ipl-logo

Raising The Minimum Wage Essay

526 Words3 Pages

Poverty and food insecurity offer large barriers to American advancement. The US poverty guideline, which measures the amount of money needed to buy the most basic of human needs, is a yearly income of 24,250 for a family of four. However, the federal minimum wage, at 7.25 an hour, offers a full time worker only 15,080 per year before taxes, which is not even enough to keep a family of two above the poverty line. To protect we the people’s life, liberty, and pursuit of happiness, the Constitution should be amended to ensure the minimum wage offers a full time worker the consistent ability to keep a family of four above the poverty line. Raising the minimum wage has been shown to have little to no effect on general prices , and morally the United States needs to ensure their citizens are provided for, specifically in their wages. In order to ensure that large companies follow through and honor the minimum requirements across all states and areas of the United States, especially as the minimum wage is adjusted for inflation, an amendment to the Constitution is …show more content…

However, in Seattle, where the minimum wage in in the process of being raised to $15 and currently sits at $13, there is no noticeable increase in prices. Most small business owners actually support a raise of the minimum wage. In addition, a raise in minimum wage would have no measurable effect on employment rates. Raising the minimum wage would spark a huge change in large amounts of workers. There is actually a possibility of businesses saving money with a minimum wage increase due to a decrease in worker turnover. Wages of up to 35 million workers could be raised through a small minimum wage increase. A raise to meet the federal poverty line would only increase the minimum wage to about 11.66, much lower than some states have proposed or already raised their minimum wages

Show More
Related
1423 Words | 6 Pages

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."

Read More
733 Words | 3 Pages

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.

Read More
495 Words | 2 Pages

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.

Read More
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
679 Words | 3 Pages

To begin with, the federal minimum wage should be raised because it would increase jobs and economic activity. Economists from the Federal Reserve Bank of Chicago believe that raising the minimum wage to $9 an hour would increase household spending by 48 million dollars. Increasing the amount of household spending would help the economy by injecting more money in the economy. In addition raising the minimum wage to $10.10 an hour would create 85,000 more jobs for the United States. Creating new jobs would help the economy because people would have more money to spend which would increase the economy.

Read More
721 Words | 3 Pages

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.

Read More
1531 Words | 7 Pages

Higher wages attract more employees and reduces turnover, which results in company’s saving money. In addition to assisting employees to live above the poverty line, a minimum wage increase would benefit owners. A higher minimum wage would benefit people across the board, it should stop being politicized so

Read More
1258 Words | 6 Pages

In fact: “Parents with two children working full time at the federal minimum wage of $7.25 an hour currently earn $4,700 below the poverty level.” (Olivia 1) Some family is a little better than that, they can feed their family, but it’s because that the children also going to work to help the family. No education, it will affect their future, but raising the worker’s wage will help, even just a little bit. Raising the wages can help these children to go to school, they might success in their life and they will benefit the country in the

Read More
999 Words | 4 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.

Read More
618 Words | 3 Pages

It has been nearly 14 years since the last increase in the federal minimum wage. To begin with, raising the minimum wage to match inflation and productivity would benefit the economy by increasing consumer activity and stimulating job growth while lowering the federal deficit. A journalist summarizes, “The federal

Read More
926 Words | 4 Pages

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.

Read More
1637 Words | 7 Pages

Minimum Wage Raising minimum wage would affect the world all around but not so much as the people wanting it would like. It would mess up all of the economy; to prices going up, insurances, employment rate, and how many people per job site. Minimum wage has been a thing since 1938. It all started with the Great Depression in 1938. It started at twenty-two cents an hour.

Read More
466 Words | 2 Pages

Raising the minimum wage

Read More
571 Words | 3 Pages

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).

Read More
1391 Words | 6 Pages

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.

Read More

More about Raising The Minimum Wage Essay

Related Topics

Open Document