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Minimum Wage Persuasive Essay

945 Words4 Pages

For the time being Germany is one of seven countries in the European Union, which includes 28 countries, to be without a minimum wage level. Only recently Angela Merkel, the German Chancellor, has approved the first minimum wage of 8.50 euro an hour to be introduced in 2015. At first minimum wage has been established to reduce poverty. Many supporters do believe it keeps poverty at a lower level and increases the standard of living. People opposing the minimum wage think that it increases unemployment and also harms the less skilled workers. It can be said that the minimum wage insures that people are paid properly for their work: It is being defined as the lowest amount an employer can legally pay workers per hour. However, there are both benefits and …show more content…

With all the benefits minimum wage takes with it, we unfortunately do also have drawbacks as well. As soon as minimum wage is introduced employers will have issues paying their workers. Many companies or businesses have a limited budget and suddenly the employer can no longer keep the same number of workers and therefor need to make layoffs. Workers will be left unemployed. Or another solution would be that earnings get reduced. Connected to my first thought it will definitely decrease job growth in small businesses or even lead them to be broke in the long run. Why? Because most of them may not be able to afford the new minimum wage at all, they will struggle paying their employees or earnings will drastically get reduced, putting more burdens on small staffs. Till now the minimum wage would only lead to fewer or not well paid jobs. Low paying jobs asking for low skills are most likely to weaken with a minimum wage, if product prices do not get

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According to William Dunkelberg, a writer for Forbes magazine, by raising minimum wage there could become less jobs than before. Though the people who have jobs would be making more money, smaller companies wouldn’t be able to pay for their employee’s, and would have to let people go. “Small businesses stay in business

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Classical Liberalism makes two important promises; to create a state that is free from oppression and give its citizens freedom. The United State has tried to keep true to these principles till this day, but has failed to address the detrimental effects of capitalism in our society. Many argue that classical liberalism is exactly what the founding fathers intended for America. They wanted its citizens to have civil rights, freedom, and protection, rather than a controlling monarchist system, and at first it was functionally a dream come true.

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Raising minimum wage in the United States would benefit over twenty eight million workers. Raising minimum wage would help businesses and would also give workers with minimum wage salaries more money then just enough to get by. The money these workers earn will go into businesses in and near their communities. Also the cost of living wages have increased throughout the years. With a minimum wage salary you have to work a forty hour work week without paying more than thirty percent of their income.

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1429 Words | 6 Pages

Measurements and information outline that if the minimum wage is expanded there will be more occupations created and in this way increment the work rate. Actually, "increasing the national minimum wage from $7.25 to $9.80 would result in a net increase in economic activity of approximately $25 billion and would generate approximately 100,000 new jobs" (Cooper and Hall, Poverty2014). Clearly, if there are more occupations made there will be more individuals earning cash. Which prompts all the more sending on goods and services. Additionally, the main contribution of more occupations, profit and spending will lead and direct the economy into the right way to build itself up over time.

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152 Words | 1 Pages

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.

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1359 Words | 6 Pages

The minimum wage earner typically brings in half of their family's income. If it did happen to get raised congress could make benefits for low-wage workers. People till this day are having issues with insurance, health care and even housing there family. According to the Heather Boushey, she says raising the minimum wage would have positive effects on the economy and lowering the poverty rate. Economic research points to the conclusion that a higher minimum wage does not cause greater unemployment, it addresses the problem pretty well and could possibly boost the

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493 Words | 2 Pages

The minimum wage will affect lots of people, it will make live easier for people and it will boost the economy. For the people who are in the zone of a raise in pay because they are working minimum or some where around their. The minimum is probably never going to be able to stay at one point for ever. Statistics show that most of the states are projected to have and increase on the minimum wage by at least 2018( United states minimum wage increase).

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1381 Words | 6 Pages

On one side,bank accounts might look nicer, there paychecks might look better, and they could be able to make a living off of it. On the other side, hours would most likely get cut, up to 9 million jobs could be destroyed, and companies might switch to automated machines to save cost. Prices on items will go up so companies can pay to keep their employees with such a high hourly pay. Small businesses will have to shut down when they can’t pay the employees, leaving more jobless people. Minimum wage was started so employers could not take advantage of their workers, it was never created as a livable wage.

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1506 Words | 7 Pages

An increase in the federal minimum wage would cause inflation, however, it would in no way be detrimental to the economy. Experiencing a temporary increase in inflation would only harm the economy for a short amount of time, but, once employees start maintaining a more comfortable lifestyle from the increase in their pay, inflation will balance out, allowing the economy to

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752 Words | 4 Pages

Many people, form state legislators to various interest groups, in the United States are advocating increasing the minimum wage. There are several reasons for this, including the thought of it boosting the economy out of recession. Some other reasons are that it will improve the standard of living, boost consumer buying power, and provide a more stable and productive workforce. While these reasons are good in theory, raising minimum wage can be detrimental to small businesses and the economy.

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805 Words | 4 Pages

It could cause people to lose their jobs, have their hours get cut, or they could start getting hired less in the future (Smith). Raising the minimum wage could also increase the unemployment rate which is already 6.7% which translates to about 11 million people looking for a job. Lastly, raising the minimum wage could have a huge, negative impact on the still-fragile economy (Smith). People oppose the idea of keeping the minimum wage the same because they say they can barely live off of it because they have families, but others don 't have large families to support. Some people work their tails off for the $7.25 they make an hour, but others slack and still have those jobs, so raising the minimum wage would reward the hard workers and the slackers.

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700 Words | 3 Pages

What would be so bad about raising the minimum wage? Minimum wage is the lowest payment that employers can legally pay their workers. There are many downfalls in raising the minimum wage from it increasing poverty to it decreasing employee benefits. Increasing the minimum wage would make it more difficult for employers to hire younger and low-skilled workers, employers would have to fire people who currently earn minimum wage. “There are better ways to help the poor” (Doyle).

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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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1771 Words | 8 Pages

Minimum wage for workers in the United States has been a very widely discussed topic. The Fair Labor Standards Act in 1938 established an hourly minimum wage of 25 cents. ( )It has risen a lot since then. In my opinion, I believe the minimum wage rate can only have positive effects on the population. The states have different minimum wage laws.

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704 Words | 3 Pages

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

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