Preview

Summary Of Raising Minimum Wage

Satisfactory Essays
Open Document
Open Document
407 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Summary Of Raising Minimum Wage
The Federal minimum wage needs to be raised from the current $7.25 an hour to a higher amount because it will help businesses, our minimum wage is low by many international standards, and the current minimum wage is not the living wage.
Raising the minimum wage will help business, not hurt them. According to the CEPR from June 2014, the 13 states who raised their minimum wage saw faster job growth compared to the national average, opposed to fears of a shortage of work if this is enforced that the graph points to. An example of when this has worked is with farm subsidies that have acted like a higher minimum wage for farmers and the agriculture business has done well, as cited in the lesson.
Additionally, the United State’s minimum wage is
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    1-6 Journal From Problem To Persuasion
    • 340 Words
    • 2 Pages

    1-6 Journal From Problem To Persuasion

    Many business owners have argued that raising the minimum wage would cause hardship and cause businesses to raise their prices, but many workers argue that raising the minimum wage is necessary to help low-income workers to get out of poverty. Two main issues that workers face are insufficient wages to support their families which causes them to depend on government funding. Secondly, workers are faced with decreased job satisfaction due to making low wages. In my opinion, minimum wages should be increased because it will allow workers to feel that they have job security. Additionally, increased pay will allow people to further support themselves and avoid taking benefits from the government and can use…

    • 340 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Change in Federal Minimum Wage
    • 605 Words
    • 3 Pages

    Change in Federal Minimum Wage

    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.…

    • 605 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Raising The Minimum Wage Essay
    • 455 Words
    • 2 Pages

    Raising The Minimum Wage Essay

    While some may argue that raising the minimum wage would help those who don’t have enough money to buy resources, the US should not raise the minimum wage because it will result in people losing their jobs and things getting more expensive. Raising the minimum wage directly affects society because if a lot of people get fired and everything gets more expensive it will be harder for people to get the things that they need to survive.This won’t help the economy it will worsen it. That is why the US should not raise the minimum…

    • 455 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Pros And Cons Of Raising The Minimum Wage
    • 586 Words
    • 3 Pages

    Pros And Cons Of Raising The Minimum Wage

    As stated in the pros column written by David Cooper, minimum wage should be raised to help people in poverty, help people pay for education, and to allow people to have some assurance when it comes to money. A raise in the minimum wage would help many people.…

    • 586 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    The Benefits Of Raising Minimum Wage
    • 1110 Words
    • 5 Pages

    The Benefits Of Raising Minimum Wage

    Raising minimum wage in the United States will affect our economy because of the high rates caused by inflation. Many people are constantly complaining about the low pay they receive in their checks by the end of the week. They constantly complain about the fact that they can barely afford to pay their bills, and if…

    • 1110 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Pros And Cons Of Raising Minimum Wage
    • 250 Words
    • 1 Page

    Pros And Cons Of Raising Minimum Wage

    Rising minimum wage in America would make unemployment worse. Bumping up the minimum would be a burden on employers. According to salary.com employers would not be able to hire more people and may even have to lay people off. Exactly why raising the wage would have a bad impact on the economy.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Persuasive Essay On Minimum Wage
    • 535 Words
    • 3 Pages

    Persuasive Essay On Minimum Wage

    A minimum wage is the lowest remuneration that employers may legally pay to workers. It is the price floor below which the workers may not work. Minimum wage is set by the federal government or the state in any country. It differs from country to country and states to states. Increase in the minimum wage benefits the workers and their family. It helps to increase the demand of the goods and services which will help in the supply. There are conditions under which raising the minimum wage will increase the demand of the goods and supplies and help in economic efficiency. If the minimum wage is low then there will be buyer of low wage in the market which won’t increase the demand of the goods. The increase in demand will help to create more jobs and more sales. So positive change in minimum wage is necessary.…

    • 535 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    “The American Dream, Alive or on Hold"
    • 560 Words
    • 2 Pages

    “The American Dream, Alive or on Hold"

    Increasing the minimum wage will not only benefit the worker earning the amount, but also the other workers that earn more than the minimum wage. The minimum wage is seen as the base number from which their wages are calculated, so if that number is raised, their earnings will increase accordingly. The minimum wage barely covers the cost of living in the United States, Americans end up having more than on job to be able to sustain their household. The American dollar amount has increased in the past few decades but the correlation between the minimum wage has decreased. If the minimum wage had increased with the way the dollar amount has the minimum wage would be up to $21.72(dol.gov).…

    • 560 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Should Minimum Wage Be Increased?
    • 973 Words
    • 4 Pages

    Should Minimum Wage Be Increased?

    According to the reference (Issues Surrounding the Minimum Wage Debate REVISION 2- Bruce D. Philips,NFIB Research Foundation, 11/30/05) increasing the minimum wage hurts low-skill employees. Most economists agree that increasing the minimum wage destroys jobs. This job loss is concentrated on the least skilled employees in the economy. Research from Duke University, the University of Wisconsin, and Michigan State University indicates that increases in the minimum wage hurt low-skill employees. Cornell University economists found that groups such as high school dropouts and black young adults suffer four times more employment loss from a minimum wage increase than their non-black and more educated counterparts.…

    • 973 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Pros and Cons of Raising a Minimum Wage
    • 1127 Words
    • 5 Pages

    Pros and Cons of Raising a Minimum Wage

    In 2007, President George W. Bush signed into law the Fair Minimum Wage Act of 2007. The act stated minimum wage would rise from $5.15 to $7.25 within two years following a three-step schedule. The steps were: from $5.15 an hour to $5.85 an hour on July 24th, 2007; from $5.85 an hour to $6.55 an hour on July 24th, 2008; and from $6.55 an hour to $7.25 an hour on July 24th, 2009. The federal minimum wage has since remained at $7.25.…

    • 1127 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Should Minimum Wage Be Raised Essay
    • 955 Words
    • 4 Pages

    Should Minimum Wage Be Raised Essay

    The minimum wage must be raised today because the cost of living has gone up drastically. Education is essential today, and that price tag has increased drastically in the past twenty years as well. People should not have to fight for equal pay for equal work. Companies should be forced to pay their workers what they deserve, and that is more than minimum wage is now. With our new technology and the technology in the future work is harder and more complicated. A minimum wage increase would raise the wages of many workers and increase benefits to those disadvantaged workers.…

    • 955 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Should Minimum Wage Be Raised?
    • 413 Words
    • 2 Pages

    Should Minimum Wage Be Raised?

    Every penny counts. I believe the minimum wage should be raised because the minimum wage isn’t enough to support workers and their families, and it is good for economic recovery.…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Raising Minimum Wage
    • 497 Words
    • 2 Pages

    Raising Minimum Wage

    The first benefit of raising the minimum wage is that such a raise will help bring a significant population of workers out of poverty. According to the U.S. Bureau of Labor Statistics, in 2012, approximately 9 million American workers earned a minimum wage per hour or less…

    • 497 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    The Pros And Cons Of Raising The Federal Minimum Wage
    • 333 Words
    • 2 Pages

    The Pros And Cons Of Raising The Federal Minimum Wage

    My research leads me to stand behind the idea of raising the federal minimum wage, within reason. Doing so would raise the standard of living, it could create more tax money for the government, and workers would, without a doubt, gain more motivation to work harder and more diligently on the job. In my opinion, it would not be right to significantly raise federal minimum pay.…

    • 333 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Raising Minimum Wage Research Paper
    • 915 Words
    • 4 Pages

    Raising Minimum Wage Research Paper

    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
    Read More

Related Topics