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Raising The Minimum Wage Essay

999 Words4 Pages

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. Either way, both sides are passionate about this matter leaving congress in a tough spot to make a decision that will anger a lot of people regardless. Raising the minimum wage would be an amazing feat that benefits society as a whole. One might ask why, well because …show more content…

Yes we would have to spend money to increase the minimum wage but you could look at is as a long term investment because the payoff will be worth in the end. The government puts a lot of money towards the funding of public assistance programs but if less people were enrolled into these programs because they could afford to buy food then that funding could go elsewhere. The government doesn’t want people to live off the system but some have no other choice because their living situation is so bad that whatever help they can get is much needed in their household. If most people were able to make more money, then all of this stuff can be avoided in the first place if the government is willing to put the time and effort to pass a law regarding the minimum wage. And they also have to understand that many people don’t like getting help from the government because they’re ashamed and it’s a thing of pride for a man to work hard in order to support his wife and children. Some people don’t want things to be handed out to them and they would much rather work for them instead. Buf if they’re making $7.25 an hour, that’s kind of impossible because they wouldn’t be able to pay their rent without going

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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).

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The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.

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A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.

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Some think that we should raise the minimum wage, but others think that we should keep it just how it is. If I had to choose one side I would choose the side that says we should keep it as it is. I would keep the minimum wage just how it is because it would make it harder for people to create businesses if we raise it. Also, for job seekers it would be difficult to find a job that is available. Also because the economy is slacking businesses can’t raise prices for items they sell.

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The law permits that employers are required to pay their workers an established minimal amount for their work known as minimum wage. In the United States there are many individuals struggling to live due to only being paid the minimum wage. Many families consists of working parents but they are paid minimum wage from their employers struggling to live comfortably due to such a low pay wage. The controversy of raising minimum wage has been an ongoing topic throughout the years with many different point of views upon the issue.

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Many Americans believe that it is the answer to the problem of rising living cost and inflation, but it might not be. Raising the minimum wage displays a positive outcome in the short term, but an atrocious outcome in the long term affects. According to a recent survey of economist, conducted by University of Chicago many economists believe that it would be “noticeably harder for poor workers to find jobs”. This is believed due to the high cost imposed on businesses to meet the floor level of $15.00 an hour for labor therefore, higher prices for labor means for a lower need. A similar reason as to why the raise of the minimum wage would produce negative outcomes is due to the ever growing field of technology.

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