Raising Minimum Wage In America

Words: 2004
Pages: 9
Open Document
Raise The Minimum Wage
When there are millions of Americans living at or below the poverty line, something has to be done. Billion dollar companies and businesses that employ workers, and pay them low wages is hurting the economy. The reality is, unless the minimum wage is raised, the cycle will only continue. The economy will suffer greatly and the people of America will feel the impact. With higher minimum wages in place, the entire country does better and, therefore, the minimum wage should be raised. There needs to be laws put in place to raise the minimum wage. Doing so would boost the economy with all of the money that Americans would be putting into it. With higher minimum wages, millions of Americans can get out of poverty, not having …show more content…
Since the 1970s, productivity has risen dramatically, all awhile the minimum wage has not. Both the middle class and low class workers’ incomes have barely changed much. Because the minimum wage rate has not kept up with the productivity rate, millions of Americans are not earning the pay they should be. Somewhere along the line, it seems as though Congress stopped increasing the minimum wage as they should have been doing. There is ample detailed evidence on how the labor markets improved after the minimum wage was increased. As quoted by Cooper, “At its peak in 1968, the minimum wage was close to $10 per hour in today’s dollars. Yet after decades of delayed and inadequate increases, today’s minimum wage of $7.25 is about 37 percent of the average wage. We have let the lowest-paid workers fall considerably behind”. Change drastically needs to take place to avoid a country that becomes rich, but the people become poor. Economists who studied these claims to death and here is what they found:
The best research shows that minimum-wage increases have little to no effect on the employment. In fact, there is ample evidence that labor market conditions improve after a minimum-wage increase because low-wage workers have more money to spend, and they’re less likely to be scrambling to find higher-paying jobs. That’s why 85 percent of small businesses already pay wages higher …show more content…
In “The Real Argument for Raising the Minimum Wage” an article written by Harvey, John T., brings up Michelle Bachman’s perspective on the minimum wage increase approach which is that by eliminating the federal minimum wage would cause an increase in the number of job offers perhaps that would be sufficient enough to virtually wipe unemployment completely out. Raising the minimum wage only help America. By putting more money in the hands of Americans in the United States, more money would be spent, giving the economy the boost it needs. Stated best in USA Today “Raising the Minimum Wage is Common Sense: Colum”, the minimum wage should go up when the cost of living goes up. The debt deficit should not be an inheritance that is passed on to future
Show More

Related Documents: Raising Minimum Wage In America

America Should Not Raising The Minimum Wage In America

Minimum Wage The Speaker of the House, John Boehner, believes that America should not raise the minimum wage in America and he is right. raising the minimum wage will only hurt the people that it should help. Small businesses and even large companies will have a hard time coming up with the extra money to pay their employees. This will affect the consumers because prices will inflate so that businesses can continue to make a profit. The money has to come from somewhere and the businesses can't…

Words 387 - Pages 2

Raising Minimum Wage

Some, however, think that the minimum wage should not be increased. The phenomenon that is ‘raising the minimum wage’ is relatively new and often times people and cities are uneducated and are unaware of the full effects of raising the minimum wage. “The fight for 15 dollars is a relatively new phenomenon” (Saltsman, 2017, p. 2). Because this is a new problem for America, it often leads people to believe it is in everyone's best interest to raise it, however it could lead to extreme consequences…

Words 676 - Pages 3

Why Minimum Wage Is Important

Minimum Wage and Why It Is Important Brian. J. Sartor. Howell High School Senior English Ms. Sebestyen 3/6/2024. Minimum Wage and Why It Is Important “[Eric Greitens] has rejected calls to veto the [minimum wage preemption] bill, meaning the minimum [wage in St. Louis] will drop from $10 an hour to the state wage of $7.70.“ (Chang, 2024) Minimum wage has been something often disputed between political parties, but when it comes down to it, raising the minimum wage will help the most people…

Words 1884 - Pages 8

Raising Minimum Wage Research Paper

Raising The Wage Disengage The Pay. Hearing about a minority family where the mother works barely paying by ends meeting, when you realize that they're working a minimum wage and hear more people having the same thing. So many people formed the idea that raising it will help which it does help but, there are point where it can become too high. Federal minimum wage shouldn’t be raised to $15.Because minimum wage is not a living wage. Raising the minimum wage has a bad effect for everyone. It makes…

Words 1346 - Pages 6

Should Minimum Wage Be Raised Essay

others across the world, America is the land of opportunity, but one issue is changing the American dream from aspiring to be the very best, to getting by with the littlest work. The big problem that the United States is facing, is the issue of increasing minimum wage. People throughout America have been fighting for higher wages, but they do not know what would actually happen if the minimum wage was made higher. One of the major issues that would occur if the minimum wage was raised, is thousands…

Words 724 - Pages 3

Essay on Unemployment and Minimum Wage Welcome

Minimum Wage Welcome to McDonald’s can I take your order? That’s what most people in America are saying. Imagine going into work every day knowing that you’re barely making ends meet, and then having to put on a forged smile, pretty miserable right? Thinking to one when my misery will end? That’s why I feel as if the government should get involved and make a law raising the minimum wage. Primarily, last year President Obama Stated, “No one who works full time in America should have to live in poverty”…

Words 322 - Pages 2

Pros And Cons Of Raising The Minimum Wage

Should Minimum Wage Be Raised or Not? The minimum wage articles discussed the benefits and disadvantages for people and businesses. According to “Let’s Make the Minimum Wage a Living Wage” by Ira Knight, raising the minimum wage would have benefits for people. He presents strong facts and arguments in his article. On the other hand, “Keep the Minimum Wage Where It Is” by Janice Steele, she argues that raising the minimum wage would affect the people negatively. Although both articles had good points…

Words 391 - Pages 2

Minimum Wage Pros And Cons

Should minimum wage be increased worldwide? For years the economy has been debating about raising minimum wages and some states has pasted the federal law to raise minimum wages. The most three important pros for raising minimum wages is increase economic activity, source to make more jobs and help government welfare spending. It’s no brainer for government or congress to raise minimum wages to $10 or 11 dollars. A. Raising minimum wages help increase economic activity because 1. “These wages increases…

Words 286 - Pages 2

Minimum Wage Should Be Raised

question if minimum wage should be raised or not. The majority of American citizens are in agreement with the increase in minimum wage, in fact, most Americans want it to be raised to at least fifteen dollars. Undoubtedly, the country as a whole would benefit greatly with an increase of the minimum wage in all aspects of its society. For instance, the last six years the minimum wage has been set at seven dollars and twenty five cents an hour. Currently, a person working full time on minimum wage in the…

Words 956 - Pages 4

Essay On Raising Minimum Wage

Many people question whether or not the minimum wage should be raised or not. The reasons as to why people support the raising of the minimum wage are that it will not only stimulate the economy but also reduce the need for government assistance, and increase the living qualities of many families. The arguments against raising the minimum wage come mainly from people who assume that minimum wage jobs are in the fast food or that teenagers are the only people who work them, but in reality, fast food…

Words 832 - Pages 4