There is a lot of controversy as to why Ontario’s minimum wage should or should not be increased to $14 per hour as of January 2018, then $15 per hour the following year. People in Ontario are struggling enough trying to find a job in the current economic state (this statement needs a reference). Since minimum wage has risen, smaller companies have had to let employees go due to being unable to afford their employees at the new minimum wage; it is coming down to having more employees to increase productivity or keeping the business open with fewer employees doing the work of two employees (needs a reference). Even the large companies like Tim Hortons are challenged with being able to meet this new obligation for their employees (reference).…
Most Americans think that raising minimum wage will reduce poverty, but yet do they know that raising the minimum wage will not do anything to poverty (Sherk). Workers that work hard and long hours should be able to feed and house their family (Harkin 18). Raising the minimum wage would hurt the economy more than help it. State hourly minimums range from $7.50 in Arkansas to $9.47 in Washington state (Desilver)…
Minimum wage is a relatively new concept in the labour market. It was created with the idea that minimum wage will be a stepping stone into a better paying job in mind. As the years have gone by, minimum wage jobs have evolved from supporting teenagers and giving them the necessary experience in the work field to supporting families. It’s this change in dynamics that fuels the argument that minimum wage should increase to a living wage. What people fail to realize is that minimum wage exists for a reason and should it be increased; the positive impacts are outweighed by the negative impacts in the economy.…
Why Minimum Wage Should Not Be Raised: Minimum wage is one of the most discussed topics in the U.S, whether or not it should be raised or lowered. It has drastically increases since it first started at 0.25 in 1938 (Politics of minimum wage) to now 7.25 in 2009 (Politics of minimum wage). Despite the poverty rates in America, minimum wage should not be changed, because it will just be an accessory to raising production cost. Raising minimum wage would not necessarily ruin the economy, but it would raise the production costs and the pay for every employee, not only would it raise production cost, but it would also lower employment rates and raise hours worked by one person. If the employee does not meet the requirement, then the company’s revenue…
The minimum wage in the US is well below that of other advanced countries. The economist estimates that the minimum wage should be about twelve dollars an hour in the US based on our GDP. A higher minimum wage not only increases worker’s income, which is sorely needed to high demand and get the economy going. “Raising the minimum wage to $10.10 would create economic prosperity and put more money into the pockets of hard-working Americans” (“Reasons Raise minimum wage chart”). Raising the minimum wage to ten or more will help the workers to turn around and spend that money, which is a huge boost for the economy.…
Since 1938 the United States government came up with an idea called minimum wage. The reason why minimum wage jobs were made were for people in poverty to get a better job or to go back to school or kids so they could make money for school and other things. So making minimum wage higher to help these people out to get to the next step is what we want to do. In the article “Raising the Minimum Wage: Effects on Family Poverty” by Ronald B. Mincy, states that two men named Edward M. Gramlich and Terrence Kelly proved “that most work low wage workers are not poor.” (18).…
Introduction The steady decline of youth voter turnout in Canada calls for drastic action to reverse this trend and engage youth with their civic responsibilities to ensure a strong voter turnout that will ultimately arbitrate the health of Canada’s democratic system in the future (Elections Canada, 2011). Political education within formal institutions is perhaps the most penetrative opportunity to reach youth across Canada (Canada’s Public Policy Forum, 2012). Despite this opportunity to access the minds of young Canadians in their most impressionable years, critics frequently accuse the government of not providing an adequate focus on political education within the required school curriculum. With a focus on the Kantian ethics of “means…
With the current minimum wage in Ontario starting off at $11.40/hour it makes it very difficult for people to make a living for themselves, especially those who come with very minimum background of education and is forced to work jobs that are paying as low as minimum wage. Families who are new to the Country that come in as refugees are forced to live in poverty, therefore leading the kids in becoming affiliated with illegal money to help provide themselves and their families with some money. Additionally, with the cost of living rapidly increasing, and the minimum wage gradually going up it makes it difficult to make a living from such little money. If minimum wage workers in Canada were being paid more fairly compared to how much work they…
One of the most frequently asked questions in our country seem to be should minimum wage be raised or should it be lowered or eliminated altogether, from where I stand minimum wage should be raised. Changes to the minimum wage would strengthen the economy and business, lift Americans out of poverty. Paying people a fair wage is a sign of respect and acknowledgement of the value of people contributions to the business. Increasing the minimum wage will lower the poverty level. While an increase in the minimum wage would raise the earnings of many workers and lift some families above the poverty line, some minimum-wage workers would remain poor.…
Bernie Sanders has constantly brought up this argument at his 2016 campaign speeches,"I want to applaud the workers who are organizing today in the fight to raise the minimum wage to $15/hour. The truth is that by putting more money into the pockets of workers in underpaid jobs, we can put more money back into our neighborhoods, strengthen the economy and create more good jobs,"(). While his points sound nice on paper, they have yet to all come true in Seattle. Since Seattle already had a strong economy, there’s not enough correlation to contribute the wage increase to helping the economy. “In other words, relatively high minimum wages in Seattle and in Washington more broadly have had their intended impact and have been perfectly compatible with a strong economy, one that’s handily beating national averages,”(Bernstein).…
With the 2016 presidential election quickly approaching, the minimum wage has become a hot issue of debate among both Democratic and Republican candidates. Due to vast the social justice and economic implications contained in the idea of minimum wage laws, opinions on the issue range across a wide spectrum. First, there are those who are proponents of a minimum wage as a means of combating income inequality and promoting economic belief. Typically, proponents see a raise in the minimum wage as an opportunity to stimulate the economy by providing people with more money to spend in the economy, decreasing the expenses and need for social welfare programs and allowing businesses to hire more people and increase revenue through increased consumer…
The Congressional Budget Office reports that an increase of the federal minimum wage to $10.10 would cumulatively boost incomes of people below the federal poverty line by $5 billion. It would immediately reduce the poverty rate among America's nonelderly population by 1.7 percent (Congressional Budget Office). Over time, the reduction would be 2.5 percent. That's 4.6 million people lifted out of poverty immediately, and 6.8 million people over time. A 10 percent increase in the federal minimum wage would reduce the number of people living in poverty by 2.4 percent…
“Raising the minimum wage would not help . . . it would have the opposite effect because it would victimize the country’s lowest-skilled workers and make it more difficult for them to find employment” (Reisman, 2015). Raising the federal minimum wage will increase unemployment and at the same time increase the cost products and services. Per Thomas MaCurdy, professor of economics at Stanford University, “higher minimum wages help almost nobody; but raise prices for everyone” (MaCurdy, 2015). If the federal government desires to raise the standard of living in our country, “the best thing the [government] could do is to just get out of the way” (Epstein,…
“Increases in the minimum wage actually redistribute income among poor families by giving some higher wages and putting others out of work. A 1997 National Bureau of Economic Research study estimated that the federal minimum-wage hike of 1996 and 1997 actually increased the number of poor families by 4.5 percent.” (Henderson). As you can see from this statistic, a raise in minimum wage in attempt to lift families out of poverty, and benefit minimum wage workers, failed in multiple ways. It created more competition among jobs that require little to no achieved skills, and contributed to an increase in poverty level.…
Minimum wage Will raising the minimum wage solve income problems? Or will it just create chaos? Many people seem to say that raising the minimum income will not only solve the problems for people who live in poverty, but everyone will be able to receive wage that will leave them in a safe environment. In the recent discussion of raising the minimum wage up to $15 per hour, a controversial issue has been whether everyone will have a job after the wage has been increased. On one hand, some argue that raising the minimum wage will give everyone a satisfied income that will be enough to support the family.…