Minimum Wage Persuasive Speech

Improved Essays
Intro:
The federal minimum wage is $7.25 an hour, which means that depending on where you live, working for an hour will barely buy you a Chipotle burrito (this is without guac). Because of inflation, the minimum wage today is worth a few dollars less than before. Many politicians agree that we should raise minimum wage. Bernie sanders for example said “Nobody who works 40 hours a week should be living in poverty, a job should lift workers out of poverty, not keep them in it.” - Bernie Sanders

Thesis:
I strongly believe that we should raise minimum wage to $20, which would lift millions out of poverty.

Body:
The average person working at minimum wage will only make about $10,700 in a year. After other expenses like rent, groceries, bills and gas, it is almost impossible to keep a family afloat. If a person were to work for 40 hours a week at $7.25 an hour they would make about $290 a week. After that we would have to subtract about $35.06 for taxes and about $176.48 for living expenses which leaves us with a grand total of $78.46. If this were to be split equally then it gives the average person about 11 dollars to spend a day. The 78 dollars also has to cover all
…show more content…
For example, in both San Jose and San Francisco, jobs in the restaurant industry grew faster after the minimum wage was increased than they did in surrounding cities and counties that did not increase wages. Also Seattle, began pushing its $15 minimum wage which is expected to April 2015, initial signs are positive. The Seattle region’s unemployment rate hit an all time low of about 3.6 percent. The support for increasing minimum wage is strong. In a study conducted by the SBM in 2014 two thirds of small business owners in New York support minimum wage. Research also finds that raising the minimum wage boosts incomes for low-paid workers without reducing overall employment or job growth to any significant

Related Documents

  • Superior Essays

    Minimum Wage Amendment

    • 1587 Words
    • 6 Pages

    This is because each year prices rise in consumer products. If the government keeps the federal wage the same each year, then people living on the minimum wage will be unable to compete with the inflation of prices. For minimum wage workers these increases help them in keeping their financial lives in order. The federal minimum wage has lost 7% of its value since it was last raised in 2009. As of 1968 the minimum wage was $1.60 per hour that translates to $10.90 per hour, comparatively higher then today (Raisetheminimumwage.com).…

    • 1587 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    After raw materials ($75.00) and labor ($15.00), I make $10.00 per hour. This does not include paying rent on the building and utilities, but we will ignore those expenses for now. I work each of them 30 hours a week, and they each make $225 a week. That results in a yearly salary of $11,700. Our company is going well, but then the government decides the minimum wage should go to $10.10 an hour.…

    • 1117 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Many people think that most fast food worker lives in poverty when really less than 15% of workers are living in poverty. If minimum wage was to increase then it would get about 900,000 people or 300,00 households out of poverty. This is great but less than 2% of the 47 million Americans are in poverty. If the government was to increase minimum wage, then what would happen to our normal goods. If they had an increase of minimum wage then our fast food will increase as well by a dollar or so.…

    • 1086 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    In today’s society, citizens in the working class and lower class can be working full time hours at a minimum wage job making only $7.25 per hour, placing the workers below the poverty line. By increasing the national minimum wage to at least $10.10, the economy can be boosted and lift thousands of workers out of poverty. With an economy that currently lacks a fair minimum wage, it can suffer when people fall from middle class to lower class, instead of rising in it. In the current…

    • 1273 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    They won’t be able to learn long-term life skills. Along with people under 25 making up the majority of minimum wage workers, it is found that people who start at minimum wage will within the first year earn a higher wage (minimumwage.com). “Two- thirds of minimum wage employees earn a raise within their first year on the job, according to a study by economists at Miami and Florida State University” (Ortiz). These people would be making more than when they started their jobs, and may eventually be making $10 an hour. There would be no reason to raise the minimum wage, because they would eventually be making the amount that the government wants to raise it to.…

    • 1469 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Minimum Wage Rejection

    • 1087 Words
    • 5 Pages

    Rejection for Higher Minimum Wage Minimum wage workers deserve minimum wage the way it is now. If the government raises minimum wage then it will just cause the cost of living to go up and decrease the value of the dollar. If minimum wage is increased, then everybody’s wages would eventually rise too and then minimum wage workers would continue to ask for more money because they would end up at the bottom of the chain again. Most people benefitting from a wage increase are not even in poverty. Minimum wage is a good amount right now considering that the amount of people making minimum wage who earned an income at or below the poverty was only 2.7% (Palumbo).…

    • 1087 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Impact Of Black Friday

    • 3204 Words
    • 13 Pages

    I say that because I am a Middle Class family who can’t afford a lot of presents our children ask for, but when they are on sell at outrageous deals they become more of a reality. University of Cincinnati economist Michael Jones says the average Ohioans will spend about $750 on holiday shopping. This can make for a tone of Christmas present that may have not of happen without Black Friday deals. This spending does not only benefit the people receiving these wonderful gifts but it also helps our economy. The National Economic Counsel & The Counsel of Economic Advisers stated “Consumer spending makes up roughly 70 percent of the American economy, as measured by Gross Domestic Product.…

    • 3204 Words
    • 13 Pages
    Great Essays
  • Improved Essays

    Making $10.00 an hour is just enough for a family of three to barely make it above the poverty line. Many of these people have to rely on public assistance, such as, food stamps and programs, like the EITC (Earned Income Tax Credit). The poor are not looking for revenge or war against the rich. Instead, they just want to join them. Since 2000, wage mobility has risen and wage inequality has fallen.…

    • 1846 Words
    • 8 Pages
    Improved Essays
  • Superior Essays

    While the federal minimum wage sets a standard many states have set their minimum wage higher than the federal minimum (United States Department of Labor). As other major cities watched Seattle led the nation with a step up approach that will have workers earning a minimum wage of $15 per hour by the year 2021. While many argue that it’s too soon to know the full effect of increasing minimum wage on the economy what we do know is that one year later Seattle’s unemployment rates have not been negatively impacted (Torres). While businesses would pay more for employee…

    • 2012 Words
    • 9 Pages
    Superior Essays
  • Superior Essays

    This, according to the article I read would save around 1.5 trillion dollars. This means that the previous estimate of 3 trillion drops down to 1.5 trillion, and the actual tax increase is only 17.8% rather than 35.7% (Santens). This extra 17.8% does not have to apply to all tax brackets (the higher brackets could be taxed more), but for the sake of equality, let’s say it does. Say Joe earns $20,000. He gets taxed this extra 17.8%, meaning his tax burden goes up $3,560; he still receives a basic income of $12,000 a year though, so he actually gets an extra $8,440…

    • 1255 Words
    • 5 Pages
    Superior Essays