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Should Minimum Wage Be Raised Essay

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James Letts Mrs.Murphy Writers workshop 2/17/23 Why the minimum wage should be raised The debate about raising the minimum wage continues to rage on in the United States, with no clear consensus in sight. Lawmakers have long avoided this issue, claiming that raising the minimum wage will lead to job loss and higher costs of living. However, the reality is that raising the minimum wage holds many benefits for both workers and employers, and should be a priority for lawmakers. Currently, the federal minimum wage stands at $7.25, and 21% of workers in the U.S. are making less than that. This means that those workers are struggling to make ends meet, and are unable to save for anything beyond their immediate needs. This furthers the gap of inequality …show more content…

While it is true that businesses would need to adjust to the higher wages, there are ways to ensure that prices do not skyrocket. One way to do this is to provide targeted tax incentives to businesses that pay their employees higher wages. This would encourage businesses to pay their employees more while still keeping prices low. Additionally, the government could provide targeted assistance such as job training and education programs to help workers transition into higher-paying jobs. This would ensure that workers are equipped with the necessary skills to succeed in the job market and would help to reduce the income inequality gap. Raising the minimum wage would also have a positive effect on the environment. A higher minimum wage would allow workers to have more disposable income to invest in green products and practices. This would lead to businesses making more conscious decisions when it comes to their environmental impact, reducing their carbon footprint and contributing to a healthier planet. Moreover, it would also create more jobs for those in the green economy and help to promote sustainability in the long …show more content…

Currently, many workers are unable to afford the cost of basic necessities, such as housing, food, and transportation. By raising the minimum wage, these workers would have more disposable income to cover these costs, allowing them to live more comfortably. This would reduce the financial burden on those making the minimum wage, allowing them to save more and invest in their future. Additionally, raising the minimum wage would create more jobs, as businesses would need to hire more workers to keep up with the increased demand. This would lead to a decrease in unemployment, resulting in a decrease in the cost of living due to increased competition in the job market. Ultimately, raising the minimum wage would have a positive impact on the cost of living for workers, making it easier for them to afford the basic necessities and save for their

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Minimum wage would raise the wages of many workers and increment benefits what disadvantaged workers. An estimated 6.9 million workers would receive an incrementation in their hourly wage if the minimum rage were raised to $10.15 by 2015. Due to the spill over effect the 10.5 million workers earning up to a dollar above minimum wage would withal be liable to benefit from an incrementation. Women are the most astronomically immense group of beneficiaries from a minimum wage increase. Sixty percent of workers who would benefit from an incrementation are women.

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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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Raising minimum wage in the United States would benefit over twenty eight million workers. Raising minimum wage would help businesses and would also give workers with minimum wage salaries more money then just enough to get by. The money these workers earn will go into businesses in and near their communities. Also the cost of living wages have increased throughout the years. With a minimum wage salary you have to work a forty hour work week without paying more than thirty percent of their income.

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It would make the united states a better place it would reduce crime and poverty the lives of many would change children would have a chance at education and wouldn’t be put at risk of doing bad things cause their parents don’t have enough money to put them through school and things like employees not always wanting to look for a better job would be eliminated the whole idea of America becoming a better place would become achieved. It all just starts with the raising of minimum wage and its just a domino effect once the parents have enough money to pay the bill and put some aside the kids live happy and once the kids are happy the employee/ the parent is happy and once that happens the employee become more productive and when the employees are more productive the business becomes more successful and when the business becomes more successful and expands they are going to need more employees and when they need more employees there are more jobs so in the end raising the minimum wage would make the United states a better place better as a

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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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Americans can all agree that America is struggling to keep unemployment rates low. If the government raised the minimum wage to $10.10, a projected 85,000 jobs will be created in the next three years. Along with the increase of minimum wage, everyone will be making more money, otherwise known as wage inflation. If the minimum wage goes up three dollars, people who make more than minimum wage will get more money to compensate for employees that make minimum wage. The modern economy is far too ahead of the measly $7.25 minimum wage workers make.

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Because of inflation, the prices of goods and services has gone up tremendously throughout american history, however, the minimum wage hasn’t. Since minimum wage only changes with congressional action, this results in a low amount of money for families that need to purchase essentials to live conformably. The increase would also boost the economy because of the more money going into these families and individual’s pockets, the more they are wiling to spend, thus creating more stores, jobs, and economic growth. According to the Economic Policy Institute, a minimum wage increase from the current rate of $7.25 an hour to $10.10 would inject $22.1 billion into the economy and create around 85,000 new jobs over a three-year period.

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Minimum wage has been a long time controversial talk that still being felt people across the nation and governments focus on to improve economy and go forward and help hard working classes to make end meet. Raising minimum wade can be the first method to make both work and growth their economy media. Pay lower wage job can improve family life that ever, this raising minimum wage increase customer spending that grows our economy and small local business. Raising low wage job is the main parts of our sustainable economy rebuild. Raising this minimum wage can reduce poverty and it also give for low class people living opportunity to live better and succeed.

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By increasing the minimum wage, the government and economy will benefit, families will be able to sufficiently support one another, and the number of people

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The benefits of raising minimum wage are substantial according to the resources. The employee benefits by being properly compensated for their services. The employer will benefit by receiving a more stable work ethic from the employee along with a high production rate. The government will be benefit by reducing the deficit by putting less tax dollars into the government funded assistance programs utilized mostly by those who are unemployed or making minimum wage. An increase in the Federal minimum wage will do far more good to our economy than

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The minimum wage being low teaches people the value of a penny because if you are making $7.25 an hour you will understand that you can not buy that new game you wanted because instead you will buy essentials; but if you started off making $20.00 an hour then you will not value your money as much as you should and you will end up living check by check instead of saving. If the minimum wage gets raised then the employees working there will get comfortable and may not want to get a different job and just

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Many argue that an increase in minimum wage will help guide low skilled workers out of poverty and assist them into having a better career. That is not necessarily true, Many economists can agree that minimum wage jobs such as cashiers, host or a hostess are not jobs that meant to support a family. If anything by raising the minimum wage, it will put more people in poverty than guide them out of poverty. A raise in minimum wage will cause loss of jobs, an increase in the inflation rate, increase in

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