Minimum wage had been a big impact in American society today. Minimum wage is an amount of money that is the least amount of money per hour that workers must be paid according to the law. Furthermore , To be fully explanatory, Minimum wage is the lowest wage paid or permitted to be paid; specifically : a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. Plain and simple, Congress must act to meet the needs of our constituents. We can do that by strengthening families and increasing the minimum wage (123helpme). In Society today Minimum
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It’s important to state up front that research and experience don’t bear that out. New York Times states,” the minimum wage has been raised many times without hurting unemployment. Employers have offset the cost of minimums through reduced labor turnovers”. States have raised the minimum wage 91 times since 1987 during periods of high unemployment, and in more than half of those instances the unemployment rate actually fell. Over 600 economists signed a letter agreeing that a minimum wage increase doesn’t hurt job creation. Another reason to raise minimum wage is because it won’t hurt job …show more content…
Fletcher, Raising the minimum wage from $7.25 to $10.10 an hour would reduce federal food stamp spending by $4.6 billion a year, according to a report to be released Wednesday by the liberal-leaning Center for American Progress. Fletcher states,” A report last month from the nonpartisan Congressional Budget Office said about 15 percent of the nation’s workforce would see wages rise under Obama’s plan to raise the minimum wage, adding that the increase would lift 900,000 people out of poverty”. Last year, a report done by researchers at Berkeley and the University of Illinois asserted that taxpayers are spending nearly $7 billion a year to supplement the wages of fast-food workers, many of whom earn the minimum wage or close to it (Washington Post). On the other hand, raising the minimum wage is staunchly opposed by many Republicans who say it would impose unsustainable costs on business and slow job creation. Still, raising the minimum wage seems to be popular with the public, as polling shows that more than six in 10 Americans support the idea. However, I believe that minimum wage will help Americans get out of poverty and off food stamps. A study by the Center for American Progress found that raising the minimum wage to $10.10 would help 3.5 million Americans get off food
It’s important to state up front that research and experience don’t bear that out. New York Times states,” the minimum wage has been raised many times without hurting unemployment. Employers have offset the cost of minimums through reduced labor turnovers”. States have raised the minimum wage 91 times since 1987 during periods of high unemployment, and in more than half of those instances the unemployment rate actually fell. Over 600 economists signed a letter agreeing that a minimum wage increase doesn’t hurt job creation. Another reason to raise minimum wage is because it won’t hurt job …show more content…
Fletcher, Raising the minimum wage from $7.25 to $10.10 an hour would reduce federal food stamp spending by $4.6 billion a year, according to a report to be released Wednesday by the liberal-leaning Center for American Progress. Fletcher states,” A report last month from the nonpartisan Congressional Budget Office said about 15 percent of the nation’s workforce would see wages rise under Obama’s plan to raise the minimum wage, adding that the increase would lift 900,000 people out of poverty”. Last year, a report done by researchers at Berkeley and the University of Illinois asserted that taxpayers are spending nearly $7 billion a year to supplement the wages of fast-food workers, many of whom earn the minimum wage or close to it (Washington Post). On the other hand, raising the minimum wage is staunchly opposed by many Republicans who say it would impose unsustainable costs on business and slow job creation. Still, raising the minimum wage seems to be popular with the public, as polling shows that more than six in 10 Americans support the idea. However, I believe that minimum wage will help Americans get out of poverty and off food stamps. A study by the Center for American Progress found that raising the minimum wage to $10.10 would help 3.5 million Americans get off food