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The impact of education in our life
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In other words, many argue that raising the minimum wage would bring those in poverty above the poverty line. However, raising the minimum wage will only cause inflation. In reality, educating the lower economic class is the only way to raise their standard of living and will not cause inflation. Raising minimum wage will also cause companies to hire less employees or even terminate workers to save money. Also, raising the minimum wage is not fair for those who work hard to earn a type of degree and get paid almost the same as those who did not earn a degree in education. Working as a nurse’s aide and getting paid one dollar more than McDonald’s employees is unfair. We have studied to earn a degree when all they did was learn how to make McDonald’s …show more content…
When the minimum wage is raised, salaried and hourly employees also expect pay raises. They assume that since their minimum wage colleagues receive a pay increase, they should as well. They also expect the original pay differential to remain intact. These concerns from higher level employees do one of two things. They either force companies to raise their wages, or hurt morale and create a poor working environment.
Raising the minimum wage also forced companies to cut back on training, perks, and bonuses. This hurts productivity and causes output to diminish, further reducing profits. Raising the minimum wage directly impacts businesses, their net income, and overall ability to grow. And it goes without saying that when businesses suffer, the economy does as well.
Raising the minimum wage will not solve the poverty problem and will in fact distract our leaders from focusing on solving the issue in substantive, creative, and productive manner. Throwing more money at poor people does not solve their financial problems. Better education and better jobs
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A majority of the low economic class can apply for financial aid and scholarships. Financial aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses. Such aid is usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations. For example, Hutchinson Community College offers many scholarships that will help for college, pay your way Applying for one is not difficult, as long as you meet their requirements. Most of their requirements are to have a high GPA, high grades, or earn a high score on your ACT (American College Testing) test. They are going to help with $1,500 for every year, and for the costs of the books, when myself, attends this coming fall. There are also other scholarships that your community may offer. The web also offers millions of scholarships that you could fill out. Every year there are thousands of scholarships not being claimed and that is because most people think they do not have the chance to compete with others but you will only find out if you apply for them. However, the only true way to a higher and more favorable standard of living is education. A higher education for parents will also set a higher standard for their children and will be tremendously effective in how successful the children grow up to be. A child who
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.
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”
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.
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 ...
They may argue that jobs and benefits could be cut and could reduce desire for career advancement, but they are wrong. The Congressional Budget Office projected that a minimum wage increase from $7.25 to $10.10 would result in a loss of 500,000 jobs. In a survey of 1,213 businesses and human resources professionals, 38% of employers who currently pay minimum wage said they would lay off some employees if the minimum wage was raised to $10.10. 54% said they would decrease hiring levels. People get laid off from jobs every day due to money budgets, lack of professionalism, or illegal actions. Companies do what’s best for their investment regardless, if minimum wage goes up or not. Whether they were to lay off people there will be extra workload divided among the employees left, which is more than they are getting paid for. That could lead to the company having to pay their employees
Raising the minimum will end up hurting Americans more than helping them. The people that are for raising minimum wage are people who believe that increasing minimum wage can help those people who are unskilled and need an income they can live on. Yet, raising minimum wage would do the opposite and make employers have to fire people who earn minimum wage, because they can't afford the higher wages. People need to realize that increasing the minimum wage would hurt people more than help them. In the end increasing minimum wage would result in some people being let go, for the reason, businesses can't afford paying them minimum wage anymore.
A raise in the minimum wage is only a temporary solution to fixing the problems in the United States. The federal minimum wage was introduced in 1938, during the Great Depression, and has already been increased 22 times. There are already 19 states that pay their employees well over the federal minimum wage. The highest minimum wage in the United States is in Seattle, Washington, and is set at fifteen dollars an hour. Interestingly enough, if minimum wage followed inflation, then it would be set at $4.24 an hour, which means it is already $3.01 over that amount that it should technically be (James Sherk 2013). Continued increases of the minimum wage in the United States need to be stopped as it will result in devastating impacts on low-skilled
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...
By raising the minimum wage, it would stimulate the economy in many ways. It would “increase the purchasing power of many workers whose wages would also go up” according to the article Raising the minimum wage: Guide to Critical Analysis. Another way that it would help the economy is that it would decrease the amount of people that would need government welfar...
There is never enough money in the world. Some people get greedy and just want it for things that make them happy. Others do not have enough and cannot live a happy, healthy life because of the lack of money. One solution to this problem would be to raise minimum wage. Another solution is to set a yearly raise for all workers rather than one big jump from $7.25 to $10.10. This has been debated for sometime with no outcome. The pros and cons of this debate butt heads with facts, opinions, and reason. One says it will increase employment, another says it will not change employment, and the last says it will decrease employment. Along with changing or not changing employment, raising minimum wage would pull people out of poverty and help others
Most people do not dream of working the rest of their lives on minimum wage, but this is the harsh reality for many Americans. Minimum wage was set for workers, so they will not get under paid. Over the recent years, people are wanting to increase the minimum wage to put more money in their budget. That it will help bring people out of poverty and into a middle class citizen. Thus, this might be possible, but many say not without some serious consideration. There will be many consequences with increasing minimum wage. Although increasing minimum wage will give workers more money, minimum wage should not be increased because it will increase prices, cut jobs, and hurt national budget.
The profound idea of increasing the minimum wage on a federal scale is a commendable cause, however the very concept is flawed. The Federal government employed minimum wage laws for the very purpose of “preventing businesses from hiring workers for hourly wages that fall below a specified level” (Gale Minimum). Yes, this will achieve just that, although it would implement significantly more complications than actual improvements. Rather than improve things for those below the poverty line, increasing the minimum wage would only push them further down. The reason for this is “because of its adverse effects on employment and poor ability to target workers living in households below the poverty threshold” (Edwards Negative). Increasing the
Abstract Many people live poorly due to low incomes. It is every government’s major obligation to ensure that their subjects are living a good life. Poverty line is determined through a proper analysis of an individual’s or family’s earnings and spending. Arguments always arise when it comes to raising the standards of the masses. For the discussion at hand, minimum wages seem to have a major impact on the people’s life styles.
Raising the minimum wage will prove to be detrimental as it will take away opportunities for 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 force.
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