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Minimum Wage In The Workplace

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According to an article by Alexander Huls in Small Biz Ahead, paying more than minimum wage is good for business, and good for the workers. In the article, Huls quotes Rieva Lesonsky, author of Start Your Own Business stating, “If you are a business owner, you are trying to do business with everyone in the community… How you treat your employees is going to impact how people are going to think about you.” (Huls) Workers will discuss with family and friends how they feel a company is treating them and “word of mouth” in a community can be a positive or a negative advertisement for the firm. Therefore, when the community hears that a firm treats and pays its workers well, this will encourage the community to take their business to that …show more content…

Three (3) out of the four (4) people I spoke to were receiving above the minimum wage rate. While one person stated, “I’m barely above minimum wage, but I haven’t been at this company that long. I don’t have anything bad to say about the company to my friends and family, but that could change after I’ve been there a while if my pay doesn’t increase.” The other two (2) people I interviewed stated, “I make well above the minimum wage rate and I have nothing bad to say to my friends and family about the way I’m treated at work.” They also stated, “I think they pay a good wage for the job and they treat us good.” The last person I interviewed stated, “No, I’m making minimum wage and I tell my friends and family, the company I work for is too cheap to pay their workers what they deserve. They want every penny for themselves and pay their workers only what the government makes them pay.” (Wiregrass) In my opinion, firms who pay above the minimum wage rate are making a good business decision, not only for the company but also for the workers. When workers are valued as a business investment and they receive a good wage, the worker is happy and a happy worker is a productive worker. Furthermore, when a worker tells the other workers what a great company they work for, it entices them to apply for a job at that firm. This

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In some cases, the company may choose to pay its employees more than the minimum wage in order to remain competitive and attract top

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The minimum wage in Virginia should be increased to reflect the cost of living within the State. The number of working poor are increasing. There are minimum wage jobs available throughout the state, however earned wages are not sufficient to allow for a manageable quality of life. The current minimum wage in Virginia is $7.25 per hour, in keeping with the Federal Minimum Wage rate of the same amount.

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Is minimum wage fair? You tell me... There is always a big debate over the subject of minimum wage. Should it be increased or decreased or should it just stay the same? Minimum wage shouldn’t be heightened, because people who are in poverty should just be able to try and better themselves.

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Is it ethical to raise the minimum wage when it doesn’t necessarily affect the very poor, the people it’s aimed at helping? The minimum wage is the lowest hourly wage an employer is permitted by law to pay an employee for his work. The current federal minimum wage is set at $7.25 an hour. Across the country, there is an overwhelming push in favor of raising wages for our poorest workers. In January 2016 the minimum wage in California was raised to $10 an hour.

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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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However, they are aware of the many downsides that come along with the increase. This leads me to believe that they want minimum wage workers to get better pay, their only hesitation is whether or not it would actually reduce employment or cause job loss. My conclusion is that the economy is not financially stable enough to increase the amount of every worker that gets paid minimum

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Small Businesses could go out of business if we raised the minimum wage to a higher price. This is a widely debated subject of money, income, and the effect raising the minimum wage can have on businesses and the economy. Currently, the federal minimum wage is seven dollars and twenty-five cents and have been established that way since 2009. It has been said minimum wage should be increased to accommodate living expenses and travel time to places of work. The problem with raising minimum wage , that many people do not realize, is how it affects big and small businesses.

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There are many people who feelm that they have a degree and a certain type of jibs people do are more important than those who want to have higher minimum wage. Most people who feel that they deserve a higher wage are those who work in fast food or an entry level position. The job anyone could do and this maybe the problem. A higher minimum wage is important and necessary. Most companies will hold back on all expenses or costs.

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I personally cannot relate to how it feels working a minimum wage job but I do feel that the minimum wage is extremely too low, especially for those of us living in Miami, FL. If you are a single person working a minimum wage job in Miami, you could barely afford a 1 bedroom apartment. And in the real world we need food and clothes as well. Imagine how it would be like being a single parent or the head of the household with only making the minimum. It would be practically impossible to get by.

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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.

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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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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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This is something that is a natural outcome of the economic growth that the United States is now enjoying. Clearly, there are going to be increases in revenue and profits throughout America. And if this is only restricted to a few, in top positions who get their salaries increased hundreds of times ahead of the ordinary worker who is doing a lot to keep a company going. In line with this, the small change in minimum wage is not helping and it is clearly not reflecting the fair and just distribution of money throughout the organization and teamwork is hurt by keeping the minimum wage low. It should be increased to force employers to do more to

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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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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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