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…
Minimum Wage Madness Raising the minimum wage sounds great to many citizens across the United States. More money is always better, but is raising the minimum wage really the best thing for America 's economy? Many questions are asked on how this will affect jobs and if it will help our economy grow. Whether it would be a benefit to our economy or not. How will it impact people living in poverty? Will small businesses be affected by this major spike in wage? Raising the minimum wage is not the…
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 very own…
inexperienced teens jobless. Many people think that the typical minimum wage worker is a poor single mother struggling to get by day to day when in reality, less than five percent of minimum wage workers are single mothers, struggling to get by. Under three percent of all workers in the United States earn minimum wage or less. Data from both the Bureau of Labor Statistics and the Census Bureau shows that most minimum wage earners are part-time workers and below the age of twenty-five. Very…
history, a wage gap has existed between genders. It has slightly closed since the 1960’s, but is still existent today. Recent studies have shown that the average working woman makes 78 percent of what the average working man makes. In other words, women make 78 cents to every dollar a man makes. (Vogtman and Robbins, 1). It is evident that this gap needs to close. Although the wage gap is said to end with time by some; others believe it can be stopped by raising the federal minimum wage,…
Families everywhere suffer every day from lack of money due to the low minimum wage standards. People who work minimum wage jobs and have children have a difficult time putting food on the tables and enjoying everyday living. Without a reasonable pay it’s not easy to afford transportation, food, clothing, schooling, or anything that requires money. The minimum wage in Rhode Island is currently seven dollars and fifty cents an hour, when calculated it comes out to about fifteen thousand…
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…
Workers and Living Wage “We should raise the minimum wage so that no one who works full time has to live in poverty." Barack Obama. There are some people living in their house and they have many things like TV, computers, tablets, phones, cars. But they live on the poverty line due to the high cost of living. Especially in the United States of America the minimum wage hasn't been increased for seven years, and that's why there are many families struggle and still on poverty line even if they…
The federal minimum wage, should not be raised because raising minimum wage help people get a step forward from poverty level instead of working had and also help improving the economy. According to the passage "higher minimum wage will cause businesses to shut down or fire workers, but that businesses will simply leave open positions unfilled as the cost employing entry-level workers rises". If we pay close attention on the outcome of raising minimum wage we can conclude that there is no point…
The federal minimum wage was passed in order to help lower income families afford higher quality goods. These goods can either be simple or complex. For example, purchasing a bed, being able to ride the bus, or being able to afford Internet. These are specific examples that will increase the standard of living. Workers who do not have the luxury of obtaining a higher education are usually stuck working at lower skilled job positions. Alternate forms of labor always threaten these certain…