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Argumentative essay on raising the minimum wage
Argumentative essay on the minimum wage
Argumentative essay on the minimum wage
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In the article, “Let’s Make the Minimum Wage a Living Wage” by Ira Knight, he argues how the economy would benefit from a minimum wage increase and he uses a lot of studies to back up his claims. Janice Steele, however, argues that raising the minimum wage will hurt small business and job opportunity. She uses fear to influence workers into not increasing minimum wage by making large generalizations. The article “Let’s Make the Minimum Wage a Living Wage” by Ira Knight and the article by Janice Steele “Keep the Minimum Wage Where It Is” both had good points. However, Ira Knight makes a stronger argument. To begin, Ira Knight used more credible studies and evidence to support his claim. For example, he wrote, “A 2011 study from the Chicago …show more content…
Federal Reserve Bank showed that increasing the minimum wage leads to higher consumer spending.” This means the economies supply and demand would increase resulting in a healthier economy. As the economy becomes better and supply and demand becomes stronger the number of jobs increase which result in a healthy job flow. Janice Steele doesn’t see it this way and says “While this seems like it would help them, increasing the minimum wage hurts the very people it is supposed to help: workers.” She uses no evidence and is talking about her own opinion on the subject rather than evidence to show she is creditable in this argument. In addition, Ira Knight goes into studies on how for every dollar the minimum wage has increased, the spending of households has gone up by $2,800 dollars.
Meaning that people have wanted things and now have the money to buy them, resulting households and families are now happy. When the money they make is increased and they can actually buy what they want that makes them happy. They actually search for jobs and show up for them. Janice Steele argues that small businesses will be hurt as they will have to downsize employees, but has no evidence backing it up resulting in a fear tactic over actual evidence. Furthermore, while Janice Steele says “A 2014 report from the Congressional Budget Office estimates that if the minimum wage were raised $1.75 more than 100,000 jobs.” This is a small amount of jobs compared to the amount of people’s lives that improve. As seen in Ira Knights research “A 2014 study from the Center for America showing that 3.5 million people would be able to get off of Supplemental Nutrition Assistance Program.” Hence, from just a minimum wage increase a large number of lives have been improved from such a small change. In conclusion, Ira Knight has used relevant and recent studies to back up his claim that he wants to make the minimum wage a living wage. While Janice Steele uses opinions and future events that have not happened, resulting in Ira Knight making a better
argument.
Many people against raising the minimum wage create arguments such as, “it will cause inflation”, or, “ it will result in job loss.” Not only are these arguments terribly untrue, they also cause a sense of panic towards the majority working-class. Since 1938, the federal minimum wage has been increased 22 times. For more than 75 years, real GDP per capita has consistently increased, even when the wage has been
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.’
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
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 ...
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 $22.1 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. Though this may be true, one problem
The minimum wage being too low has been a public issue in America for generations. Basically, the debate includes two different opinions. Firstly, people who want to raise the minimum wage, and second, people who would rather is stay the same. The overwhelming majority of liberals are on the side that favors a raise. Additionally, a somewhat smaller proportion of conservatives favor the change as well, but for different reasons. The liberal opinion on raising the minimum wage is based on the idea that putting more money in the people’s pockets, will stimulate the economy, and decrease poverty. The problem that conservatives and liberals alike have with this, is that a few direct consequences are proven to apply when raising wages. Some proposed consequences include unemployment, inflation, and unfairness to higher educated people. Another main point is that raising the minimum wage is thought to helps small business by increasing worker satisfaction. This issue of minimum wage has become increasingly popular and important in current times, as president Obama has proposed the idea of raising the minimum wage of contract workers to 10.10$ per hour (about a 30% increase from the current 7.25$ per hour minimum wage). A large number of people consider this wage hike unnecessary due to the fact that today’s value of minimum is higher than it has ever been since the 80’s, and because the wage hike comes at too high of a cost. All things considered, the issue of raising minimum wage is not a battle of political parties and their agendas, its really a debate between everyone.
The living wage is more and more being called a movement because the current federal minimum wage laws does not provide enough money for an individual that works a full time job to be able to support a family. Making them feel like they should not have to raise a family in poverty. Across the United States there are efforts to provide what is called living wages for workers which began with requiring all employers to pay at least the minimum wage to its workers that is equal to the living wage for the area (City/State) they are working in. The current minimum wage is set, depending on where you are living it can be up to several dollars short of what should be the living wage. The living wage movement is very active in full force forward
For many people in the United States, life is no more than a regular work cycle. Members of working class usually have a High School diploma and may work in a low skilled occupation or manual labor. Most of the enjoying age of this people is spent in working, as they don’t want their new once to have a life they struggling through. Therefore, this essay will argue that minimum wage should be increased federally to $15/hour by 2017. Firstly, if taxes touches the sky, why should the minimum wage be on the ground? Increasing minimum wages would also create new opportunities for education as the students wouldn’t have to work crazy hours. Likewise, many couples won’t have to work multiple jobs in order to manage the household. Lastly, it will lift
This is exposed by Patricia Smith in the article Time Magazine for raise Patricia Smith states that economic policy institute estimates that an increase of $2.85 in the minimum wage would boost wages for about 28 million workers and would mean an additional $6.000 of income a year for those working full time. (Smith 3) however , it can be clearly shown that minimum wage should not be increased. My three example is the food prices would be higher . Workers get paid less than they get now. Because of Family’s minimum wages are decreasing then what they
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
“Higher minimum wages make it more difficult for disadvantaged adults to find jobs. This hurt their finances. However, for those living below poverty line who keep their job, the raise provides little net benefit. Much or all of what they gain in higher pay gets clawed back as reduced benefits. According to Testimony Jobs and labors, “These benefits phase out at different rates as income rises low-income workers must also payroll (15 percent) and income tax (10-15 percent) on each additional dollar of income. Medicaid operates with a cliff: when workers’ income exceeds a certain threshold, they lose all benefits. Most minimum wages jobs are entry-level positions filled by limited education and experience. This article The Heritage Foundation shows that almost three-fifths of minimum wage workers have no more than a high school education. They work for the minimum wage because they currently lack the productivity to command higher
Many critics claim that that raising minimum wage increases unemployment, especially for unskilled workers, and harms small businesses, including grocery stores and restaurants. The argument declares that companies such as these rely mostly on unskilled workers for labor, and if the minimum wage increases, then their profits and, therefore, hiring would decline, creating a...
Minimum wage is a low salary given to a worker by an owner. In this 21st century, it is seen minimum wage as a debatable issue going on all over the world to battle with poverty. People from all the state of America as well as other countries are asking their salary to raise little up. Low Wage has affected all the people’s life in a severe condition. Due to the minimum wage, human being are not able to eat a healthy food, stay in a house, wear a nice clothe. They are dependent on the wage that they get from their work. Living a life in America is expensive in this period for the people who are living their life with a minimum salary. California has become the first state to choose law that will slowly increase the minimum wage to fifteen dollars per hour in 2016. Administration estimates are trying to increase the wages of people in the California. Labor leader of California, Jerry Brown is responsible to increase the minimum wage of people living in the United States of America by state wide. It is seen that
However, there are those who see it completely the opposite way. Stating that by raising the minimum wage the economy would be better. More people would be able to support themselves; therefore lowering the percentage of poor people and raising the middle-class numbers. It is also argued that this change would not increase the number of unemployment, instead it could potentially raise employment by creating more jobs. Holly Sklar states in her research article, “Research by Fiscal Policy Institute and others showed that states that raised their minimum wages above the federal level experienced better employment and small business trends than states that did not.”