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Should Minimum Wage Be Abolished Essay

1029 Words5 Pages

"They work hard every day; they stock our store shelves, wash dishes at our restaurants, clean our offices at night, care for our kids during the day...They have in common the minimum wage. And they need a raise, and as you saw, they deserve a raise" (Clinton). President Clinton and many others argued for the minimum wage hike to go into effect. Millions of hard -working Americans earn enough to barley scrape by, if they are that lucky. Minimum wage must be raised in order for it to diminish poverty and assist the working class to support their families.
The concept of minimum wage jobs seems to be falsely advertised amongst the business and political community to be aimed towards teenagers looking to save a little money. However, of the people that earn minimum wages, about eighty percent are adults. They’re looking to support their families, not earn weekend play money. A measly seven to eight-something dollars an hour wouldn’t do much for someone looking to help pay off student loans, or pay their other bills. The concept of the minimum wage should be viewed as earning money to support one’s …show more content…

“A review of 64 studies on minimum wage increases found no discernable effect on employment. Additionally, more than 600 economists, seven of them Nobel Prize winners in economics, have signed onto a letter in support of raising the minimum wage to $10.10 by 2016.” (U.S. Department of Labor) In any basic high school economics class, one learns that any extra money given via minimum wage would be put back into the economy. For example, if a single mother is barley making enough to pay for her kids to be clothed and fed, the extra money may go to things that are or aren’t necessities. If that meant the money going to her local electricity company, or to a toy manufacturer, it would without a doubt return to the economic

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Pros And Cons Of Raising The Minimum Wage

1094 Words | 5 Pages

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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Should Minimum Wage Be Raised Essay

407 Words | 2 Pages

Minimum wage should not be raised because it is not an income that someone sold live off of. Minimum wage in the country is currently $7.25 but some states have changed it in a way that is way too much. For example Washington state currently has the highest minimum wage at $9.32 that’s a $2.07 increase to the current amount minimum wage. Seattle is currently considering to raise their minimum wage to $15 it’s understandable that the city is very large and things cost more money but if they raise minimum wage to $15 that will only bring inflation causing things to cost only more money than it already does. If there is one thing that should not be done to the country it is to cause inflation.

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Why The Minimum Wage Should Be Raised

605 Words | 3 Pages

In reality some people don’t have the education or skills to get a well paying job. Those are the people who end up taking minimum wage jobs or becoming homeless. Minimum wage is the lowest wage a worker can legally get. From the start of the law in 1938 the wage has increased slowly(Annalyn Kurtz, CNNMoney). Minimum wage should be kept and raised, it helps people who can’t get a higher paying job live.

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Should Minimum Wage Be Increased Essay

674 Words | 3 Pages

This is a common story among people who only make minimum wage. The federal minimum wage should be increased, because even people who earn more than minimum wage cannot get past the poverty line. In addition, it reduces costly employee turnover, increases productivity, and stimulates the economy. Even for those who live at or below the poverty level, a minimum wage is not sufficient to support them and their families. However, expectations do exist for qualifying for free government assistance.

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Should Minimum Wage Be Raised Essay

1002 Words | 5 Pages

They also argue that increasing the minimum wage shrinks the gap between low-wage and higher paid employees, which decreases the income inequality. Another argument they make is that if the minimum wage is increased, then more money will be put into the economy due to low income workers being more likely to spend their money than high income workers (Mejeur, 2014). Those that want a higher minimum wage view it as a way to better the economy an believe it is a better way to do so than by keeping the minimum wage at the same level. Although those may seem to work on paper, in practice they fall

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The Pros And Cons Of Raising Minimum Wage

1442 Words | 6 Pages

The problem with increasing the minimum wage is that people who have a job will be benefited, but certain people, like college graduate students who are planning to get their first jobs will face consequences, and it will make it more expensive for business to hire younger people and low-skill workers. The younger generation will be the ones who face more trouble, as opportunities will be snatched away from them. Therefore increasing the minimum wage will not lift the

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Federal Minimum Wage Essay

618 Words | 3 Pages

. . The current value of the minimum wage in real dollars is at its lowest level since February 1956, when the lowest U.S. wage was 75 cents — the equivalent of $7.19 in June 2022 dollars” (Cerullo). The increase in the federal minimum wage and adjusting the price to compare with inflation would ensure that low-wage workers could adopt a standard of living that is equivalent to the current economy. The federal minimum wage should also be increased as it will allow minimum wage workers to afford basic living expenses. Currently, the minimum wage is not enough for people to afford housing and other necessities.

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Essay On Pros And Cons Of Raising Minimum Wage

1506 Words | 7 Pages

Many families have to have strict budgets due to only making minimum wage. The minimum wage is not enough money for most people, in fact, most of the people that make minimum wage, work multiple jobs, leading them to overwork themselves constantly. Increasing the minimum wage has been a major argument for quite some time. Some people argue that the minimum wage should be raised to help benefit workers and reduce poverty. They also believe that raising the minimum wage would input more money into the economy, allowing it to strive.

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723 Words | 3 Pages

The minimum wage should be raised until the lowest paid individual can afford any basic needs to survive. Where the minimum wage is resting at now it has many problems such as making the simplest life hard to afford and makes the average living expenses very stressful. When there is a significant gap between the minimum wage and what it costs

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Increase Minimum Wage Essay

1057 Words | 5 Pages

If we raise the minimum wage jobs will be lost which would lead to a lower overall quality of life for disadvantaged people. (Freeman, 1996) We Do Need a Minimum Wage Although there does need to be some type of minimum wage at the federal level to ensure employees get paid something, it cannot be as high as $15 dollars an hour. If the actual minimum wage (also called the nominal minimum wage) is at or below

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Persuasive Essay On Minimum Wage

1645 Words | 7 Pages

As prices rise, people obviously need more money to pay their bills and buy necessities. While those who are against increasing minimum wage would present their main argument as it could result in higher prices for consumers, it hurts low skilled workers, and it results in job loss (Slavov and Gorry). Minimum wages play a large role in today’s society as more than 3 million people work at or below minimum wage (Pathe). Many have started protests to get the minimum wage increased, some even want it to be increased to $15 per hour. President Elect Donald Trump believes that minimum wage should be increased to at least $10 per hour because that is the bare minimum that is needed for a feasible standard of living.

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Essay On Raising Minimum Wage

733 Words | 3 Pages

Minimum Wage: Should we Raise it? Minimum wage has been debated many different times from many different viewpoints, each with their own valid arguments and fears. But if we are to press forward in out efforts to solve this issue, we must face it head-on. The reality is that raising the minimum wage to $10.10 an hour would decrease poverty levels, support the economy, and would not negatively impact consumers as much as businesses seem to think. It is common knowledge that people living below the property line often work for low paying, minimum-wage jobs.

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Should The Minimum Wage Be Abolished Essay

542 Words | 3 Pages

If you were a person that would make the minimum wage you couldn’t afford basic necessities or housing. Minimum wage slowly killing people by not getting them enough money to support them. This leads to it slowly kill them because of the minimum wage. People can’t afford basic necessities of life off the minimum wage. People can’t afford a two bedroom apartment even making 15 dollars an hour, but that almost twice the amount of the minimum wage.

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Argumentative Essay On Minimum Wage

1130 Words | 5 Pages

The people who make minimum wage very clearly express their theory that higher pay will benefit them and show many valid points on why it should be increased. Minimum wage workers work hard and "[s]ince the 1970s, productivity has risen dramatically... [y]et middle- and low-wage workers ' incomes have barely changed" (Dorn). These circumstances make it hard for low wage workers to stay above the poverty line when the average low wage worker makes only $15,000 annually (Dorn). Before inflation, the minimum wage was surprisingly much higher, "in 1968, the minimum wage was close to $10 per hour in today 's dollars" (Dorn).

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Essay On Increase In Minimum Wage

704 Words | 3 Pages

In the past three years, many politicians and labor unions have been pushing for an increase in minimum wage. Minimum wage is the lowest set wage by a law of a government body. An increase in minimum will benefit some people, and hurt others. An increase in minimum wage will cause benefit in the short run but will be very damaging to the economy in the long run. There should not be an increase in minimum wage because it is unhealthy to the economy in the long run and it will be the major cause of job loss, increase in inflation, competition, and the price level of goods and services.

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