Minimum Wage A hot topic across the United States is the debate about raising minimum wage. In Iowa the minimum wage is seven dollars and fifty cents. Some states have higher minimum wages but that could be due to the cost of living in that state. The United States’ minimum wage is seven dollars and fifty cents which most states follow. New York’s minimum wage is nine dollars an hour.…
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.…
The minimum wage in the US is well below that of other advanced countries. The economist estimates that the minimum wage should be about twelve dollars an hour in the US based on our GDP. A higher minimum wage not only increases worker’s income, which is sorely needed to high demand and get the economy going. “Raising the minimum wage to $10.10 would create economic prosperity and put more money into the pockets of hard-working Americans” (“Reasons Raise minimum wage chart”). Raising the minimum wage to ten or more will help the workers to turn around and spend that money, which is a huge boost for the economy.…
The minimum wage was last raised in 2009, when it increased from $6.55 per hour to $7.25 per hour. Although we may be due for an increase based on the elapsed time, the decision to increase minimum wage relies on more than time alone to make the right choice. While America is in a better place now than we were back in 2008 and 2009, we are still feeling our way through the recovery phase of the Great Recession. Additionally, we are now sitting on the $19 trillion and counting of debt that the current administration has so generously bestowed upon us.…
These states function well without the minimum wage at ten dollars an hour. Raising the minimum wage would increase prices of everyday living items. This would just erase the effects of the raise. The wage has been raised five times in the last four decades (Desilver). The economy has not worsened or heightened because of these raises.…
However, a McDonalds’ organization of workers should not be demanding a federal minimum wage of $15 an hour. Any mediocre job such as the fast food industry should have no reason to even consider that amount of money. Although most Americans are in favor of the federal minimum wage increase to $15 an hour, they must understand that the increase will cause drop outs in education and cause high-skilled workers to go to lower-skilled jobs and is not beneficial to our economy, employers, nor to the people in poverty. First off, the minimum…
Minimum wage has been a highly controversial topic in the United States for eighty years now. Federal minimum wage is set at $7.25 currently and there are many debates on raising it from that to $12 or $15. Many Americans think this is a good idea and its going to yield a higher yearly income, this is true. On the contrary is is also going to inflate the prices of the goods we purchase. Raising the minimum wage to $15 would not be morally justifiable according to utilitarianism and comparing inflation to what MacKinnon calls living wage.…
Since 1938, the minimum wage has been raised several times; usually it would occur almost every year, sometimes it would happen three or four years later. But now, it hasn’t changed for the past five years. In 2007, the minimum wage was $5.85; in 2008 it was raised to $6.55, and then again in 2009, it was raised to $7.25. It is now the year 2014, and the minimum wage remains at $7.25 an hour. A full-time worker who is paid the minimum wage would make an annual income of $15,080.…
The hot topic of discussion today in the U.S. is currently the minimum wage rate. It all dates to when New Zealand passed the very first national minimum wage law in 1894. The U.S. history leads us back to when President Roosevelt signed a law in 1938 as part of the Fair Labor Standards Act of 1938. Back then, the wage was set to 25 cents an hour. That adds up to about $4 per hour in our currency system.…
The minimum wage debate has been a disputed topic in the United States for many years since it was first implemented. In 1938, President Franklin D. Roosevelt signed a bill allowing for a federal minimum wage to be set (Grossman 1). 70 years later, many minimum wage workers and other government officials want to implement a 15 dollar per hour minimum wage. While the current federal minimum wage is $7.25 an hour, the negative impact of the economy explains why it should stay that way, if not be reduced or eradicated. In states that have implemented a higher minimum wage, there are already statistics to prove the economic decline.…
There are many conflicting views to the idea of raising the minimum wage for hourly workers in America. This trending political and social topic has been and is being pursued both on a federal level, and independently by governments of multiple states throughout the U.S. More recently, in early 2014, congress rejected the passing of legislation to increase the federal minimum wage from $7.25 to $10.10. Despite this hindering of a federal increase in minimum wage, several states have taken matter in to their own hands, and successfully passed legislations to increase their own pay floors. Specifically in the state of Michigan, the minimum wage increased in early September of 2014 from $7.40 an hour to $8.15 an hour. Along with Michigan, the…
Raising the minimum wage will just cause artificial inflation in the cost of goods. This not only hurts the minimum wage worker, but it hurts the entire consumer market. Consider this logical hypothetical situation. The lowest paid employee at a company is making minimum wage at $8 per hour, the next higher employee on the scale is the shift manager making $10 per hour, the assistant manager at $15 per hour and the general manager earning $25 per hour. If the federal government raises the lowest paid minimum wage employee to $15 per hour.…
In a political cartoon drawn by Nick Anderson for The Houston Chronicle, a man is depicted standing on top of a huge mountain of money. There is a smaller person standing on the ground with a sign that reads, “Raise minimum wage.” The man standing on the pile of money is saying to the other person “Your greed is hurting the economy.” The cartoonist is trying to make a point about those standing in opposition to a higher minimum wage. Anderson is saying that those who are against raising the minimum wage are extremely greedy, and that they are hypocrites for calling proponents of a higher minimum wage greedy.…
Millions of people and families would benefit from an increase in the minimum wage. Today the federal minimum wage is currently at $7.25, but should be at nearly $10, or better yet even higher. But the last time Congress voted to raise the wage to its current rate of $7.25 an hour was seven years ago. Since then, the cost of life 's essentials have shot up. Groceries cost 20% more, a gallon of gas costs 25%more, and average tuition at a community college increased 44%.…
Abstract Minimum wage in my opinion is a staple of the United States economy. It was first used in the United States in nineteen thirty-eight, and at that time the minimum wage was twenty-five cents, which at the time had the same value as four dollars now (Department). The guidelines it provides helps to keep pour economy running, but it doesn’t benefit everyone. The lack of unity between states when it comes to this economical aspect is a critical factor in determining the wellbeing of the United States citizens. Overview…