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Raisning minimum wage argumentative essay
Raisning minimum wage argumentative essay
Effects of increasing the minimum wage
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Should the minimum wage be increased? Recently, many people have been arguing if the minimum wage should be increased and the repercussions in raising the minimum wage. The reasons we have a minimum wage is to protect workers from being given an unfair amount of money for the work they do and to protect them from poverty. Throughout the years, the minimum wage increased many times. The minimum wage was increased to help keep up with inflation in the past. Some economists argue that when the government raised the minimum wage, it had negative effects on the economy. Others argued differently by telling people that more people got jobs rather than lost their job. Raising the minimum wage can make finding jobs harder for people, people can loose their jobs when employers cannot afford to keep them and the unemployment rate will increase for people without a higher education after high school. When the minimum wage increases, employers may be reluctant in hiring more people since the new employees will be making more money. Some employers will have to cut hours, so people can still have a job. This will cause people to make less money than they already do. Some employers will cut an eight-hour workday into a six-hour workday and make the employees have more job duties than they already do. Robots will …show more content…
People will have less money to spend on groceries and other basic needs. People’s bills will increase, and the cost of paying someone like a plumber to stop by and fix a pipe will increase dramatically. Since more money is available to the public for spending, the more business owners are going to want to increase their prices. The government would tax people more. The minimum wage increase could bump people up into another tax bracket if they are using the minimum wage job as a second job, so every paycheck would be less since the government will collect more tax money and people would have to pay more for goods and
Should the minimum wage increase? Well, raising minimum wage both has 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 advocates raising the minimum wage will grow the economy for everyone. In 2014, the president of the United States, Obama, called the current Congress to raise the national minimum wage, which proves that Obama is 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
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”
Should we have the minimum wage rise? Nowadays, many people argue that we should increase the minimum wage because we haven’t had an increase since 2009. People who are living on the minimum wage struggle a lot raising their families. (Webster) Minimum wage means the lowest daily or monthly remuneration that employers may legally pay to workers. On the other hand living wage means the minimum amount that a worker must earn to afford his/her basic necessities, without public or private assistance
There have been many arguments going on whether minimum wage should be increased. 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. Minimum wage has been around for ages. Minimum wage employment was a temporary condition for people to earn little payment until they moved on to a better paying job. These jobs helped build résumés, experiences, and skills for a better career. As years went on that idea began to demolish into a job that many families can get to survive and pay for their expenses. It has become the easy way for people to get easy pay.
Over the years the cost of living has been on the rise. Therefore, it is only right for minimum wage to increase as the cost of living increases. Many states and even some individual cities have taken the first steps toward raising the minimum wage. States like Washington and cities like San Francisco have already raised their minimum wage above the federal minimum wage. This is a very good start as it is becoming harder and harder for Americans to start and take care of their families. We need more states and cities to follow their lead some more Americans can feel more financially stable. This will make a better America for us all.
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."
Minimum wages go all the way back to 1938, during the great depression, when the stock market crash and bank loan were failing. Families need income of some type, were they wanted to make it fair were individual could get pay the same without a college degree. I am going to start off with a little about minimum wages history and how this could help our Economic.
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.
The minimum wage must be raised because the cost of living has gone up considerably. Education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years. Companies should be requied to pay workers what they deserve, and that is more than minimum wage is now. With our new technology and the technology in the future work is harder and more complicated. A minimum wage increase would raise the wages of many workers and increase benefits to those disadvantaged workers.
Raising minimum wage will provide safety and basic needs for minimum wage workers, and it will actually help the economy. Low incomes plague many homes of America. It can cause a family of four to live in a small one bedroom apartment, along with living in poverty. Raising the wage will put millions of workers into a safer, more secure situation. On average, a minimum wage worker makes $14,500 a year, or $7.25 an hour (Raise the Wage.)
When there is a surplus supply of labor, there is inefficiency in the labor market (Taylor, 2016). With employers unwilling to hire workers at a higher wage, the employers might seek out alternative replacements for their labor needs. This can come in the form of technological replacements or moving jobs offshore to countries with cheap labor. Another possible consequence of raising the minimum wage would be the employers passing their new cost directly to the customers by raising prices for goods and services.
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.
Advocates of a higher minimum wage insist that a raise would significantly decrease the unemployment rate in the United States and improve the quality of life. However, there are conflicting opinions on this. Higher minimum wage would mean higher labor costs for business owners, thus making it more difficult for employers to maintain the amount of workers they have, let alone add new employees. Raising the minimum wage does not increase the value of the worker's labor; it increases the cost of the worker's labor. As a general rule, the more something costs, the less it people will buy.
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.