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Minimum Wage Persuasive Speech

513 Words3 Pages

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. Your employers’ have costs to run their factories and home productions and those costs will increase and therefore they may not be able to pay as many people that are demanding minimum wage, thus leaving many people without jobs! …show more content…

In the current economy, I don’t believe that having a minimum wage would be very beneficial to England and her people. In Appendix F which states the reasons for economic distress there is a statement, “Our own fellow subjects are the best customers for our manufactures; and when they are no longer able to purchase the same provisions and clothing, and to provide their houses with the same utensils and furniture to which they have been habituated, the manufacturers of these various articles will in vain look to foreign countries for customers to supply their place.” We must have our fellow subjects purchase from us or we will lose business and the economy will start in a downwards spiral. We will look to foreign countries and give them business all while our country and economy are starving and perishing. We, as fellow brothers and sisters of this town and country, need to support each other and depend on each other in this

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They said that they are not able to raise their prices to afford this and cover their expenses. Also, they state that they have reduce the amount of the minimum wage employees or reduce their work hours which will effect both the owners and employees negatively. Furthermore, raising the minimum wage will effect economic negatively. The economists concluded that as a result of the wage increase, "many prices will increase, including those that lower-income households commonly face; wages will raise for those in minimum wage jobs that remain employed; employment opportunities for those at the bottom of the skills ladder will be diminished and employment growth will

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Although a minority of workers will experience pay raise or may even be brought out of poverty, the majority of workers would face unemployment and, if not that, would only be allowed to work for a short period of time in order for their bosses to compensate for the raise in mandatory pay. Also, some economists dispute that raising the minimum wage will have little to no effect on poverty rates altogether. For these reasons, I do not believe the minimum wage should be

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For example in Seattle, the minimum wage was made to be $15, which led to a rise in unemployment. Many employers cannot afford to pay everyone that much money without taking a loss, so a higher wage means less jobs.

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An important reason why minimum wage needs to be raised is because many families that works in the fields do not have the resources to help their children to continue with their education. Jon Corzine, a politician ex senator, states “No family gets rich from earning the minimum wage in fact, the current minimum wage does not even lift a family out of poverty”. This means that the minimum is not really helpful and useful. It is significant because a lot of families have big dreams and they cannot make their dreams become true because they do not have enough money. Many people live in bad conditions because the minimum wage is not enough to live better.

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Various arguments that have been put across for why the minimum wage should be increased will be explored. The research will provide an introduction to the issue with some historical background as well as the current dynamics surrounding the issue. After which, the direction of the paper will drive towards proving that the minimum wage should be increased by exploiting researched facts as well as evidence-based arguments that have been put forward by various experts concerning the issue. The paper will not include opposition arguments but it will focus on presenting a strong case as to why the wage should be increased as opposed to why it should not be increased or rather counter-arguing the facts presented by the other divide of the subject matter at hand. The research will use figures, numbers as well as other facts about the topic from previous research to build the case for increasing the

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Some business, in this case, would have to cut jobs in order to adjust to the wage changes, which could reduce employee benefits. Others business will even have to increase their price on goods. Many economists think that it will even intensify competition for jobs. For example, there would be more overly qualified individuals who would apply for a job that require little to no experience, which would push least qualify workers out of the job. Most states already took the actions to raise the minimum wage with Washington having the highest at $9.32(Kurtz).

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