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Pros And Cons Of Minimum Wage

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Lower Minimum Wage, Just Like Your Expectations
Minimum wage has been around for many years, starting after the Great Depression to protect the workers from being underpaid. It was never intended to be a livable wage, but in our modern era the public has been trying to argue that it should be enough to live off of, without any real knowledge of the topic. Minimum wage jobs rarely require high skill levels or any prior job experience and are typically for teenagers and college students. A few states have been raising the minimum wage to $15 an hour due to protests to get it raised because people claimed that minimum wage wasn’t enough to live off of. Does a livable minimum wage cause disaster? Will it help produce jobs, or will it destroy them? …show more content…

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. Pushing to make minimum wage to a livable amount of money is absurd, it will take jobs away, lower hours, and make items and services more expensive. The millennials, and other workers who do not want to make a career for themselves do not deserve $15 an hour to to flip a burger at Mcdonalds. These jobs were created as a first job, not a career, those who are protesting, trying to make a livable wage on a first job are unaware of the consequences it will have on the workforce. Seattle is just one example of the failure it will cause to have $15 pay an hour. Stores closed, employees were laid off, and prices jumped. While making more money would be nice, there’s a good chance that in the end, one would still end up making the same amount they did before because of less hours, and higher

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The American Action Forum believes that raising the minimum wage can do more harm than good and hurt the people it’s supposed to help. Job loss in the millions would happen if the wage was raised from $7.25 to $15. People in poverty before the increase would have trouble finding jobs because companies would have to have less positions to counter the wage raise. Komlos, John. " Column: Why Raising the Minimum Wage Is Good Economics."

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Many economists believe that if the minimum wage is increased to more than ten dollars an hour, it is extremely likely that due to the extensive amounts of

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Raising the minimum wage has been one of the biggest debates during the 21st century. One side of the spectrum argues that raising it will make it so they have a living wage, while the other argues that raising it will hurt the economy. Whichever the case is, people are clearly divided on this issue. Before Oregon passed the 15 dollar minimum wage law, people wrote arguments to try to either prevent or pass this law. The article, “How a $15 minimum wage would affect a real business: Guest opinion” by Lee Spector argues that raising the minimum wage would hurt small businesses like the one he earns.

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The Federal Minimum Wage is widely considered to be the backbone of American workers’ rights. Minimum wage was created and implemented to ensure that workers get paid fairly for the time that they work, and get paid enough to support themselves and their families. However, this, though once a reality, is no longer happening. Because of the inadequacy of the Federal Minimum Wage, and perhaps more importantly, the gross negligence of the Executive Branch of the United States government of said inadequacy, as was displayed by the Republican­controlled Congress blocking a bill in 2014 that would have raised the Federal Minimum Wage to $10.10 per hour, workers are suffering and struggling to avoid poverty and personal economic disaster. The federal

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1558 Words | 7 Pages

The Service Employees International Union have been waging a “Fight for $15” campaign battle since 2012 (Gollom). If raising the minimum wage to a number such as $15 an hour, and seemed like it would have a positive outcome, it would have been changed by

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920 Words | 4 Pages

Why so much just for minimum wage? Well, a lot of people have come to the conclusion that by doing so, it will put many families all over the country in better money situations and potentially keep them out of dept. What they aren’t realizing are the negative outcomes that can come from this; such as inflation or even higher unemployment rates. Is this really something that our country wants to risk getting into?

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For instance many businesses would most likely have to reduce staffing which would increase unemployment to offset the increased wages. Automation would also come in to play with increased wages. You would begin to see less waiters and waitresses because they would be replaced with POI systems where the customer would order food right at their table, sending the order directly to the kitchen to be cooked. In the fast food industry the way food is processed or cooked may also become affected . Robotic flippers would replace traditional cooks.

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1173 Words | 5 Pages

Employers will have to pay more for each employee. Therefore, to make sure that they are not constantly losing money, employers will simply not hire as many people to work in these minimum wage jobs. Many people have said that because of this massive rate of increase in minimum wage, corporations will have to get rid of 20% of their workers if they want to spend the same amount of money on employees in comparison to past years. Another large problem that occurs from the effects of this increase is that less people have the chance to earn more money once they move on from a minimum wage job. Even if there was no minimum wage increase, most workers would end up making 40.8% more than their minimum wage salary, as they gain work experience.

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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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Since the minimum wage isn’t being raised, inflation has “cut the purchasing power of a minimum-wage worker’s paycheck by twenty percent” (Krugman 6). Inflation is stopping people from moving up in society because it is forcing minimum-wage workers to work multiple jobs in order to make ends meet. People have to live from pay check to pay check in order to pay bills and by enough groceries for the week. For example, Rebecca is working a forty hour work week earning $7.25 an hour. Before taxes she only makes $290.

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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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551 Words | 3 Pages

Minimum wage is set so that it forces businesses to have a lowest hourly pay and no one is cheated out of their money. Right now it is a hot topic in San Diego as well as Seattle because it is so expensive to live their, that people are not even getting by with the minimum wage now. It affects many residents in San Diego and Seattle because they have many retail and fast food franchises and their lives could be changed dramatically if these businesses choose to raise their wages. San Diego has just raised their wage from eight dollars to nine dollars and they are still thinking about raising it to ten dollars in two thousand sixteen. Also the city of Seattle has changed their minimum wage to fifteen dollars, which is the nation's highest.

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1231 Words | 5 Pages

Every time a new minimum wage law is established it correlates with the cost of living a that time period. When inflations takes ahold of prices on goods and services it becomes a lot more difficult for families with children to live a stable lifestyle. Also, every year a new batch of graduated high school seniors embark on their journey to college. Those students will soon realize that the tuition cost will be too much for them to bare, so they will either have to change their major to a job that will help pay off college loans quicker or drop out. This all can be prevented if the United States government steps into the shoes of minimum wage workers and acknowledges the hardships these workers face.

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945 Words | 4 Pages

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.

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961 Words | 4 Pages

Minimum wage helpful or disastrous for Americans Did you know that millions of minimum wage workers cannot make enough money to be over or at the poverty line level and are actually a lot more below it instead? There have been many issues on the topic of increasing the minimum wage from ten to fifteen dollars because it can cause inexperienced workers having a tough time getting or looking for jobs, families not being able to live on the minimum wage the way it stands now, and businesses not being able to create more jobs to hire more workers. For instance, an author named David Neumark believes that the effects of the minimum wage have a major issue that increasing minimum wage can reduce the numbers of jobs and pretty much screw over workers

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