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Minimum Wage Analysis

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The reason that minimum wage should be raised is because the expense of education is significantly cost more today. Not just has the cost of school gone up additionally the cost of numerous private and catholic schools. In today 's reality, kids can 't better themselves if their parents can 't pay for their education. Thus prompting lacking instruction of children and additionally adults in college. A few children need to depend on themselves to pay for college. They don 't get the opportunity to go, in light of the fact that they cannot manage the cost of it on their minimum wage. This is simply not reasonable to our young children who are the way to our future. In the event that the minimum wage was expanded, numerous individuals would be …show more content…

Later on you are going need a college diploma to do practically anything. As innovation shows signs of improvement and more propelled the general population must comprehend and take in more. A few organizations need taught individuals so terrible that they are willing to pay for their workers to attend a university. As the interest for and educated worker gets higher so does the cost of education. In order for the normal individual to set off for college they require more than a minimum wages occupation to …show more content…

According to David Cooper, he states that in a 2013 overview of driving financial experts the nation over, 34 percent expressed that raising the minimum wage would make it harder for low-wage laborers to discover employment, and 32 percent expressed the inverse with 27 percent staying undecided. Be that as it may, when the same workers were inquired as to whether the advantages to low-talented laborers for raising the minimum wage exceeded any unfavorable impacts on job, just 11 percent oppose this idea. The minimum wage would raise the wages of numerous workers and build advantages what hindered workers. If the base wrath were raised to $10.15 by 2015, an estimated of 6.9 million workers would get an increment in their time based compensation. Because of the overflow impact the 10.5 million workers procuring up to a dollar above the minimum wage would likewise be liable to profit by an increase, and also women are the biggest gathering of recipients from a minimum wage increase. Women are a majority group that will benefit the most from a minimum wage increase. An expected 12% of working women would have profited from an one-dollar increase in the minimum wage, also African Americans speak to 12% of the aggregate work power, yet are 18% of workers influenced by an

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The 15 dollar minimum wage is a commonly debated topic in American politics and is quite controversial because of its unknown outcome if implemented. Many believe raising the minimum wage would cause more harm than good. Those opposing the $15 minimum wage must attempt to convince upper, middle, and lower class Americans through the use of commonplaces, inductive logic, and a deliberate argument that raising the minimum wage would cause massive job loss, increased dropout rates and encourage companies to outsource production. Making an efficient rhetorical strategy to convince the target audience against the $15 dollar minimum wage will take different strategies depending on which audience group is being addressed. Through past attempts, the

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1993 Words | 8 Pages

In 2013, an estimated 12% of workingwomen would have benefited from a one-dollar increase in minimum wage. A disproportionate portion of minorities would benefit from a minimum wage increase. African Americans represent 12% of the total work force, but are 18% of workers affected by an incrementation. Similarly, 11% of the total work force is Hispanic, but Hispanics are 14% of workers affected by an incrementation. In 12013, a moiety of the benefits of a minimum wage increase would have gone to workers in households with an annual income of less than $35,000.

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203 Words | 1 Pages

It was in Each and every generation since has arrived at a compromise solution, even if none of the compromises are entirely satisfactory to all participants. Continuing struggles is still present in America. The book “The Labor Question in America: Economic Democracy in the Gilded Age” the equitable distribution of the fruits of labor and the participation of all citizens in American society appeared in its modern form. The recession took middle class jobs, and the recovery has replaced them with low income ones, which is an ongoing trend that has increased the income inequality.

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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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130 Words | 1 Pages

The argument of raising minimum wages have been really popular recently. In the article, the author talks about all the benefits of raising the minimum wage and what states have followed the bandwagon in doing so. The overall dilemma regarding the raise of minimum wage limits is whether raising the minimum wage really going to help the economy or is it just going to cause problems for the middle and upper class? The law of economics will introduce inflation into the raise and the economy will end up in the same position as before. For example, the standard of living on the west coast and the east coast is different because of different wage levels.

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639 Words | 3 Pages

North Americans have been a part of an era that struggles with low minimum wage that has resulted poverty in many areas in Canada and United States. Having to work several jobs to support family is a struggle for many growing families. This issue has always been the top headline on newspaper and news channel with workers going on strike or not able to afford going to school yet, the focus is taken away by politicians making statements of the change they will make. People are still waiting on the change, politicians claimed they would make.

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251 Words | 2 Pages

Out of the 4 issues, I chose the issue about minimum wages. I believe that Liberal Party 's right. This party said that they want and plan to increase the minimum wage to $15. I agree that the minimum hourly wage should be raised. This is because there are lots of citizens that have families or financial problems and sometimes the money is not enough to support a family.

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125 Words | 1 Pages

My career is a welding they make about 20 to 30 an hour. I plan to go to college for a two year course. Then I plan on doing welding jobs and save enough money to open up a shop. If I had a minimum wage job I would not have much money.

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670 Words | 3 Pages

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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711 Words | 3 Pages

Since the Great Depression, there has been a minimum wage in America, but this minimum wage has changed 22 times since the Great Deprnbession. Many people say minimum wage should stay at $7.25 like it has been since 2009. Meanwhile, other people believe that minimum wage should be $15.00 so they can have more money to live comfortably. People think that a higher minimum wage will help, but it will hurt more people than it will help. If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out.

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715 Words | 3 Pages

As of now many Americans are in the lower class and the upper class continues becoming richer and richer. Raising the minimum wage is a very efficient way to circulate money in the economy from the bottom up, where it can have the most impact alleviating hardships and boosting consumer demand for business. (Article #6) President Obama said “There is no evidence that a higher minimum wage costs jobs.” (Article #3) So therefore we should increase minimum wage a little over time since minimum wage earners, living paycheck to paycheck, spend increases right away.

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547 Words | 3 Pages

The larger amount of young workers would be affected the most by the increase of minimum wage. Businesses would have to limit their employees. When looking at who to hire, businesses will typically go with someone older and more experienced rather than a young adult or teenager. The bulk of the research on

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1045 Words | 5 Pages

Supporters of raising the minimum wage are using the argument that education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years. The cost of education is a lot more today than it was many years ago. A college education is crucial in today's world. Children cannot better themselves if their parents cannot afford their education. Thus leading to inadequate education of children as well as adults in college.

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1775 Words | 8 Pages

In this days it is customary for countries to set a minimum wage for the labor market, this is a minimum amount that the employer can pay to the worker, this is a bottom limit to set the salary of each employee. Governments set this minimum wage determining the minimum income a worker can perceive or which is the lowest amount a company can pay their workers, this in order to try to regulate the labor market so employees do not become underpaid or companies’ abuse workers from their dominant position. But this minimum wage also has downgrades, as it can foment underemployment, informality or unemployment since the minimum wage could be higher than companies are willing to pay as such it needed to consider alternatives. Nonetheless, although

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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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