ipl-logo

Raising Minimum Wage Essay

466 Words2 Pages

Living off of the minimum wage is virtually impossible even though it is the national guideline of a wage you can live off of. According to Dr. Amy K. Glasmeier and the Massachusetts Institute of Technology’s living wage calculator the amount of money one adult should make in order to support them self in the boise area is at least $10.34 an hour. But would raising that minimum wage mean eliminate job opportunities?

Raising minimum wage to $15 an hour is nearly doubling the current minimum wage and could bring unemployment “If a particular McDonald’s employee earns the company $10 an hour, but the law forces McDonald’s to pay him $15 an hour, the employee won’t get any richer, but he will get fired.”( Tyler O’Neil) Raising the minimum wage …show more content…

So is it worth raising the minimum wage to $10 or even $9 so that we could bring so many more people out of poverty or is it too much of a risk for the smaller businesses?

Increasing the national minimum wage would also raise the prices of consumer goods. In order for businesses to make enough revenue to stay in business while paying their employees $15 an hour they would need to significantly raise the prices on things we purchase every day. This could mean buying the store brand detergent instead of the name brand that you have always used.

Raising the minimum wage could also make our society healthier by making more food accessible. If people are getting the proper nutrition they are more likely to exercise. More exercise means better mental health and less smoking. Less smoking and better nutrition means less premature babies and miscarriages. People who make minimum wage are less likely to buy healthy food because it's too expensive and are less likely to seek medical help. “Edward Ehlinger, MD, State Health Commissioner for Minnesota, stated that raising the Minnesota minimum wage from $6.15 an hour to $9.50 by mid-2016 was probably "the biggest public health achievement in the four years I've been health commissioner. If you look at the conditions that impact health,

Show More
Related

The Pros And Cons Of Raising Minimum Wage

1043 Words | 5 Pages

Raise Minimum Wage Raising minimum wage has always had a debate amongst people. There has always been a controversy of doing so has or not, how ever there is always some advantages and disadvantages in such topics as such. According to some studies from 2013, research shows that raising minimum wage could in fact increase job growth and activity. This research was based on the wages of $7.25ph increasing to $10.10ph and if it was done so, it would point 22.1 billion dollars net into economy and produce 85,000 if not more jobs in a period of 3 years. Studies also show that raising minimum wage would reduce poverty, a $10.10 minimum wage could save up to 900,000 people out of poverty (Congressional Budget Office).

Read More

Pros And Cons Of Raising Minimum Wage

1026 Words | 5 Pages

Raising the minimum wage to $10.25 an hour is a touchy subject with virtually all individuals; fortunately, understand both the pro and con arguments is easy. Simply looking at it from an employee’s perspective, an increase is needed; trying to survive on only a 40 hour per week, minimum wage job would be near impossible. This yearly average is 8% below the 2015 federal poverty level for a single-parent family with a child (ProCon. Org). Looking at it from a business perspective, especially small businesses, some believe it could force a number of companies to close, due to the strain of the extra payroll; while driving other companies to lay off workers, cutback on hours, or not hire new employees in the future.

Read More

Should Minimum Wage Be Raised Essay

993 Words | 4 Pages

Admittedly, if wages were to increase, smaller businesses may not be able to afford as many employees. This could result in businesses hiring less people and laying off other. If this happens, then there will be more unemployed Americans who fall beneath the poverty line (“Should the Federal”). However, with an increased minimum wage there would be more people who have a higher income than people who are unemployed. In fact, according to a study by Alan Krueger and David Card, there was “no indication that the rise on minimum wage reduced employment” (“Should the Federal”).

Read More

Should Minimum Wage Be Raised Essay

679 Words | 3 Pages

According to a 2014 Congressional Budget Office report increasing the minimum to $9 would get 300,000 people out of poverty. Economists also believe that raising the minimum wage to $10.10 an hour would get 1 million out of poverty. My final detail is that raising the minimum wage to $9 an hour would get a worker who works full time a yearly salary increase from $15,080 to $18,720 which is enough money to push the person above the poverty line for a family of three. The increase of yearly salary would be enough for a person to support a family of three and if they don’t have to support three people it would give them extra money for food, clothes, housing,

Read More

The Pros And Cons Of Raising Minimum Wage

435 Words | 2 Pages

But the truth is, there are only “4.7% of people in minimum wage jobs rely on it.” (Wilson, Mark; “Negative Effects on Minimum Wage Laws.”; Policy Analysis No. 701; June 21, 2012; Page 3) Since the majority of people with minimum wage jobs are teenagers and very young adults and not of parents trying to support their family, most people do not need the minimum wage job. Not only that, but increasing minimum wage means less jobs and work hours, since businesses would need to make budget cuts so that they aren’t spending a lot of money on employees. Considering the state of the economy, raising minimum wage wouldn’t help much, if at

Read More

Minimum Wage Good Or Bad Essay

636 Words | 3 Pages

Increased Minimum Wage; Good or Bad? The federal minimum wage has been in effect since The Great Depression. Recently, it has become a highly controversial issue. Should it be raised or not?

Read More

Raising Minimum Wage Persuasive Essay

600 Words | 3 Pages

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.”

Read More

Raising Minimum Wage Essay

917 Words | 4 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

Read More

The Pros And Cons Of Raising Minimum Wage

512 Words | 3 Pages

There are statistics that have proven why rising minimum wage to $15.00 an hour will actually cause more issues. As the minimum wage increases, the unemployment rate will increase. Fast food chains such as Taco Bell, McDonalds, and others will always find a way to keep their profit increasing, even if the minimum has gone up. The increase of minimum wage will increase the unemployment rate.

Read More

Persuasive Essay On Minimum Wage

771 Words | 4 Pages

Within the nation, there is a “vast majority of minimum-wage workers [who] do not live in poverty” (source 1). Due to the little number of poor minimum-wage workers, an increase in minimum wage would little benefit poor families. Only about “less than one in five live at or below the poverty line,” which doesn’t draw as much attention. If minimum wage would increase, it would affect not many poor people, and at the same time there would be other changes happening to the minimum-wage workers who aren’t from poor families. Not only does this change impact people, but it also impacts businesses as well.

Read More

Raising Minimum Wage Essay

959 Words | 4 Pages

Raising Minimum Wage in the U.S. Many people working lower end jobs are unable to live a fruitful life due to the low current minimum wage rate in the United States. The current federal minimum wage rate in the United States is $7.25 per hour, which was established in 2009. “The Federal minimum wage of $7.25 per hour is far too low.

Read More

Increased Minimum Wage Essay

754 Words | 4 Pages

Minimum Wage Increase One of the most talked about topics in our country seems to be would an increase in minimum wage benefit positive or negative for many individuals and our economy. The increase in minimum wage is essential that will benefit greatly from unemployment, strengthened education power towards the economy, and spirits of the hardworking individuals who will be fairly rewarded they deserve for their hard work of their jobs. What Americans are looking for in jobs that are available are the ones that provide good wages. And according to Roznik, “much of our unemployment or underemployment is based on the low availability of jobs that do provide a living wage”. (Roznik)

Read More

Increase Minimum Wage Essay

1057 Words | 5 Pages

If we raise the minimum wage jobs will be lost which would lead to a lower overall quality of life for disadvantaged people. (Freeman, 1996) We Do Need a Minimum Wage Although there does need to be some type of minimum wage at the federal level to ensure employees get paid something, it cannot be as high as $15 dollars an hour. If the actual minimum wage (also called the nominal minimum wage) is at or below

Read More

Essay On Raising Minimum Wage

675 Words | 3 Pages

Thomas Perez, a politician and civil rights lawyer in the United States of Secretary of Labor mentions, “Raising the minimum wage isn't just pro-worker; it's pro-economic growth.” Minimum wage law was first passed in 1938 under the reign of President of Franklin D. Roosevelt, where the living wage was set at 0.25 cents per hour. In 2009, the federal government set the minimum wage of $7.25 per hour in the United States, but some states like Washington and Oregon set a higher minimum wage of $9.25 per hour and $9.47 per hour respectively. With the cost of living raising and expenses getting higher day by day, majority people are supporting the increase of minimum wage to satisfy their basic needs. Raising the minimum wage has unintended consequences as it stands as a threat to high school students, who would be tempted to settle for work rather than go to college.

Read More

Increase Minimum Wage Essay

505 Words | 3 Pages

If we raise our minimum wage to fifteen dollars an hour then our workers will be very satisfied. For example, they don’t have to work two or more places because they can get almost the same amount of money from one job. Therefore, our workers will get time to take care of themselves and their families. By taking care of themselves, they will become physically and

Read More

More about Raising Minimum Wage Essay

Related Topics

Open Document