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Minimum Wage Persuasive Essay

988 Words4 Pages

The minimum wage has been changed twenty-two times by congress. The minimum wage was twenty five cents when president Franklin Roosevelt was in office. People want the minimum wage to increase, but if it were to increase it would ruin everything. It could make significant things worse for people, younger people would not find jobs, and many companies might have to shut down or do things differently. Minimum wage should not be Increased. A raise in minimum wage would make things worse for many people. The Congressional Budget Office projected 500,000 jobs would be lost due to a 2.85 dollar increase of the minimum wage. There was a survey taken by 1,213 businesses and human resources professionals, 38% of employers who pay minimum wage stated …show more content…

Actually since an 18 year old can work 48 hours a week if they work 48 hours weekly for a year at the minimal wage of $7.25 they would make $18,096 which is 48% more than the 2015 federal poverty level of $12,331 for a one-person household and it is 11% more than the poverty level of $16,337 for a single parent with a child under 18 years of age. "A 2013 study by University of Massachusetts at Amherst economist Arindrajit Dube, PhD, estimated that increasing the minimum wage to $10.10 is projected to reduce the number of non-elderly living in poverty by around 4.6 million, or by 6.8 million when longer term effects are accounted for." (Should the Federal Minimum… , 2017). That's if the poverty level didn't change because increasing the minimum wage would change the poverty levels because consumer items and products would become more expensive to compensate for the minimum wage increase meaning in the long run it wouldn't

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But would it? The Congressional Budget Office estimates that raising the minimum wage to $10.10 would boost earnings for around 16.5 million workers, while causing up to 1 million jobs to be eliminated. To me that’s not a great trade-off: according to CBO, the typical family living below the poverty line would see its annual income rise by only around $300, or about 2.8%. But for up to 1 million workers, their salaries would go to zero.

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The federal minimum wage has been increased twenty-two times since President Franklin Delano Roosevelt signed the bill into law in 1938. President Roosevelt was an avid supporter of a federal minimum wage as he says that “no business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” Raising the federal minimum wage has many pros and cons, but is a necessity to thrive in society. People have argued that raising the minimum wage will cause inflation, but it will create various economical benefits, income benefits, production benefits, and improve racial justice.

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According to Jonathon M. Trugman in Raising Minimum Wage Would Cost a Million People Their Jobs even a small increase in the minimum wage would cost over 500,000 jobs. He states “The minimum wage is by design an entry-level wage; it is not supposed to be permanent.” Mike Patton in The Facts on Increasing the Minimum Wage takes this point a step further and says

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Today’s minimum of $7.25 an hour is worth 25 percent less than the minimum in the late 1960s. From research, a full-time, minimum-wage worker earns about $15,000 per year, which is below the federal poverty line for a worker with just one child. We need to raise the minimum wage to the point where the lowest-paid worker can afford their basic needs, such as food and other necessities. An increase to $10.00 an hour as proposed by President Barack Obama would actually reinstate the wage factor to the same value it had back in the 1960s. In doing so, it would lift earnings for nearly 28 million workers nationwide roughly 1 in 5 U.S. workers.

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Admittedly, if wages were to increase, smaller businesses may not be able to afford as many employees. This could result in businesses hiring less people and laying off other. If this happens, then there will be more unemployed Americans who fall beneath the poverty line (“Should the Federal”). However, with an increased minimum wage there would be more people who have a higher income than people who are unemployed. In fact, according to a study by Alan Krueger and David Card, there was “no indication that the rise on minimum wage reduced employment” (“Should the Federal”).

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At first glance, raising the current minimum wage seems like an outstanding idea and one may think, “Hey, it’s not hurting anyone.” In reality these good intentions will result in many unintended consequences such as causing businesses to hire fewer workers, it has no effect on reducing poverty and will decrease employment. A common misconception referring to minimum wage in the United States is that the current minimum wage is not enough to make a living and support a family. The majority of minimum wage workers are between the ages of 16 and 24 years old.

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Some studies have shown that raising the minimum wage would cause many owners to lay off some workers because the would put the working employees to work harder. This would cause many people to get laid off by their jobs and cause unemployment to skyrocket. “For one thing, the push for a national minimum wage of $15 an hour would actually cost employers $18.61 an hour, thanks to payroll taxes, unemployment insurance and ObamaCare taxes. The proposed increase, if passed into law, would, according to Heritage, impact one-third of all American workers, and hurt the most those working in lower-cost states”(Adelman 1). If we were to increase minimum wage unemployment would increase dramatically because many people would get laid off.

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Ever since the Great Depression, the minimum wage has been in effect in order to reduce poverty so that employees are paid a reasonable sum. Although the minimum wage can be beneficial and advantageous for individuals and to our economy as a whole, it can also be detrimental to our nation’s finances. The minimum wage was last increased on July 24,

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Americans below the poverty line are demanding for increased pay in their minimum wage jobs. Although with the increase to fifteen dollars an hour, many Americans would be left jobless pushing them farther under the poverty line increasing the wage by over half would harm the country’s economy more than improve it. Minimum wage workers want higher wages for the work they provide, but inflation, unemployment, and businesses closing will only cause more issues for Americans. The disadvantage to raising the pay for minimum wage workers is inflation.

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According to a professor named Robert B. Rich “$10.10 isn’t enough to lift all workers and their families out of poverty. Most low-wage workers aren’t young teenagers; they’re major breadwinners for their families, and many are women. And they and their families need a higher minimum wage.” Robert is saying that the minimum wage should be increased because for most people in a family that earns all of the money to support their family will need to get out of poverty. Therefore raising the minimum wage would be benefit.

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The nation's minimum wage is $7.25 and people are fighting to get a higher pay so one can live without the stress of living day to day. Many people could be benefited if the wage to $15. “The law, which would raise the minimum wage to $15 an hour by 2020, affects hundreds of thousands of workers and makes Los Angeles the largest city in the country to mandate higher pay for workers at the bottom of the income ladder. Backers predicted the action here could reverberate across the nation, ultimately aiding millions of Americans.”

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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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$7.25 and hour is just not sufficient enough to have a human live in the price inflated country of America healthy, “Congress also found that these decreased wages caused one-third of the U.S. population to be ill-nourished, ill-clad, and ill housed.” (Minimum Wage Overview 1). Having 46.5 million people living under the poverty level in the united states is not a statistic to be proud of; 15% of the american population is living in poverty (Poverty In The 1). 6.6% of the people living in poverty are in ‘Deep Poverty’ which is when they are 50% below the poverty line (Poverty In The 1).

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2146 Words | 9 Pages

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%.

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Minimum Wage Raising minimum wage would affect the world all around but not so much as the people wanting it would like. It would mess up all of the economy; to prices going up, insurances, employment rate, and how many people per job site. Minimum wage has been a thing since 1938. It all started with the Great Depression in 1938. It started at twenty-two cents an hour.

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