Raising Minimum Wage Research Paper
Unit 6: Raising Minimum Wage
N’Joa Edwin
Kaplan University
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 …show more content…
Today, the real value of the minimum wage has fallen by nearly one-third since its peak in 1968. And right now, a full-time minimum wage worker makes $14,500 a year, which leaves too many families struggling to make ends meet.There are many states that have already approved minimum wage increase through ballot measures in 2014 election. Raising the minimum wage would raise the incomes of 28 million Americans. Therefore women would particularly benefit because they tend to work for lower wages than men. “88% of adults with more than a third over age forty work for minimum wage.” (Van Buren, 2014) Many breadwinners are working for minimum wage and it isn’t enough to support the household therefore raising minimum wage would help many struggling Americans whether full time or part time. Raising the minimum wage is an important anti-poverty tool, but the current minimum wage leaves too many families in …show more content…
Many families are struggling in America and raising the minimum wage would help many people. Starting 2014 many states began raising minimum wage hopefully all 50 states can raise the minimum wage to the amount necessary. Raising minimum wage would improve the United States by building a better economy rather than an economy with an increase in poverty and inequality.
References
Auerback, M. (2012, July 24). Top 5 Reasons Why Raising the Minimum Wage Is Good for You and Me. AlterNet. Retrieved from http://www.alternet.org/economy/top-5-reasons-why-raising-minimum-wage-good-you-and-me?page=0%2C0
Boushey, H. (2014, March 12). Understanding how raising the federal minimum wage affects income inequality and economic growth. Equitable Growth. Retrieved from http://equitablegrowth.org/research/understanding-the-minimum-wage-and-income-inequality-and-economic-growth/
Van Buren, P. (2014, August 27). Arguments Against Raising Minimum Wage Don’t Hold Upp. Huffington Post. Retrieved from
N’Joa Edwin
Kaplan University
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 …show more content…
Today, the real value of the minimum wage has fallen by nearly one-third since its peak in 1968. And right now, a full-time minimum wage worker makes $14,500 a year, which leaves too many families struggling to make ends meet.There are many states that have already approved minimum wage increase through ballot measures in 2014 election. Raising the minimum wage would raise the incomes of 28 million Americans. Therefore women would particularly benefit because they tend to work for lower wages than men. “88% of adults with more than a third over age forty work for minimum wage.” (Van Buren, 2014) Many breadwinners are working for minimum wage and it isn’t enough to support the household therefore raising minimum wage would help many struggling Americans whether full time or part time. Raising the minimum wage is an important anti-poverty tool, but the current minimum wage leaves too many families in …show more content…
Many families are struggling in America and raising the minimum wage would help many people. Starting 2014 many states began raising minimum wage hopefully all 50 states can raise the minimum wage to the amount necessary. Raising minimum wage would improve the United States by building a better economy rather than an economy with an increase in poverty and inequality.
References
Auerback, M. (2012, July 24). Top 5 Reasons Why Raising the Minimum Wage Is Good for You and Me. AlterNet. Retrieved from http://www.alternet.org/economy/top-5-reasons-why-raising-minimum-wage-good-you-and-me?page=0%2C0
Boushey, H. (2014, March 12). Understanding how raising the federal minimum wage affects income inequality and economic growth. Equitable Growth. Retrieved from http://equitablegrowth.org/research/understanding-the-minimum-wage-and-income-inequality-and-economic-growth/
Van Buren, P. (2014, August 27). Arguments Against Raising Minimum Wage Don’t Hold Upp. Huffington Post. Retrieved from