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Raising The Minimum Wage Essay

1017 Words5 Pages

The United States has struggled economically off and on since the early years of our nation. Our most recent downhill economic spill was in 2008 when the housing market crashed and people were left unemployed and hopeless. understanding the minimum wage first is key to making a decision. If the nation continues to keep the minimum wage at $7.25, then people will have a hard time living and supporting a family with that ammount of money, but if we raise the minimum wage, the nation will have to make sacrifices with other things, this might include quality of roads or welfare benefits. Either way it is hard for one person to live off of $7.25 an hour, even if they are full time. Raising the minimum wage nationwide would do wonders to our government economically and taxes wouldn’t …show more content…

This is an easy way for people to talk about raising the minimum wage. With the way the world is today, everyone is constantly online reading and looking at information. Nearly everyone has a form of social media, and this is good outlet to begin highlighting the cause at hand. It’s easy for an elected official to begin a hashtag to see whether people like the idea of not.
Is an easy way to provide feedback immediately. Holding meetings is good way to talk about the issue at hand. People can compromise and find a way to know how to accomplish raising the minimum wage. Many people could attend and express their views. This is a good way to fix things they don’t lie about raising the minimum wage and find ways to make what they do want to happen.
Let busniess know the upside of raising the minimum wage. Targeting service industries is a good idea because they are the businesses that provide minimum wage to workers. This can allow people to discover their opportunities and how this can affect their business in a good way.
More people may apply and work harder with the higher wages. The quality of life will

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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 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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Ultimately, regardless of how enticing it is to simply raise the federal minimum wage, such an action will doubtlessly provoke economic instability, further limit job opportunities, and certainly will not help reduce poverty. At the moment, the whole country has become fanatical about the federal minimum wage issue. As demonstrated by several protests throughout the country, the majority of the people are in favor of hiking up the federal minimum wage. Surely, being a representative of the people, it would be a

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817 Words | 4 Pages

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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Many Americans view increasing minimum wage as an issue for countless reasons. Some politicians and businesspersons argue that raising the minimum wage will slow economic growth and cause inflations. With an increase in

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"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

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In conclusion, a federal minimum wage increase will significantly improve the standard of living of low-wage workers. To meet their basic needs, workers must be given a living wage. It is not only morally correct to do so, but also beneficiary to both ends. The increase in wages allows for a more supportable income, but it also stimulates the economy.

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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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Whether or not the federal minimum wage should be increased has been a controversial topic in the United States. Twenty-nine states have enacted state laws to raise their minimum wage, while twenty-one are still going by the federal minimum wage of $7.25. The federal minimum wage should be raised because it will keep up with inflation, stimulate the economy, and lift people out of poverty. A minimum wage raise would help get people out of poverty.

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Recently, increasing the minimum wage seems to be the solution constantly talked about publicly. Proponents of an increase in the federal minimum wage believe raising the minimum wage to 15 dollars an hour would lead to less people living at poverty level. This idea would certainly help millions of Americans and allow for families to better support their children by allowing for greater stability and spending power within the economy. The only problem with an increase in minimum wage is that it doesn’t affect those who cannot find gainful employment. Furthermore, it increases the possibility that some businesses would pay below the minimum wage “under the table” which is illegal, but still common in many industries and jobs on the lower end of the economy.

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Persuasive Essay On Minimum Wage

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There are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.

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