Wage

Paul Krugman, an editor for the New York Times, writes about current issues of minimum earnings in his editorial, Raise the Wage, published on February 17 2013. Paul discusses a increase in the minimum wage and how it would be beneficial to raise the current rate from $7.25 by less then $2. this increase would be in line with our natural inflation, would benefit the lower working class by raising incomes of “hard-working but low-paid Americans”, and supports his claim with rhetorical devices of…

potential employees. Reasoning behind this is includes trying to foster transparency and ease gender wage gaps. Elevations, a company that supports this, helped with employee discontent and improved recruitment efforts by setting salaries based on job titles and posting them online. The article goes on to explain that women are less likely to negotiate for higher pay, which ultimately contributes to gender wage gaps. Future consequences of this could widen the gap if companies don’t follow…

the past have repeatedly resurfaced. Today’s low-wage workers occupy the same space that unskilled laborers of the…

The minimum wage policy will cause more negative effects on people. Some people argue that minimum wage policy increases workers' productivity since the higher wage makes people more willing to find jobs and stay at their job positions. However, it will also create dead weight loss and inefficiency. Based on the graph shown below, minimum wage is set above market equilibrium price, functioning as price floor. Since the current wage is higher, employers that are willing to hire workers at a lower…

Minimum Wage for Minimum Skills The war over minimum wage in America is roaring on. On one side, people argue that raising the minimum wage will help many escape poverty and maybe even provide more jobs. On the opposing side, people argue raising the minimum wage would only reach half of those who really need it and result in a major loss of jobs; therefore, it would be unsuccessful (Gray). Of these two sides, I agree with the latter. Through my research, I have found out that there is going to…

Many debates on the impact that raising the federal minimum wage could possibly have on employment and the American economic system can be viewed on television today. Most of the arguments run along party lines with the yes vote on the Democratic side and the no vote on the Republican side of the aisle. Recently, on the Fox News channel, two people with differing opinions discussed the President’s desire to raise the minimum wage from $7.25/hour to $9 per hour. Mark Hannah and Tony Sayegh…

In Ira Knight’s speech, “Let’s Make the Minimum Wage a Living Wage”, he provides reasons to raise the minimum wage. In Janice Steele’s Huntington Post article, “Keep the Minimum Wage Where It is”, she states that increasing the minimum wage is not good for the economy and small businesses. In Ira Knight’s speech he gave more facts and evidence while Janice Steele’s article focused more on opinion. For that reason, Ira Knight’s speech has stronger support. To begin, Janice Steele’s article is…

“Minimum Wage Cruelty,” an article by Walter Williams, discusses the idea that minimum wage is at an acceptable level right now and doesn’t need to be raised. The articles opens with the reasons for raising minimum wage: fighting poverty, preventing worker exploitation, and providing a living wage. The inclusion of these reasons gives a basis for Williams to debate against. He is able to prove why raising minimum wage is bad to the reader, not just explain what happens when you do. To begin his…

specifically in the senate and the house, attempt to justify the minimum wage, they try to tell us it has helped out low wageworkers. But they have failed. As John Raese once said “The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don 't think it worked then. It didn 't solve any problems then and it hasn 't solved any problems in 50 years.” The idea that the minimum wage is “saving the middle and lower classes, saved by what, a law that allows…

Effects of Minimum Wage on Employment”, David Neumark displays the two consequences of increasing the federal minimum wage limit. He explains that teens and young adults will be the most affected if the minimum wage limit rises. He also clarifies that job losses will be inevitable and there would be a large amount of unemployed people in the United States. The results from this decision affects not only the workers, but the consumers as well. The increase of the federal minimum wage limit would…