Preview

Should Minimum Wage Be Raised

Good Essays
Open Document
Open Document
581 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Should Minimum Wage Be Raised
Throughout the years minimum wage has been raised. The more it is raised, means all of the essential things of life will increase in price. Furthermore people will be fired and the unskilled people will be especially hurt. The minimum wage should not be raised based on the observation of what has happened in the past and what might happen in the future.
The raising of minimum wage would cause businesses to lay off many of their workers. This increases the unemployment rate in our country. Furthermore the poverty level in our country would be increased by raising minimum wage. Those people who one would think would benefit from a raise in the wage, would actually be negatively affected. Their increase in pay means a decline in the hours they are allowed to work. The decrease in hours is because the demand for the expensive products has gone down. The products have become more expensive, because of the raise in wages. Raising the wages starts a trickle affect that affects many people (ProCon.org).
Along with the raising of the minimum wage, many kids would lose their job. The employers are going to try and find people with
…show more content…
The robots that are being made now a days, can do complicated things. This will put the unskilled workers out of work. The employers won't have to pay the robots at all. They also don't have to make rules or monitor their workers because the robots are programmed to do the right thing. Andrew Woodman, JD, said " the raising of minimum wage could ultimately be the undoing of low income service jobs". This is a reasonable and logical statement from a highly educated person. Many people think raising the minimum wage helps the poor areas, but in fact it does the opposite. the employers would have to raise their prices which wouldn't help them make more money because the people wouldn't be able to afford it. This is true for little towns like wahoo also

You May Also Find These Documents Helpful

  • Good Essays

    Minimum Wage Changes

    • 792 Words
    • 4 Pages

    Firstly, the economy would be impacted due to job losses. Harris says, “The proposed increase in the minimum wage to $10.10 an hour would cost the economy 500,000 jobs”. An increase in minimum wage would negatively impact the flow of money in our economy. Secondly, minimum wage has already affected the food industry. Puzder describe food service jobs have plummeted in Seattle and San Francisco. In San Francisco 2,500 food service jobs have been terminated, and in Seattle 1,100 have as well. As you can see, raising minimum wage has already impacted jobs in large cities on the west coast. Thirdly, new businesses are discouraged because of larger minimum wages. Puzder continues to report, that new business startups were less than the number of business closures. Businesses are struggling to stay afloat in this economy. In sum, the economy in the United States would be negatively impacted by increased minimum…

    • 792 Words
    • 4 Pages
    Good Essays
  • Good Essays

    As the minimum wage increases, so does inflation. If an employer has to pay higher wages, then the price of the product or service being produced will have to cost more in order to pay the employee. In return the prices of all goods and services will rise, and the person earning higher wages, makes no gain. In some instances, a pay hike would not make a livable wage, but in fact could make it worse. People who normally get tax breaks for having a low income, would now end up paying more in taxes and may actually end up making less money overall. Higher minimum wages force employers to cut back on training, which deprive low wage workers of any chance of long-term advancement, in return for a small increase in current income. Having higher wages for low-paid positions might also discourage workers from gaining new skills. In most circumstances, minimum wage workers may start off at minimum wage and then as time goes on and their skills are refined, they end up getting paid more. So while many people may start off at minimum wage, many of these people don't necessarily stay fixed at minimum wage. There are many minimum wage jobs that offer advancement…

    • 2607 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    I firmly believe raising the minimum wage would be an awful idea. People would think minimum wage should be raise, they are wrong and it will hurt them and everyone else. No one will want to attend college. All of the goods will increase in price, and we will lose our subsidies. The economy will be better off, if the government decides against…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    in lemons). Cooper has a very valid point in this statement. By raising the minimum wage, it allows people to function on their own. It allows them to feel secure about their money, more so then they did before. They feel that they have some breathing room in the situation, and don’t have to scramble for money. Yes, raising the minimum wage will not help immediately, but in the long run it will have a lasting effect on the person’s financial situation. Last year my mom received a small raise, and it didn’t really help at first, but later down the road we were able to pay off some things and get ahead. People just need that little bit of security to help them keep going in…

    • 586 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Although raising the minimum wage may cause inflation, “According to Dr. Pacitti, inflation would likely less than 1 percentage point per year in the wake of a $15 minimum wage. ‘Firms could accept lower profits to offset any inflationary impact.’” (“Real Talk: The Potential Impact of a $15 Minimum Wage") This was also supported by John Wihbey, “Overall, price increases are modest: For example, a 10% increase in the minimum wage would increase food prices by no more than 4% and overall prices by no more than 0.4%, significantly less than the minimum-wage increase.” Many people fear raising the minimum wage would hurt the economy by causing inflation however, statistics show that raising the minimum wage has little effect on inflation rates and that its profits significantly outweigh the costs. Also, even though many businesses would have to reduce the number of workers, the number of people benefited greatly exceeds the number harmed. “Under the $10.10 scenario, there would likely be a reduction of about 500,000 workers across the labor market, as businesses shed jobs, but about 16.5 million low-wage workers would see substantial gains in their earnings in an average week.” (Wihbey "Effects of Raising the Minimum Wage) Overall, as research and calculations have shown, raising the minimum wage benefits the economy and workforce more than it does harm, and immediate actions should be implemented to help the economy grow and ensure equality in the…

    • 915 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Raising the minimum wage affects all workers young and old. You might might think that receiving more money is a good thing but it actually negatively affects the economy and its jobs. Raising the minimum wage will eliminate jobs because the employer has to pay the workers more so they will hire less and might replace them with computers or robots. Oxford University researchers Carl Benedikt Frey, PhD, and Michael A. Osborne, DPhil, stated in a 2013 study that "robots are already performing many simple service tasks such as vacuuming, mopping, lawn mowing, and gutter cleaning" and that "commercial service robots are now able to perform more complex tasks in food preparation, health care, commercial cleaning, and elderly care." Raising the…

    • 361 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Minimum wage should not be raised because it will cause loss of jobs. People would like minimum wage to be raised from $7.65 a hour to $15 a hour, low income…

    • 754 Words
    • 4 Pages
    Good Essays
  • Good Essays

    nowadays families rely on minimum wage to make earns means. when the income of a families increase, they are more likely to spend more which bring more money into the economy. Therefore, by raising minimum wage, the minimum wage workers will become financially stable and increase in their ability to purchase goods or services which in return create jobs for others. Minimum wage needs to be increase in order for every citizen to live a better…

    • 591 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    If low income workers are paid more they will spend more, and on a wider variety of products. If businesses have an increase in customers, that would cause the economy to grow. Consumer spending makes up about 70 percent of the United States economy, this percentage will likely to increase if more people have money to spend. If it stays stagnant then workers will rely on the government to assist them financially to get ahead. Also, raising the minimum wage would increase earnings and workers will be willing to put in more hours because they know that would be taking home more pay, making them feel more satisfied. This will give them a chance to put some money aside for the future. Although, critics claim that raising the wage would not be as beneficial, forcing businesses to limit staff, cut hours or rise prices, research has shown that hiking up the minimum wage has little to no effect on employment or that affected businesses can engage with slight price…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Raising Minimum Wage

    • 621 Words
    • 3 Pages

    Raising the minimum wage is a topic that often brings about much debate. But in the overall aspect, what such changes would it bring? People often fight over if it would be more of a good thing or more of a bad thing, throwing around misconstrued ideas before actually doing their research just because they heard it somewhere else. Well after much consideration, research, and discussion it does appear that it would be more beneficial to raise the minimum wage because it wouldn’t only lead to economic growth but also lead to job growth and a possible increase for job placement advances.…

    • 621 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Opponents of this minimum wage raise believe it will lead to layoffs for employees in low-skilled jobs; however, the research indicates businesses will be stable enough to handle paying reasonably more to their minimum wage employees. Additionally, raising the federal minimum wage will allow millions of workers to be financially independent which will save the taxpayers millions of dollars otherwise going toward welfare for the minimum wage workers. Another benefit of raising the minimum wage is better quality lives for hard working Americans making the minimum wage; people working full time should not be in poverty and raising the minimum wage can ensure full time workers are compensated fairly. Undeniably, there is a problem in the American economy if a full time employee relies on welfare and does not have a home to go to after working hours on…

    • 1215 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Many might say that raising minimum wage would increase financial problems. Minimum wage increase would hurt business and force companies to close. Although that may be true, raising minimum wage 10% would reduce the number of people living in poverty 2.4%. Minimum wage can help inflation. Help reduce federal deficit. Raising minimum wage would increase economic activity and spur job growth. As the nation we need minimum wage to pay our bills.…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A new issue that is being debated across the country is raising the minimum wage. Minimum wage is the lowest pay you can legally give to workers. The minimum wage is currently $7.25 an hour. There are some people that think the minimum wage should stay the same. Others think that is too low, and they want to raise it. However, research shows that the current minimum wage is high enough to live a normal life with essential needs. If minimum wage is raised then the effect will be huge. The economy will go down, teens and new workers won’t be able to find jobs, and it will only hurt the people it was meant for.…

    • 442 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The increase of minimum wage has been a topic throughout the years of our lifetime and the debate is getting bigger than ever. The current federal minimum wage is $7.25 per hour and it hasn’t increased since the year of 2007, however there are states such as Washington that has a minimum wage of $11.00 an hour. Although the increase of minimum wage can have some consequences, the increase of minimum wage has more to benefit. Raising the minimum wage would increase economic activity and spur job growth, A higher minimum wage would reduce government welfare spending, Americans won’t live for paycheck to paycheck, and millions of Americans will no longer need assistance on government assistance programs.…

    • 117 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    There has been a lot of discussion regarding the increase of minimum wage across the nation. Currently, the wage is set at a low amount of $7.25 an hour. In today’s society it is almost impossible to live on only an income of $7.25 an hour especially for those who are raising a family. In President Obama’s 2013 State of the Union Address, the president proposed to raise the minimum wage to 9 dollars by the year 2015 (Luhby). A higher minimum wage would help people living in poverty by providing better means of financial stability, and it would also improve the chances of those people trying to escape poverty stricken living conditions. Another bonus to increasing the minimum wage is that it could potentially…

    • 2313 Words
    • 10 Pages
    Powerful Essays