Benefits Of Raising Minimum Wage
This paper is presented for English-1301, by Professor Vanessa Ballmer
The Minimum Wage need to be Raise Many problems and challenges exist in the world that we face in our everyday lives. We always try to solve those problems and make our lives easier and happy. Now- a-days, minimum wage a big problem for low-income family. Some low-income family members are running to their job to support their family and to get a better life. Some are finding more than one job. Some are looking for income sources. These are happening because of low minimum wage. The minimum wage needs to be raised to help those people. Some corporations are raising their employees’ minimum …show more content…
After completing their bachelor degree, they will get a good job help their family and will contribute to the country, but recent minimum wage rate is not sufficient to finish their degree. “College students will benefit the most from a $15 minimum wage. The reason is that we make up most of the labor force earning minimum wage or near it. Then, just think about the books, the tuition and other expenses we can pay out of pocket without taking out student loans or asking our family for money” (“Minimum wage increase may benefit college students the most”). College tuition has gone up every year since 1978, forcing the student to take the loan than any other previous generation to go to college. If the student starts tagging on the prices of the books, room and board, dining, clothing, car maintenance, gas and other expenses, it becomes nearly impossible to attain a college education. The Federal government needs to raise the minimum wage. Raising the wage rate is helpful for the students because recent wage rate does not cover the whole cost of the study also students also take the loan, family support to fulfill their …show more content…
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.