Should Minimum Wage Be Increased

Minimum wage has been around for ages. Minimum wage employment was a temporary condition for people earning little payment until they moved on to a better paying job. These jobs helped build résumés, experiences, and skills for a better career. It has become the easiest way for people to receive easy pay. As years went on that idea began to demolish into a job that many families can get to survive and pay for their expenses. There have been many arguments going on, "Should minimum wage be raised or should it be lowered or eliminated altogether?" This action has its pros and cons. It can benefit many families as living cost has gone up, price for education is rising, and college students are in huge debts. It may increase poverty, but those

Overall, 73% of people favored an increase in the federal minimum to $10.10 an hour, mirroring a Democratic-backed proposal that failed to move ahead in Congress last year. But while large majorities of Democrats (90%) and independents (71%) said they favored such an increase, Republicans were more evenly split, 53% in favored and 43% opposed. About twenty-nine states, including the District of Columbia and may cities and counties, have set their own higher minimum wage. According to the National Conference of State Legislatures state hourly minimums range from $7.50 in Arkansas, Maine and New Mexico to $9.47 in Washington state.
According to the principles of economics, as the price of a good increases, the demand for that good decreases, given that everything else is held constant and the demand for the good isn 't perfectly inelastic. For example, let 's say you were a smoker and you normally smoked 2 packs of cigarettesadayatapriceof$4.00apack. If overnight the government imposed taxes of $6.00 per pack on your cigarettes, would you continue to smoke two packs of cigarettes a day at $10.00 a pack? Even if you were extremely addicted you would probably cut back on how much you smoked because of the new increase in price. You might even substitute chewing tobacco for these high-priced cigarettes or be forced to find a new

Many people who have been working for minimum wage since they were young would have low self-esteem. They believe that they are not qualified to do a high end job or even move up in the ranks. When it comes to getting workers to give it their all, it is a big challenge, especially if they already have that mentality. Also having to keep workers for long periods of time and trying to maintain cooperating teams of employees can be difficult, because the pay does not encourage them to do the job well or stick around. However, many will argue that it will reduce the desire for career advancement, but people are more likely to want to do better when there is something to look forward to. Increased minimum wage could improve worker