The feeling of working endless hours and days for years on end with no improvement in pay or life style is the reality for millions of people living in the United states. Those who have to struggle due to the fact that he/she wasn’t fortunate enough to get an education or have a chance to get an education and they’re for they have to live with the reality of making minimum wage in hopes to somehow make ends meet every month. The topic in which will be broken down today is the topic of minimum wage and how raising it would help ease or eliminate some of the issues which stem out because of it. The first reason to raise the minimum wage is it will reduce employee turnover. Yes, if employees have a decent paying job which they can pay their bills on time and still have some …show more content…
It would make the united states a better place it would reduce crime and poverty the lives of many would change children would have a chance at education and wouldn’t be put at risk of doing bad things cause their parents don’t have enough money to put them through school and things like employees not always wanting to look for a better job would be eliminated the whole idea of America becoming a better place would become achieved. It all just starts with the raising of minimum wage and its just a domino effect once the parents have enough money to pay the bill and put some aside the kids live happy and once the kids are happy the employee/ the parent is happy and once that happens the employee become more productive and when the employees are more productive the business becomes more successful and when the business becomes more successful and expands they are going to need more employees and when they need more employees there are more jobs so in the end raising the minimum wage would make the United states a better place better as a
Today more minimum wage works are exchanged of making money for their families (smith 2) In order for our country to be stronger minimum wage needs to be raised because of their children and bills. One reason why the minimum wage should go up because they need more money for their children. “If we increased the minimum wage workers will earned 6,000 dollars more for their family” (smith 3) The minimum wage
Why we Should Raise the Minimum Wage In Kevin A. Hassett's essay which appeared in American Enterprise Institutes online issue March 10, 2013 , '' Why We Shouldn't Raise the Minimum Wage'', he responds to announcement proclaimed by President Obama, in his 2009 State of the Union address, regarding the minimum wage. '' In the wealthiest nation on Earth... no one who works full-time should have to live in poverty.'' President Obama 2009 . Hassett believes that the President's resolution to raise the minimum wage would prove to be counter effective. He does not believe that it will solve the , present and worrying issue of poverty in the country.
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.
Imagine there is a standard, a standard that all labor, service, and other unskilled sectors of employment adhere to. That standard is to only pay the minimum compensation for their employee’s time. Many people, in America, know this as minimum wage. Minimum wage is not sufficient for any person working full time, a 40-hour workweek, to have a large enough income that is considered a living wage or even an income that provides the standard of living. There are two economic principles that are relevant to this topic.
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.
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.
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.
A minimum wage was created so employees would receive a fair pay for the job that is being done. But, there is a limit to how high the minimum wage should reach. Raising the minimum wage can cause a great deal of issues in America and put a gross amount of people at a disadvantage. Many citizens in America believe the minimum wage should be higher, but the solution is not to have a higher minimum wage.
When a higher minimum wage is enacted the effects will be different for companies, industries and the labor market in general and we will also have different effects on the employment market. The main effect and impact will be for low paid jobs particularly in industries like food, restaurants and retail. This topic is very controversial and has supporters and deniers on both sides of the political and the economical world. I support the increase in minimum wage and I believe it should be linked to the inflation and the living wage.
Workers across the United States wish to raise the minimum wage to ten dollars. Minimum wage should not be increased because people who work at fast food restaurants should not get paid as much as someone who workers harder than they do and it would not be a benefit to the people of the United States. Minimum wage means you get paid the minimum you can receive for working every hour, why wouldn’t an individual want to get paid at the maximum limit they could earn instead? Employees who would like to get a higher income need to get a more professional job. There are plenty of fast food restaurants in every state and they are always hiring full-time and part-time jobs, but shouldn’t adults work somewhere with more benefits, such as a hospital or a school?
This would make it where people wouldn 't have to live paycheck to paycheck. Raising the wage slightly would also make it so the price of goods wouldn 't have to be raised. The 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. This raise increase would be easy to implement and would help the economy. By implementing this new minimum wage many problems in America can be solved.
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.
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.
With the thought of minimum wage being raised the nation has to think of the upsides and the down side. For me, however, there is only a downside. If the minimum wage was to be raised to 15 dollars and hour, then the cost of living, food, and many other factors of everyday life would also increase in price. When the cost of everything else goes up, then many people would want the minimum wage to follow the trend and increase even more.
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