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Positive effects of increasing the minimum wage
Positive effects of increasing the minimum wage
Positive effects of increasing the minimum wage
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Kids in Low-Income homes have a dropout rate of 10%(Dropout Statistics). The higher the income in the family the lower the that percent gets. The minimum wage is a long talked about topic, though not very much has been done about it. Many still believe that raising it will help our economy and keep people from resorting to unwanted measures to keep their kids in school and food on the table. Although some think that raising the minimum wage will hurt more than it will help, it should still be raised because,its not enough to support a family or a couple, it would bring many out of poverty, and raising it would bring the rate of crime down. Earning minimum wage is stressful enough, working full time and still living paycheck to paycheck. Now …show more content…
Our country is based on greed and war, and we shun the people that aren’t like us. We blame the poor for our problems, the full prisons, and keeping us from being the great country everyone wants. We can’t blame the poor, if we aren’t doing anything to help them. They find there own ways to support their family. Raising the minimum wage will bring many out of poverty, it will create a domino effect. Raising the wage, will affect 332,600 people in just iowa alone, millions across the entire United States(State Minimum Wages). reducing the amount of people in poverty by increasing the amount the people in poverty make while working. Living in run down houses or “shady” neighborhoods because you can’t afford any other house or apartment. People under the age of 20 may be paid 4.25 for the first 90 days of employment (State Minimum Wage). When the wage is raised hopefully will the 90 day minimum wage. With our country pointing finger at everyone but ourselves we find that would rather blame others for our lack of compassion. the people of our “great” nation need to realize the starving, poor, and the hurt of our own
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.
Minimum wage is a topic that has been popping up since the 1980s. From whether we should lower it, or even raise it, but now in the 2000s minimum wage has been the center of attention more than ever. There are two sides to this topic of minimum wage; whether it creates more jobs or does not create jobs. Those who argue that raising minimum wage will create more jobs will have a rebuttal which is that it does not only cause the loss of jobs but that it would make things much worse and vice versa for those arguing raising minimum wage will cause loss of jobs. There will be two authors representing opposite views, Nicholas Johnson supporting minimum wage will not cost jobs with his article “ Evidence Shows Raising Minimum Wage Hasn’t Cost Jobs”
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.
In recent years the minimum wage has been a heated topic. People want to hike it up to 15 dollars an hour which they call a living wage, while others just want to keep it the same. There are also others that suggest to bring the minimum wage to around $10.78 an hour, which should be around the minimum wage now if we account for inflation from the 1960’s. I agree with that to a certain point. We as a nation need to bring up the minimum wage only up to ten dollars so that less people are living in poverty, and not any higher so that states with smaller economies don 't crash and burn.
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 ...
Let’s just say you have t wo children, you are a single parent and are reliable for everything in the household but only making minimum wage. Do you think you would be able to handle the pressure put on you and provide? Well, there are many single parents out there with children and a lot of those families are living in poverty because of the lack of money reachable to them. With wages being as low as they are it makes it harder on those parents because money just do not grow on trees. The minimum wage should be raised due to the many people in poverty already and not all people get paid what they deserve.
"The rich get richer while the poor get poorer." This quote was originally stated in William Henry Harrison's 1840 speech but sadly enough can still be used today to describe our economic downfall and crisis. With California currently holding a minimum wage at $10 many argue that this just isn’t cutting it anymore. One of the only ways to live prosperously on this income is to work, relentlessly, day in and day out. With many people living day-to-day and paycheck- to-paycheck, it is safe to say that the place minimum wage is right now is not working for most of the nation. With our developing economy, standards of living, unemployment rate, and debatable employee morale, it just seems right to increase the minimum wage.
Some think that the minimum wage should not be raised, but others think that the minimum wage should be raised. If one had to be chosen, raising the minimum wage would be better. The minimum wage should be raised because if you were to work full time on minimum wage, you are below the poverty line; Also states that did raise the minimum wage above the federal standard have had more job growth than states that did not. Finally, "Minimum wage workers are much more likely to immediately go out and spend that extra money in the economy," says Heidi Shierholz of the Economic Policy Institute, which favors raising the minimum. "That's because they're often living paycheck to paycheck."
It is very difficult to live in America if you are living off of minimum wage, and many Americans are living off of it today. Raising minimum wages has its benefits like gaining more money to live better, but people do not see the down side of the increases in wages. With the increase in minimum wage, it also causes the cost of living to increase. How can this help the economy or help people? Minimum wages in America should not be increased because it will cause cost of living to increase, reduce employment, and cause businesses to lose money and workers.
Lets put this into perspective. I go to school for several years and pay thousands of dollars to get a degree so that I can have a decent paying job. A majority of entry level jobs with some type of specialized training start at a pay anywhere from $10-$19. I start working for a company in an entry-level position and they offer me $14 an hour. I take the job considering it’s a plesant way to get a foot in the door and my previous job only paid me $7.50. I doubled my pay, but I knew this wasn’t going to be my lifelong standard of pay. I have worked for a few months and one morning as I watch the news I hear that all minimum wage workers are now required to be paid a minimum of $15. I realize that since I make twice the amount of the minimum wage that I don’t qualify as being in a minimum wage position. I still bring in less than the minimum wage workers now and I get angry and question the reasoning for all the hard work I suffered through to get to where I am. My boss doesn’t want to lose all of his workers so he has to raise all of his worker’s pay to the new ratio. If we change the amount minimum wage workers get paid we have to change how much the skilled
The Benefits of Raising Minimum Wage If the minimum wage is increased, will that affect our society in a negative or positive way? “The immediate benefits of a minimum-wage increase are in the boosted earnings of the lowest-paid workers, but its positive effects would far exceed this extra income” (Cooper & Hall, 2014). In our nation now a lot of lower income workers are treated unfairly. They are giving a treatment of worthlessness, and this needs to change because it affects our nation. This treatment is very unethical everyone deserves fair pay and respect because a lot of the time they are out there trying to provide for their families and themselves.
Raising the minimum wage will prove to be detrimental as it will take away opportunities from high school students to gain insight and explore different career options. Additionally, it will also reduce the unemployment rate, making it harder for the working poor to meet their basic needs in order to survive. Thereby, raising the minimum wage is not a feasible option because it will only deteriorate situations for the labor
In the 2014 State of the Union address, President Obama called on Congress to raise the national minimum wage from $7.25 to $10.10 an hour, and soon after signed an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts. An increase in the minimum wage has been a topic of discussion for many years now, and it looks like this year will finally see the first increase of minimum wage in 10 years. Not everyone agrees that there should be an increase, but many states have already raised their minimum wage rates because of the federal government’s inaction. Iowa raised the state’s wage, and it will rise again in 2016. Clearly there are benefits to a higher minimum wage; the current minimum wage in the United States should be raised because it helps the economy by increasing employment, and it is now at the lowest value it has been in more than 50 years, causing hardship for earners of minimum wage.
In America, there is a high percentage of homelessness and people who are in poverty. So if the minimum wage is rising it will help to reduce poverty for families living in homeless shelter. It will help assist students financially through college by managing their cost of tuition, housing, food, and fees. In contract, in the article “Reducing the Minimum Wage.” James, Skerk. “Skerk James’s story; “who is the follow in labor policy at the Heritage Foundation, argues that raising the minimum wage will not stop poverty. Instead, it will push employees to cut hours and give less job position to low-income workers. If a employees is making a lot of money there is no way for them to cut off hours. That along will motivate workers to put more time and effort in their work so they can be eligible for benefits at their work place. So if rich and poor making enough incomes their will be no differences of categorizing rich from