Minimum wage

Several studies try to examine the relationship between minimum wage and employment. Sabia et al. (2012) was interest in this topic and understood that previous studies have flaws. They tried to do something different by employing a synthetic control design. They were the first in literature to use this type of design for minimum wage. Based on evidence found from other literatures, economic theory suggests that minimum wage increases result in an adverse employment effect. However, the authors…

paid the federal minimum wage of $7.25 per hour. The condition of the lower class in the United States today is at a very low point due to the immense income inequality and unemployment rates. Not only are the economic conditions substandard, but also the lower class environment. Many of them are living in very bad conditions and are struggling to make ends meet. There has been a huge controversy about whether the minimum wage is a livable wage. A livable wage is defined as the wage needed to…

Minimum wage job workers want higher wages due to the cost of living increases that happen annually; while the business owners claim that an increase in minimum wage would force them to either close their business or sell it. Making ends meet for the two ladies who are over forty and in fields that only get paid minimum wage is not allowing them provide for their families without having to decide which bills to pay each month. Dirk Mateer and Lee Coppock (2014) explain that increased minimum…

I think that all employees should be paid the non-tip minimum wage, then be able to have their tip added on to their wage. I think this is the right way to go because there are taxes on their tips and wages, they will get tipped different amounts, everyone should get paid the same amounts, and tips should be a treat, not an expected finisher. Firstly, every employee is going to have a wage that already has been taxed, meaning it will be even less. Lets say they make seven dollars an hour. The…

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…

What is the minimum wage? Minimum wage can be defined as the amount of compensation an employee must receive for a specific job by an employer. These are special acts enforced to prevent employers compensating employees less than the minimum wage set by the government. Before the minimal wage was introduced in the United States in the early 1900s, New Zealand was the first country to enacted minimal wage laws in 1894. This law covered businesses and industries across its entire nation. The…

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 minimuning .Increaseing minimun wage will decrease povtery .…

self-evident that the topic of minimum wage has had quite the controversy between numerous groups of people including politicians, employers, employees and many more. The reason being, the raising of minimum wage affects every individual either in a positive or negative way. However, many individuals do not recognize these either harmful or positive affects the raising of minimum wage would affect them. To better understand the influence of raising the national minimum wage, it is important to…

federal minimum wage in order to improve economic equality. Increasing the minimum wage can help working families, businesses and our economy recover. Franklin Roosevelt signed the Minimum wage into law in 1938 with the hope of keeping the American people out of poverty. He did this in order to stimulate consumer spending and drive the American economy. The federal minimum wage is currently $7.25, which translates to $15, 080 per year if…

I believe that servers should be paid the higher federal minimum wage for non-tipped employes. Servers, even if they give good service, are often under tipped and in some cases, not tipped at all. As cost of living increases, a servers pay also should increase just as any other workers would when minimum wage is increased. In my expeirance, most servers at least try to do their job well. Being a server is a hard job. I personally, have rarely had a server that didn't a good job, and yet…