ipl-logo

Pros And Cons Of Minimum Wage

2865 Words12 Pages

Christina Duvernay
8 December 2014
Professor Teel
English 101
The Stress of $15 Dollars an Hour California minimum wage is currently nine dollars an hour. In September 2013, California passed House Bill AB10, which approved the first minimum wage raise for Californians in six years (California minimum wage rate 2014). In January 2016, the wage will be at ten dollars an hour. Many people believe that the minimum wage should be raised to fifteen dollars an hour, causing a lot of debate. While San Francisco had just recently raised their minimum wage to fifteen dollars an hour, it is also still expensive to live. If rest of California followed, it would not be the best thing. Raising the minimum wage to fifteen dollars an hour is too high and …show more content…

The interviewees that were in the middle stated, “I think it's both bad and good... bad because if they do, everything will increase as far as prices go... and good because well people will be making more money but just as they get money they will lose it quick on paying bills and buying food and for personal use... so there's a lot of con's and pro's to this issue (Jimenez).” “Good and bad, good because there is workers at burger joints that deserve a good pay. Just because they work at burger joints do not mean they do not work hard when they do. I personally know because I use to work in one, and would work my butt off. That is just the first of it ...and bad because; things well go up like the price. It would be cool if they raised the wage and keep the prices the same but sadly it does not work like that. (Martinez)” There was an interview where they felt that raising the minimum wage would not make a difference. “There's a pro and con to everything this however won't change much but the cost of living so really it won't make a difference whether it stays at 9 or goes up to 15. (Butler)” Also there were a few that believed that the wage should rise but not to fifteen an hour. “I think raising minimum wage is a good idea... To $15 is a bad idea. I feel like that's high to start. Because if a person gets a job and their starting wage is $15 there's no need to aspire to be anything but a burger flipper or fry cook or whatever. I feel it will make society complacent. Because most people aren't going to feel like they need to go past that entry level position. Yes, few are going to aspire to aim higher but that's very few. If people aren't aspiring while minimum wage is $8 an hour their definitely not going to if it's $15 I think 10 is a good raise, you want $15 for someone who has no marketable

Show More
Related
872 Words | 4 Pages

In theory, raising the minimum wage would lessen America’s dependence on such benefits. If workers are making more money, Hanauer says that workers are spending more, and increasing the demand for more workers as opposed to cutting jobs. Hanauer closes his essay by telling the reader to see the economy as Henry Ford did; an effective economy is one that works for all not just part of the country. ANALYSIS: After reading Nicolas Hanauer’s essay on raising the minimum wage to $15 an hour, I take an affirmative stance on this issue. The main reason for siding with Hanauer is that he is thinking about how many people can get an upper hand with a wage increase.

Read More
1721 Words | 7 Pages

The minimum wage in Virginia should be increased to reflect the cost of living within the State. The number of working poor are increasing. There are minimum wage jobs available throughout the state, however earned wages are not sufficient to allow for a manageable quality of life. The current minimum wage in Virginia is $7.25 per hour, in keeping with the Federal Minimum Wage rate of the same amount.

Read More
1993 Words | 8 Pages

Minimum wage would raise the wages of many workers and increment benefits what disadvantaged workers. An estimated 6.9 million workers would receive an incrementation in their hourly wage if the minimum rage were raised to $10.15 by 2015. Due to the spill over effect the 10.5 million workers earning up to a dollar above minimum wage would withal be liable to benefit from an incrementation. Women are the most astronomically immense group of beneficiaries from a minimum wage increase. Sixty percent of workers who would benefit from an incrementation are women.

Read More
392 Words | 2 Pages

Should government raise minimum wage? Minimum wage is set at $7.25 an hour, and if minimum wage was raised to $15 an hour such as in California, California 's law will affect both a much larger number of people, and a much more diverse population of workers than any other measure to date. A few reasons why raising minimum wage is a bad idea is because current employees who get paid the minimum wage would be obligated to do more work. To keep labor costs low, these employees would have to take on additional duties and responsibilities to make up the difference in hours available. Since more people would be willing to work for more pay, the current workers would be likely replaced by higher quality workers or automated systems.

Read More
878 Words | 4 Pages

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

Read More
341 Words | 2 Pages

The most important reason is that it would make it harder for people to create businesses if we raise the minimum wage. For example , say that you or a friend were looking for a job, what if neither of you can find a job because all of the once-were available jobs

Read More
850 Words | 4 Pages

The restaurant owners may be forced to fire some employees to maintain profits. This will drastically affect the unemployment rate. There might be more people on the streets starving than there were before the bill. This bill may lead to more poverty, higher crime rate, increased number of homeless people, and bankruptcy. These employees that will get fired won’t be earning $15 per hour when they don’t have a job.

Read More
598 Words | 3 Pages

This would make it where people wouldn 't have to live paycheck to paycheck. Raising the wage slightly would also make it so the price of goods wouldn 't have to be raised. The Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. This raise increase would be easy to implement and would help the economy. By implementing this new minimum wage many problems in America can be solved.

Read More
1483 Words | 6 Pages

Democratic presidential candidates Bernie Sanders and Hilary Clinton have both embraced a 15 dollar minimum wage hike and interestingly enough, in a recent interview Donald Trump said that he cannot believe how “anyone could live with 7.25 an hour” and believes the states should take it upon themselves to increase the wage locally. It would be truly remarkable if one individual could live in Los Angeles (or Long Beach for that matter) with the current minimum wage of 10 dollars without having to share living expenses with others in the same household, or working multiple jobs. Nevertheless, with current economic conditions around the world it is hard for California and the United States to compete in low wage paying jobs that do not require much skills. In light of this fact I feel that the purpose of the minimum wage (which was established back in the great depression and had the goal of creating a minimum standard of living where all workers health and wellbeing was protected) should change to meet the demands and reality of our changing economic environment. Instead of being a labor price that psychologically gives individuals the liberty to buy a house, car, and some leisure, as many families think (especially as they mistakenly reflect back on the 1950’s) it should reflect the condition of the economy as a whole,

Read More
1512 Words | 7 Pages

Is it a dream to make more of a minimum hourly wage? Or is it considered a nightmare? California legislators and Governor Jerry Brown have decided to increase the minimum wage by fifteen dollars by the year of 2022. With an increase in the minimum wage, residents of California are worried that they would lose more than they will actually receive. The people of California are actually making good points as to why the minimum wage of fifteen dollars should not be instated.

Read More
486 Words | 2 Pages

For every action there is an equal and opposite reaction. Teens in the job market a very competitive environment and increase in the minimum wage would only make things worse. The issue boils down to a law of physics that also applies to economics. If the government mandates that business must pay a higher wage. The additional cost will have to be offset somehow.

Read More
670 Words | 3 Pages

One of the greatest effects of a $15 an hour minimum wage would be its impact on

Read More
626 Words | 3 Pages

In recent years, minimum wage is a heavily debated topic. The last minimum wage increase occurred in 2009, rising from $6.55 to $7.25 (webapps.dol.gov). A common number thrown around that seems to work the best for everyone is $10.10. If minimum wage was to increase, it would spur job growth, lower unemployment rates, reduce government spending, and lessen poverty bringing many Americans into the middle class. The rise of minimum wage is long awaited and needed in the quick acceleration of the economy.

Read More
1108 Words | 5 Pages

Just simply raising the minimum wage is like what Germany did after World War I. To pay off their debt they just printed off a bunch of money, but what they did not realize is that the value of their money dropped. Just raising the minimum wage is not going to magically help the United States economy. Raising the minimum wage also decreases employees work ethic and the use of incentives ("Seattle Wins 'Fight for $15,' but Low-Skill Workers Lose." A.7). If the minimum wage is raised then many companies will no longer be able to use a raise to promote their work ethic because they will no longer be able to afford the raise.

Read More
1153 Words | 5 Pages

Because taking into account negative employment effects and increases in consumer prices induced by the minimum wage would wipe out any positive direct effects on household affected by the minimum wage. The minimum wage becomes even less effective in reducing income inequality when negative employment effects are taken into account. I will address the negative effects in sociological aspects by the

Read More

More about Pros And Cons Of Minimum Wage

Related Topics

Open Document