Hungry? Looking to support your family? Well, so are millions in American working class, who work diligently to maintain their positions in field. Would it be better to increase the minimum wage? Numerous of individuals, of course, would not mind the sudden increase. However, an increase in minimum wage should be analyzed cautiously before the general public incorporates such a dramatic change. The effects of increasing minimum wages, or even decreasing the minimum wage, may inflict positive or negative effects depending how the working-society is impacted by such a radicle change. Yet, the ramifications of not increasing the minimum wage are to great; thus, the minimum wage should be raised on accounts of how the United States’ economy is
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American families who rely on one spousal parent to generate income for the whole should also be taken into consideration. In an article written by Sen. Elizabeth Warren called “17 Million Reasons to Raise the Minimum Wage,” provides valid reasons as to why minimum wage is not enough to support family using her own experience. Warren explains when she was young, her father had a heart attack. The heart attack of her father caused an increase of medical bills, and the loss of her station wagon, and forced her mother to enter the labor …show more content…
The ones in charge of their companies; chief executive officers are against the idea of raising minimum wage. CEOs generally earn 300 or 1,522 or 2,000 times more than their workers (Why raising the minimum wage is good economics). If a company losses money, so does the CEO of the company. Instead of lossing the company, which generate the chief executive officer’s income, the boss could share his earnings with his workers. It may not seem like a bad idea until looking through the perspective of the CEO, but it is a solution and is why increasing the minimum wage is not a good
American families who rely on one spousal parent to generate income for the whole should also be taken into consideration. In an article written by Sen. Elizabeth Warren called “17 Million Reasons to Raise the Minimum Wage,” provides valid reasons as to why minimum wage is not enough to support family using her own experience. Warren explains when she was young, her father had a heart attack. The heart attack of her father caused an increase of medical bills, and the loss of her station wagon, and forced her mother to enter the labor …show more content…
The ones in charge of their companies; chief executive officers are against the idea of raising minimum wage. CEOs generally earn 300 or 1,522 or 2,000 times more than their workers (Why raising the minimum wage is good economics). If a company losses money, so does the CEO of the company. Instead of lossing the company, which generate the chief executive officer’s income, the boss could share his earnings with his workers. It may not seem like a bad idea until looking through the perspective of the CEO, but it is a solution and is why increasing the minimum wage is not a good