First, raising the minimum wage would help the economy grow over the course of a few years. While the length of time may seem like a long wait, it…
Most Americans think that raising minimum wage will reduce poverty, but yet do they know that raising the minimum wage will not do anything to poverty (Sherk). Workers that work hard and long hours should be able to feed and house their family (Harkin 18). Raising the minimum wage would hurt the economy more than help it. State hourly minimums range from $7.50 in Arkansas to $9.47 in Washington state (Desilver)…
Dear Raja. The minimum wage must be raised because it get’s people out of poverty and the economy will boost because if they have more money there will be more purchasing power. Minimum wage gets people out of poverty. The congressional budget office estimated that raising the federal minimum wage to $10.10 an hour from $7.25 would lift 900000 people out of poverty. This proves that they get people out of poverty because they will be able to live a normal life with enough money.…
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…
Increasing the minimum wage will raise the level of students that will have a higher level of education. As the number of education students increases so does the workforce, there are more people that are eligible for jobs, therefore less students that are unemployed and unqualified for the work force. If there is a lesser unemployment rate than the people who live in lower income areas will have stable jobs, therefore having a steady income, allowing the economy in these areas to flourish, allowing the standards of living to rise. As a result of the standards of living raising, the crime in these communities will go down, creating a safer place to live and less illegal criminal activity, therefore less black markets, this means that. It is a common disbelief that raising the minimum wage will create a surplus.…
Raising the minimum wage will reduce poverty .This year there is a large dispute about minimum wage and the living standard. Study show that states that have higher income there Poverty rate numbers are low . Also higher income dose not just help the poor it helps people stay focus. High income will help the poverty rate and the average person stay focus on saving what they make so higher min wage impove eyeryones standing .Increseing…
Minimum wage has been a big issue in this country for a long time. There are different reasons why minimum wage should be raised and why it shouldn't. “Fast food workers make less that $9 dollars on average” (Fast food workers). “Many states have raised minimum wage why can't we”(Fast food workers).Raising the minimum wage might even mean that we will have to increase our tax pay because the more money we make the more taxes we pay. Even though raising minimum wage is important because people can't live a full life off minimum wage we still don't need to raise it almost $3 maybe just $1.…
Raising the minimum wage would reduce federal food stamp spending by $4.6 billion a year. “Raising the federal minimum wage to $12 per hour by 2020 would reduce means-tested public assistance spending by $17 billion annually.”(epi.org). These savings could go towards anti poverty tools, funding for new education initiatives. The Minimum wage also reduces tax burden. A person making less than minimum wage would require food stamps, welfare and rent in many states.…
Raising the Minimum Wage: The Wrong Turn Most everyone has had one. Almost everyone who has had one hated it. And almost everyone has moved on from it. What I am referring to is minimum wage jobs. Most of us have fond memories of summertime with friends and becoming an adult and charting our way in life.…
A compelling, controversial flare within the past few months is the issue of the monetary value of one's time, or more specifically, the current rate of minimum wage within the United States. Ongoing wages range depending on the state, but the government has set a federal limit at $7.25, as set by the Fair Labor Standards Act of 2009, however states can add to that amount depending on the area’s own laws and regulations. Twenty-one states have the minimum wage set higher than the national average; including New York, California, Alaska, and our very own Oregon. These rates range from an additional 25 cents to just over two dollars more. Americans have presented a petition to raise the limit to $15 an hour to a ‘living wage’, while many argue…
“Increases in the minimum wage actually redistribute income among poor families by giving some higher wages and putting others out of work. A 1997 National Bureau of Economic Research study estimated that the federal minimum-wage hike of 1996 and 1997 actually increased the number of poor families by 4.5 percent.” (Henderson). As you can see from this statistic, a raise in minimum wage in attempt to lift families out of poverty, and benefit minimum wage workers, failed in multiple ways. It created more competition among jobs that require little to no achieved skills, and contributed to an increase in poverty level.…
“Raising the minimum wage would not help . . . it would have the opposite effect because it would victimize the country’s lowest-skilled workers and make it more difficult for them to find employment” (Reisman, 2015). Raising the federal minimum wage will increase unemployment and at the same time increase the cost products and services. Per Thomas MaCurdy, professor of economics at Stanford University, “higher minimum wages help almost nobody; but raise prices for everyone” (MaCurdy, 2015). If the federal government desires to raise the standard of living in our country, “the best thing the [government] could do is to just get out of the way” (Epstein,…
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.…
But the raise in the minimum wage would cause a domino effect that would do a good amount of harm. The raise would cause an increase in other wages and the prices of merchandise. With these being increased there would be no change in what people can afford to buy. Furthermore, companies would find ways to decrease the number of workers they hire. Also, minimum wage should not be able to feed a family.…
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…