Raising Minimum Wage

Superior Essays
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 …show more content…
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

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
  • Decent Essays

    Gradually, the minimum wage raised from $5.15/ hr to $7.25/ hr. In February 2013, president Obama called on congress to again raise the federal minimum wages to $9 per hour, in order to help the full time workers to get out of poverty and to rise the income of millions of working families. In March 2013, the full House voted on minimum wage (H.R.1010) amendment to consolidate 35 Federal programs for job training to be administered by the state instead of the federal government. Unfortunately, the amendment failed by a vote of 184 to 233. Although it is very hard to pass a bill through the congress, 200 organizations promised to support raising the minimum wage and help in passing the bill.…

    • 886 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    In the article Minimum-wage increase would benefit many. It talks about many reasons why raising minimum wage would be better. in the article it says that raising the minimum wage to $10.10 an hour would help people above the poverty line almost about a million. Which you can see crucially makes a difference in families lives. Helping people get out of poverty would also decrease the need for families to have public assistance as well.…

    • 754 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Capitalist Economy

    • 1128 Words
    • 5 Pages

    While these numbers would sound fantastic to the average seller, they spell doom for the average worker. In 2014, the average worker to CEO hourly pay ratio was 373:1 (“Executive PayWatch”). An average worker at Walmart in the year 2014 brought home only $36,184 while a worker on federal minimum wage made only a measly $15,080 (“Executive Paywatch”). In addition, since 1970, productivity at Walmart stores has risen an astounding 319%, but the hourly compensation has only risen 20.34% (“Executive Paywatch”). The top 1%’s share of the wealth has grown nearly 111% since 1990, while the share of wealth for the bottom 99% has only increased an atrocious 4.3% (“Executive Paywatch”).…

    • 1128 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Minimum Wage Increase

    • 1824 Words
    • 7 Pages

    According to the article “The President’s Plan To Reward Work By Raising The Minimum Wage,” the White House writes, “The President is calling on Congress to raise the minimum wage from $7.25 to $9 . . .which would directly boost wages for 15 million workers and reduce poverty and inequality” (1). In other words, the President claims, that a dollar and seventy-five cent raise in minimum wage would lower poverty, yet, as mentioned earlier, the MIT online calculator indicates that any wage below $13.35 an hour—at least in Contra Costa County— would not be sufficient for worker to become self-sufficient. In fact, the notion of rewarding work for the sake of work seems to be counterintuitive.…

    • 1824 Words
    • 7 Pages
    Improved Essays
  • Superior Essays

    Minimum Wage Raising

    • 1369 Words
    • 6 Pages

    In 1938 the federal minimum wage was established to provide a living wage for low-income workers. The last raise in the minimum wage had been in 2007 when it was passed by majority in congress and signed by President George W. Bush. In the eight years that followed the increase, the price of living has spiked, and the minimum wage has not been adjusted to meet the new cost of living. The issue is now being discussed by congress, while more and more people are falling farther behind. (Alper) For many Americans, minimum wage is their only way to survive in our economy.…

    • 1369 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Raising the minimum wage can help reduce the need for government welfare for these families. “ A recent study from the Center for American Progress concluded that the [Tom] Harkin-[George] Miller legislation [minimum wage hike] becomes law, it would earn as many as 3.8 million fewer people enrolled in the Supplemental Nutrition Assistance Program (SNAP), thus reducing spending by nearly $4.6 billion a year” (Perez). Raising the minimum wage would help pay for the needs of employees, without them needing to be supported by the state. This helps put money back into the economy to strengthen everyone, and allow federal spending to go to better causes. When his company faced potential economic trouble, Henry Ford doubled the wages of his assembly line workers, saying, “If we can distribute high wages, then that money is going to be spent and it will serve to make storekeepers and distributors and manufacturers and workers in other lines more prosperous and their prosperity will be reflected in our sales.…

    • 1024 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    One of the biggest arguments that critics present in opposition of minimum wage is that it leads to job loss in large and small businesses. The Congressional Budget Office predicted that if the minimum wage were raised to $10.10, then employment would be reduced by approximately 500,000 workers (Brunnermeier, Markus and Goldin 9). While it may be true that employment can be reduced in some jobs, a payroll company called Paychex surveyed 350,000 small businesses and found the exact opposite. Its analysis showed that in Washington, the state with the highest minimum wage at $9.32 had the largest annual job growth in the nation. San Francisco, the city with the highest minimum wage at $10.34, also had the highest percentage of annual job growth in a metropolitan area (Meyerson).…

    • 1273 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Experts say that if the hike in the minimum wage rises to what is satisfactory, $10.10/hr according to Obama back in 2014, the effects would be worse. Consequently the government has continued to study this dilemma. Studies have been done to see the effects of the raise. “According to U.S. Census Bureau data, the average family income of employees who should benefit from the proposed minimum wage hike is $37,782 per year. The same data set shows that nearly 70 percent of those employees live with their parents or relatives or have a working spouse.…

    • 812 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Ultimately, the positive effects of raising minimum wage includes bettering low income family and the economy and help the low income family stand more on their own two feet then depending on government and society to baby sit for them. As well help build the economy into a better empire from the down fall of it have become today. In conclusion, we can argue all day on raising minimum is good or bad, but we have already make the law to raise minimum wage but the rest of the states need to just jump on the bandwagon with the other 13states because these employees are not going to stop until they…

    • 1219 Words
    • 5 Pages
    Improved Essays

Related Topics