04.02 Assignment 2

Improved Essays
04.02 Assignment

As election news sweeps through several media outlets, controversial topics fire up and are debated across the nation. The American people fire up their minds, reach into their stockpile of information, and begin to passionately fight for the matters that are important to them. One topic that has gained momentum is the fight for a higher minimum wage. There are many who support this argument but there are several that believe the opposite. Raising the minimum wage will help the economy grow and will help minimum wage workers by providing them a wage off which they can live. First, raising the minimum wage would help the economy grow over the course of a few years. While the length of time may seem like a long wait, it
…show more content…
The lesson even states that someone working full-time at a minimum-wage earning job would struggle making ends meet, and that they are below the poverty line for a family of two regarding their income. Not having enough money to live adequately can lead to other problems as well. Parents that work low-paying or minimum-wage earning jobs have trouble providing for their children; they lack the funds to buy healthy foods, they lack the funds to clothe children in some cases, and they lack the funds to help the child save money for college. Living a life in poverty or living a life of being poor is usually handed down to children as well, and they are more likely to be poor in the future (feelthebern.org). Third, many people believe that raising the minimum wage hurts businesses, and this is a big argument against raising the minimum wage. Research has shown that this is not true. As the minimum wage increases, the rate of employee turnover decreases. Raising the minimum wage encourages people to stay at their workplace for a longer amount of time. The decrease in employee turnover also saves business and corporations millions of dollars

Related Documents

  • Improved Essays

    In theory, raising the minimum wage sounds like a good idea because the current minimum wage is difficult to live off of, but overall the negatives outweigh the positives. Moreover, as the cost of labor increases businesses are forced to make tradeoffs including laying off less experienced workers. Along with this, many businesses would also be forced to raise the prices of their goods because with fewer workers, production would also decrease which could lead to a shortage of supply. Finally, although raising the minimum wage seems like a good way to decrease poverty the effects are minimal and it is likely that there are other courses of action that would be more…

    • 823 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Raising Minimum Wage

    • 244 Words
    • 1 Pages

    Poverty all over American can be reduced significantly. Raising the minimum wage would increase the economic activity and spur job growth. Increasing the minimum wage would reduce poverty. By increasing the minimum wage it will help pay for their bill, payments and their own personal needs and satisfaction. America's poverty rates has increased from 13.5% in 2015 to 15% in present day.…

    • 244 Words
    • 1 Pages
    Improved Essays
  • Great Essays

    An increase in minimum wage has short term benefits but long term setbacks. While raising the minimum wage is a good idea to help the low wage worker, raising it too much may end up hurting not only these workers, but the economy and everyday people alike. In my paper I am going to thoroughly analyze the effect of raising minimum wage in our society. I am also going to look at how the issue of minimum wage is covered in the upcoming 2016 presidential election. We rarely hear the candidates talk about their plans on minimum wage during this year’s election.…

    • 2588 Words
    • 11 Pages
    Great Essays
  • Improved Essays

    The minimum wage, as its name implies, should be the minimum amount of money paid to a full-time worker to provide the ability to live. The government is responsible for keeping the economy going and setting the minimum wage allows for all full-time workers to at least have a chance to spend money. It is within reason to expect that a significant raise in the minimum wage would decrease job offers because of expenses to proprietors. However, the money lost in potential customers is already impacting potential profit. Increasing the minimum wage means every full-time worker in the area affected will have more money to spend, meaning every company will have more customers, thus increasing sales.…

    • 198 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Minimum wage should be raised. The first reason that minimum wage should be raised is because it will increase economic activity. Low-wage workers are more likely to spend money on essential needs sooner. This will cause the demand for many businesses’ goods and services to rise as well. The result would be roughly…

    • 638 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    I am a little biased here. Personally, I think the $7.25 per hour is not sustainable. In my judgement, the people who immediately benefit from a minimum wage increase are those workers who hold on to their jobs after the increase. Subsequently, there is a case that could be made that it hurts businesses (lower profits) and the economy as a whole.…

    • 138 Words
    • 1 Pages
    Decent Essays
  • Superior Essays

    Minimum Wage Raising

    • 1369 Words
    • 6 Pages

    “Wealth begets wealth, and the lack of wealth perpetuates the same.” (Powell) People with lower paying jobs in the United States continue to suffer because of the living wage. Raising the minimum wage is one of the ways that the government is trying to confront this issue. Although raising the federal minimum wage for the people with low-income jobs would give the workers more money to live off of, raising the minimum wage would also cause issues for the rest of the people of the United States. Dictionary.com defines the term living wage as: a wage on which it is possible for a wage earner or an individual and his or her family to live at least according to minimum customary standards.…

    • 1369 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Raising Minimum Wage

    • 638 Words
    • 3 Pages

    There is a lot of controversy surrounding the minimum wage. Many believe the wage should be lifted to help low-income families out of poverty. Others argue that a higher minimum wage reduces overall employment and encourages reasonably affluent workers to enter the labor force. Minimum wage increases could often lead to employers hiring suburban teenagers to replace disadvantaged adults who need a job more than the latter. The minimum wage includes positions that are entry-level to gain experience and skills necessary to become a more productive worker.…

    • 638 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Minimum Wage Debate

    • 233 Words
    • 1 Pages

    One of the ongoing debates in the U.S. is the fight over minimum wage. Those that have studied and predicted the effects of an increase in minimum wage have voiced opinions on the positive and negatives. During my research on minimum wage increase, I have decided and increase would be an essential part in making the lives of U.S. citizens better. The flagship argument for an increase in minimum wage is it would, “increase economic activity and spur job growth”(Source 1).…

    • 233 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Increasing the federal minimum wage would increase the yearly salary of minimum wage workers. However, minimum wage should remain the same because the increase would cause businesses to close, increase the cost of goods, and increase unemployment and poverty…

    • 677 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Minimum Wage Debate

    • 872 Words
    • 4 Pages

    From an economic and social standpoint I do not believe it will be beneficial to raise the minimum wage. As I analyzed the data provided, it appeared that the cons outweighed the pros. For example, reduced levels of poverty appeared to be the major benefit supporters were using to justify raising the minimum wage. I am in disagreement with this claim due to the fact there has been a trend of increased poverty and inflation in the past as a result of increasing the minimum wage (Iowa). Increasing the minimum wage makes it more challenging for businesses and companies to pay their employees.…

    • 872 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Governors have already realized this and as a result have passed bills to increase their state’s minimum wage. Increasing the minimum wage will help families be more financially secure, therefore they will spend more and will stimulate the economy due to their increased activity. Opponents argue that raising the minimum wage will increase unemployment and will bring about other negative effects but that is not the case. The negative effects that arise as a result of increasing the minimum wage are minimal and it has not been shown that minimum wage increases unemployment. The U.S. needs to increase its minimum wage because that is what is necessary for a better life of its…

    • 1241 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    Raising minimum wage comes with an abundance of benefits. By increasing the minimum wage, there would be an economic stimulus. Raising minimum wage would generally mean that those who work for these wages would have more money to spend into small businesses, businesses in general and that putting their money back into the community would help the economic downfall (List). Along with this comes more job opportunities. If minimum wage is raised, people are able to spend more money.…

    • 1174 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Increasing the minimum wage could cut back on taxpayers billions of dollars because low wage workers would be making an increase in salary and would not need assistance, therefore taxpayers dollars would not go towards their needs. Minimum wage is the lowest wage paid to a worker according to the law. Minimum wage in my opinion should be increased. As a matter of fact, a living wage should be put in place instead, because it is the minimum income…

    • 770 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Raise Minimum Wage Essay

    • 761 Words
    • 4 Pages

    The minimum wage should be increased because a lot of people are suffering from low pay to make ends meet. The total of money companies is paying employees today is not enough. A lot of companies are making a profit from their employees; they simply don’t want to pay them because they know if one of the people working for them quits, they are going to find ten more desperate people who would do anything to have this job. Today, it is extremely important to raise the minimum wage because the insufficient wage is too low, it causes parents to work two jobs, also companies should raise salary high enough to inspire people to go to work.…

    • 761 Words
    • 4 Pages
    Improved Essays