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Why should we not raise the minimum wage
Positive and negatives on raising the minimum wage
Why should we not raise the minimum wage
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Currently, Ontario has the policy of raising employee' salaries to a minimum, it aims to help employees have more money to pay for the things needed in their life. However, the results are contrary to the initial expectations. Some negative issues have arisen later, such as many demonstrations have taken place between the authorities and the companies, reducing employee hours or making the company less profitable. Consequently, raising the minimum wage creates some difficulties for business owners. First of all, in the article of Mark, when the decision to increase wages applies, businesses are suffering a serious issue that is the reduced profits. . They have to pay for job insurance, the Canada Pension Plan, administration, other remittances,
"Plain and simple, Congress must act to meet the needs of our constituents. We can do that by strengthening families and increasing the minimum wage."
Understanding the basic concept of minimum wage is important for every single individual. We all live in this world together, and it is obvious that there is an order. In order to continue our lives and afford our basic needs, we all need to work and gain wealth. As the old adage says ‘‘There ain’t such a thing as a free lunch. ’’
The article discusses the minimum wage has not kept up with the current cost of living, and that it is
Mascella, A., S. Teja and B. S. Thompson. "Minimum Wage Increases as an Anti-Poverty Policy in Ontario." Canadian Public Policy 35.3 (2009): 373-379. Print.
"When we talk about the kind of folks whose lives will be made better by raising the minimum wage, we're not talking about a couple teenagers earning extra spending money to supplement their allowance. We're talking about providers and breadwinners. Working Americans with bills to pay and mouths to feed."
Therefore, raising the minimum wage is beneficial to the economy as it creates jobs and raises the income of millions of people across United States and Canada. The government needs to raise the minimum wage as it raises the income of people, which saves the taxpayers money and allows it to be used on things such as schools and fixing roads. Also, increasing the minimum wage creates wage growth, which helps grow the GDP, as people have more disposable income. Lastly, increasing the minimum wage reduces the wage gap between the CEOs and working class, with the purpose of distributing more of the profits to the working class to help pay for health care and education. In today’s world of capitalism, there should be a cap on how much one can make in a year in order to help the working class, who ultimately help keep the companies in business.
"Raising the minimum wage will benefit about 28 million workers across the country. And it will help businesses, too - raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities." -- President Obama
Barrack Obama’s State of The Union Address of 2013 caused a controversy that is still a relevant debate topic. Live from the United States Capitol, Obama clarified his perception on the minimum wage in America. Obama insisted that minimum wage should be increased because it would be a means of social justice to many Americans. Many Americans live in poverty and Obama believes that raising the minimum wage would assist some Americans to remove oneself from living in poverty and assist the economy from disintegrating. After hearing Obama’s State of The Union Address of 2013 and reading many articles concerning the raising of minimum wage, I believe minimum wage should be raised because it would decrease poverty, keep individuals from under the table jobs, and cause a decrease in taxes.
Having minimum wage causes many people to become jobless all so a certain amount of people could live comfortably. Cooper believes that today’s workers are “stuck in jobs that pay so little they struggle to afford basic necessities.” Yes, some people may have trouble affording basic necessities, but at least they have some money that will help them out even if it’s just a little. A low paying job can make a difference between having nothing to eat at all or three small meals every day. If minimum wage increases, than the lives of many people would become even more difficult, and unbearable. A job that pays a little money is better than no job at all.
The wage determination system has moved from centralised determination through National Wage Cases towardst an enterprise bargaining framework. Safety nets are there mainly for low paid workers who are unable to secure wage increases under enterprise bargaining. There has been sustained moderate wage increases, low inflation, strong productivity growth and employment growth. This system appears to generate the best of both enterprise agreements and centralised wage determination.
Since its inception, the minimum wage has been a hotbed for debate. If today’s leaders could manage to increase minimum wage, millions of families would benefit.
It has increased the wage for permanent employees from 2.7 percent to 2.9 percent. If the minimum wages get increases, it will directly affect the economy of the country because low-level people will also be able to spend more and the flow of money in the market will be high, if the flow of money will increase, it will affect the economy badly as it increases the inflation in the economy also. The increase in wages and decreasing in the unemployment level will lead to increase in the real labour income as shown in below chart. (Benjamin Tal,
The article mainly focuses on comparing several recessions in Canada and the consequences faced by the workers during the economic situation. “Entre octobre 2008 et octobre 2009, l'emploi total a diminué de 400 000 ou de 2,3 pour cent, tandis que le taux de chômage a augmenté, passant de 6,3 pour cent à 8,6 pour cent” was mentioned by the author in the article (La Presse Canadienne, 2009). The author in the article remarks that the unemployment rate had increased during the fourth quarter of 2008 till second quarter of 2009. The Canadian recession had affected over 218 000 jobs during the period of October 2008 till October 2009 (La Presse Canadienne,
In 1997, after ejecting the Conservative Party at the elections, the Labour government made the introduction of a minimum wage its first priority. As a result of the National Minimum Wage Act of 1998, the Low Pay Commission (LPC) was established. This commission is an independent body composed of 9 Low Pay Commissioners representing the different social partners with people chosen amongst employees, employers or with an academic background. The comm...
“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”