ipl-logo

Raise The Minimum Wage Essay

817 Words4 Pages

Don’t Raise the Minimum Wage:

If we were to raise the federal minimum wage we would experience an assortment of problems afterward. We would see obstacles such as people staying at the minimum for the rest of their lives, elimination of the amount of jobs that are at minimum wage, and it could have a slight economic inflation on business’s products. Imagine if you come home after work, heavy knowing you had to tell your family that you were laid off. You were all excited because there was going to be a higher wage, but in order to pay for all the other workers they had to cut from yours. With a higher minimum wage this could be a familiar occurrence. What will happen in ten years when people decide that we need to raise the wage again? We will need to yet again meet these same problems, where are we supposed to draw the line. We must decide now that we should keep the minimum wage where it is currently so we won’t need to deal with any new problems.
Raising the minimum wage would give people the idea that they can allow themselves to stay there for the rest of their lives. If the minimum wage was to increase, people would get a more supportive budget then would feel as though they could continue to support themselves. We should always think of ways to …show more content…

I too believe that this would contribute to less jobs at the minimum wage level. A business must somehow have the money to support a higher income. One of the only ways to do this is through laying off workers. When a business has a larger number of workers the amount of money that the workers are paid is less because you have the same amount of money to give either way. This just depends on where and how much you spend it. At least at this point in time more people are getting some money, if we were to raise the minimum wage less people would have a higher amount of income. Isn’t it better to have some money than to be laid off and not get

Show More
Related
1094 Words | 5 Pages

First, one main reason that the minimum wage should be raised is because the economy will prosper. “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” (ProCon). This quote shows that the economy will flourish from the increase of the minimum wage and that unemployment will decrease. Another quote that shows how raising the minimum wage will affect employment is “To the extent that through these contour effects it affords as much as 70 percent of the workforce greater purchasing power, it effectively increases aggregate demand for goods and services, which should ultimately lead to the creation of more jobs” (Challenger 19). Bryan Covert supports raising the minimum wage by

Read More
993 Words | 4 Pages

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”).

Read More
850 Words | 4 Pages

An analysis of the new bill to increase the minimum wage to $15 reveals several challenges employees, employers, and the state are facing: Higher cost of living, unemployment, and bankruptcy. Employers will have to raise prices of the products to increase the sales and profits. The state will have a higher cost of living than it had before. Unemployment will increase resulting in more dependency on the government. Many business owners may have to declare bankruptcy so they won't lose more money.

Read More
605 Words | 3 Pages

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.

Read More
566 Words | 3 Pages

Americans below the poverty line are demanding for increased pay in their minimum wage jobs. Although with the increase to fifteen dollars an hour, many Americans would be left jobless pushing them farther under the poverty line increasing the wage by over half would harm the country’s economy more than improve it. Minimum wage workers want higher wages for the work they provide, but inflation, unemployment, and businesses closing will only cause more issues for Americans. The disadvantage to raising the pay for minimum wage workers is inflation.

Read More
1531 Words | 7 Pages

The problem with all of this information available about increasing minimum wage is that they have a flimsy foundation; the intent is good but the methods and results are untrustworthy. If the United States were to raise the national minimum wage to a livable wage, it would have to be a slow incline and not all at once. There seems

Read More
999 Words | 4 Pages

As a country, we’re facing an epidemic where finding steady employment is hard and the cost of living is high. This has caused many people to work a minimum wage job and struggle with paying rent and etc. A solution proposed to solve this problem would be to raise the minimum wage to something that a person could survive off of. However, this controversy has caused a debate between people who are split on the issue. There are people who are for it and people who are against it.

Read More
926 Words | 4 Pages

Many Americans view increasing minimum wage as an issue for countless reasons. Some politicians and businesspersons argue that raising the minimum wage will slow economic growth and cause inflations. With an increase in

Read More
1637 Words | 7 Pages

Minimum Wage Raising minimum wage would affect the world all around but not so much as the people wanting it would like. It would mess up all of the economy; to prices going up, insurances, employment rate, and how many people per job site. Minimum wage has been a thing since 1938. It all started with the Great Depression in 1938. It started at twenty-two cents an hour.

Read More
571 Words | 3 Pages

Living paycheck to paycheck is not fun. With the minimum wage increasing each year, people would be able to save money or plan trips or shop more often than not.

Read More
1081 Words | 5 Pages

Raising minimum wage is an inadequate decision based on possible ramifications that could occur. Minimum wage workers as well as teens beginning to enter the work field are directly affected by this decision. What people may not notice is these low- income occupations are not meant to be lifelong employers. They are meant to be more of a starting point in the work field. Many jobs today can potentially result in mental and physical stress placed on an individual.

Read More
711 Words | 3 Pages

As of January 1st, 2018, eighteen American states increased the minimum wage because the national minimum hasn’t been adjusted for inflation in years. The current federal minimum wage is $7.25 which is worth twenty-five percent less than it was worth in 1968. This has far-reaching effects, whether it be on the economy or poverty levels. Raising the minimum wage wouldn’t just improve these metrics, it would also create income equality for gender and racial income gaps. It is simply is in the United States’ best interest to raise the minimum wage so that our country can thrive.

Read More
633 Words | 3 Pages

Living on a $15,000 salary is not cutting it for what families need in America. Proponents of the pay raise argue that paying low class workers more money would result in that money being spent, spurring economic activity and growth (“Federal Minimum”). While some supporters argue raising the minimum wage to $15.00 an hour, just raising it to $10.10 would give Americans more equality compared to other workers in the United States (“Federal Minimum”). Opposers say that requiring businesses to raise the minimum wage would force layoffs and prevent employers from hiring more workers because small businesses can not afford it. They also say a raise would encourage employers to substitute skilled workers for their least-skilled employees especially since most minimum wage workers are not primary earners but rather high school students or the secondary income of a household (Levin-Waldman 60).

Read More
681 Words | 3 Pages

Raising the minimum wage will cause many people to lose their jobs, prices to escalate, and may force other professions to raise their pay. However, if nothing is done, many people will continue to struggle day-to-day, check-to-check. While raising the minimum wage has a lot of problems, I believe there is one way everyone can be happy. Boost the economy. By boosting the economy money goes back into the country and in turn, lower the cost of living.

Read More
793 Words | 4 Pages

Many Americans believe that it is the answer to the problem of rising living cost and inflation, but it might not be. Raising the minimum wage displays a positive outcome in the short term, but an atrocious outcome in the long term affects. According to a recent survey of economist, conducted by University of Chicago many economists believe that it would be “noticeably harder for poor workers to find jobs”. This is believed due to the high cost imposed on businesses to meet the floor level of $15.00 an hour for labor therefore, higher prices for labor means for a lower need. A similar reason as to why the raise of the minimum wage would produce negative outcomes is due to the ever growing field of technology.

Read More

More about Raise The Minimum Wage Essay

Related Topics

Open Document