ipl-logo

What Are The Pros And Cons Of Raising The Minimum Wage

784 Words4 Pages

The Minimum Wage Higher or Lower

I have something to say to everyone who can afford to have a nice property or who can not pay 1 month of rent. I go for a not so high minimum wage but also not so low. Here is why, first having it low will lower the cost of mostly everything, and when there is little of something the value of it goes up. In the contrary, if everyone has 1 million dollars then the value of a house will go to half of a billion. Either way, it will be a very big change tomorrow for our children.
I go for the minimum wage to stay the same as the national but has this is a fair deal I should give you points so, you can at least know why I chose this decision.
First,”Increasing the minimum wage would force businesses to lay off employees and raise unemployment levels."-Pro and Cons of Minimum Wages. This means that if you would like to be better paid than you also the to be good at it because if you're not then someone else could and would take your place. I don't want this to happen, having more competition in a job that has me flipping buns at a fast food restaurant.
Also, "Raising the minimum wage would increase poverty." Pro and Cons of Minimum Wage. As the previous reason having more competition would mean that more people would not have enough money to pay their rent, as to increase the …show more content…

Yes, it might reduce the poverty because everyone would have more money to save up and not be living month to month check. This is that he or she win now, $7.25 an hour. $13,080 a year that is more than 20% of the poverty which is $12,331. If it is risen up to $15 an hour then it would be $28,000 a year. That is more than enough to have a well living life. There has been studied that with a higher wage, not as many dropouts in high school. With fewer dropouts then there will be more educated people living around us. This means that this country will go for the

Show More
Related
177 Words | 1 Pages

One of the cons to increasing the minimum wage is that it helps larger corporations and hurts smaller businesses, therefore, competition is decreased. The bigger companies use raising wages acts as a barrier to entry to new business entering the market and create a monopoly for larger companies who have more profits to afford the increase. An example of this is Wal-Mart, who can afford to pay employees nine dollars and twenty cents an hour but a little store such as Meijer 's who does not make as much profit would limit their hiring of new employees and would cut hours to compensate. A family store might decide that the cost of entering the market is too high to endure as they build up their clientele and develop their business they decide not

Read More
196 Words | 1 Pages

Before ratifying the Constitution, a constitutional convention was called in 1787 to change the Articles of Confederation. This meant that each state had only one vote in Congress, and the size didn’t matter. The debate was between the federalists and Anti-Federalist, one side wanted to ratify the constitution and the other side didn’t. It was not easy because there were documents and articles both supporting and going against it. Who are the federalists?

Read More
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
807 Words | 4 Pages

A pro of raising minimum wage could be that their would be reduced government welfare spending meaning more money for important things like our army. We would be able to build more schools and get everyone an education with all the extra money. With reduced government spending we would be able to put more money into food stamps so that less rich people would be able to supply more food to the house. Government welfare supplies things such as medicaid meaning

Read More
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
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
495 Words | 2 Pages

A controversial topic often debated between liberals and conservatives is the minimum wage issue. While many liberals advocate for raising it, a number of conservatives are persistent on keeping the rate constant; however, studies show that raising minimum wage would not alleviate this country’s poverty issue and would, in fact, increase the unemployment. For these reasons, the minimum wage should not be raised. Increasing the minimum wage would cause economic strain in many ways to workers already living in poverty. According to James Sherk’s article: ‘Raising the Minimum Wage Will Not Reduce Poverty’, raising minimum wage to seven dollars and twenty five cents would cause an estimated eight percent of current workers to lose their jobs.

Read More
993 Words | 4 Pages

Thus, a higher minimum wage would not increase poverty in America, it would decrease

Read More
544 Words | 3 Pages

For my survey project, I chose to talk about whether or not it is a good idea to raise the minimum wage. My goal for my research is to prove that it is a bad idea to raise it. While it is convenient for minimum waged workers to get paid more, it would not be for the rest of us. It would result in everything becoming more expensive. My main focus is on keeping the minimum wage at its current value, nine dollars.

Read More
1030 Words | 5 Pages

Currently, many workers are unable to afford the cost of basic necessities, such as housing, food, and transportation. By raising the minimum wage, these workers would have more disposable income to cover these costs, allowing them to live more comfortably. This would reduce the financial burden on those making the minimum wage, allowing them to save more and invest in their future. Additionally, raising the minimum wage would create more jobs, as businesses would need to hire more workers to keep up with the increased demand. This would lead to a decrease in unemployment, resulting in a decrease in the cost of living due to increased competition in the job market.

Read More
636 Words | 3 Pages

The cost of living is a difficult situation that many Americans across the country struggle with today. A heated debate that directly impacts the lives of all citizens is whether or not the price of minimum wage should be increased. Minimum wage is the standard amount of money earned for executing a basic skill job. Some people hold strong beliefs on why enlarging minimum wage is a major downfall, while others think this process is extremely beneficial. The following paragraphs will discuss the pros and cons surrounding both sides of this topic and the reasoning that births each one.

Read More
999 Words | 4 Pages

As a country, we’re facing an epidemic where finding steady employment is hard and the cost of living is high. This has caused many people to work a minimum wage job and struggle with paying rent and etc. A solution proposed to solve this problem would be to raise the minimum wage to something that a person could survive off of. However, this controversy has caused a debate between people who are split on the issue. There are people who are for it and people who are against it.

Read More
950 Words | 4 Pages

Raising minimum wage would hurt businesses and cause them to close. It could also be argued that raising minimum wage would bring the prices of items up. Nevertheless, the benefits that come out of raising minimum wage outweigh these reasons. Elevating the minimum wage will bring families out of poverty and provide a livable wage. According to America’s Unions, “Raising the federal minimum wage to $15 an hour by 2025 would raise wages of up to 27.3 million workers and lift 1.3 million families out of poverty” (It would also allow for people to be able to keep up with inflation and it would provide enough stability for the economy to grow.

Read More
606 Words | 3 Pages

Over the course of this essay being read by whomever the viewer may be, they will hopefully understand why I sit where I do. Overall I stand in between, and agree with both sides of the issue. One of the big pros of raising minimum wage is there is a lot more encouragement for people to work. Those who don’t work because of minimum wage being what it is, will have a bit of incentive to go out and work. This happening will also have another effect, less reliability on government programs.

Read More
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 What Are The Pros And Cons Of Raising The Minimum Wage

Related Topics

Open Document