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Positive effects of minimum wage
Positive effects of minimum wage
Positive effects of minimum wage
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There comes a time in someone’s life when they must get a job to support themselves or their family. For those who don’t have a college degree, a minimum wage job is the way to go. A federal minimum wage is the lowest hourly, daily or monthly compensation that employers may legally pay to workers. However if minimum wage is so low that someone can barely make an income, to support themselves or a family. Minimum wage is based on federal decisions. Some states minimum wage is more than the next. For example Florida’s is $7. 79 while Connecticut’s is $8.25 per hour. Georgia has the lowest minimum wage which is $5.15. The federal minimum wage is $7.25 per hour. Minimum wage should be increased because poverty will be reduced, it will be good for economic recovery, and provide more for families. However minimum wage raises are opposed by those who believe it will create more unemployment. About eight million Americans go to work every day, yet they are still living below the poverty line (Camden and Stern). More than one million of them are retail workers. If the minimum wage was to escalate, 734,075 people would be lifted out of poverty. Also the 769,191 people that are living on or near the poverty line would see their incomes go above it by 150 percent. These workers are struggling to provide basic necessities for their family and themselves. If minimum wage was increased poverty could be reduced. Most families are relying on government assistance to provide things such as food by using an EBT food stamp card and Medicaid because they are making minimum wage. Also if a minimum wage worker is only making $5.15 per hour, it will be impossible trying to afford health insurance. Sometimes the benefits workers receive don’t always cov... ... middle of paper ... ...the future. Not only will raising the minimum wage provide more money but the workers can supply more food, be able to pay all of their bills and spend more if the wage was raised by at least five dollars. It could also benefit college students that are trying to find a way to pay for their education. Over 88 percent of workers who would benefit are at least 20 years old and in college (Cooper and Hall 2013). On the other hand, increasing the minimum wage can also cause higher rates of unemployment. In conclusion, minimum wage workers need an increase in their incomes. They need more money to provide food, shelter, and other necessities for their family and themselves. Minimum wage should be increased because poverty will be reduced, it will be good for the economy, and provide more for families. Raising the minimum wage is also about reducing the inequality of it.
Imagine a world where you are working overtime, seven days a week, yet your kids are starving. You can’t get the education you need because you don’t have the time and money to afford it, and you can’t change jobs because this is the only one you can get. Unfortunately, this is the reality for millions of Americans living today. The federal minimum wage is too low to help families, and actually mathematically speaking, too low to survive on. The quality of life for minimum wage families is terribly low, and that is unacceptable. As humans, we should be looking after others and helping the poverty come out of their continuous cycle. Raising the minimum wage would not only help families be able to afford a better quality of life, but help them to afford healthy food, get an adequate education, and invest in the necessary health care they need.
Well, raising the minimum wage has both the pros and cons. Still, the fact that increasing the minimum wage nationwide would increase millions of workers’ earnings is deniable. I suppose that’s why some people advocate raising the minimum wage will grow the economy for everyone. In 2014, the president of the United States, Obama, called on the current Congress to raise the national minimum wage, which proves that Obama actually supports raising the minimum wage. ‘February 2014 Congressional Budget Office Report The Effects of a Minimum-Wage Increase on Employment and Family Income is the latest attempt to do so, in this response to Members of Congress with respect to an increase in the federal minimum wage from $7.25 to $10.10 per hour.’
One way raising minimum wage will be beneficial is that it could lift many Americans out of poverty. Raising the minimum wage in Illinois, would help the families of more than 1.1 million workers who work to meet their children’s basic needs and “reduce the adverse effects of poverty on a child’s well-being” (Fiscal Policy Center). Studies have shown that raising the minimum wage would help 1 in 5 Illinois families who are in poverty. By raising the minimum wage in Illinois, it would help workers with families spend money on food, housing, gas, and other needs without going into poverty. Along with puling Americans out of poverty, raising the minimum wage could also stimulate economic growth. Raising the minimum wage, is stimulating economic growth by worsening the income inequality and substantially reducing the employee turnover for the business. Increasing a person’s income would raise their yearly earnings by $3,640 and “Improve the economic security and reduce the economies poverty rate” (Fiscal Policy Center). Low-wage workers spend most of what they earn on their basic needs, which is quickly spent and does not leave the worker with much money left to spend on other needs. This boost in the minimum wage will stimulate the economy and help create opportunities for more people, by hiring more workers to keep up with the
Poverty continues to grow in America. The average minimum wage in the United States is $7.35 an hour- far too low in today’s society. Key expenses, for example, gas and housing prices, have gone up significantly since the minimum wage was last changed in 2007 (Wagner 52). The laws creating the minimum wage were intended to improve the standard of living and decrease poverty. Raising minimum wage is a vital step in decreasing poverty and giving every family the opportunity to survive and succeed. Millions of hard-working Americans are below the poverty line and need an increase in pay. Minimum wage must be raised because it will diminish poverty and assist the working class to support their families.
What is minimum wage? Minimum wage is the lowest hourly rate (dollars per hour) that employers can pay their employees. According to minimumwage.com Minnesota’s minnimum wage is $7.25 per hour but will be getting raised to $9.00 per hour. Minnesota’s minimum wage is a common rate among many states such as Texas, South Dakota, and Iowa. Oregon and Washington are states that currently have their minimum wage rate set at or above $9.00 per hour. For both of these states, raising minimum wage has not necessarily decreased the poverty line. Both Oregon and Washington are still among the top 20 states for high poverty rates while New Hampshire has the lowest poverty rate and also has minimum wage set at $7.25 per hour.
Minimum wage is a difficult number to decide on because it affects different income earning citizens in different ways. According to Principles of Microeconomics, by N. Gregory Mankiw, minimum wage is a law that establishes the lowest price for labor that and employer may pay (Mankiw 6-1b). Currently, the minimum wage in the United States is $7.25 per hour. For many years politicians and citizens have argued on what should be the minimum wage that would benefit the economy and society in general. A minimum wage was first established in 1938 to increase the standard of living of lower class workers. To discuss what is better for the country and its citizens, people have to understand what is a minimum wage and what are its effects.
The minimum wage today has a lot of issues; some people say it is not enough to live comfortably. Many agree that there needs to be an increase in minimum wages and by doing that it can help with our issues of poverty. Statistics show that a worker who is full time and earning minimum wage makes only $15,080 a year, which is under the federal poverty line for a family of two. (Gitis, 2013) The problem with that is $15,080 is not a sufficient amount that a person can live and grow on. “A family of two can consist of a mother and son or daughter, father and son or ...
“Man masters nature not by force but by understanding. This is why science has succeeded where magic failed: because it has looked for no spell to cast over nature”. From the beginning of time man and nature has been in conflict with one another because, as a whole, there is no cooperating. Each one tirelessly wants its way. The Man is fighting for dominance and nature w never yielding its authority. In American Literature, many authors illustrate this theme in their writing. Specifically the writers Jack London in The Law Of Life, Stephen Crane The Open Boat and Mark Twain’s Huckleberry Fin. Each explores the relationship between humans and nature but with slightly different methods. Mark Twain uses nature in a realistic way, Jack London in a naturalistic way and Stephen Crane constitutes a combination of both.
People that earn more than minimum wage have worked hard to get there, and they should be rewarded with a higher paying job because of the work they have done to get to their higher paying positions. People who are working minimum wage jobs and protesting for more money often do not put in the same amount of work as the people who have higher paying jobs. The reason why people want to raise the minimum wage amount are sometimes vague and unclear, but the negative effects of raising the minimum wage is very clear. Raising the minimum wage would cause inflation, decrease job value, lower job opportunities, and hurt smaller businesses. Although there are some alternatives to raising the minimum wage amount, raising the minimum wage is a dangerous cycle and there are more negative effects than positive
On the other side of the argument Americans believe that with the increase of minimum wages it would help Americans out a lot more. One possible way that the increase in minimum wage may help an individual out is in the article Minimum wage Pros and Cons, “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. Though this may be true, one problem
In May of 2006, Gallup Poll found that sixty-nine percent of Americans answered yes to the question "When a person has a disease that cannot be cured, do you think doctors should be allowed by law to end the patient's life by some painless means if the patient and his family request it?”. Assisted suicide is suicide committed by someone with assistance from another, usually a physician. Supporters of the Death With Dignity law believe that anyone should be able to take the lethal pill if he or she has a terminal illness and only has six months or less to live. This is legal in the three states of Oregon, Washington, and Montana. Assisted suicide should be legal in California.
What makes a good person good? According to WikiHow, "We should learn to define our own morals ourselves. One of the simplest ways to do so is to love others, and treat them as you would like to be treated. Try to think of others before yourself. Even doing small things daily will greatly enrich and improve your life, and the lives of others around you." This quote shows us what we need to do in order to be what society thinks as, “good". In order to be a good person, you have to do good and moral things in your society consistently. However people might think that by doing one good thing once in a while will automatically make you a “good person”, but in reality it doesn’t.
"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
For centuries, individuals called “missionaries” have journeyed place to place to achieve their goal of conversion. A missionary is a person strongly in favor of a program, set of principles, religion, etc., who attempts to persuade or convert others. A missionary can also be a person sent by a church into an area to carry on evangelism or other activities, such as educational or hospital work. There have been many periods of time throughout history in which these mortals have remarkably affected nations and formed them into what they are today, such as the state of Hawaii, the United States of America, and some countries in Africa. There are still many groups of missionaries existent today, continuing their work to convert people to concur with their beliefs. There are some people who believe that missionaries have good prestige on society. These people concur that these groups, or individuals, bring abundances of beneficial assets that advance a locality. While some argue that missionaries have a positive impact, missionaries are a negative influence on society because they bring unwanted dilemmas and often achieve their goal of conversion through physical coercion.
Minimum wage has been a topic that has divided our nation for a while now. Some say there should be an increase in the minimum wage while others say the should not be. In my Argument today, I will be in support for the raising of the minimum wage. If the minimum wage is to be increased, it will provide low-income family with money to spend. Furthermore, the more people spend, the better the economy so raising the minimum wage will boost our economy. And finally, raising the minimum wage will reduce the gab between the rich and the poor, which is also an issue in our nation.