Raising Minimum Wage Essay

Reasons Not to Raise the Minimum Wage Raise the Minimum Wage Would result in job losses. It hurt low skilled workers be harder to find a job. Minimum wage increases dose not reduce poverty. Result In higher Prices For consumers, the costs of minimum wage increases must be paid by someone.

Minimum wage would raise the wages of many workers and increment benefits what disadvantaged workers. An estimated 6.9 million workers would receive an incrementation in their hourly wage if the minimum rage were raised to $10.15 by 2015. Due to the spill over effect the 10.5 million workers earning up to a dollar above minimum wage would withal be liable to benefit from an incrementation. Women are the most astronomically immense group of beneficiaries from a minimum wage increase. Sixty percent of workers who would benefit from an incrementation are women.

Ever since the Great Depression, the minimum wage has been in effect in order to reduce poverty so that employees are paid a reasonable sum. Although the minimum wage can be beneficial and advantageous for individuals and to our economy as a whole, it can also be detrimental to our nation’s finances. The minimum wage was last increased on July 24,

Right now the quality of living in America isn 't necessarily high. Increasing minimum wage could mean better living conditions for people. If people have more access to disposable money then they can make the area around them more appealing some people might be able to do things for their kids that they couldn’t do

Raising minimum wage would hurt businesses and cause them to close. It could also be argued that raising minimum wage would bring the prices of items up. Nevertheless, the benefits that come out of raising minimum wage outweigh these reasons. Elevating the minimum wage will bring families out of poverty and provide a livable wage. According to America’s Unions, “Raising the federal minimum wage to $15 an hour by 2025 would raise wages of up to 27.3 million workers and lift 1.3 million families out of poverty” (It would also allow for people to be able to keep up with inflation and it would provide enough stability for the economy to grow.

I do not believe that it will be beneficial for the United States to pass a minimum wage policy that puts it over the poverty line. Basically, this will dive the prices of products up so companies can manage profits. Additionally, the demand for products will additionally drop because of the rise in prices. Since the demand for products will be dropping, this will lead to less money in the business owner’s packet, which can lead to job losses. Even though the minimum wage workers will have more money on pay day, the rise of goods will cause inflation, and they will still not be able to afford anything.

The federal minimum wage should be increased because raising it would increase the economic activity and spur job growth, decrease poverty, and also improvements in productivity and economic growth have outpaced increases in the minimum wage. Increases in job growth and economic activity will happen when the minimum wage is elevated. If the minimum wage was increased it will “inject 22.1 billion net into the economy and create about 85,000 new jobs over a three year period”. (“Raising the Federal minimum Wage to $10.10 Would Lift Wages for Millions and Provide a Modest Economic Boost") Thousands of new jobs will be created and it will put billions of dollars into the economy.

(Card and Kreuger 1995, p. 593) This finding shows that the minimum wages fail to reduce poverty because many poor Americans do not work. Also, this increase would not be well targeted at low income households, and would only influence negligible effects on the income inequality. All these evidence suggest that the minimum wage increases do not reduce

As stated in “Four Reasons Not to Raise the Minimum Wage” Mark Wilson noted "review of more than 20 minimum wage studies looking at price effects found that a 10 percent increase in the U.S. minimum wage raises food prices by up to 4 percent. One recent academic study found that both state and federal minimum wage increases between 2003 and 2007 had no effect on state poverty rates. " This supports my argument because it tells us how the food prices would also increase with the minimum wage. People should not believe that raising it would help us get out of poverty because everything would be the same as before. As a matter of fact the gas will also increase which means people would have a hard time paying for it.

Many conclusions of research have stated that raising the minimum wage will unlikely ease poverty, while some states say that raising the minimum wage will help lower-skilled workers out of poverty. The minimum wage of the United States is $7.25 per hour. Most people start out with a minimum wage and eventually move to higher paying jobs in the future. Those who have minimum wage careers are usually mothers of young children, less educated, or live outside urban areas. Minimum wage increases have lead people to poverty, having a negative impact on society; therefore minimum wages should not be increased.

If America raises the minimum wage to $9.00, it will help people in need or in poverty, but it also won’t hurt people in the workforce. If you increase the minimum wage to $15.00 it will make unemployment rates go high up. Which in the process, makes the homelessness rates go up in the country and in your community. If you keep the minimum wage at $7.25 people will stay in poverty and homeless or on the verge of homelessness.

There are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.

Minimum wage Minimum wage in America is poverty it creates a wage lower than the living wage. It 's only backbone of support is social welfare and the affordable care act medicaid and obama care so people who have low wage paying jobs and minimum wage has to rely on taxpayers and the government to pay with their subsidizes, Because social welfare no longer becomes support but becomes a lifestyle. Minimum wage is set by the Department of labor, and fair labor standards act they set a minimum wage and a overtime pay. Why isn 't minimum wage raised to living wage or out of poverty level? Because if minimum wage goes up so does the prices of goods.

By minimum wage people would have a higher standard of living and a easier way of life. This will then help the economy and jobs in the

By raising minimum wage, the value of these training opportunities and incentive to earn more money goes out the door. Truth be told, it’s just life, and life isn’t always fair. By raising the minimum wage, it opens up the opportunity for less qualified employees to earn the same amount of money as the higher skilled workers. If an employer believes an employee is highly qualified, they will start their pay higher than the current minimum wage. Some may beg to differ and say that if the company is small or big should be taken into considerations and that is actually Another reason the government should not raise minimum wage, because the size of companies varies.