ipl-logo

The Pros And Cons Of Raising Minimum Wage

1146 Words5 Pages

Will you Agree with the Rise of Minimum Wage?
Minimum wage has been something people talk about for years. There is of course are two sides to this debate. Many people agree and back up their decision in why it should be change. While the other side does have a different perspective about changing the minimum wage and feel life it should not be changed. Both sides a have great information to support their decision but the one that will have a better outcome will be chosen. The question is why now? Why do people decide that the minimum wage should be higher? Also why do people not agree with raising the minimum wage if it was been done for many years? Inflation is one of the problems troubling people in lower class, but some people think inflation is not affecting us and if it did the government would help. There are pros and cons when deciding to raise the minimum wage. Some arguments will have a …show more content…

It was talked about how raising the minimum wage can affect businesses and even have jobs loss. When looking back the minimum wage has not been the same because the government “has changed it 22 times”(Labor, Department). This would not be the first time minimum wage was changed. Inflation would be what people worry about the increase in minimum wage, but an article mentioned “Congress sets the minimum wage, but it doesn't keep pace with inflation”(Labor, Department). Our prices could be high right now for the everyday worker and still earn the same amount of money and trying to keep up with the rising prices. Businesses can come out successful with the workers earning more; consumers will have the better urge to spend. When businesses start selling more they can grow and make another store, but most of all it will help workers get paid and have money to make the product sold. Having to support the rise in minimum wage can help increase

Show More
Related

The Pros And Cons Of Raising Minimum Wage

567 Words | 3 Pages

The topic of minimum wage is one that can lead to heated debates from both sides of the aisle over how much a person should be getting in payment versus how much work they do, or how hard they work to earn the payment. Countless people today are not getting paid the amount they should be based off of the work that they are putting in to their job. There are arguments leaning towards the raising of minimum wage, and there are arguments leaning against the raising of the minimum wage, however one of the arguments I find persuasive. There are some arguments that lean towards the raising of the minimum wage. The first argument presented involves job creation in the United States.

Read More

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

Read More

Should The Minimum Wage Be Increased?

601 Words | 3 Pages

Minimum wage is a highly debated topic. Should the minimum wage be raised or should it stay the same? When there are 25 million people who would benefit from increasing minimum wage, why does the question so difficult to answer (Quinn, Castle, LaTourette, Morella)? When an answer can affect how people live their lives the answer should become easier to answer. Yet we have to think about what the outcome would be to each scenario.

Read More

The Pros And Cons Of Raising Minimum Wage

1043 Words | 5 Pages

Raise Minimum Wage Raising minimum wage has always had a debate amongst people. There has always been a controversy of doing so has or not, how ever there is always some advantages and disadvantages in such topics as such. According to some studies from 2013, research shows that raising minimum wage could in fact increase job growth and activity. This research was based on the wages of $7.25ph increasing to $10.10ph and if it was done so, it would point 22.1 billion dollars net into economy and produce 85,000 if not more jobs in a period of 3 years. Studies also show that raising minimum wage would reduce poverty, a $10.10 minimum wage could save up to 900,000 people out of poverty (Congressional Budget Office).

Read More

The Pros And Cons Of Raising Minimum Wage

914 Words | 4 Pages

To Raise or Not to Raise Opinions surrounding the minimum wage divides America. Just like with any controversy, the opinions of Americans are not simple. Some think the minimum wage is fine at its current level. Some think the minimum wage should only be raised in certain case.

Read More

Should Minimum Wage Be Raised Essay

407 Words | 2 Pages

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.

Read More

Should Minimum Wage Be Raised Essay

1162 Words | 5 Pages

Some Americans argue that the wage isn't high enough to support themselves or a family. On the other hand, there is also many people who oppose the heightening of minimum wage. The federal minimum wage should not be raised because it would hurt small businesses, increase unemployment rates, and decrease youth employment. If the federal minimum wage was to be increased, small businesses would take the hardest hit.

Read More

The Pros And Cons Of Raising Minimum Wage

1093 Words | 5 Pages

The controversy between raising or not raising minimum wage I feel will always be there. Another positive thing to think about when deciding to agree or disagree with this is that with a raise it will allow over 900,000 people to live out of the poverty mark. Letting this happen will let people live independently and with little or no help at all from the government. This will also allow tax payers to pay less every year due to the decrease in the food stamps, WIC and school lunch programs (Fletcher

Read More

Four Reasons Not To Raise The Minimum Wage

698 Words | 3 Pages

When people think about raising the minimum wage most of them are excited because their check would have more cash, but, they don’t think about the bad effects that it will cause other employes. Minimum wage is the lowest daily or monthly remuneration that employers may legally pay to workers. In California raising the minimum wage has become a big argument between those who think raising would have more cons and those who think they have more pros. Despite the fact that people think raising up the minimum wage will help many people get out of poverty. I do not support raising the minimum wage, and the reason is as followed.

Read More

Essay On Raising The Federal Minimum Wage

733 Words | 3 Pages

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.

Read More

Should Minimum Wage Be Raised Essay

993 Words | 4 Pages

Should the Federal Minimum Wage be Raised? In 1938, President Franklin Delano Roosevelt created the first minimum wage to promote the economy during trying times. Since it was first set at twenty-five cents, the federal minimum wage has been increased twenty-two times, the latest being in 2007 (Smith). Yet approximately fifty percent of Americans believe that the minimum wage should be raised again (“Should We Raise”).

Read More

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.

Read More

Raising The Minimum Wage Essay

1785 Words | 8 Pages

I found out that there are plenty of good reasons why it is very hard to just raise the minimum wage. If they did raise it the companies would have hard times paying for all their workers and this would cause lower employment rate which would cause more people being poor and homeless. I rather get paid a few less dollars than seeing people struggle and suffer. On the other hand it is very hard to raise a family on a salary that is very low. Somebody will have to pay for the

Read More

Persuasive Essay On Minimum Wage

551 Words | 3 Pages

Recently, there has been a huge movement throughout the whole country to raise the federal standard of the minimum wage. The proposal has caused much debate throughout the country because with the raising of the the minimum wage , the cost of living will also go up. This has been

Read More

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.

Read More

More about The Pros And Cons Of Raising Minimum Wage

Related Topics

Open Document