That Gov. Jerry Brown agreed, stating that raising “the minimum wage too much” would put a lot of poor people out of work.” After the minimum wages rise up that There won’t be a lot of jobs available.That having the minimum wage at 15 dollar that there would be less jobs for people and the prices in a business will rise as the minimum wage rises. A “key factor” in this discrepancy was if that the 15 dollar minimum wage is confirmed the businesses will go down and there will be new businesses that will be opening. Jerry Brown stated that $15 would create “major increased costs, estimated at more than $4 billion annually,” sending “the state budget to annual deficits” and exacerbating a projected “recession by raising businesses’ costs, resulting…
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…
(Hanauer)Some people may think that is so crazy. However, the result is great. Seattle is the fastest-growing big city in the America. Washington state is generating small business jobs at a higher rate than any other major state in the nation. And the restaurant business in Seattle is also growing rapidly. The one of the reason is because the fundamental law of capitalism is when workers have more money, businesses have more customers and need more workers. If the employers can pay more money to workers, the workers will have more positive attitude on their work and bring more profits for their company. Nonetheless, there is also someone against to raise the minimum wage. The video named Does the minimum wage hurt workers? Antony Davies says “Minimum wage often hurts those who are most in need of our help.” (Davies, 2012)In this video, he uses an example to explain his opinion. Here are three people work at a same restaurant, Bob, Tom and Derek. The minimum wage of them is $8 per hour. Their income is depending on how many works they done. As the result, you can…
The minimum wage for california as of July 1, 2014 is $9.00 an hour. You may wonder why you are reading this for those who get paid more than minimum wage. Well every action has a reaction. Therefore , even if u get paid way more than minimum wage the debate raising minimum wage and not raising minimum wage will affect you. As an effect everyone has begun to chime in there opinions on the topic of minimum wage shedding…
Right now, most cities in the U. S. have higher costs of living than what the minimum wage is (Prah). This makes it impossible for anyone living in one of these cities to make ends meet, and even harder for those with children to survive. It is terrible to think about children going to bed cold and hungry because their parents only make minimum wage. Some cities have made small steps to help with this wage gap. 120 cities have made what they call “living wages” for businesses that work for city contracts. The wages range from $9-$16, but at least helps some (Prah). While this may seem needed, the numbers say thatp a higher minimum wage is not needed. Research done in 2013 found that 135 million Americans worked, and of those 135 million, only 3.8 million earned the minimum wage (N.a A.8). This is not even three percent of the employed, and because of less than three percent inflation of good would occur, along with unemployment and business relocation and…
In President Obama’s 2013 State of the Union address, Obama advocated for increasing the federal minimum wage to $9 per hour. The timing of Obama’s speech comes at a time when income inequality has become the biggest economic issue in the United States of America. During the Great Depression, The United States of America designed a minimum wage as part of the Fair Labor Standards Act. Since its inception, the government required minimum wage has grown from 25 cents to $7.25 per hour. Unfortunately, the erosion of consumer buying power has decreased at a compounding rate and in America’s consumerist society the expected standard of living has also gone up with inflation. In response to rising inflation with the Federal minimum wage, states should be allowed to make the decision on price floors such as minimum wage.…
A main controversial issue in todays society is whether or not to raise minimum wage and how much to raise it by. There comes both benefits and consequences to raising the minimum wage price. In an article written by David Henderson titled, “ Raising the Minimum Wage Will Not Reduce Poverty” Henderson discusses the consequences to raising minimum wage and how it may affect the youth and currently employed. In another related article found on the New York Post by Jonathan M. Trugman titled, “Raising minimum wage would cost a million people their jobs” Trugman confronts, “ The American worker is grossly underpaid, by about 25 percent to 30 percent — heck, wages have been stagnant for almost a decade.” (CITE) According to both David Henderson and Jonathon M. Trugman the consequence of raising minimum wage could amount to thousands to millions of Americans loosing their jobs and becoming unemployed. Though I concede that the minimum wage price should…
Minimum wage had been a huge problem in today's world. It affecting about 1.3 millions people a year and continues to grow. People been trying to raise minimum wage forever. Minimum wage is affecting the lower and middle class the most. Some people don't notice what's really happening because they're blinded to how much they really should be making. Inflation also has to do with minimum wage. We think we get paid more, but in reality we don’t. Raising minimum wage also means prices for good go up as well. Basically we still at the same place we started. That's how they get us, by making us think we are making more and were not.…
Although workers under age 25 represented only about one-fifth of hourly paid workers, they made up about half of those paid the federal minimum wage or less. In my poll, 100% of you said you would be more likely to apply for a job if you were paid $15 minimum wage. Just based on the data I’ve gathered amongst you, raising the minimum wage would cause more employment, more business. Lastly, it will improve the country’s health. A 2014 Human Impact Partners study by Rajiv Bhatia, MD, found that raising the California minimum wage to $13 an hour in 2017 "significantly…
Wouldn’t you like to have some more money for your time? The “effective” minimum wage is lower than it was when Reagan was president. While some believe that raising the minimum wage will not help those below the poverty line who do not currently have jobs, raising the minimum wage is a good idea because if you account for inflation, then the purchasing power of the minimum wage is 20% lower than when Ronald Reagan was president, and the men and women today do not want a handout but just a fair day’s pay.…
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.…
Currently, twenty-nine out of the fifty states pay a higher minimum wage than the federal minimum wage requires. Some of those states are just barely over $7.25 an hour; contrarily, others have wages as high as $9 and $10 (“State Minimum Wage”). This means more than half of the country has already raised their minimum wage. $10.10 would help one in five Americans (Quinn). Even though certain states have higher wages, they do not match $10.10. $10.10 is even below what the wage would be if it had kept up with inflation…
As stated previously, the current value of the federal minimum wage decreases yearly as the values of the American dollar decreases and the minimum wage stays the same. Currently only about seventeen states have created indexing laws to retain the value of the minimum wage (Fox). Rather than occasionally raising the minimum wage, as has been done in the past, the federal government must amend the minimum wage legislature to account for indexing. As most of the people living at or around the federal poverty threshold work in low-skill and low-paying jobs, the current system qualifying for welfare programs through job training, and career counseling should only be optional. A guaranteed basic income of 10,000 dollars annually to every qualifying adult resident, would help to subsidize the cost of living for these low-wage earners. Those who qualify for the basic income would have to be legal residents and not currently incarcerated. The majority of existing social welfare program would still exist as a safety net for those in…
While increasing the federal minimum wage has good effects on the economy and workforce welfare, it is shown with its fair share of disadvantages. For example, it will lead into reduction in job opportunities, and this is further explained in the online article, "Background Of The Issue - Minimum Wage,” whereby it states that in the first 25% minimum wage that happened in 1938 there was losses of jobs. (Minimum Wage - Procon.Org). Moreover, in reality around 1.3 million jobs will be lost in the event that the minimum wage is increased up to…
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…