Who wants to make more money? Kind of sounds like a funny question because who doesn’t? Right. Well, there has been a constant debate over what the minimum wage should be in the United States. Sure, more money sounds great, but what does that mean for the economy? What does that mean for tradesmen or college-educated professions? Does that mean that their wages will equally increase or stay the same? Do they think that the prices of everything will increase? The United States raises the minimum wage, they will see all these things soon follow and the economy depletes.
It is hard to believe that in the 1930s, the very 1st minimum wage was set to 25 cents per hour. It is hard to think about what that would mean for us today if we only made 25 cents an hour. We would have to work 8 hours to make 2 dollars, which in today’s day in age, isn’t even a gallon of gas. Today the minimum wage is set at $8.55 per hour. Now, this is a rate that seems more liveable to me. Some people say that this is not a rate that citizens can make a living off of and live a comfortable life. The argument is if the minimum wage is said to be a rate for high school and college students to learn workmanship and to have an income to help with the little number of bills that they have. Minimum wage jobs are not meant for older adults, such as people trying to raise families, rent/buy a home, or even with a full spectrum of bills to pay.
Raising the minimum wage would ultimately hurt our economy. Prices of EVERYTHING would go up. The prices of goods and services would increase to compensate for the increase of companies having to pay their workers. For instance, instead of paying three to four dollars for a coffee at Starbucks that would cost us less than a dollar to make at home, we would be paying eight to nine dollars for that coffee because it will cost more to make and produce it and cost the company more to pay the worker that is making it. If people keep pushing to raise the minimum wage, we will see more and more computers taking over our entry-level jobs. For example, McDonald’s and other fast-food restaurants are already pushing towards automated ordering machines and store are having more and more self-checkout machines.
Making more money sounds good to everyone until you break down the pros and cons of the chain reactions that society will endure. It may seem like everyone is making a good amount of money, but in the long run, you will be spending more because of the way that inflation works. If everyone’s hourly wage is raised, prices will raise for goods and services and possibly layoffs will occur. Small businesses will no longer make a profit, and many will run out of business. All these things result in less jobs and more people in poverty.
The magnitude of the impacts of federal minimum payments has been a typical topic of discussion for years. Economic policymakers and academic researchers base minimum wage discussions in the context of poverty and increasing the wages. However, critics argue that there are many adverse effects on small businesses and the general economy of the country. […]
To a certain extent, I agree that it is effective in reducing poverty because it will help some workers who really come from a poor background. But if only a small percentage of the poor will benefit from it and if it helps more people who are above the poverty line than those below it, […]
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Order nowThe price control set by the government which is related to wages for work is called minimum wage. The current federal minimum wage is $7.25 per hour, but some states had passed laws that increased the amount. People should also be aware that minimum wage does not guarantee jobs. In fact, it only guarantees that […]
Minimum wage is put in place by the federal government. This amount represents the lowest amount a company can legally pay their employees. The current national minimum wage is $7.25 per hour. There are a few select states that have their own minimum wages in place. Employees tend to receive whichever is higher. The minimum […]
The federal minimum wage is seven twenty five an hour and is most certainly fair at that price. It is the basis and starting point for many Americans climbing the job ladder. Factual evidence and statistics can show raising it will hurt many more than it would help. A wage increase is well intended but […]
I think if we were to increase the federal minimum wage in the United States it would be an awful thing for our economy as a whole. There are many facts that prove an increase base pay would hurt our economy. According to Christopher Ingraham the minimum wage in California has gradually been increasing since […]
Increasing the minimum wage may seem like an obvious decision for some; why wouldn’t we pay poverty-stricken entry level workers more livable wages? However, there can be grave consequences that result from such drastic economic changes that must be considered, especially when these consequences hurt the intended beneficiaries. The minimum wage should not be increased, […]
Ellie Barraclough Mrs. Miles ENGL 201 16 Nov 2018 The Minimum Wage Must Be Raised As of July 2009, the federal minimum wage has been $7.25, which is far too low to make a living. The minimum wage must be increased for the betterment of our country. In 2016, 701,000 workers above 16 were paid […]
Fighting poverty is basically what every human being is doing or in fact trying to do during their lives. In order to keep themselves away from that, people would work in jobs that pay the minimum amount of money while they figure out what might be next. Minimum wage jobs would not help people to […]
There is a current issue that is become very popular at political debates around the US; to raise the minimum wage or to not? This question rose from the Fair Labor and Standard Act of 1938 which effectively set a livable rate at which employees could sell their work. The specific question that I will […]
It has long been debated whether the minimum wage would be beneficial for the poor. The minimum wage should be increased to help people from working-class families. The cost of living is so high, especially in major cities such as New York, that it is nearly unbearable to raise a family on a minimum wage […]
The federal minimum wage was first introduced in 1938 during the Great Depression under President Franklin Roosevelt, and since first being introduced, it has changed several times by Congress. The minimum wage is referred to as the lowest wage an employer can legally pay their employees. It was created to help Americans in poverty and […]
Throughout time minimum wage has played a big role on the way Americans make money. It has helped many people provide for themselves and their family, but with the cost of living and the economy constantly increasing it is making it harder for those who depend on a minimum wage job to be able to […]
On July 24, 2009 the federal government set the minimum wage throughout the United States at $7.25. Millions of middle and lower class families struggle to make financial ends meet. Meaning the wage isn’t even enough for a family of two or three children. While the wages are low, it is also a burden to […]
For many years now, people have been arguing over the minimum wage of $7.25. Some clam that it is too low and some even clam it is too high, but I have decided to do some research on the topic. In the book, Undocumented, Dan-el’s mother was a college graduate from the Dominican Republic and […]
Fighting poverty is basically what every human being is doing or in fact trying to do during their lives. In order to keep themselves away from that, people would work in jobs that pay the minimum amount of money while they figure out what might be next. Minimum wage jobs would not help people to […]
Across America, the ranks of the working poor are growing. Since 1938, when the minimum wage was first introduced (at a rate of $0.25 an hour), the federal minimum wage has increased 22 times. Twenty-one states have minimum wages at or below the federal minimum and various other states have minimum wages that are above […]
In the United States minimum wage is talked about more than any other countries. Minimum wage is the lowest wage permitted by law or by a special agreement such as one with a labor union. (dictionary.com) As of right now the minimum wage that is established by the government is $7.25, while here in Colorado […]
I. Introduction A. Attention Getter: Imagine this: You’re a single parent working a full-time minimum wage job, or multiple minimum wage jobs, and still are living paycheck to paycheck if you make enough to even provide for your family. Would minimum wage rising make this better? Or would there be a domino effect of higher […]
Increase in minimum wage has both its positive and negative sides. If the minimum wage is raised then there is chances that firms and companies will reduce hiring new employee and also may reduce present number of employee. Recently, the Amazon raised its minimum wages to $15 which was good news for all the employees […]
Minimum wage and it’s issue in America has sparked a profusion and has affected millions of individuals for years. The set minimum wage for those of whom are in the United States is $7.25 a hour for workers (Doyle, 2018). The problem with minimum wage in America is that it causes a lot of poverty, […]
Aleesa Harvey Ms. Kleinsasser Pre-AP English II 27 March 2017 Federal Minimum Wage Should Be Raised Do you want to get paid more? There has been a huge dispute between whether or not the federal minimum wage should be raised. Federal minimum wage was introduced in 1938, by Franklin D. Roosevelt, during the Great Depression. […]
The minimum wage is set by the federal government as the lowest legal wage companies can pay workers. The U.S. current national minimum wage is $7.25 per hour. States have their own minimum wage. Employees receive whichever is higher, the federal or local minimum wage. Minimum wage laws are set in place to stop employers […]
Minimum Wage and Its Impact: An Argument for Increasing the Federal Minimum Wage Since the Industrial Era, workers in North Carolina and across the US have fought for better working conditions, less hours, no child labor, and most importantly a wage that could support life in the United States. Throughout the years, many of the […]
The amount of money a person is paid should be based on their skills and knowledge, not on what the government decides is fair. Raising the minimum wage does not make that worker more valuable to an organization, it only makes him more expensive. Much of the workforce feel like they are being paid unfairly […]
There are a lot of people around the world who struggle with money because of the minimum wage. Minimum wages have been one of the biggest topics around the United States. Minimum wage is the minimum hourly wage an employer pays an employee for work. Since 1938, when the minimum wage was first introduced at […]
I think if we were to raise the minimum wage in the United States it would end up hurting out economy as a whole. There are many facts that show an increase in the minimum wage would hurt our economy. For example the minimum wage in California has gradually been increasing since 2006. The minimum […]
Introduction The minimum wage is the lowest pay that an employer can legally compensate workers and goes beyond employer-employee collective agreements and individual contracts. In the United States, the federal government has a prescribed minimum wage, and state administrations also have their wage policies which may differ with that of the central government. The wage […]
The discussion about whether or not to raise minimum wage laws has been at an unsurpassed high in the United States. There has been a lot of points made about what good can come to those who are working a minimum paying job, and there has also been points made over the negative effects it […]
Introduction The minimum wage has been, for a long time, a topic of discussion in almost all countries since it directly affects the lives of the citizens. There are arguments and counterarguments regarding the effects of the continuous rise of the minimum wages concerning the welfare of the people and the dynamics of the economy. […]
