Word Count = 340
Word Count = 340
In “The Pay is Too Damn Low”, by James Surowiecki, he makes a claim saying that the minimum wage is too low regarding low wage jobs like McDonald’s. In response to this article, I completely agree with the author, these types of jobs are not only occupied by teenagers, but also by adults that need jobs. The author made me feel that minimum wage jobs were not made for adults that need to provide for their families, unfortunately though, these are the types of jobs that are always easily available. Surowiecki reasons that the minimum wage needs to be raised so that low wage jobs can turn into the type of employment that can support a middle-class family. The warrant from this article that I pick up is that the current minimum wage is too low.…
When you hear high school and college students talk about their employment experiences, all they seem to say is how they don't get paid enough. I've even said that myself quite a few times. Well, in a way, they are right; but this statement does not only include that average student, it also includes many adults and families who are trying to live on minimum wage jobs. In today's society, this is almost impossible. An increase in the federal minimum wage is in the interest of the nation as a whole, although it will impose some costs.…
Many Americans lose their jobs everyday, because small businesses cannot afford to pay more money and insurance for their employees. When this happens, the owner of the company fires some employees to maintain his company or he closes his company. This is an outcome that happens very often, and it is forcing many owners to fire employees leading to high rates of unemployment all over the country. Bureau of Labor Statistics (BLS) data reveal that during 2013, “states with minimum wages above $7.25 per hour averaged higher unemployment rates and lower net job growth rates than states with minimum wages at $7.25 per hour” (n.pag). While raising the minimum wage would help stimulate the economy due to the increased spending power of workers receiving higher wages, a former CEO [Ed Rensi] of one of the biggest employers in the United States explained that too high of a government-mandated minimum wage would have a deadly effect on employment” (n.pag) And this seems to be only a small part of the problem, According to Ed Rensi, a chief executive officer (CEO) of McDonald’s, “a higher minimum wage would not only kill existing jobs but also result in closing a substantial number of small businesses, from 15-20%. In theory, raising the minimum wage forces business owners to raise the prices of their goods or services, thereby spurring inflation and unemployment” Ed Rensi…
This has become one of the most important keys to their success. Fast food jobs were mostly part-time, provided little training and came with no benefits. In Chapter 3, Schlosser writes, “The fast food industry pays the minimum wage to a higher proportion of its workers than any other American industry. Consequently, a low minimum wage has long been a crucial part of the fast food industry’s business plan. Between 1968 and 1990, the years when the fast food chains expanded at their fastest rate, the real value of the U.S. minimum wage fell by almost 40 percent…While the real value of the wages paid to restaurant workers has declined for the past three decades, the earnings of restaurant company executives have risen considerably.” The fast food industry continues to flourish while corrupting their employees. This plays a major part in our society because immigrants are always in the bottom when it comes to social class, not because they don’t work hard but because they’re given unfair wages.…
That the mimic wages often involve protracted political battles, Did you know that one in five Americans worked in the poverty levels by the guide lines of the federal government,” Paul Oysterman, an economist at the M.I.T. Sloan School of Management wrote in a recent New York Times editorial. He says the current minimum wage is lower, in inflation-adjusted terms, than it was in 1968. Currently, 6 percent of all hourly workers make no more than the federal minimum wage of $7.25, TIME.com In theory it sounds like a good idea to give everybody a raise, but at what expense? By raising minimum wage it was supposed to make it where people would be able to support themselves and get off…
"This book is about fast food, the values it embodies, and the world it has made," writes Eric Schlosser in the introduction of his book, Fast Food Nation. His argument against fast food is based on the premise that "the real price never appears on the menu." The "real price," according to Schlosser, ranges from obliterating small business, spreading pathogenic bacteria, exploiting workers, accelerating urban sprawl, to creating a generation that is fatter and less fit than ever.…
As fast-food companies grow, so does their power over the economy. Those elite watch their companies grow and do anything to keep their profits growing too. Most workers in America are living under minimum wage than having high paying jobs. The reason is because the few high earners, have created a monopoly over Americas income; giving themselves a healthy portion of what their workers deserve. (Source A) Not only of what the workers deserve, but what they need to live and be able to support their families. Obama has stated "Nobody who works full-time should have to raise their children in poverty." But in reality, Obama would do anything to help, except give up any of his hefty income to help the lower class. Neither would the corporate and big business owners that demanded they were deserving of $15 an hour. As the owners get richer, their workers struggle to make ends meet.…
No business which depends for existence on paying less than living wages to its workers has any right to continue in this country. President Franklin Delano Roosevelt worked hard to improve wages for workers. The first act requiring employers to pay a minimum wage was the Fair Labor Act Standards Act of 1938 was during President Roosevelt's administration. It passed important laws concerning child labor and maximum hours per week as well as wages to workers of certain industries. Workers today are still fighting to make a living wage.…
The 20-percent increase in the federal minimum wage scheduled to occur over the next year may not be the best way to boost the incomes of low-skilled workers and their families. This article explores the purpose and impact of the minimum wage in an effort to discover whether it is a good idea.…
Minimum wage is a serious issue in America. Many people such as president Obama has made raising the minimum wage a priority. President Obama claims it would increase earnings for millions of workers and boost the bottom lines of businesses across the country. Raising minimum wage was the core of the president campaign against “income equality.” Evidence suggests that raising minimum wage would do little to reduce poverty or inequality. Some say minimum wages increases tend to reduce employment increase job turnover discourage part time work and reduce school attendance, meanwhile increasing the minimum wage will lift wages for 28 million Americans, and grow the economy…
Everyone has had a point in their life where they were not satisfied with their pay- whether it’s at a fast food restaurant or a higher business job. Many teenagers and young adults start working at a low-wage job to gain experience and earn a little money. However, because of the minimum wage, many people get an education or learn required skills to shoot for a higher paying job making it a good reason why the current minimum wage isn't so bad. It gives teenagers a chance to gain work ethics and experience and encourage others to work even harder.…
This paper will talk about the subject of minimum wage in America. Right now it is a struggle for those who work and receive the 7-10 dollar an hour pay. With that type of income a family of three (two parents working (minimum wage) and one child) will only make $30, 160 in a year. Now we all know that you cannot do much with $30,160, but that does not mean that they deserve more than that. People deserve what they put in. That is why people who work hard tend to earn more money than people who do not. Here are three reasons for why the US should not raise the minimum wage. The minimum wage is for people who do not try hard enough in school, it will also raise the prices that we pay for, and it will also just make inflation increase at a much faster rate.…
The Minimum Wage rate policy dramatically affects U.S citizens. The amount of the wage rate, shapes people’s well-being; it can either benefit or hinder Americans. Currently, it causes a hindrance on low-income. However, not everyone agrees that the policy should be adjusted, and this is what sparks the nationwide debate. In many states across the country, people are protesting and petitioning against the government to increase the federal minimum wage.…
“With a high wage maybe I’d be able to move out of my father’s house. Maybe I could get off food stamps. Maybe I could start giving back to the economy,” says Tenesha Hueston in “Working Poor in America” a report by Oxfam America. Hueston is a single mother of 4 and works at a fast food restaurant as a manager. However, she is only gaining $7.75 an hour. It’s embarrassingly sad how America does nothing to make minimum wage workers ascend with the cost of living. Therefore no upward mobility is being made when the minimum wage is holding people back.…
While people working fast food jobs are mandating 15 dollars an hour, no one addresses the consequences that can be expected from the increased wages for little to no skill jobs. If the minimum wage was increased across the board, it would force companies to overpay for labor which is not good for economy because it does not allow for efficient markets. When markets are not efficient prices of goods and services can experience negative upward and downward pressures on the prices of the factors of production. Overall, if wages were increased too high and too quickly, it would have an instant negative Impact and serious Long-term ramifications…