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Increasing The Minimum Wage Essay

676 Words3 Pages

Increasing the Minimum Wage

The topic of having an increase of decrease in the national minimum wage is a persistent issue and political debate where many people share several different opinions. The minimum wage should be required by law to be increased to $15 dollars per hour, nationally. By stating that increasing the minimum wage is necessary, it is not to be done immediately. Instead, it is best to be giving an outpaced increase time and allowing the economy to slowly adjust to it. The increase in the minimum wage would reduce national poverty rates, allow people to afford everyday necessities, and eventually increase productivity and economic growth.

The minimum wage should be legally enforced to $15 an hour, due to the fact that, it will reduce national poverty rates. According to a 2014 Congressional Budget Office report, just by increasing the minimum wage from $7.25 to $9 there would be an increase of about 300,000 people out of poverty. Likewise, over 900,000 people would be raised out of poverty if the minimum wage was raised to $10.10. These poverty rate reductions provided in the Congressional Budget Office report are made by just a couple dollar increase, however a $6.75 increase to the …show more content…

In a poll conducted in 2013 by Oxfam America, stated that about 66% of U.S. workers earn less than $10 per hour, and they would “just meet” or at times “didn’t have enough” to meet the needs of surviving. Also, 50% admitted that they would have frequent concerns of not being able to provide these needs to their families and themselves. The National Low Income Housing Coalition reported that, a worker must earn at least $15.50 an hour to be able to afford a one bedroom apartment. This is double the current minimum wage meaning that a person would need to be working at least two jobs, just to meet the bare

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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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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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The cost of living is a difficult situation that many Americans across the country struggle with today. A heated debate that directly impacts the lives of all citizens is whether or not the price of minimum wage should be increased. Minimum wage is the standard amount of money earned for executing a basic skill job. Some people hold strong beliefs on why enlarging minimum wage is a major downfall, while others think this process is extremely beneficial. The following paragraphs will discuss the pros and cons surrounding both sides of this topic and the reasoning that births each one.

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Various arguments that have been put across for why the minimum wage should be increased will be explored. The research will provide an introduction to the issue with some historical background as well as the current dynamics surrounding the issue. After which, the direction of the paper will drive towards proving that the minimum wage should be increased by exploiting researched facts as well as evidence-based arguments that have been put forward by various experts concerning the issue. The paper will not include opposition arguments but it will focus on presenting a strong case as to why the wage should be increased as opposed to why it should not be increased or rather counter-arguing the facts presented by the other divide of the subject matter at hand. The research will use figures, numbers as well as other facts about the topic from previous research to build the case for increasing the

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Women and ethnic minorities make up the largest group earning less than a $15 wage. According to NELP, Women workers make up about 54.7 percent of minimum wage workers. African Americans represent nearly 12 percent of the aggregate workforce, accounting for about 15 percent of the under-$15-wage workforce. Also, Latinos make up 16.5 percent of the workforce, however represent very nearly 23 percent of workers making under $15 an hour. With the workforce so disproportionally represented, these workers with the lowest paying job will greatly benefit from the change.

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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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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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A person working full time at the federal minimum wage of $7.25 per hour earns $15,080 in a year, which is 20% higher than the 2015 federal poverty level of $12,331 for a one-person household under 65 years of age, but 8% below the 2015 federal poverty level of $16,337 for a single-parent family with a child under 18 years of age (procon.org pro#2). If you put the minimum wage at $9.00, people will be able to live comfortably without unemployment rates going up. However, raising the minimum wage

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Minimum wage is an extremely controversial topic. It is argued at both the state and federal level to a great extent. Some believe that the minimum wage should be increased to $11 or even $15 an hour, advocating for adequate pay for decent living conditions. While others think that minimum wage should remain as is, or even lower. Unemployment is also an arguable topic.

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