Minimum wage

As shown in the Public News Service “Twenty-Nine states have set their minimum wage to $10-15.” During the summer of 2015, the New York wage committee decided to raise the minimum wage to $15. (Dilts) However, states that did not increase the minimum wage was thinking the consequences that will come after it. Then, throughout the media people such as, Connie Bennett at the Chicago’s McDonald’s, argued that all Americans who have low paying jobs struggle to make ends meet with bills, food, and…

available to them, which would be minimum wage jobs. Surviving on $7.25 is nearly impossible, especially when a family has to be provided for as well. With a family living off of that low of an income, there are not a lot of choices able to be made. The food bought has to be the cheapest there is, which is typically junk food, and there is not a lot of extra funds for other necessities for…

1938 which put into place a minimum wage to protect workers from being paid unfair wages. This was a huge step forward for the U.S. marketplace. The Minimum wage began at $0.25 an hour and currently it is at $7.25 (Alec.org). With the election approaching both candidates have views on what to do with minimum wage but what would actually help the country. Raising the federal minimum wage would actually hurt the lower and middle class for a few reasons. Raising the minimum would cause businesses…

Economic Change from an increased Minimum Wage? BUSI 620 Andrew Palmieri Introduction I need a raise! They don’t pay me enough to do this job. Each of these statements have been uttered by many of us a time or two in our professional lives. It seems as time progresses items and services are becoming more expensive and the wages don’t seem to follow the same trend. In fact due to the ever increasing cost of living across the country, many of politicians have…

Damaging Consequences of Raising the Minimum Wage Who wants to earn more money for performing the same work? Most of the working population would say “sign me up”. An often-debated way to accomplish this would be for the federal government to raise minimum wage. While on the surface, this simple idea may sound like a win-win proposition; but when logic and simple economics are applied, the result is a lose-lose proposition. Raising the federal minimum wage can actually have adverse effects…

vital. Economically, it affects everyone 's lifestyle. Minimum wage is one of the most important subtopics in economics. It is also one of the hardest topics to judge. Whether to raise the minimum wage or not is always questioned. Raising the minimum wage is beneficial for decreasing the gap between the rich and the poor, and increasing the consumers purchasing power. However, there are also consequences when it 's increased. Raising the minimum wage increases unemployment, decreasing the…

interest, minimum wage. Understanding the idea of price floors in the market system is a must. The most important things are the effects of price floors within the market system, a history…

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. As a part of Franklin Roosevelt’s first minimum wage, it has been raised 22 times by 12 different…

controversial topic in the United States currently is that the minimum wage is currently too low. Many protestors argue that families are not able to survive on it if one or both parents work minimum wage jobs. One side suggests that the minimum wage should be more than doubled to fifteen dollars an hour so that families would be able to provide for themselves and possibly even enjoy life. The other viewpoint of the argument is that the current minimum wage should stay the same as it is. Many…

The minimum wage among working Americans is being argued about and pushed more than ever for an increase. The set wage has not been changed in 5 years to compensate for the inflation increase and the general price of living. The wage among minimum wage workers is becoming a problem because those who require more are the ones who deserve it. Several categories consist of the wage group: college students, single parents, and simply uncertified personnel. The minimum wage is being fought to reach…