Shamus Cooke, the author of the article, discusses the ways in which an increase to a fifteen dollar minimum wage would be beneficial for all workers by bringing up statistics as well as discussing corporate greed. I intend to use this source by using the statistics about how much the U.S. economy is constituted from consumer spending to support a point I made about how raising the wage boosts the economy. Cooke also discussed how corporations value their profits, which in turn means paying their worker less. This directly supported another claim I made in my paper about how the blame should not be directed towards workers asking for better pay, but should instead be directed towards the corporations who can afford to pay them a better wage…
Since 1938, the minimum wage has been raised several times; usually it would occur almost every year, sometimes it would happen three or four years later. But now, it hasn’t changed for the past five years. In 2007, the minimum wage was $5.85; in 2008 it was raised to $6.55, and then again in 2009, it was raised to $7.25. It is now the year 2014, and the minimum wage remains at $7.25 an hour. A full-time worker who is paid the minimum wage would make an annual income of $15,080.…
There is debate on the social benefits of a minimum wage and how it helps to protect the health and well-being of employees. Despite the intention of protecting workers, there is also controversy regarding how increased wages impacts firms, especially smaller ones. This is an important topic as minimum wage is a popular political topic and it is necessary to look at historical data to see if the benefits of raising minimum wage outweigh the negative…
The minimum wage in the US is well below that of other advanced countries. The economist estimates that the minimum wage should be about twelve dollars an hour in the US based on our GDP. A higher minimum wage not only increases worker’s income, which is sorely needed to high demand and get the economy going. “Raising the minimum wage to $10.10 would create economic prosperity and put more money into the pockets of hard-working Americans” (“Reasons Raise minimum wage chart”). Raising the minimum wage to ten or more will help the workers to turn around and spend that money, which is a huge boost for the economy.…
The Social Problem Minimum wage was first created in 1938 during the Great Depression under Franklin Delano Roosevelt (FDR) presidency. Minimum wage started off as $0.25 an hour and has been changed for a total of 22 times by the year 2009. Initially, minimum was introduced to cover women and minors, due to the fact that white men were able to rely on the union as a safety net and that they earned higher wages (Kaufman, 2012). Currently in Louisiana minimum wage is $7.25 an hour. Although the current minimum wage is significantly higher than what it used to be at $ 0.25, it still does not suffice to meeting the modern individual’s needs in 2017.…
In 1938, the minimum wage was established as part of the fair Labor Standard Act. Over time, of infrequent and inadequate adjustment the minimum wage, no longer serves as an adequate wage floor. One of the most controversial issues in the U.S. is if minimum wage should be increased to $15 or not. People believe that if minimum wage was increased it would help out with day to day living.…
The minimum wage is a hot button issue in America, especially in California. The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour. A law proposed by Gov. Jerry Brown would increase Californians minimum wage from $10.00 an hour to $15.00 an hour. Many including myself believed that increasing the minimum will hurt workers, business, and overall disrupt the economy.…
With the 2016 presidential election quickly approaching, the minimum wage has become a hot issue of debate among both Democratic and Republican candidates. Due to vast the social justice and economic implications contained in the idea of minimum wage laws, opinions on the issue range across a wide spectrum. First, there are those who are proponents of a minimum wage as a means of combating income inequality and promoting economic belief. Typically, proponents see a raise in the minimum wage as an opportunity to stimulate the economy by providing people with more money to spend in the economy, decreasing the expenses and need for social welfare programs and allowing businesses to hire more people and increase revenue through increased consumer…
An impactful method of dealing with the growing numbers of child removal rates due to food insecurities, abuse and a lack of adequate housing would be to increase minimum wage to a living wage. With the ability to afford a basic living, parents/guardians are able to provide their children with the substantial support they need to thrive. Consequently, financial stability will dramatically decrease the number of maltreatment cases for a great sum of people, but more specifically, children of racialized, single mothers. When looking back at the statistics of people dependant on minimum wage, it becomes clear that racialized, single mothers and their children are the most vulnerable to this inadequate wage. As a result, there will be an immense…
In his article, raising the minimum wage will not reduce poverty Professor Henderson, brings up two intriguing points. One, he states that if the minimum wage is raised employers will no longer want to hire unskilled workers. To support his theory, he uses the economic law of supply and demand. “The law states that at a higher price, less is demanded, it applies to grapefruit, cars, and yes labor.” Henderson basically compares people to fruit and material items.…
Damaging Consequences of Raising the Minimum Wage Who wants to earn more money for performing the same work? Most of the working population would say “sign me up”. An often-debated way to accomplish this would be for the federal government to raise minimum wage. While on the surface, this simple idea may sound like a win-win proposition; but when logic and simple economics are applied, the result is a lose-lose proposition. Raising the federal minimum wage can actually have adverse effects on the economy and the portion of the work force that it is intended to help.…
Minimum wage to a child/teenager may not seem very important, in fact to a young child/teenager it may just seem useless, but to anyone that is in the workforce, and works countless hours a week, it is your life. Minimum wage affects the way someone lives, and has since it was created in 1938. That minimum wage was introduced as part of the Fair Labor Standards Act (FLSA). The FLSA also covers things like youth employment standards, overtime pay, recordkeeping, and standards for government employees at the local, state, and federal levels. But prior to the FLSA, at least one state had passed its own minimum wage laws.…
The issue of minimum wage has been a hotly debated topic among politicians and their constituents. Many argue whether minimum wage exists to help people on poverty or used as a base salary for future positions. This issue has been especially concerning for candidates running for the 2016 presidential election. Despite being a somewhat simple topic, the argument for minimum wage has divided Americans in terms of what to do. In Ari Armstrong’s article, he argues that minimum wage is egregious and will only harm the economy by causing people to have lower motivations and lack of employment.…
In a political cartoon drawn by Nick Anderson for The Houston Chronicle, a man is depicted standing on top of a huge mountain of money. There is a smaller person standing on the ground with a sign that reads, “Raise minimum wage.” The man standing on the pile of money is saying to the other person “Your greed is hurting the economy.” The cartoonist is trying to make a point about those standing in opposition to a higher minimum wage. Anderson is saying that those who are against raising the minimum wage are extremely greedy, and that they are hypocrites for calling proponents of a higher minimum wage greedy.…