“Of course, nothing helps families make end meets like higher wages…If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of hardest-working people in America a raise” President Obama, State of the
Union Address, Jan. 20, 2015.
We often hear the debate on the minimum wage. Is it yes or no increase the minimum wage?
It is true that there is no consensus on the subject. Economists have contradictory arguments and the point of views change over time. For some, an increase "reduced the competitiveness of enterprises and overnight at the whole economy." For others, a higher minimum wage “resulting in higher quality of life and household spending," which is good for …show more content…
Defined as the lowest pay for an hour’s work that can legally be paid to a worker according to
Cambridge Dictionaries Online, the minimum wage varies with each State. The federal minimum wage is $7.25 and increasing this lowest pay may reduce poverty, lowest the turnover, and reduce the cost of social assistance.
Raising the minimum wage is a factor struggle against poverty. The minimum wage, the protection for workers against abuse and exploitation by employers is the minimum that employers must pay their workers. Obviously, if there were no minimum wage, workers at the bottom of the pay scale earn less they earn today. In other words, companies prefer to pay their workers less than the minimum required, which is why Canadian and American jobs are disappearing, and are now in Mexico and China. The United State former Secretary of Labor
THE NECESSITY TO RAISE THE FEDERAL MINIMUM WAGE
4
(1993-1997) Robert Reich (2014) said that increasing the minimum wage will not cost jobs, contrary to what the companies fear. In fact, he said workers will have more money available …show more content…
Therefore she will need social support as Supplemental Nutrition Assistance Program (SNAP) know as Food
Stamps, Temporary Assistance for Needy Families program (TANF), Medicaid, and others.
THE NECESSITY TO RAISE THE FEDERAL MINIMUM WAGE
6
“Employees surviving on minimum wage are also often the same people who mostly rely on additional support of government run social programs.”(Chad Halvorson, 2014). A minimum wage increase will only not disqualify many of the workers who need assistance from the government to be able to have a home and eat, but they will have enough income to meet their needs and their family and also why not enough for saving.
Today the middle class does not live, but survives. The issue of redistribution of wealth is necessary. While a minority of the population lives in opulence, a large majority is struggling to make ends meet. The rich get richer and the poor poorer. Some workers are forced to do two or three jobs to get by. An increase of the minimum wage will not only reduce the gap between social classes, but it will also limit the turnover in the business, and effectively will reduce the budget allocated to social spending by the Federal
Union Address, Jan. 20, 2015.
We often hear the debate on the minimum wage. Is it yes or no increase the minimum wage?
It is true that there is no consensus on the subject. Economists have contradictory arguments and the point of views change over time. For some, an increase "reduced the competitiveness of enterprises and overnight at the whole economy." For others, a higher minimum wage “resulting in higher quality of life and household spending," which is good for …show more content…
Defined as the lowest pay for an hour’s work that can legally be paid to a worker according to
Cambridge Dictionaries Online, the minimum wage varies with each State. The federal minimum wage is $7.25 and increasing this lowest pay may reduce poverty, lowest the turnover, and reduce the cost of social assistance.
Raising the minimum wage is a factor struggle against poverty. The minimum wage, the protection for workers against abuse and exploitation by employers is the minimum that employers must pay their workers. Obviously, if there were no minimum wage, workers at the bottom of the pay scale earn less they earn today. In other words, companies prefer to pay their workers less than the minimum required, which is why Canadian and American jobs are disappearing, and are now in Mexico and China. The United State former Secretary of Labor
THE NECESSITY TO RAISE THE FEDERAL MINIMUM WAGE
4
(1993-1997) Robert Reich (2014) said that increasing the minimum wage will not cost jobs, contrary to what the companies fear. In fact, he said workers will have more money available …show more content…
Therefore she will need social support as Supplemental Nutrition Assistance Program (SNAP) know as Food
Stamps, Temporary Assistance for Needy Families program (TANF), Medicaid, and others.
THE NECESSITY TO RAISE THE FEDERAL MINIMUM WAGE
6
“Employees surviving on minimum wage are also often the same people who mostly rely on additional support of government run social programs.”(Chad Halvorson, 2014). A minimum wage increase will only not disqualify many of the workers who need assistance from the government to be able to have a home and eat, but they will have enough income to meet their needs and their family and also why not enough for saving.
Today the middle class does not live, but survives. The issue of redistribution of wealth is necessary. While a minority of the population lives in opulence, a large majority is struggling to make ends meet. The rich get richer and the poor poorer. Some workers are forced to do two or three jobs to get by. An increase of the minimum wage will not only reduce the gap between social classes, but it will also limit the turnover in the business, and effectively will reduce the budget allocated to social spending by the Federal