Baker 1 Chris Baker Debra McDowell English III 12 May 2016 Controversy of Minimum Wage “Most employees are paid more than the basic minimum wage. According to the Bureau of Labor Statistics (BLS), in 2011 94.8 percent of employees who were paid by the hour were paid an hourly wage that was greater than the Federal minimum wage of $7.25” (“Digest 4”). The controversy of minimum wage is rising in the world and the people are arguing to raise it or keep it the same. Many people do not know the bad and good aspects of raising it.…
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.…
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.…
President Obama proposed to Congress in the State of the Union Address that the federal minimum wage should be raised from $7.25 an hour to $9 an hour. He also remarked that “even with the tax relief we have been put in place, in which a family with two kids that earns the minimum wage still lives below the poverty line….that’s wrong.”. “According to a poll taken earlier this year by the Pew Research Center, Americans are in favor of increasing the minimum wage from its current level by a wide margin (71% to 26%).” I represent one of those 71% of United States citizens who believe that the minimum wage should be raised. Raising the minimum wage will therefore rippling through the chain effect to raise the standards of living, the number of…
While reading the article in the New York Times, “The Minimum Wage: How Much Is Too Much?” written by Alan B. Krueger, I was enlightened by his main focus of topic. Stating, “Research suggests that a minimum wage set as high as $12 an hour will do more good that harm for low-wage workers, but a $15-an-hour national minimum wage would put us in uncharted waters, and risk undesirable and unintended consequences.” Krueger gives a different twist on the debated topic of national minimum wage. Though Krueger uses evidence to back his claims he really focuses on his main point, minimum wage can be set at $12 nation wide but once it reaches $15, we could be in trouble. He explains how more than half the estates, representing 60% of…
Today there is an ongoing debate related to minimum wage, stating whether we should raise the price or not. The supporting side of raising minimum wage states that it will create better living conditions for that target population, in addition to create new employment opportunities. Opposing views argue that raising minimum wage would in fact decrease employment resulting in a higher number of unemployment rate. Opposing views also argue that many business will not be able to afford paying their employees higher than $7.25, and would force business to either close, lay off workers, and reduce hiring. There is also disagreement with raising the federal minimum wage because it does not take into consideration each state’s cost of living (Addison & Blackburn,…
The minimum wage is a hot button issue in America, especially in California. The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour. A law proposed by Gov. Jerry Brown would increase Californians minimum wage from $10.00 an hour to $15.00 an hour. Many including myself believed that increasing the minimum will hurt workers, business, and overall disrupt the economy.…
There is a very large group of unskilled workers in the United States labor force today, and many of them do get paid the federal minimum wage of $7.25 per hour. The condition of the lower class in the United States today is at a very low point due to the immense income inequality and unemployment rates. Not only are the economic conditions substandard, but also the lower class environment. Many of them are living in very bad conditions and are struggling to make ends meet. There has been a huge controversy about whether the minimum wage is a livable wage.…
As the years go by, we realize that raising the minimum wage is a constant issue many people are struggling with, especially those in the fast food industry and organized labor. There are several groups around the United States who are trying to convert this idea to a reality. The reality is that the topic of minimum wage never gets to the hands off congress. Since according to the article “5 facts about the minimum wage” claims only “Large majorities of Democrats (90%) and independents (71%) said they favored such an increase, Republicans were more evenly split (53% in favor and 43% opposed).” It is very difficult for minimum wage to be passed when not even the whole government agrees with this.…
For those who work hard every day and on their feet all day, it is time for a minimum wage increase. The first minimum wage was only twenty-five cents an hour. The very last increase was in 2007 where it went from $5.15 to $7.25.This is considered below average but the highest minimum wage is in Washington which stands at $9.19 an hour. Today protesters are arguing and demanding that the federal minimum wage should be raised. This is not just a teen problem nor does it just contain fast food workers.…
The minimum wage is a controversial political issue. Americans’ views on the minimum wage law vary widely; some citizens believe that it should be abolished entirely, others think that the minimum amount should be expanded to match the rate of inflation. Raising the minimum wage does not come without its issues. However adjusting the minimum wage to match inflation, the United States would see an increase in economic activity, a reduction in poverty, and a reduction in race and gender inequalities.…
The issue of minimum wage has been a hotly debated topic among politicians and their constituents. Many argue whether minimum wage exists to help people on poverty or used as a base salary for future positions. This issue has been especially concerning for candidates running for the 2016 presidential election. Despite being a somewhat simple topic, the argument for minimum wage has divided Americans in terms of what to do. In Ari Armstrong’s article, he argues that minimum wage is egregious and will only harm the economy by causing people to have lower motivations and lack of employment.…
There are many topics up for debate when discussing our economic policies. One of the most significant of these topics is whether or not our government should raise the national minimum wage. Many people promote a raise of the minimum wage, while others believe that there will be a downpour of negative economic effects stemming from the increase in minimum wage. We have gathered information to help understand what the effects will be when the minimum wage is raised. The supply and demand of labor will surely be among the things effected by a raise in the minimum wage.…
Table of Contents Introduction 2 Arguments For 2 Arguments Against 3 The Overall Effects (summary) 4 Conclusion 4 Table of positives and negatives 5 References 6 Performance-Based Pay: Should the Minimum Wage be abolished? Introduction Over time, market analysts have been inquiring about on the need and impacts of minimum wage on people groups' lives, which is known as “minimum wage.”…
The debate of the effects of minimum wage on the economy have been going on since its inception in 1938. The vast amount of time the theory was that increases in the wage would have a negative effect on unemployment and reduce the amount of employees per business. As the minimum wage has increased and even by more in some states, that theory have become less accepted. New data shows that businesses are able and willing to make other changes so that increased salaries do not have the negative effect they would expect. One of the biggest arguments for the increase is that it would reduce costs because it would reduce turnover and have more productive workers.…