Hiring Minimum Wage Essay

Improved Essays
Show More
Hiring federal minimum wage is a very controversial debate among society, this topic has many pros and cons. Minimum wage is the base pay, meaning no employer should pay their employees less, however having a low minimum wage allows motivation for employees to strive for the hourly rate raise. I am against hiring minimum wage because while it can increase the income for household it requires employers to divide their pay evenly among their employees; this may cost the jobs of several of the other employees causing more families to go into poverty. Arguments for minimum wage often claim it to be an effective method to change poverty for the better. If businesses are required by the federal government to pay their employees more then their employees should earn more income and many of them can get out of poverty. As humans our knowledge will tell us this is an anti-poverty tool. However, studies have shown this to be incorrect; after being studied by many economists in several different trials we have come to the shocking conclusion that changing minimum wage would have little to …show more content…
This has been a burden on several small businesses causing more job loss than ever. Personally I disagree with hiring minimum wage because I currently resign in a small town and work within the fast food industry. My employer hired me at $7.25 an hour, she had made me aware of the opportunities to higher my pay. This motivated me to show more initiative, determination and influence me to try my very best a t work; I strongly believe that having a minimum wage at $7.25 an hour allows employers to reward and motivate their employees. According to Heritage.org (Sherk, 2007), an increase on minimum wage is often debated using poverty, many who are for hiring minimum wage will argue that the amount of families living in poverty will decrease; this is not the

Related Documents

  • Improved Essays

    Why Should The Minimum Wage Be Increased
    • 770 Words
    • 4 Pages

    Why Should The Minimum Wage Be Increased

    A person working at minimum wage would have no choice but to rely on government assistance such as food stamps or welfare to get by and make ends meet in life. Their income alone would not be enough for all the necessary things we need to survive, such as food, utilities, healthcare and the whole nine yards. 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
    Read More
  • Improved Essays

    Raising The Minimum Wage: Effects On Family Poverty?
    • 1764 Words
    • 8 Pages

    Raising The Minimum Wage: Effects On Family Poverty?

    Since 1938 the United States government came up with an idea called minimum wage. The reason why minimum wage jobs were made were for people in poverty to get a better job or to go back to school or kids so they could make money for school and other things. So making minimum wage higher to help these people out to get to the next step is what we want to do. In the article “Raising the Minimum Wage: Effects on Family Poverty” by Ronald B. Mincy, states that two men named Edward M. Gramlich and Terrence Kelly proved “that most work low wage workers are not poor.” (18). This study was reviewed…

    • 1764 Words
    • 8 Pages
    Improved Essays
    Read More
  • Superior Essays

    Benefits Of Raising Minimum Wage
    • 1438 Words
    • 6 Pages

    Benefits Of Raising Minimum Wage

    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. Raising wages would help people get off of food stamps, and ultimate benefits. For this reason, government save money and create economic security. We would all love a raise. People need to be raising the minimum wage. Unfortunately, the issue is not simple. It turns out that increasing the minimum wage means decreasing job opportunities. If the minimum wage increased, people will face lots of problem such as- it would result in the job loss evidence of job losses, hurt low-skilled workers, little effect on reducing poverty, and it may result in the higher price for consumers. Most Americans agree the current federal minimum wage is not enough to live on. It is hard to imagine some families are surviving on just $15,000 a year.…

    • 1438 Words
    • 6 Pages
    Superior Essays
    Read More
  • Improved Essays

    04.02 Assignment 2
    • 551 Words
    • 3 Pages

    04.02 Assignment 2

    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.…

    • 551 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Minimum Wage Utilitarianism
    • 838 Words
    • 4 Pages

    Minimum Wage Utilitarianism

    Minimum wage has been a highly controversial topic in the United States for eighty years now. Federal minimum wage is set at $7.25 currently and there are many debates on raising it from that to $12 or $15. Many Americans think this is a good idea and its going to yield a higher yearly income, this is true. On the contrary is is also going to inflate the prices of the goods we purchase. Raising the minimum wage to $15 would not be morally justifiable according to utilitarianism and comparing inflation to what MacKinnon calls living wage.…

    • 838 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Should Minimum Wage Be Raised Essay
    • 2332 Words
    • 10 Pages

    Should Minimum Wage Be Raised Essay

    Everyone needs money to help them with their daily life activities like eating, shopping and even paying bills. For that, you will need a good paying job, right? CATO Institute, a public policy research organization, states “Some policymakers are proposing to raise the minimum wage, but that policy would be harmful. Research shows businesses would respond to the increased costs by reducing employment, particularly for low-skilled workers” (CATO). Basically saying this minimum wage will not help anyone, and it will do nothing but damage. I disagree there’s a lot more evidence I found which tells you otherwise. I’m not sure what the minimum wage should be raised to but I believe it should be raised.…

    • 2332 Words
    • 10 Pages
    Improved Essays
    Read More
  • Improved Essays

    Arguments Against Raising Minimum Wage
    • 814 Words
    • 4 Pages

    Arguments Against Raising Minimum Wage

    In todays’ economy the minimum wage sits at a low $7.25. The argument against raising the minimum wage is that it will hurt business when really it will help them. Many people today believe that if the minimum wage is increased then the cost of many products may increase. The reason for this is that when a company has to pay employees a few dollars more per hour then there is a substantial amount of money out of pocket. This cost must either be paid by the company or it may cause the price of products to increase above what they…

    • 814 Words
    • 4 Pages
    Improved Essays
    Read More
  • Decent Essays

    Increase Minimum Wage
    • 277 Words
    • 2 Pages

    Increase Minimum Wage

    Lately in the United States a very controversial topic has been minimum wage. Many people within the country argue whether or not it should stay the way it currently is or have an increase in how much it pays. I believe there should not be an increase to minimum wage. If there is an increase to minimum wage many fast food places would be encouraged to speed up the process of automating their ordering service to be able to save money by not having to pay workers. An increase to minimum wage will also cause job opportunity for low skilled workers and then harder to find a job that would be better for them to be able to live well. This increase would also bring about more disparity among races within the United States. “In a 2011 report from the…

    • 277 Words
    • 2 Pages
    Decent Essays
    Read More
  • Decent Essays

    Raising Minimum Wage Research Paper
    • 261 Words
    • 2 Pages

    Raising Minimum Wage Research Paper

    Minimum wage is the lowest wage allowed by law or by special agreement. the federal minimum wage for covered over time paid employees is 7.25 per hour; which was enforced july 24, 2009. these type of employees are called non exempt employees under the FLSA act. Employees must pay them one an a half times their regular pay when they work over fourty hours a week. in my opinion, we should not have minimum wage laws nor should we raise them. Raising them won't do anything. most argue that raising them will help end poverty and that no working person should have to live in poverty. however, if raising the minimum wage was all it took to end poverty the government would have done so and there wouldn't be a social class referred to as poor people…

    • 261 Words
    • 2 Pages
    Decent Essays
    Read More
  • Superior Essays

    Minimum Wage Madness
    • 1272 Words
    • 6 Pages

    Minimum Wage Madness

    But with wage boost come job cuts. Hundreds of thousands jobs could be lost in the first year (Wilson). Loss of jobs will mean people will have no source of getting money, leading to poverty. If minimum wage increased to $12 it would lead to increased poverty rates (Wilson). Keeping the minimum wage low will help keep the job market open and will keep people off the streets. Many people living in poverty are already unemployed they have no salary and can 't support themselves. Raising the salary for some workers and keeping half a million without jobs is not a win for the economy, and it is not a win for the American worker. It is an ineffective anti-poverty proposal (Rugless). The question against raising the minimum wage is simple and direct. A higher wage makes it more costly for businesses and companies to hire workers (Rugless). Depending on where America stands economically, adding five-hundred thousand people to the unemployment rolls could slow down or even stop growth and maybe pushes us toward an economic recession, causing additional layoffs and pay cuts. How big of an effect does this wage spike have on the job market? Economists argue over this, but no one argues that boosting the minimum wage expands the number of unemployed workers who find jobs. The minimum wage is by design an entry-level wage; it is not supposed to be permanent, and it is not supposed to be enough on which to raise a family.…

    • 1272 Words
    • 6 Pages
    Superior Essays
    Read More
  • Improved Essays

    Minimum Wage Unfair
    • 725 Words
    • 3 Pages

    Minimum Wage Unfair

    The minimum wage is the minimum hourly wage an employer can pay an employee for work. Employees that earn the minimum wage tend to be younger (teenagers), and work in businesses like fast food or retail. When the minimum wage goes up, employers are forced to pass costs on to consumers in the form of higher prices, fewer hours and jobs are available for less-skilled and less-experienced employees and it also results in overall job loss. Minimum wage increasing is unfair to people who already are making that much currently, so it shouldn't be going up. There are better ways to help the poor.…

    • 725 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Pros And Cons Of Minimum Wage
    • 826 Words
    • 4 Pages

    Pros And Cons Of Minimum Wage

    While this sounds like a major issue, the authors clarify that while there have been countless studies done on the effect of minimum wage, none have “consistently found a statistically significant correlation between an increase in minimum wage and job loss.” They estimate that an increase in the minimum wage would, in fact, add $32 billion in economic activity and generate roughly 140,000 new jobs. (A new Gilded Age, 2009) This only makes sense as when a person has barely enough to feed and clothe their family they cannot afford to spend it on extras. If they were to be brought above the poverty line they would be able to justify buying some…

    • 826 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Raising Minimum Wage Increase
    • 803 Words
    • 4 Pages

    Raising Minimum Wage Increase

    While trying to improve overall economic growth and security it is still a concern that minimum wage barely provides a living, actually this proves that workers are underpaid by their employers. Minimum wage is seen as a base number from which wages are calculated, so if the number is raised, earnings will increase as a result. Many workers who earn more than the minimum wage would benefit if it is increased. Raising the wage will have a positive effect above and beyond lowering the poverty rate. A good way to fight poverty is to make sure people have jobs with a decent wage that put them above the poverty level. This will ensure that its value stays at a reasonable level over time through indexing it to the cost of living and establishing a strong first step to economic security. The Fair Minimum Wage Act of 2013 sets the minimum wage at a level that will help workers and their families, be acceptable for the economy, and is consistent with past level of the wage. It will increase the minimum wage in three steps, from $7.25 to $10.10 per hour. The rate will then be indexed to inflation each year thereafter .The Act is intended to help restore the minimum wage to its historic level, making up for decades of destruction with the hopes of lifting families above the poverty guideline. To put it in perspective, a full-time worker that makes the current minimum wage of $7.25 an hour only earns $14,500 per year. A family of four living on those wages is below the poverty guidelines. There is evidence showing that increases in the minimum wage have very little or no negative effect on the employment of wage workers, even in times of weakness in the labor market. Minimum-wage increase can have a small stimulant effect on…

    • 803 Words
    • 4 Pages
    Improved Essays
    Read More
  • Great Essays

    Consequences Of Raising Minimum Wage
    • 2029 Words
    • 9 Pages

    Consequences Of Raising 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. According to Allan Meltzer, a professor of political economy at Carnegie Mellon University, “the argument against the minimum wage lies in good economics and common sense”…

    • 2029 Words
    • 9 Pages
    Great Essays
    Read More
  • Improved Essays

    Should The Minimum Wage Be Increased?
    • 1314 Words
    • 6 Pages

    Should The Minimum Wage Be Increased?

    The Minimum Wage is a great thing. It prevents Employers from ripping their employees off and underpaying them.The only problem with the current minimum wage is it doesn 't keep up with inflation and brings the full time salary in below the poverty line for minimum wage workers and almost forces a family to need government aid just to put food on the table and to have health care. There needs to be a change. The Government needs to increase the minimum wage to allow U.S. citizens to no longer need government aid, to help the economy and low income families, and to decrease the poverty rate. There is tons of controversy about whether the minimum wage should be increased or stay the same. The problem people have with raising the minimum wage…

    • 1314 Words
    • 6 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2023 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings