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Minimum Wage Persuasive Speech

805 Words4 Pages

Minimum wage has always been a controversial topic in United States, and it has been heat up recently because of the presidential election and the legislation in California and New York State. Bernie Sander claimed Americans should all have a 15 dollar minimum wage, and New York State Governor Cuomo just signed $15 Minimum Wage Plan into law recently. However, is it really a good thing or it would simply ruin our nation like what Donald Trump believes? Also, if it’s good, who will be benefited the most from it? "Most economies in Northern America and Western Europe subject their entire labor market to a minimum wage floor."(Brecher, 1974, P. 192) Minimum wage has existed in United States since 1938 under the new deal, and it is legalized in many other nations too. However, if we want to discuss how minimum wage would affect the United States, we must first understand what is minimum wage. In economic terms, minimum wage is a price floor, which is a government price control on the lower limit of certain product. In this scenario, cost of human capital, in other words the wage is being regulated by the government. Adam Smith has once said in his book “The Wealth of Nation”, that …show more content…

Right now the minimum wage in New York City is only 9 dollars per hour, and it is going to be 15 dollars per hour by 2018. According to the living wage calculator developed by Dr. Amy K. Glasmeier, which define living wage as the hourly rate an individual must earn to support himself, if he is working full-time (2080 hours per year). The living wage for an adult is $14.30 per hour in New York City, and this is nowhere near the 9 dollar per hour minimum wage now. This leads to something called “working poor”, which one works full time but still falls below the poverty line. The best example for this would be one working in Walmart but also has a food stamp

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The current federal minimum wage is set at seven dollars and twenty-five cents. Many workers across the country are complaining that the purchasing power of the minimum wage is currently low, meaning one cannot buy as much while living off of the minimum wage. Moreover, citizens are work full time, while earning the minimum wage, are living, on average, several thousand dollars below the poverty line. However, an increase in the federal minimum wage may do more harm than good. It is likely that an immediate increase in the federal minimum wage will lead to an increase in high school drop outs, a large cut in the workforce, mass amounts of inflation, as well as a large amount of jobs being outsourced.

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A few of the states among the highest minimum wage are Washington, D.C. which has a minimum wage of $10.50, California and Massachusetts which have a minimum wage of $10, and Alaska which has a minimum wage of $9.75 (“The 10 States”). While a person could live on minimum wage alone, they could only support their self, no kids or other family members, and they would still be teetering on the brink of poverty. A person working a full time job at minimum wage pay earns just over $15,000 a year, just a few thousand dollars over the United States government’s poverty threshold. People who earn tips

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Fellow citizens of Manchester, I write to you today about the topic of minimum wage. While I understand how it could be helpful to the lower income families and the hardworking employees of factories, there are a few downfalls that need to be addressed. While the extra funds look and sound extremely helpful, it would hardly make a huge difference due to the alarmingly high tax rate of 50% of the income – which will be addressed later in the upcoming weeks. By having a minimum wage, other necessities in life will also increase with the raises. The things that we struggle to purchase now will increase in prices and we will continue to struggle to purchase it.

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A man or women working a full time for the governments the lowest pay permitted by law of $7.25 every hour ears $15,080 in a year, which is 20% higher than the 2015 federal poverty level of $12,331 “for one-individual family under 65 years old yet 8% underneath the 2015 federal poverty level of $16,337 for a single parent family with a kid under 18 years old. ”(U.S department of labor). Say the government raised the minimum wage to $9, it would lift three hundred thousand people out of poverty and if it was raised to $10.10 if would raise nine hundred thousand people from poverty which would be great for the economy and the devastating poor people (US Census Bureau). These statistics prove what the outcome of poverty would come to if the minimum wage was raised, clearly shows that the poverty rates will

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Minimum wage is a salary cap that hourly pay can not go below. The discussion of this topic is if it should be raised or kept the same. Minimum wage should be kept the same because people would lose their jobs, and as a result of raising minimum wage other products would go up as a result of this (“History” 1). One result of raising minimum wage is that people would lose jobs. This reason is pretty self explanatory, less jobs less income.

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The minimum wage exists in order to set a living standard and to ensure somewhat of a gaurantee of survival in living in the U.S. The current federal minimum wage is currently set as $7.25 and the state of California at $10.50 as of Jan.1 2017. Although the minimum wages has continually been increasing since $0.25 in 1938 during the Great Depression, proponents of organized labor and those in poverty remain persistant on increasing the minimum wage to $15. However, increasing minimum wage would discourage the low-skilled workers to sharpen their aptitude and reach full competence to work in a more skilled workforce. The idea of easily attaining more money for inconsiderable work would only help raise the standard of living, and lower the standard of the economy and productivity as a whole.

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There has been widespread debate on whether raising the minimum wage is the solution to the problem of helping low income families. Raising the minimum wage to $15 in New York State may be viewed as a great way for people to get out of a low paying job or simply to make ends meet, but it’ll only bring unemployment and inflation of costs. Businesses are sometimes forced to hire fewer employees if the proposed $15 minimum wage is enacted. Thus, fewer people have a job.

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Don’t you love being poor? Just for thinking that you could get away with getting more money? “Greed has driven the world crazy. And I think I'm lucky that I have a place over here that I can call home”, Nina Simone’s words are why I feel the United States of America should not raise their minimum wage just yet. In Australia, the minimum wage is already in a good state, but in within USA people are fighting to double their minimum wage.

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The topic of minimum wage has been debated for many years. Merriam-Webster defines minimum wage as "a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. " people are usually either for or against the raise of minimum wage, with their own beliefs at the core of why they want to raise it or keep it the same. Some advocates for the raise in minimum wage to a living wage say that it will be beneficial to all the citizens of the united states, while others say that if we do raise it to a living wage it will collapse our economy.while we do see evidence for both sides we have to decide what is the best for the betterment of the american people.

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699 Words | 3 Pages

An increase in the minimum wage to fifteen dollars per hour will hurt America’s lower skilled workers. Raising the price floor of labor will make jobs much harder to find. David Neumark, an economics professor at the University of California, Irvine, estimated that “raising the federal minimum wage to $15 would reduce employment among the least skilled by 5 percent to 10 percent”

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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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1231 Words | 5 Pages

When a tree falls in the forest, people wonder if it makes a noise because no one is there to hear it. When a low waged worker who can’t pay his or her bills at the end of the month is crying out of desperation for a change to happen, are they heard? Since 2009 minimum wage workers have been making only $7.25 an hour in the United States (Minimum). Young and old workers everywhere are trying to make it by on this little amount to stay afloat at a living standard cost that keeps rising every year. These workers comprise 59 percent of the U.S. workforce that work hourly waged jobs (Minimum).

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1024 Words | 5 Pages

Evidence of Problem Existence: Most of us can't get by on minimum wage pay and leaves people struggling at home. Chris Isidore stated on a article listed on CNN that "About 20% of American adults who have jobs are earning only $10.65 an hour or less, according to Osterman's analysis. Even at 40 hours a week, that amounts to less than $22,314, the poverty level for a family of

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Minimum wage was first established in 1938 by Franklin Delano Roosevelt, in an attempt to stimulate economic growth and create a better standard of living for the lower class. This attempt was fairly successful, but also has many consequences. You may be asking yourself, “how on Earth could setting a limit on how little you can pay someone be bad?” On the surface this statement seems logical, but if we delve deeper we begin to see many negative effects on the implementation of minimum wage. In our nation the minimum wage law almost seems out of place, like it doesn’t quite fit in.

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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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