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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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The United States is at a hurting point. Where the United States has the richest people, yet it has poverty in every corner. People should just face it; no one expects to have a life depending on a minimum wage. The rich are stable and the rest are hustling for every penny. If the wage is raised, it will help the ones who struggle to put meals on their tables and soon enough people will be able to afford a normal

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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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