ipl-logo

Raising Minimum Wage Research Paper

741 Words3 Pages

Imagine working in a minimum wage job in California. Imagine working at a minimum wage job and not being able to sustain your family. Minimum Wage job is a common misconception. This is often referred to adolescent or college students working at the part time, so they can pay for their student loans or their personal needs. But reality is another one the people who are work in a minimum wage job are mostly over the age of 35, who are only working so they can support them or their family in many cases. So, raising the minimum wage by 5 dollars is going to end poverty. Though many people argue that by raising it, is just going increase the unemployment rate. While I do acknowledge and take into consideration, this act takes care for those families …show more content…

One in particular, John Schmitt, states “the minimum wage has little or no discernible effect on the employment prospects of low-wage workers. The most likely reason for this outcome is that the cost shock of the minimum wage is small relative to most firms' overall costs and only modest relative to the wages paid to low-wage workers.” Through this, we can understand that is impassable because of the self-existent fact of the workers being pay in such small quantities and not large quantities that causes to diminish the gap between and lower and higher paid employees. Therefore, since there a gap more people are going to have sufficient and equal opportunities as other. Not only does it debunk, but it is more beneficially. As it can increase the unemployment rate by more people earning money it increases the productivity of goods, grossing the worker’s demand for goods which turns into hiring …show more content…

Giving these points, minimum wage should be increase because is going to end poverty by sustaining families and by helping college kids with their loans. This is going to change the lives of people who right now are struggling, are struggling to feed their children, they are struggling with their loans or personal needs. All this can change, poverty should end, and college students will continue pursuing their dreams. So, take action on what you believe is right, and what’s right is being a helping hand in this

Show More
Related
299 Words | 2 Pages

Argument against Minimum Wage Claim:  Raising the minimum wage could lead to bigger problems. Support:  The US would lose 500,000 jobs (Congressional Budget Office report, Economist and public policy experts )  Increased consumer prices, driven by companies offsetting increased labor cost (Econo-mist and public policy experts).  A possibility higher minimum wage would attract more experience workers that would stay in a low paying wage longer, which makes young people and other people with lim-ited work experience not land entry-level jobs (Economist and public policy experts).

Read More
1981 Words | 8 Pages

Increasing minimum wage also has its disadvantages that can seriously affect workers. In several instances, employment has decreased more than the increase in wages and thereby overall earnings are still reduced or remained unchanged. The debate about raising the minimum wage has both pros and cons, generally speaking, one has to outweigh the other. However, with the idea of raising the minimum wage, many people, especially the poor, will gain substantial benefits from that policy, including the ability to improve their living standard,reduce the gap between the poor and the rich, reinforce the equity in the country and improving productivity and economic growth.

Read More
131 Words | 1 Pages

On the bright side, there is greater purchasing power for workers with the revenue going back to businesses they patronize and products or services they avail of or purchase. They may be able to afford more in terms of living expenses and other expenditures

Read More
544 Words | 3 Pages

For my survey project, I chose to talk about whether or not it is a good idea to raise the minimum wage. My goal for my research is to prove that it is a bad idea to raise it. While it is convenient for minimum waged workers to get paid more, it would not be for the rest of us. It would result in everything becoming more expensive. My main focus is on keeping the minimum wage at its current value, nine dollars.

Read More
1741 Words | 7 Pages

In today's society many people work at a minimum wage job with getting paid $9.00 dollars an hour. Every year it seems to increase by $1.00 dollar by 2016 the minimum wage and what the workers will be getting paid will be $10.00 dollars. Which is getting close to someone who sits in an office all day and works for a big corporations or big business. Coming from someone who is a teenager and in high school working at minimum wage is not entirely bad but when they take out taxes and being underage is very unacceptable. What is going on today is in New York Board , many minimum wage workers are demanding that they increase minimum wage to $15.00 dollars an hour instead of 9 because many people in that state are tired of being paid under what

Read More
1106 Words | 5 Pages

People are satisfied working at a “minimum wage” that has no actual purpose. Nobody can actually live off of this wage, and anyone who earns minimum wage needs government assistance anyways. This creates “Working Poor: A term used to describe workers who are employed but still unable to afford the cost of living” (Aliprandini). The Federal Government continues to go into debt, and the working poor are the root of the country's problem. People do not realize that minimum wage was not created for able bodied adults.

Read More
752 Words | 4 Pages

Many people, form state legislators to various interest groups, in the United States are advocating increasing the minimum wage. There are several reasons for this, including the thought of it boosting the economy out of recession. Some other reasons are that it will improve the standard of living, boost consumer buying power, and provide a more stable and productive workforce. While these reasons are good in theory, raising minimum wage can be detrimental to small businesses and the economy.

Read More
1258 Words | 6 Pages

Samuelson and Nordhaus, authors of the book, Economics, once said, “The minimum wage probably raises the income of some low-wage workers at the expense of others who cannot find work.” While a raise in the minimum wage may come with good intentions, the effect could be detrimental to society. A raise in minimum wage is problematic because it would cause a loss of jobs, higher prices for lower quality goods, and less business. Overall, these effects would lead to the poor being even poorer.

Read More
799 Words | 4 Pages

“Anyone who’s tried to pay a heating bill, fill a prescription, or simply buy groceries knows all too well that the current minimum wage does not cut the mustard.” -Sherrod Brown Over the past few years there has been a lot of talk about changing the minimum wage laws. Many believe that by raising the pay to those with minimum wage jobs would help end poverty throughout our country.

Read More
834 Words | 4 Pages

Action War Room/Think Progress, April 4, 2014 gives ten reason for raising the minimum wage such as, it will put money into hard- working Americans, reduce income inequality, get people off of food stamps, save the government, would not cause prices to go up, improve people’s economic security, businesses would also gain, children would be secure, will left people out of poverty, would not hurt job creation, and would help people support themselves instead of relying on the government and hand-outs. In a State of the Union Address January 20, 2016 President Barack Obama express to congress the importance of raising the minimum wage for all hard-working Americans when his said to Congress and I quote “Of, nothing helps families make ends meet like higher wages…and to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.” and since 2013 18 states have already passed laws to increase the minimum wage, helping millions of

Read More
764 Words | 4 Pages

Unfortunately there are some people who believe that this won’t work they have some good points There really is no getting rid of poverty there is just raising the poverty line until soon middle class will be poverty While this is unfortunate it is true Some other good points people against raising the minimum wage is Most places cannot absorb a $15 Minimum wage If we lower it in places then maybe it will take it better Many of the people who work part time are just teannagers looking for some extra money But only 47% of adults have a full time job While only about 58% of adults were working thats still a lot of adults who are working part time How much would raising the minimum wage really help It will help people get out of poverty I’m not asking for a $15 a wage I am asking for a living wage All things considered It’s obvious that While the opposition has some good points the pros outway the

Read More
332 Words | 2 Pages

In The U.S. minimum wage is $7.25 an hour which gives you fifteen thousand dollars a year, twenty five thousand dollars less then what you need to live a comfortable life. In this essay we will talk about how The U.S. should raise the minimum wage so that way we as Americans be able to live a comfortable life. In The U.S. you

Read More
1082 Words | 5 Pages

Definition Essay Did you know that about nearly 20.6 million people (or 30% of all hourly, non-self-employed workers 18 and older) are “near minimum wage workers”? (Desilver). Also, the restaurant and fast food businesses are the single biggest employers of near minimum wage workers. (Desilver)

Read More
1427 Words | 6 Pages

Today 's society has various standpoints when looking at this very contentious topic in the US: Minimum wage. To illustrate, imagine coming home every day to your family and not being able to you or your family to have dinner as you didn’t make enough money during work. Imagine having to share a small cramped apartment with a family of 4 to save a few pennies for necessities such as food, water, and medical care. Indeed, these are the conditions these families living on minimum wage are experiencing. You may ask, who doesn’t want the minimum wage to increase; the more, the better right?

Read More
555 Words | 3 Pages

Raising minimum wage for those in poverty would be the wrong approach to this conflict. Around half of workers that earn minimum wage are under the age of 25, so with nearly all cases of minimum wage earners, they are not the primary source of income, they are not supporting themselves or families completely. Although few of those that are earning minimum wage are not currently supporting themselves, they are still at a higher yearly income than the poverty line. Only about four percent of these are single parents. For those in poverty that need to support themselves and family are typically unaffected, therefor they will be unaffected by this

Read More

More about Raising Minimum Wage Research Paper

Open Document