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The Pros And Cons Of Raising Minimum Wage

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I. Working Title- Pros of $15 Minimum Wage
II. Working Thesis- Frequently the idea of raising minimum wage comes up. The increasing minimum wage to $15 an hour would benefit the economy greatly and provide financial stability to most citizens.
A. Minimum wage was established in 1938 to prevent exploitation, during the Great Depression people were desperate for work so employers to advantage and paid very little.
1. The federal minimum wage have been around for over a hundred years.
2. The article “Why a $15 minimum Wage Is a Good Economics” was written by Jared Bernstein and Ben Spielberg.
3.According to the article seems that Jared Bernstein and Ben Speilberg are pointing out that United States knowledge of the minimum wage is greatly …show more content…

7. Most of the low wage workers are women and single mothers who need the increase in minimum wage to help take care of their families.
8. Along with helping low income families boost their income, the increases of minimum wage to $15 would also put them above the poverty line.
9. More than half prime-age adults between the ages of 25-54, and nearly half are women.
B. Economist Michael Reich and Jesse Rothstein of University of California states that “ Minimum wage increase also generates more purchase power among households with higher propensities to spend their income”.
1. In the United States there are many Americans who are having to live off of minimum wage.
2. The increase of minimum wage would be good because it will help low income people keep up with price inflation.
3.There is a essential need for the federal minimum wage to increase because not only the people will benefit from it, but the economy as well.
4. Companies who are able to pay higher minimum wage will benefit with increased productivity and customer satisfaction.
5. Raising the federal minimum wage to $15 would lift pay for 41 million workers, increasing economic growth and spur job …show more content…

They are demanding more money to meet their day to day needs and invest in their children’s future.

C. The co-sponsors for The Raise the Wage Act of 2017 are Senators Patty Murray and Bernie Sanders and House members Bobby Scott and Keith Ellison. 1. The Raise the Wage Act of 2017 would benefit teenagers who work for tips, and those teens who are just starting to work.
2. It would also benefit those who work and have a disability.
3. The Raise the Wage Act will increase the federal minimum wage to $15 an hour by the year 2024.
4. It will also index the minimum wage to the median wage, and phase out loopholes in federal minimum wage law.
5. The $15 minimum wage would affect the people of the Unites States because an increase in minimum wage raises the standard of living, and would help reduce gender and race based income inequality.
6. According to Bernstein and Spielberg, “If you think that wages are too low to cover a full time worker and his or her family’s basic needs are unacceptable in such a large and growing economy minimum wage should be a living wage in order for families to make ends meet.
7. Minimum wage will have some effect on government, because there will be a cut down on social

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