A recent study involving three hundred fifty thousand small businesses and the IRS proved that by raising the minimum wage, proved that by raising the minimum wage in cities, actually created jobs (Meyerson A.19). The survey showed that the cities with a higher minimum wage had more jobs come to the area, aiding in job growth (Meyerson A.19). Another argument that leans toward the raising of the minimum wage involves people in poverty. Studies have shown that by raising the minimum wage, more people can live above the poverty line (Meyerson A.19). By raising the minimum over nine hundred thousand people would be
Does minimum wage really help our societies? In an episode of “30 Days”, the article “Serving in Florida”, and another article “Economists argue about minimum wages” these authors take different positions on their opinions of minimum wage. The argument of minimum wage has been a big conflict for years. Government leaders, celebrities, rich, poor, and anyone in between has stated their opinion on whether minimum wage is a good thing or a bad thing. These authors are just a few to begin with.
Raising the minimum wage will put people who do not have the best qualities, people who did not further their education the best they could, out of a job. Only the best are going to be hired with having to pay each employee more money (Weiner, 2014). Even though there are people out there who are not as educated as others, it is not fair that they cannot get a job because of that. Just because someone is more educated than another person, does not mean that they are a better worker. Being a great worker and learning the position that they are suppose to learn, will also help educate them and in the end, it is a win-win.
I do not believe that it will be beneficial for the United States to pass a minimum wage policy that puts it over the poverty line. Basically, this will dive the prices of products up so companies can manage profits. Additionally, the demand for products will additionally drop because of the rise in prices. Since the demand for products will be dropping, this will lead to less money in the business owner’s packet, which can lead to job losses. Even though the minimum wage workers will have more money on pay day, the rise of goods will cause inflation, and they will still not be able to afford anything.
In fact: “Parents with two children working full time at the federal minimum wage of $7.25 an hour currently earn $4,700 below the poverty level.” (Olivia 1) Some family is a little better than that, they can feed their family, but it’s because that the children also going to work to help the family. No education, it will affect their future, but raising the worker’s wage will help, even just a little bit. Raising the wages can help these children to go to school, they might success in their life and they will benefit the country in the
Increasing the minimum wage to ten dollars and ten cents would have an impact on twenty eight million workers by getting an increase in pay(Perez). The average minimum wage worker is an adult over 20 and most of them have high school degrees or higher than that(Sklar). So that is about eighty eight percent of the minimum wage workers are 20 or older(Perez). The people in high school will greatly appreciate a raise also. This many people people will be impacted for the good why not just help the twenty eight
Most opponents of a consistent minimum wage claim that a higher minimum wage will boost the purchasing power of the poor population and thus benefit the economy. For example, Danziger Leif, a professor of economics at Yale University, claims that,“ For example, when Tommy is talking to the coach, the editors cut to a shot that shows the reaction of the opposing team. Before the fight began, there weren’t so many cuts; however, when the fight kicked off, there were suddenly a tons of cuts shortly after each other.” (Leif 3). In other words, if the government raises the minimum wage from $7.25 to $8, the amount of people that have an income below the poverty line would decrease by 2.4%.
The government raising minimum wage would cause more harm than good. Walter E. Williams wrote an article regarding the issue of raising minimum wage. In Mr. Williams’s article he asks, “Here's my question to supporters of higher minimum wages: How compassionate is it to create legislation that destroys an earning opportunity?” What Mr. Williams is contemplating is by raising the standard minimum wage there creates no opportunity for the worker to increase their pay by hard work, the higher pay is already there. Mr. Williams has a valid
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.
Minimum wage is not enough for people to rely on. Many people that make minimum wage are likely to go through a time of poverty. Employees that make minimum wage are said to put less effort into the job, than the
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.
According to the Congressional Budget Office report on The Effects of a Minimum-Wage Increase on Employment and Family Income, increasing the minimum wage from $7.25 to $10.10 per hour will only reduce the number of people in poverty by 900,000, a relatively few portion of the 16.5 million people that would supposedly benefit from the raise. This is because of the number of minimum wage workers, relatively few are actually in poverty and of families who live in poverty, only about 7 percent have a full-time worker in the family meaning poverty is not because people are not being paid enough, it is because they are not working or not working enough. In addition, they argued that if raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. It would cause a risk in a probable elimination of some jobs for low-wage workers and the income of those workers would fall substantially, again causing
Fifty-six percent of them are women. Even though some states already have a higher minimum wage, increasing the federal one will help thirty-eight million low-wage workers. Although some might say that increasing minimum salary might make products more expensive, it would really help the economy. People will earn more money, thus leading to more
Minimum wage helpful or disastrous for Americans Did you know that millions of minimum wage workers cannot make enough money to be over or at the poverty line level and are actually a lot more below it instead? There have been many issues on the topic of increasing the minimum wage from ten to fifteen dollars because it can cause inexperienced workers having a tough time getting or looking for jobs, families not being able to live on the minimum wage the way it stands now, and businesses not being able to create more jobs to hire more workers. For instance, an author named David Neumark believes that the effects of the minimum wage have a major issue that increasing minimum wage can reduce the numbers of jobs and pretty much screw over workers
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
