(Cap Action War Room/ Think Progress 1). Lauren: In addition, “60% of small business owners recognize that their businesses would benefit if we raise the wage.” (Cap Action War Room/ Think Progress 1). “A study by the Center for American Progress found that raising the minimum wage to $10.10 would help 3.5 million Americans get off food stamps.”
Is it ethical to raise the minimum wage when it doesn’t necessarily affect the very poor, the people it’s aimed at helping? The minimum wage is the lowest hourly wage an employer is permitted by law to pay an employee for his work. The current federal minimum wage is set at $7.25 an hour. Across the country, there is an overwhelming push in favor of raising wages for our poorest workers. In January 2016 the minimum wage in California was raised to $10 an hour.
Evelyn and Luis have a family of 3 children. Luis works for minimum wage as a mechanic Evelyn works as a nurse. The money they make goes for cable , the water bill and rent. They would like to have a lot money but are unable to. President Obama wants to increase the amount of money people are paid from $ 7.25 to $ 10.10 .
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.
Do you think Target should raise the minimum wage to $15? I think Target should go ahead with this idea because homes nowadays are very expensive to live in and people need to at least somewhere they can go home to do what your body needs on a regular basis. Many people that are working little jobs like this have to work at least two jobs to not struggle. In an article by Anne D’innocenzio she said “Thousands of workers have protested to call attention to their financial struggles and fight for $15 an hour”. This would help many people to stick with one job so for those single parents that work two jobs they would only have to work one job and not stress about being in their child’s life.
Compare to the charts depending of the cost of living there are some changes that can take place and raising the minimum wage stats whereas living can be better for society and Americans. Minimum wage is an issue still today and is debated word wide with eclectic audiences. Minimum wage will always be looked at s priority and poverty with low income and housing as a minority family. When the day has set and the family is around the dinner table for dinner then the issue of minimum wage comes up in the conversation, how can the family do better, what can we do to be middle class if not top class where the millionaires lives and the status of a millionaire. Not sure how a millionaire lives but comparing to the stats society is way off to another side of the map.
Imagine this… A single mother with 2 kids works endless hours to support her kids. She’s working everyday day and night only making $7.70 an hour. It's hard to support a family of three and work day and night. They’re barely sliding by with the bills and the groceries.
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.
Minimum wage is the least amount of money per hour that employers are required to pay according to the law. The minimum wage is set to be the standard of living. Due to inflation, $7.25 an hour has become less than the minimum necessary, causing many Americans to fall well below the poverty line. The government should raise minimum wage to create more job opportunities, decrease government assistance, and increase the economy overall. The economy will raise as a whole when workers put their money back into the community.
The nation's minimum wage is $7.25 and people are fighting to get a higher pay so one can live without the stress of living day to day. Many people could be benefited if the wage to $15. “The law, which would raise the minimum wage to $15 an hour by 2020, affects hundreds of thousands of workers and makes Los Angeles the largest city in the country to mandate higher pay for workers at the bottom of the income ladder. Backers predicted the action here could reverberate across the nation, ultimately aiding millions of Americans.”
I believe that the current minimum wage of $7.25 an hour for the past 7 years with no increase has had a negative effect on the workers in the fast food
How has minimum wage affected the economy of the United States since its creation? Would raising the minimum wage to $15 per hour help our economy? The total U.S. labor force was roughly 158.7 million. About 47%, or 75.3 million workers, were paid an hourly wage. Of all hourly workers about 4.7%, or 3.54 million, earned a wage equal to or below the minimum wage.
Women and ethnic minorities make up the largest group earning less than a $15 wage. According to NELP, Women workers make up about 54.7 percent of minimum wage workers. African Americans represent nearly 12 percent of the aggregate workforce, accounting for about 15 percent of the under-$15-wage workforce. Also, Latinos make up 16.5 percent of the workforce, however represent very nearly 23 percent of workers making under $15 an hour. With the workforce so disproportionally represented, these workers with the lowest paying job will greatly benefit from the change.
Introduction More numbers of state are joining to take action to raise the minimum wage to $15 per hour in a few years even though there is a high disputing controversial all over the nation. The federal has set the minimum wage level to $7.25 on Jan. 1, 2015. In less than a year the index number of the minimum wage is going up automatically with cost of living. And eventually it will be likely to increase year by year with automatic and expectation index.
There are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.
