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Raising Minimum Wage Essay

917 Words4 Pages

"Raising the minimum wage will benefit about 28 million workers across the country. And it will help businesses, too. Raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities."-President Obama
The minimum wage must be raised in light of the fact that the typical cost for basic items has gone up extensively. Training is fundamental if one wish to work, and the expense of education has expanded definitely in the previous a quarter century. Companies ought to be required to pay employees what they deserve, and that is more than the minimum wages is presently. With our new innovation and the innovation later on work is harder and more confounded. A minimum wages expand would raise the wages of numerous …show more content…

In 2013 one million single parents with kids under 18 would have profited from a minimum wages increment to $10.15. Single parents are 10% of workers influenced by an increment yet they make up just 5.7 of the general work power. Over two millions married men and women with children under age 18 would likewise profit by an increment. Adults make up the biggest offer of laborers who might profit by a lowest minimum wages increases. Adults in there twenties will make up around sixty-eight percent of the workforce influenced by a minimum wage increment to $10.15 by 2015. Near portion of the workers who might profit by a minimum wage increase expand work 40 hours per week and another third job somewhere around twenty and thirty four hours a week. The minimum wage should be increase for families to make due in our general public today. He also introduced about the Raise the wage Act, in April 2015, Sen. Patty Murray (D-Wash.) and Rep. Robert "Bobby" Scott (D-Va.) presented the Raise the Wage Act of 2015, a bill that would help to increase a minimum wage to $12

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The American Action Forum believes that raising the minimum wage can do more harm than good and hurt the people it’s supposed to help. Job loss in the millions would happen if the wage was raised from $7.25 to $15. People in poverty before the increase would have trouble finding jobs because companies would have to have less positions to counter the wage raise. Komlos, John. " Column: Why Raising the Minimum Wage Is Good Economics."

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The federal minimum wage should be increased because it would decrease poverty rates, stimulate the economy, and inflation has surpassed current wages. A raise in the federal minimum wage would help pull millions of Americans out of poverty. Currently, there are over forty-three million Americans who live beneath the poverty line (“Should We Raise”). Of those in poverty, many are trying to support themselves, as well as their families, while living off of a minimum wage job.

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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.

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Desiree Ripoll Professor Heuer ENC 1102 5/30/2017 Increasing the Minimum Wage is Good for America Raising the minimum wage is not only beneficial to those who are struggling financially, America’s economy would benefit from this as well. Doug Hall and David Cooper express how increasing the minimum wage would be a tool for modest job creation in the article “Raising the Minimum Wage Would Help Lower-Income Workers”. In the article “Is a $15 minimum wage economically feasible?” Jeannette Wick-Lims discusses how raising the minimum wage is good for the economy if we adapt to the changes accordingly.

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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.”

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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.

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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.

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While a minimum wage hike would benefit millions of workers with higher earnings, it would also hurt millions of others who would lose earnings because they cannot attain or retain a job (Holtz-Eakin and Gitis). Higher federal minimum wage increases the cost to employers of producing good and services. Employers consequently produce fewer goods and services, so they hire fewer workers. A federal minimum wage increase raises the cost of low-wage workers relative to other inputs that employers use to produce goods and services, such as machines, technology, and more productive higher-wage workers (Congressional Budget Office). Estimates show that raising the federal minimum wage to $12 per hour by 2020 would affect 38.3 million low-wage workers and that raising the federal minimum wage would cost 3.8 million low-wage jobs (Holtz-Eakin and Gitis).

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In 2013, 3.3 million Americans worked at an hourly rate at or below the federal minimum of $7.25 (Undisputed Facts 3). Hourly workers take on the difficult and dreaded work that no one else wants to endure, and in return, receive the bare minimum. Minimum wage workers deserve more, but instead they find themselves dealing with the hardships placed upon their families and themselves because of a lack of companion from the federal government. This is a serious problem that needs to be rectified, not only in the United States, but around the world. The national minimum wage should be raised to achieve alignment with the rising cost of living, reduce poverty, and create more jobs.

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There has been a growing controversy surrounding the federal minimum wage and whether it should be raised to $15 dollars an hour or not. Many American minimum-wage working citizens support the notion that the federal minimum wage of $7.25 per hour should be raised to $15.00 per hour, based on the fact that a job which pays $7.25 an hour will not provide the funds necessary to support themselves or their families. While a pay-raise may seem to be the solution to their problem, raising the federal minimum wage would do more harm than good. The federal minimum wage should not be raised to $15.00 an hour because it is not economically feasible, and would hurt small businesses.

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In 1970, the minimum wage was only $1.60, but this fit along with the price of the economy. Now, there is talk about raising the minimum wage to a whopping $15.00 an hour. While many Americans believe this to be an insane amount, others believe it is accurate and will help the United States in a way different than anything else. Raising the minimum wage amount will increase the quality of life, strengthen the economy, and change the poverty percentage. The minimum wage was established in 1938 as part of the Fair Labor Standards Act (FLSA).

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The lack of change for 15 years for the federal minimum wage is a major issue in today's economy. Despite the fact that some states have taken measures to raise the minimum wage. However, several states remain with the same minimum wage and millions of hardworking Americans are still unable to handle the rising cost of living. The unwillingness to raise the minimum wage to reflect inflation and growing living costs has resulted in significant economic inequality, putting many low-income workers at a disadvantage. The minimum wage should not be raised based solely on hourly reductions; it is to ensure that every worker receives a livable wage.

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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).

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