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The Pros And Cons Of Raising Minimum Wage

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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. A recent study involving three hundred fifty thousand small businesses and the IRS proved that by raising the minimum wage, proved that by raising the minimum wage in cities, actually created jobs (Meyerson A.19). The survey showed that the cities with a higher minimum wage had more jobs come to the area, aiding in job growth (Meyerson A.19). Another argument that leans toward the raising of the minimum wage involves people in poverty. Studies have shown that by raising the minimum wage, more people can live above the poverty line (Meyerson A.19). By raising the minimum over nine hundred thousand people would be …show more content…

Some people who are against the raising of minimum wage suggest that there is no concrete evidence that supports the claim that higher minimum wage will help those who live in poverty. Low income families and low wage workers are actually different (Neumark A.11). By raising the minimum wage, benefits that families would usually get goes significantly down (Neumark A.11). Although arguments from both sides of the issue are very persuasive, I find one of the arguments the most

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Minimun Wage One of the major topics debated in America today is whether or not to raise the minimum wage. People think that rasing the minimum wage will help put an end to poverty. This is not true.

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I have researched and encountered a variety of different sources in which help determine the factors of a good economy in the United States. One factor, being that of our country’s federal minimum wage. This topic has proven to be a controversial issue in the United States. However, several authors have indeed provided me with the adequate information to sustain a good point. With a variety of articles, news, videos and maps, I can properly educate those who are in need of a higher minimum wage.

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Even if some low-income workers may be able to benefit from a higher minimum wage, most of the very poor won’t be able to. When they are not in the labor force; they either can 't work because they are too young, old, disabled or unskilled or won 't work; which would create more challenges through their

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There are valid points to consider on both sides. The pros of raising the minimum wage would be to improve the quality of life for those low wage earners. Most people making minimum wage can’t afford to make a living off of their pay checks alone. According to an article in The Economist, titled The Logical Floor, it states that politicians on both sides are warming to the idea that the lowest-paid can be helped by mandating higher wages.

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A minimum wage increase from “$7.25 to $10.10 would result in a loss of 500,000 jobs”. ("The Effects of Minimum-Wage Increase on Employment and Family Income”) This claim is better because it shows how raising the minimum wage will decrease job growth instead of increasing it. But, the minimum wage should be increased because increasing will also increase economic activity and spur job growth, decrease poverty, and improvements in productivity and economic growth have outpaced increases in the minimum

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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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In 2015, CBS and The New York Times conducted a poll regarding the public opinion of Americans support for raising minimum wage from $7.25 per hour to $10.10 per hour. The poll showed that 71% of Americans favored it, whereas 26% opposed it. There are strong arguments to be made about both sides of the debate, and though there are lots of pros to increasing the minimum wage, there are equally as many contradicting arguments. The strongest argument held by Americans who favor the raising of minimum wage is that it would improve the overall economy of the U.S. and create more jobs. In a 2013 Economic Policy Institute article, David Cooper writes, “Across the phase-in period of the increase, GDP would grow by about $22 billion, resulting in

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Increasing the minimum wage will help out many families. Because my parents are separated, my mom alone, has to worry about paying everything in time and makes sure we have the supplies, clothes, and food that we need. She works nine hours a day and sometimes overtime in the weekend, so my brother and I don’t get to see her as much as we would like to. “But we want to do it in a way that stimulates the economy and certainly doesn’t hinder the economy,” the minimum wage should be increased, but not so much that it creates difficulties for the economy but it will also reduce poverty. Resulting in increasing the minimum wage, there would be improvements in productivity and economic growth.

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Many politicians, business owners, and citizens hold fast to the belief that heightening the salary attached to minimum wage positions will yield negative benefits for our society. This opinion is supported by three vital view-points. The first can be found in the news article, “The Argument Against Raising Minimum Wage.” It expresses how the enlargement of this payment will take a toll on employment. The document reasons that if the amount of money employees earn is expanded, companies will be less likely to hire as many workers (Huppke).

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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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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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The main issue with raising the minimum wage is, it actually has very little effect on reducing poverty. This is because the majority of minimum wage workers are part-time, young, still in school, and because very few people earn minimum wage. With the minimum wage being intended to help people with minimum skills, its purpose was not to help a person raise a family of 4. Since the majority of minimum wage workers are teenagers, raising the minimum wage to reduce poverty would have very little effects since most below poverty level are not “head of household” workers (Fuller). Out of the 75.3 million workers that are paid hourly, only 4.7% were paid in minimum wage and of those minimum wage workers, 59.4% are between the ages of 16 and 24 (Patton).

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In the debate, the opposing team (pros) had a compelling argument that with the implementation of minimum wage, those struggling in the lowest socioeconomic classes will earn more, as Caleb said something along the lines of : “Countries with minimum wage have a much higher lower class”, effectively eradicating poverty and closing the gap between the rich and the poor, and their claim is backed up by evidence. The opposing team compared Singapore with Norway, two countries in similar economic positions, as they both have similar GDP per

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Minimum wage is inhumane and should be raised in order for the U.S to reduce poverty rates and help our economy grow. If there is lower poverty rate that most likely means a better economy for the U.S. Also if the minimum wage is raised employees with low incomes and minimum wage jobs would be able to feed and provide the simple necessities for their families . Raising the minimum wage will reduce poverty in the U.S making it a better country to live in. If the minimum wage is raised it would really help out workers working for this wage provide for their families and pay their bills which can be hard sometimes to some minimum wage workers.

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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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