reduce

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1993 Words | 8 Pages

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.

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Should Minimum Wage Be Raised Essay

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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Essay On Raising The Federal Minimum Wage

733 Words | 3 Pages

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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Minimum Wage Should Not Be Raised

495 Words | 2 Pages

A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.

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How To Raise Minimum Wage In The United States

579 Words | 3 Pages

Raising minimum wage in the United States would benefit over twenty eight million workers. Raising minimum wage would help businesses and would also give workers with minimum wage salaries more money then just enough to get by. The money these workers earn will go into businesses in and near their communities. Also the cost of living wages have increased throughout the years. With a minimum wage salary you have to work a forty hour work week without paying more than thirty percent of their income.

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Increase Minimum Wage Essay

850 Words | 4 Pages

An analysis of the new bill to increase the minimum wage to $15 reveals several challenges employees, employers, and the state are facing: Higher cost of living, unemployment, and bankruptcy. Employers will have to raise prices of the products to increase the sales and profits. The state will have a higher cost of living than it had before. Unemployment will increase resulting in more dependency on the government. Many business owners may have to declare bankruptcy so they won't lose more money.

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105 Words | 1 Pages

Since the election and reelection of President Barack Obama the increase in minimum wage has been a major topic for the United States. His proposal to increase minimum wage has sparked a lot of controversy with some Americans. Many believing that increasing minimum wage will have a negative impact on our economy and even our educational system. They argue that increasing minimum wages will harm the very people it was intended to help because it will increase housing cost as well as the price of consumer goods. They argue that it will decrease the high school enrollment rates at the same time increase dropout rates.

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Arguments Against Raising Minimum Wage Essay

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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670 Words | 3 Pages

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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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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716 Words | 3 Pages

Many argue companies wouldn’t be able to keep the same amount if workers, and half a million jobs would be lost (Minimum wage). This is not true, the extra money in customers hands would raise the economy enough to cancel out the extra costs, and actually create more jobs. Jobs might initially be lost, but in the long run, they will recover with a vengeance. In the end, when people say raising the minimum wage would lose jobs, it is a temporary loss that will recover within a year or

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Raising Minimum Wage Essay

1217 Words | 5 Pages

The Federal minimum, as it sits, is $7.25 per hour. This wage is far too low, as it is impossible for a person to support themselves without outside assistance on this wage. Currently, the minimum wage in the U.S. is not a livable wage, so it must be raised. According to the Economic Policy Institute, a minimum wage adjusted to a living wage in the U.S. would be $10.10 per hour. This would return the minimum wage, adjusted for inflation, to roughly the same rate as in the 1960s.

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Persuasive Essay On Minimum Wage

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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Raising Minimum Wage Essay

530 Words | 3 Pages

The possible effect of the minimum wage on the quality of life is one of the most hotly debated topic in contemporary economics and in the political discourse generally. According to economic glossary, the term minimum wage is defined as a legally established price floor on the wage paid to labor. Before minimum wage was enforced employers would often take advantage of women and young workers by paying them at a lower rate than they actually deserved .Today employees are protected under the law to receive a certain lowest amount for their labor in low paying jobs.

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Increase Minimum Wage Essay

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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