Raising Minimum Wage

There is a lot of controversy over whether the minimum wage should be increased to 15$ an hour in all states. Proponents say that current wages in America are not livable because inflation is way higher than the current minimum wage; Minimum wage was 1.60 in 1968, which is equal to 11.60 today. Opponents say that many cannot afford this, will have to close down, make cuts, raise prices and lay off people because they will need to pay them more. Most economists believe that that high of an increase would hurt job growth. I believe that Increasing the minimum wage to fifteen dollars an hour nationwide will do more harm than good. Raising the minimum wage to fifteen dollars an hour nationwide is too big of a jump and would just cause businesses to cut off workers, force small businesses to close and increase inflation.

The controversy over minimum wage has been ongoing. However, as explained in a Time article by Chris Lu on the subject, now is the prime time to raise the federal minimum wage. “Three out of four Americans support an increase; the economy is healthy; and many employers are already raising wages.” It’s reasonable to be worried about the consequences that raising the minimum wage might have in a time of crisis or unrest, but this quote mentions a healthy economy that would be able to handle the shifts in wages if things went south temporarily. Another argument made by opposers of raising the minimum is that businesses will be unable to survive. On the contrary, a good business will find it beneficial. “‘It’s a simple, but critical, concept: take care of your people and they will take care of your customers.’ For &pizza, higher wages reduce employee turnover, increase productivity and improve customer service.” Rather than hurting the economy, raising the minimum wage will help workers, business owners and the economy itself. A higher wage for all is

With the minimum wage set at $7.25 dollars per hour many people are struggling to make do. The average cost of living in America is too much for people, who make minimum wage, to make ends meet. It’s thought that raising the minimum wage will have a negative effect on the unemployment rate but there has been no evidence of that. The value of the minimum wage has dropped immensely since 1960. Raising the minimum wage will be beneficial to America and its citizens. In 1968 the minimum wage was equal to $10.74 today. That means in 50 years the purchasing power of the minimum wage has diminished. From the end of WWII upto 1968 minimum wage was on pace with the average worker productivity rate. If this trend was true from 1968 to today and worker

The debate over raising the minimum wage has been a hot topic ever since President Obama introduced the bill at the 2014 State of The Union Address. He intends to raise the minimum wage from $7.25 to $10.10, an increase of over 40%. While the President claims this idea to be beneficial to the economy, studies show otherwise.

The minimum wage has always been a crucial part of American economics, being a hot topic for debate. Recently, the idea of increasing the minimum wage to $10 an hour has sparked a great deal of controversy. These debates have jumbled American politicians and citizens around, trying to decide what they believe is the best way to approach the topic. Most Americans believe that the minimum wage should be increased, according to Pew Research Center, 33% favor and 40% strongly favor this raise. This can cause problems for many people without them realizing the consequences. The increase in minimum wage to $10 an hour would be detrimental to the United States economy, if passed it would result in increase of costs for businesses, unbalance of the

As the cost of living is raising every day, it is really important to raise minimum wage as well. Through the years, there have been questions about this topic, but no changes have been made. Some people do not realize the importance of minimum wage or even its history. It is a real struggle for many people because they are living in poor conditions making around $200 a week. That is a real struggle for those trying to provide for their family. They have a really hard time trying to make it till the end of the month. They are afraid and worried at the same time because they cannot pay their bills in time or even go to the doctor if they get sick. Increasing the minimum federal wage could make a difference for those living in unfortunate conditions.

“Raising minimum wage doesn’t just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the scale. Let’s get the facts straight, only twenty percent of people making the minimum wage are teenagers. The rest are hard-working adults, many of them have families, and I mean hard-working” (Biden). Studies have shown that increases in minimum wage prove that the public is overall safer and healthier. Many reports show that seven dollars and twenty five cents, the current minimum wage is a “startvation wage” and is not enough to keep families out of poverty (washington). Minimum wage in Illinois should be raised to benefit the people.

A very controversial yet interesting issue today in the United States is minimum wage if it should be increased or not. While some want to raise minimum wage to the living wage, minimum wage should not be raised because it increases low skilled worker unemployment, increases the Cost of goods/services,and Cuts back on work hours.

Who knew that minimum wage could save the world and the people in it? The last time minimum wage was raised on July 24, 2009, and that when it rose from $6.55 to $7.25 per hour, How have we been living on $7.25 this long? We haven't been living on it we were trying to survive and a lot of people can’t survive on a minimum wage that low. Raising minimum wage to an amount that could actually let people live comfortably would help the economy and a lot of people who struggle in this economy. This is not all that can help but raising the minimum wage can be the start of a lot of problems that deal with job growth, reducing child neglect, and poverty.

During the 2008 Global Recession, the employment rate for young adults and low skilled workers disproportionately, and once the recession had eased the employment gap based on education worsened significantly. In 2016 Presidential election raising the minimum wage became a key policy issue for the Democratic Party to help give those workers who were hit the hardest during the recession a much needed income boost. During the 2016 Democratic National Convention the Democrats agreed to add a $15 minimum wage into the party’s platform, taking a pivotal step sought by Vermont Senator Bernie Sanders and labor Unions. When it comes to raising the minimum wage and what it would do to U.S. employment, prices and productivity. Economists are willing

When people get a job they think that they should be able to afford to financially support their families; however, this is not the case for so many hard working people. There are plenty of people who opposite the raise of 15 dollars an hour, yet there reasons are unsound since just like the business owners try to get their employees are trying to support their families. Many think that raising the minimum wage would hurt businesses, yet how can businesses grow if people do not have money to spend on those businesses. People need to have extra money in order to be able to spend more money and help the economy. Increasing the minimum wage helps many people be able to survive.

Like I’ve said, the minimum wage in 2012 would have been $21.72 if it kept pace with the income growth, “goods and services have increased a lot but the minimum wage has remained low.” With minimum wage increasing workers will be able to own a home and support a family of four. Minimum wage staying where it currently is, working wouldn't be able to afford goods which would lead to an increase in poverty. Proponents of raising the minimum wage to a living wage argue that doing so would give workers and their families a better chance of climbing out of debt and poverty.” One of the most important reasons why the minimum wage will be a tremendous help to America is because it will decrease the unemployment rate and will help millions of people get out of poverty. Like Michael Reich informs that increasing the minimum wage will “lift nearly one million people out of poverty” and help them afford to have a roof over their head. When getting “a higher minimum wage, [it will] induce some automation and slightly higher prices, it [will] increase worker’s productivity and increase workers' purchasing power.” This is what increasing the minimum wage will do to minimum wage workers who are on the edge of going into poverty. Also, for productivity to improve, “a modest increase needs to happen which will reduce

Imagine you're a single mother working long hard back to back shifts every single day for only $7.25 an hour and still not have enough money at the end of the week to provide food or clothes for you and your kids. Or imagine you're in college Student have homework every night yet need a job to pay for your tuition at the end of the semester only make $7.25 an hour with limited work hours. Hard to pay for just your priorities with nearly an unlivable wage for even a person who is self reliat. A higher minimum wage could help working families, students, businesses, and our economy as a whole to recover.

The minimum wage is a topic which has been heavily discussed amongst the people of the United Kingdom. Some think it should be lowered, some think it is at the right amount and others think it should be increased. I was shocked when I found out what the minimum wage was as I thought how could anyone live on such a little amount. I thought how could anyone afford to pay all of their bills and everything else on top of that like food and clothes. But then I looked into it more and I realised that the minimum wage is at that amount for a reason, these reasons are ones which I agree with.

This is an effective way of increasing the incomes of the low paid, and therefore reducing wage inequality. Currently, the national minimum wage is $7.25, however some states have a higher minimum wage, with DC being the highest at $10.50 and Georgia and Wyoming being the lowest at $5.15 (“State”). The problem is that it may regrettably cause unemployment as employers may not be able to afford the workers, having an adverse effect. By raising the minimum wage, this will be an incentive, create jobs that will reduce unemployment, one of the significant causes of poverty. Remember, that even with growth and job opportunities, there will still be unemployment due to lack of skills and jobs that no one wants to do