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The Pros And Cons Of Raising Minimum Wage

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The $15 minimum wage impact

Apparently the Manitoba decided to increase their minimum wage to $15 on February 1st. we found out that the effects of raising this minimum wage by small amount, such as a dollar or cents are not that very large for the people wages. when minimum wage increase raises the food prices going up and increase income will increase spending as well. that the government making a huge change. A decision of the government will going to affect me and how we will react to it, that's it because reality of it is how many vote do you think agree and to have to influence, over think about it? most of people influence over how many votes no its more than one it's more than one you have influence over spouse.

the current call is for national $15 an hour minimum wage, more than double the current 7.25 wage before. An number of places like cities and states are already having it including …show more content…

first of all why we shouldn’t raises the minimum wage well In the companies with a budget to pay employee, an increase to the minimum wage would be result in layoffs or not hiring people and the worst part some people lose their jobs. Plus the increase to the minimum wage would lead to incentive for employers to invest in technology, and machinery to increase productivity rather than human resources which is not really good because the real people need job will lose their opportunity. When minimum wage might be result a increase of the high school dropout rate. Why? The students will think that it was a pretty good wage that they don’t have to study to have more money if the minimum is pretty amount for them. But These is some reasons maybe we should increase the minimum wage. like if it increase the minimum wage it will definitely raises the standard of living for people too in this country. Plus graduated student will increases in the minimum wage but they have a low impact on

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Also, it will increase drug use. Another reason is that if there is an increase in minimum wage it would encourage workers with less skill to stay at the same level of experience that they have because nothing is pushing them to get a better job or to earn promotions. If the minimum wage were to be raised, people who are in poverty and that is on welfare has almost all the support they need to get a degree and try for a better job. People that are on

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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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131 Words | 1 Pages

Raising the minimum wage isn 't entirely beneficial. It could potentially lead to more unemployment as some businesses may reduce their number of employees or reduce their hours in order to offset the cost of paying a higher minimum wage. Some may also increase the prices of products or services offered. It can also possibly lead to a decreased interest in college education since minimum wage jobs are paid almost the same or can be more than what jobs requiring college education pay.

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430 Words | 2 Pages

The minimum wage should not increase because it would lead to Layoffs, less jobs, and Inflation. Among other things these things should be major driving factors to not raising the minimum wage. There are pros to raising it but the cons far outweigh them and over the course of this you will learn about them. The first con to raising minimum wage is layoffs, having to pay workers higher wages could lead employers to rethink the employees they have hired which could lead to many employees who had made the cut before suddenly not meet the requirements for that job.

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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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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.

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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.

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Reasons Not to Raise the Minimum Wage Raise the Minimum Wage Would result in job losses. It hurt low skilled workers be harder to find a job. Minimum wage increases dose not reduce poverty. Result In higher Prices For consumers, the costs of minimum wage increases must be paid by someone.

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993 Words | 4 Pages

The federal minimum wage should be increased because it would decrease poverty rates, stimulate the economy, and inflation has surpassed current wages. A raise in the federal minimum wage would help pull millions of Americans out of poverty. Currently, there are over forty-three million Americans who live beneath the poverty line (“Should We Raise”). Of those in poverty, many are trying to support themselves, as well as their families, while living off of a minimum wage job.

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670 Words | 3 Pages

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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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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626 Words | 3 Pages

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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1108 Words | 5 Pages

Just simply raising the minimum wage is like what Germany did after World War I. To pay off their debt they just printed off a bunch of money, but what they did not realize is that the value of their money dropped. Just raising the minimum wage is not going to magically help the United States economy. Raising the minimum wage also decreases employees work ethic and the use of incentives ("Seattle Wins 'Fight for $15,' but Low-Skill Workers Lose." A.7). If the minimum wage is raised then many companies will no longer be able to use a raise to promote their work ethic because they will no longer be able to afford the raise.

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711 Words | 3 Pages

If America raises the minimum wage to $9.00, it will help people in need or in poverty, but it also won’t hurt people in the workforce. If you increase the minimum wage to $15.00 it will make unemployment rates go high up. Which in the process, makes the homelessness rates go up in the country and in your community. If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness.

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There are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.

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