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Persuasive Essay On Minimum Wage

870 Words4 Pages

The federal minimum wage is currently $7.25/hour and has not changed since 2007 despite significant rises in the cost of living. Many lawmakers feel that it is past time to raise the minimum wage; the debate is by how much. An increasing number of lawmakers feel that $15.00/per hour is necessary in order to allow individuals to live above the poverty line. Others, however, feel that this significant rise would hurt the very people it is intended to benefit. If people are working, they should be able to earn enough to provide the basic necessities for themselves and their families. Many families who are earning more than minimum wage must depend on government assistance to cover basic needs. In addition to increasing salaries to $15.00 per …show more content…

Fewer jobs will be available for teenagers and adults with limited skills. Individuals who currently work for minimum wage or even more than minimum wage will find themselves without a job at all. Most unskilled workers and teenagers begin gaining skills in minimum wage jobs. An employer must always look at whether or not the business is making money. A person is hired based on whether or not the individual can earn more for the business than the business has to pay the employee. Businesses will not be willing g to hired unskilled labor because their skills do not benefit the business enough to justify paying them $15 per hour. Despite the improvements in the economy, data shoes that the wealthy are earning more and the poor and the middle class are making less. People will also be replaced by machines. Technology has a high price tag up front, but it doesn’t receive a paycheck. “The big challenge today is we have technology that’s replacing people. With that headwind of technology, the worst thing to do is to make jobs more expensive. Technology is already taking jobs,” Kaplan told ABC News. “What you ought to do is make it easier to hire people.” Overseas workers are cheaper than in the U.S. already. Higher wages, especially for those doing repetitive manual labor, will cause more jobs to go

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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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To begin with, the federal minimum wage should be raised because it would increase jobs and economic activity. Economists from the Federal Reserve Bank of Chicago believe that raising the minimum wage to $9 an hour would increase household spending by 48 million dollars. Increasing the amount of household spending would help the economy by injecting more money in the economy. In addition raising the minimum wage to $10.10 an hour would create 85,000 more jobs for the United States. Creating new jobs would help the economy because people would have more money to spend which would increase the economy.

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The United States economy is a huge economy and it is home to 320 million individuals and a 16 trillion dollar economy. With such an incredible monetary size, it is a shaky framework that can get out of hand easily. The innumerable factors that can change and totally alter that framework that all Americans work with today. These alterations can open up several paths for the U.S. economy, change individuals lives as well as lead the economy to dive downhill. Low-wage class laborers have raised their voice and keep on fighting for a raise of the standard of the minimum wage.

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The first problem with raising minimum wage is inflation. Inflation is when prices rise because of the minimum wage rising. Setting the minimum wage to $15 an hour, which is what most people are wanting, businesses payroll would go up a lot. Taxes would go up if minimum wage went up because the government would need more money to pay for other jobs.

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A living wage of $15, instead of a minimum wage, is necessary in today’s society for basic

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In 1990, minimum wage was $3.80 per hour for all covered, nonexempt workers. Today minimum wage is $7.25 per hour. The minimum wage lost about 9.6% of its purchasing power to inflation since 2009. Even though our minimum wage is lower than it is in Washington D.C. or Massachusetts, our cost of living is a lot cheaper. I would much rather have a lower minimum

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According to the Pew Research Center, “16 to 24-year-olds make up 50.4% of minimum wage earners” (“Should the Federal”). Raising the wage could take away incentive for young adults to get a better education. If one can get a high paying job without a high education, there isn’t that much of a point of going through tedious, vigourous, and expensive schooling. Another effect is that competition between workers is likely going to increase. If older people start trying to get more minimum wage jobs because the wages are higher, younger workers are going to have a hard time being hired.

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As of July 24th, 2009, the federal minimum wage in United States of America was set to $7.25. Over the years, there has been many people whom say that $7.25 isn’t enough to survive and want federal minimum wage to increase.

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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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Study has shown that many families average minimum wage worker earn half of his or her earning weekly. Here in Mississippi minimum wage is only 7.50 now you do the math for a single family’s home, this come out to be around 14,400 dollar a year for a single. This is not enough money. The worker who benefit from a minimum wage increase work full time and average from 20 to 30 hours a week. This is why I argue that minimum wage need to be increased so families can survive in this high cost

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The minimum wage in the United States was re-established after the Great Depression in 1938 to .25$ an hour. The federal minimum wage now is $7.25 an hour. However, 29 states have a minimum wage greater than the federal minimum wage (Minimum Wage Laws). President Obama in his State of the Union speech, urged congress to raise the minimum wage to $10.10 an hour. Obama and his cabinet believe such a bill would support the U.S. economic and people in the lower ladder of society.

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A parent is a prime example of many individuals that can suppress undergoing survival in modern day society. Working for a big corporate company may sound phenomenal, but when the person is a mother/father who works part-time, being paid minimum wage will have that parent battling costs they can’t upkeep. A check of $250 bi-weekly can merely assist any parent with rent, adjoining food costs not only for themselves but their family included. Although that parent may have the assistance of their partner, maybe even the government, an hourly pay of $8.05 isn’t enough to

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(9) A long term impact that can be seen due to minimum wage increasing is an increase of people being dependent on minimum wage paying jobs to support their families. While most believe individual working minimum wage paying jobs are between the ages of 16-24, they actually range higher than that. Around 88% of individuals working in minimum wage paying jobs are not teens and the average age tends to be 35 years old. (3) With more older people applying for minimum wage paying jobs there has been increase in demand for jobs which pay minimum

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However, the Congressional Budget Office estimates that increasing the minimum wage to around ten dollars hourly will cost the U.S.about 500,000 jobs (Syrios 1). The wage increase is often advertised as something to help those that are impoverished or struggling economically. However, the wage increases will make it so that firms won’t want to hire new people; they will utilize more automation verses paying new employees more money. The most effected group by this change is teens, where half of those paid by minimum wage jobs were those 25 years old or younger (Syrios 1). Most teens, who are usually low-skill workers, will be less often hired compared to those with more experience if they will be paid more money.

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