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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

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