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Should The Minimum Wage Be Abolished Essay

542 Words3 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. People can’t afford good housing on this 7.25 minimum wage. What if they a family they can’t afford them having there own bed. There are people that work 93 hours that make minimum wage have to miss meals and needed medicine daily. This means that there aren’t eating the basic nutrition they need. People that make minimum wage have to stick to junk food which some people would love, but that leaves to unhealthy habits. This leads to people want help but can’t afford it. This means our country is …show more content…

Im we raised the minimum wage it would mean teens would have to work less hours which means more time to study. Which means they will have a greater chance to pass. It would reduce crime and robbery because there would be less reasons to rob. Robbers would have reasons to rob. If we increased the minimum wage to 9 dollars it would lift 300,000 people out of poverty. Picture that 300,000 people is poverty having a house and well paying job and stay that way. In Rawlins, Kansas where rental cost are the lowest for one person would be nine dollars and thirty five cents, but that 2 more dollars than the minimum wage by Massachusetts Institute of Technology. “If the minimum wage in 1968 had simply kept up with inflation, it would be more than $10 today. If it also kept up with the added productivity of American workers since then, it would be more than $21 an hour…” (Doyle,2016) means where rent is low it is still too much for someone living off the minimum wage

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The current federal minimum wage is set at seven dollars and twenty-five cents. Many workers across the country are complaining that the purchasing power of the minimum wage is currently low, meaning one cannot buy as much while living off of the minimum wage. Moreover, citizens are work full time, while earning the minimum wage, are living, on average, several thousand dollars below the poverty line. However, an increase in the federal minimum wage may do more harm than good. It is likely that an immediate increase in the federal minimum wage will lead to an increase in high school drop outs, a large cut in the workforce, mass amounts of inflation, as well as a large amount of jobs being outsourced.

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Because the cost of living has welkin rocketed, it has become virtually infeasible to raise a family on a minimum wage job. A person living on his or her own cannot survive on minimum wage job either. Their living expense would just be exorbitant. The earnings of minimum wage workers are crucial to their families salubrity. Evidence from 2013 and 2014 minimum wage increase shows that an average minimum wage worker brings home more than a moiety of his or her family 's weekly earnings.

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When you raise minimum wage you raise the price in everything else for instance if minimum wage was raised ten percent that also raises restaurant prices 0.7 cents that may not sound like a lot but it starts adding up sooner or later and who knows then it could raises prices a whole dollar. Some people think that because the cities they live in are so expensive that minimum wage should be raised but if you live in an expensive city and are also living off minimum wage and can not afford it then you should not be living there. Also women think that they can not have a good lifestyle for their children with what minimum wage is paying. If you are living off minimum wage and trying to raise children then maybe you should find a different job where you can afford a life for your kids. Minimum wage should be raised because the economy is at a point where if minimum wage is raised there would not be a drastic change.

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Whereas most people see adding an extra seven dollars an hour to the minimum wage as a measure that will magically make life better for the middle and lower class, sadly this is far from the truth. If the minimum wage is raised it will hurt small businesses, higher cost of goods, low skilled and younger people will be at a disadvantage and minimum wage will

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Why so much just for minimum wage? Well, a lot of people have come to the conclusion that by doing so, it will put many families all over the country in better money situations and potentially keep them out of dept. What they aren’t realizing are the negative outcomes that can come from this; such as inflation or even higher unemployment rates. Is this really something that our country wants to risk getting into?

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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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Minimum wage is not enough for people to rely on. Many people that make minimum wage are likely to go through a time of poverty. Employees that make minimum wage are said to put less effort into the job, than the

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Since the Great Depression, there has been a minimum wage in America, but this minimum wage has changed 22 times since the Great Deprnbession. Many people say minimum wage should stay at $7.25 like it has been since 2009. Meanwhile, other people believe that minimum wage should be $15.00 so they can have more money to live comfortably. People think that a higher minimum wage will help, but it will hurt more people than it will help. If America makes the minimum wage $9.00, people will no longer be in poverty and it will make the economy balance out.

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Minimum wage and poverty With everything going on with the Walmart workers picketing for fifteen dollars an hour wages, the topic is widely discussed with many people taking many different sides. The essay “Raising the Minimum wage will reduce poverty” By Sharon Parrott and Jason Furman, They go into how they think the minimum wage should be raised in order to decrease poverty in america, Of course there are reasons to raise it and reasons to not raise it. Yet with the multitude of reasons for and against it, it’s hard to make a decision that makes everybody content, Some of the reasons not to raise it include, Raising it can make prices for everyday items go up, Why go and spend thousands of dollars on college when you could get a decent job right out of high school, and Why let workers who work at unskilled jobs make as much if not more than the military. Some reasons for minimum wage raising is, The fact that the cost of living is higher means people can’t survive with minimum wage without federal care, And just helping people get back on their feet when they couldn’t find a job. The reasons Minimum wage shouldn’t be raised outweigh the reasons it should.

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As of July 24, 2009 the federal minimum wage is $7.25. The extensive period of time that has passed since minimum wage was last raised has caused an 8.1% loss of buying power due to inflation, making it insensibly low. On this salary, working full time an income of only $15,080 is produced. This is nearly $4,000 below the federal poverty line for a family of two and over 3.3 million workers are receiving this wage or lower, with an additional 17.3 million workers making $10.10 or less. The current rate is nowhere near enough to support oneself or a family.

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Minimum wage Minimum wage in America is poverty it creates a wage lower than the living wage. It 's only backbone of support is social welfare and the affordable care act medicaid and obama care so people who have low wage paying jobs and minimum wage has to rely on taxpayers and the government to pay with their subsidizes, Because social welfare no longer becomes support but becomes a lifestyle. Minimum wage is set by the Department of labor, and fair labor standards act they set a minimum wage and a overtime pay. Why isn 't minimum wage raised to living wage or out of poverty level? Because if minimum wage goes up so does the prices of goods.

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Naturally the rise in the price for living shouldn't be a problem but when the minimum wages don't rise many people suffer. Minimum wages should be raised because it will save the government money, help lower income citizens eliminate poverty, and workers aren’t getting paid their worth. How would you survive if you didn't make enough money to live? A study by the Center for American Progress found that raising the minimum wage to $10.10 would help 3.5 million Americans get off food stamps (Rachel West and Michael Reich, 2014).

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The reason for this, is the core mechanics within a market economy. A market based economy is defined as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.” (Merriam-Webster) As you can see minimum wage does not follow this rule of competition and the decisions of private investors. It is in the economy’s best interest to abolish minimum wage because it will cause an increase in employment, stimulate economic growth, and allows for an easier escape

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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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