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Raising Minimum Wage Persuasive Essay

787 Words4 Pages

In 2014 3.3 million people worked an hourly minimum wage job in the United States alone. This means about 9,900,000 people would have worked a minimum wage job in the past three years in the United States. Minimum wage affects almost everyone and should not be raised because people are to lazy to get a career. Minimum wage should also not be changed because of inflation, jobs, and unemployment.
The first problem with raising minimum wage is inflation. Inflation is when prices rise because of the minimum wage rising. Setting the minimum wage to $15 an hour, which is what most people are wanting, businesses payroll would go up a lot. Taxes would go up if minimum wage went up because the government would need more money to pay for other jobs. …show more content…

People who have a jobs that hard and boring will quit their jobs to work an easier job such as an order taker at McDonalds. When the minimum wage increases employers tended to wire workers who had earned higher wages in the past (Scheiber B1). Leaving those who truly want minimum wage to be higher jobless. People started quitting their jobs for easier yet high paying jobs when California raised the minimum wage (Shrek). Just over half of all workers paid at or below minimum wage are in the fast food industry fields (Pran). We are told as little kids go to school so you do not have to work a fast food job when you are older. People who are grown and did not try for a good career do not deserve this much money. If we give it to them then they will lose their jobs to those who did get a good career. Berkeley and Alan Kruger of Princeton University changed minimum wage for fast food restaurants in Atlantic states and found it increases employment, but this could be a degree of “monopsony” (lower prices for more customers but end up bankrupt) a classic type of market failure (Morrison). This means they had to pay their customers so much and tried to keep their prices low but went out of

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First, one main reason that the minimum wage should be raised is because the economy will prosper. “Economic Policy Institute stated that a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period” (ProCon). This quote shows that the economy will flourish from the increase of the minimum wage and that unemployment will decrease. Another quote that shows how raising the minimum wage will affect employment is “To the extent that through these contour effects it affords as much as 70 percent of the workforce greater purchasing power, it effectively increases aggregate demand for goods and services, which should ultimately lead to the creation of more jobs” (Challenger 19). Bryan Covert supports raising the minimum wage by

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The article from Landlordology states, " Raising the minimum wage causes a temporary spike in spending power and brings disadvantages to minimum wage workers and businesses. Raising the minimum wage also creates more jobs for more skilled workers, disadvantaged teenagers and those with less education and experience. Many argue that an increase in minimum wage will help guide low skilled workers out of poverty. That is not necessarily true, Many economists can agree that minimum wage jobs such as cashiers or a hostess are not jobs that are meant to support a family. If anything, by raising the minimum wage, it will put more people in poverty than guide them out of poverty.

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As the workers earn more money, the product they provide increases in worth. Large companies such as McDonald’s and Walmart charge more money for the products consumers buy due to the increase in labor cost (Hawkins). The consumers will have more money from their minimum wage jobs, but products they wish to purchase will cost more leaving the workers at the same place they started. Due to The United States’ supply and demand economy by raising the minimum wage the dollar will decrease in value. Large corporations will not cut their company’s profit or their own paychecks to pay employees more.

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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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The minimum wage will affect lots of people, it will make live easier for people and it will boost the economy. For the people who are in the zone of a raise in pay because they are working minimum or some where around their. The minimum is probably never going to be able to stay at one point for ever. Statistics show that most of the states are projected to have and increase on the minimum wage by at least 2018( United states minimum wage increase).

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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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I think that they should not raise minimum wage. Because it can have an effect on the economy. Some say that extra money in worker paychecks would provide a real boost to economy.obama is pushing congress to increase the federal minimum from 7.25.polls show quarters of americans favor a higher minimum wage. Business owners say rasing the minumum wage also upward pressure on other wages. Increasing the minimum wage can have a harmful effects on the econmy.

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Raising the minimum wage will cause many people to lose their jobs, prices to escalate, and may force other professions to raise their pay. However, if nothing is done, many people will continue to struggle day-to-day, check-to-check. While raising the minimum wage has a lot of problems, I believe there is one way everyone can be happy. Boost the economy. By boosting the economy money goes back into the country and in turn, lower the cost of living.

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