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Positive effects of increasing the minimum wage
The negative and positive effect of minimum wage
Effects of minimum wage legislation
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Just think about how many more people are negatively affected . {PAUSE} Alyssa: A higher minimum wage wouldn’t cause any significant impact on prices and would instead help businesses and the government. In fact, “The government would save forty-six billion dollars over ten years since people would earn enough to no longer qualify for the Supplemental Nutrition Assistance Program.”
in 18 different cities (Our par. 3). Specifically, Feeding America is a organization came together 35 years ago (Our par. 1). This organization is working with 200 food banks and is feeding over 12 million children and 7 million seniors (Our par. 5). 23% of the children in the United States are living in poverty, and 40% of the children attending a public school applies for free or reduced lunch. These children not only face problems with not being fed but also worry about housing security, finding/obtaining resources for school, safety, access to medical care or dental care, fulfilling expectations of teachers and other superiors, and funding college.
Just imagine ... someone who has been proficient in the field of computer science since his childhood, but couldn’t afford to go to college. Just imagine if, since he couldn’t afford college, he couldn’t get a good paying job and is now succumbed to the struggles of surviving on minimum wage. Just imagine the grief you would have felt in this situation, knowing that you’ve let down not only your family but also yourself. Now, while this problem, of minimum wage, may not be applicable to many of you, it is a common issue for many Americans today and is just one of the many issues, such as gay marriage, abortion, and national security, that the Republican party is fighting to solve.
Should the Federal Minimum Wage be Increased? Have you ever thought that you wanted a raise at work but did not have reasons? In this essay you can give your boss these reasons and get more money. The minimum wage in 2012 was $7.25. The minimum wage is a large-scale reason of poverty.
The Minimum wage was inserted into law to counteract working forty plus hours a week and child labor. In today’s times the only thing minimum wage is doing is hurting young workers to get a job and keeping smaller business from growing. With the minimum wage in place it doesn’t guarantee a living, it guarantees
One of the most important questions in the concept of minimum wage is who does it affect? If one really digs deep into the demographics of minimum wage, realizes who is affected by it the most, and what it has done to help people, it is easy to come to the conclusion that minimum wage is justified. To be able build a solid profile for the average person on minimum wage, we have to look at a few statistics. First off, 50% of minimum wage workers are between the ages of sixteen and twenty-five, the other half being all other ages. It is easy to determine that a large percent of minimum wage workers are young.
This poses the question: “Is the current minimum wage a livable wage?” The answer, unfortunately, comes back negative. The current federal minimum wage, at $7.25, is worth nearly 38 percent less compared to 1968 when the federal minimum wage was valued at its highest ($11.72 in 2016 dollars). Given the facts, it is justifiable to raise the federal minimum wage as it would amount to a more livable wage, stimulate the economy, and provide better circumstances for workers of color and women.
One of the main reasons is that if the the minimum wage is increased, employers will have no reason to keep employees. As stated, “ Suppose we increased the minimum wage to $300 per hour. Do you really think that most of us would keep our jobs? Of course not-there would be no incentive for employers to retain us” (Source B). A key component in this argument is that if minimum wage was increased, employers would automate many jobs that workers have.
The first problem with raising minimum wage is inflation. Inflation is when prices rise because of the minimum wage rising. Setting the minimum wage to $15 an hour, which is what most people are wanting, businesses payroll would go up a lot. Taxes would go up if minimum wage went up because the government would need more money to pay for other jobs.
The main issue with raising the minimum wage is, it actually has very little effect on reducing poverty. This is because the majority of minimum wage workers are part-time, young, still in school, and because very few people earn minimum wage. With the minimum wage being intended to help people with minimum skills, its purpose was not to help a person raise a family of 4. Since the majority of minimum wage workers are teenagers, raising the minimum wage to reduce poverty would have very little effects since most below poverty level are not “head of household” workers (Fuller). Out of the 75.3 million workers that are paid hourly, only 4.7% were paid in minimum wage and of those minimum wage workers, 59.4% are between the ages of 16 and 24 (Patton).
This is why I think that raising the minimum wage is a bad thing. To start off with raising the minimum wage will hurt businesses. A study done by the Congressional Budget Office shows, “A minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs.” A statement said by Jamie Richardson, MBA, and Vice President of the fast food chain White Castle said, “The company would be forced to close almost half its stores and let go thousands of workers if the federal minimum wage were raised to $15.” Both these studies show that increasing the minimum wage would decrease the amount of jobs that there are for people everywhere.
Shaun Herman DIT Task 3 11/27/15 In the United States of America, the land of the free and the home of the brave everything is not equal. Women make less money than men do and it has been proven to be in general seventy eight cents to the dollar. Even when the comparison is within the same job field there is a difference. Black and Latino women make even less compared to white men. What’s even worse is the pay gap is not getting better.
Minimum Wage and the Issues to Consider Within the United States labor system, the national minimum wage was introduced into law in 1938 during the great depression (History of the United States minimum wage, 2016). The Fair Labor Standards Act (FLSA) law was introduced so that there would be regulation to protect American workers from being exploited and treated unfairly within their working conditions. The purpose of having a federal minimum wage in place is to ensure that the standard cost of living for the necessary essentials can be maintained. To account for inflation, the FLSA is revised every few years to account for the cost of inflation and has also been modified so that individual states can set their rates for minimum wage. From
Can you imagine getting paid less than another new worker doing the same job just because you are younger? The state of Michigan is allowing this to happen with the adjustments to the minimum wage law that passed on January 1, 2018. Lawmakers thought fewer jobs would be created for minors if the minimum wage for everyone was increased to $9.25 per hour (“Michigan Minimum Wage for 2017, 2018”). Therefore, the minimum wage should be the same no matter what age you are. It is clear that equal minimum wage is needed to improve equal pay and to decrease the discrimination of many young adults.
Many argue that an increase in minimum wage will help guide low skilled workers out of poverty and assist them into having a better career. That is not necessarily true, Many economists can agree that minimum wage jobs such as cashiers, host or a hostess are not jobs that meant to support a family. If anything by raising the minimum wage, it will put more people in poverty than guide them out of poverty. A raise in minimum wage will cause loss of jobs, an increase in the inflation rate, increase in
