ipl-logo

Raising Minimum Wage Debate

660 Words3 Pages

The topic of our debate is “The federal should raise minimum wage”. I am going to define the following terms: minimum wage- lowest legal wage that can be paid to most workers ($7.25). I the affirmative team believe the statements are true, our following contention will uphold my point: • Living Standard • Economy Contention 1: Living Standard Raising minimum wage will help many people that are in “living wage”. Living wage enables workers that can’t support their life and their families with a low amount of payment they get. Nearly 8 million Americans go to work every day yet still live the poverty line. A 2013 report from the Congressional Budget Office estimated that 16.5 million low-wage workers would benefit from a $10.10- per hour wage, …show more content…

In the event that the lowest pay permitted by law is raised then low maintenance laborers, generally young people, would have all the more burning through cash and would along these lines help the economy. Expansion has consistently been on the ascent too since the last increment and with the late assessment climbs, it is important to build the lowest pay permitted by law. Additional pay in the pockets of somewhere in the range of 16.5 million specialists could stream down to retailers and give a support to the economy. This isn 't to say low-wage specialists wouldn 't spare some of their additional pay, yet given the poor funds rate of laborers in the U.S., we should simply say I wouldn 't be amazed to see utilization ascend, with vast distribution center retailers like Wal-Mart profiting bigly. According to CNBC news, Christian Weller, a senior fellow at the Center for American Progress said, “the U.S economy will benefit from the raise of wage. ‘One great positive is greater buying power’.” When the bottom line is that the U.S. economy is growing at a fairly well-rounded pace, corporate and stock profit are at all-time highs, and yet millions of Americans still can 't afford things like health insurance, there 's a problem with wages. Raising the lowest pay permitted by law implies the lowest pay permitted by law specialists have more cash to consume which implies more cash swells all through the economy as the lowest pay permitted by law workers can spend

Show More
Related
255 Words | 2 Pages

In the article “A $15-Hour Minimum Wage Could Harm America’s Poorest Workers”, Harry J. Holzer outlines the effects of a fifteen dollar federal minimum wage. He interprets statistical data from different credible analyses and thoroughly explains the meaning of each. The author also does a great job informing us the results from past federal minimum wage increases. He recognizes that jobs will inescapably be lost; therefore, many people will be unemployed. While some citizens believe that a $15 raise will help the economy, the author comprehends the negative consequences of any federal minimum wage increase on the economy.

Read More
896 Words | 4 Pages

Legislators often think that putting more money in the pockets of the poor is likely to help their families. However, legislation will not rescind the laws of economics. According to research, mandated hikes in wages imposes real costs of economics and these costs are principally borne by the very individual legislators are trying to help. However, it leads to an unfortunate attempt to increase minimum wages as it depends mostly on emotion rather than economic reality. Cohorts mostly depict the typical minimum wage earner as a solo parent who is struggling to place food on the table.

Read More
1839 Words | 8 Pages

With the data provided, it is recognized that 41 million workers, almost 30 percent of the United States workforce, would be economically uplifted by the raise of a $15 minimum wage until 2024. Also, like mentioned previously, many minorities will gain many opportunities that have been denied from them since 1979, for unfair reasons. This will then minimize the gap between the lowest paid workers and the middle class. With the raise set to $15, it will “be particularly significant for workers of color” (EPI 2). It is also predicted that about forty percent of African Americans and thirty-four percent of Latinos will benefit from this raise.

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
543 Words | 3 Pages

One article that researches job trends from 1938 to 2016 states, “Of the nearly two dozen federal minimum-wage hikes since 1938, total year-over-year employment actually increased 68% of the time” ( “Hanauer”). As our country has progressed, it has shown to decrease in the amount of unemployed citizens. Firms and workers need each other to be

Read More
733 Words | 3 Pages

A minimum wage increase from “$7.25 to $10.10 would result in a loss of 500,000 jobs”. ("The Effects of Minimum-Wage Increase on Employment and Family Income”) This claim is better because it shows how raising the minimum wage will decrease job growth instead of increasing it. But, the minimum wage should be increased because increasing will also increase economic activity and spur job growth, decrease poverty, and improvements in productivity and economic growth have outpaced increases in the minimum

Read More
2146 Words | 9 Pages

Most opponents of a consistent minimum wage claim that a higher minimum wage will boost the purchasing power of the poor population and thus benefit the economy. For example, Danziger Leif, a professor of economics at Yale University, claims that,“ For example, when Tommy is talking to the coach, the editors cut to a shot that shows the reaction of the opposing team. Before the fight began, there weren’t so many cuts; however, when the fight kicked off, there were suddenly a tons of cuts shortly after each other.” (Leif 3). In other words, if the government raises the minimum wage from $7.25 to $8, the amount of people that have an income below the poverty line would decrease by 2.4%.

Read More
559 Words | 3 Pages

The government raising minimum wage would cause more harm than good. Walter E. Williams wrote an article regarding the issue of raising minimum wage. In Mr. Williams’s article he asks, “Here's my question to supporters of higher minimum wages: How compassionate is it to create legislation that destroys an earning opportunity?” What Mr. Williams is contemplating is by raising the standard minimum wage there creates no opportunity for the worker to increase their pay by hard work, the higher pay is already there. Mr. Williams has a valid

Read More
670 Words | 3 Pages

In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.

Read More
691 Words | 3 Pages

Argumentative Essay Rough Draft Raising the minimum wage to just $9 would benefit about 28 million workers across the country and bring about 300,000 Americans out of the state of poverty. Minimum wage and poverty have been in the front running of U.S. controversial problems recently. Minimum wage was only originally supposed to be for things such as young teens at fast-food restaurants who have not had working experience yet. But today, more and more Americans are suffering, and barely getting by with earning minimum wage. With the cost of living rapidly going up, the minimum wage must be increased to help families support themselves.

Read More
711 Words | 3 Pages

A person working full time at the federal minimum wage of $7.25 per hour earns $15,080 in a year, which is 20% higher than the 2015 federal poverty level of $12,331 for a one-person household under 65 years of age, but 8% below the 2015 federal poverty level of $16,337 for a single-parent family with a child under 18 years of age (procon.org pro#2). If you put the minimum wage at $9.00, people will be able to live comfortably without unemployment rates going up. However, raising the minimum wage

Read More
1020 Words | 5 Pages

J.B Maverick states that “for some unfortunate people it can also cause Job loss and a more competitive job market”. Companies are always looking for ways to save money, and if they are forced to give employees raises it will cause companies to fire employees that aren’t deemed necessary enough for the pay they would be getting. According to the congressional budget office, Some people could be heavily affected by the wage increase and stay unemployed permanently while others might come and go making a higher wage than they use to while they work. Raising the minimum wage will also cause a more competitive job market as people will be trying to get new jobs or are reinspired to get jobs after leaving the

Read More
1651 Words | 7 Pages

Money, it is arguably one of the most important things the modern world. With phrases like “money makes the world go around” it is understandable why people, especially minimum wage workers, are pushing for an increase in salary. With arguments for and against raising the minimum wage its’ often difficult to see the effects that it can have on an economy. On one side there are workers who are trying to raise families on $7.25-the current minimum wage. Many politicians and activists are fighting for increases in wages so that families can better support themselves and escape poverty (Minimum).

Read More
1946 Words | 8 Pages

Minimum wage has always been a controversial issue among policy makers and economists in the United States. Recently, the topic has become an increasingly hot debate whether it should be raised to help the minimum wage earners in America to make ends meet. The Seattle City Council has voted to gradually raise the minimum wage to a nation’s highest at $15 per hour starting from January 1, 2015(www.usatoday.com). While the state of Washington already has the highest minimum wage among other states at $9.32/hour, and the average inflation rate in the United States in the last five years was 11%(www.bls.gov), it is very hard to comprehend why such move was taken by the Seattle City Council to raise the minimum wage by more than 63%. It is believed

Read More
1024 Words | 5 Pages

Evidence of Problem Existence: Most of us can't get by on minimum wage pay and leaves people struggling at home. Chris Isidore stated on a article listed on CNN that "About 20% of American adults who have jobs are earning only $10.65 an hour or less, according to Osterman's analysis. Even at 40 hours a week, that amounts to less than $22,314, the poverty level for a family of

Read More

More about Raising Minimum Wage Debate

Open Document