Persuasive Essay On Minimum Wage

The main reason raising the minimum wage radically would kill the economy is the pressure it would place on small businesses. According to TheWashingtonPost.com article, Small Businesses are the backbone of the economy. They also cited that many studies from the U.S. Small Business Administration show small firms employ just

In the reading of Minimum wage and magical thinking he discusses that raising the minimum wage would have a negative impact and would actually hurt those that it is supposed to help and I would agree. Raising the minimum wage would cause inflation to rise, thus basically canceling out what it was intended to do and making the US dollar worth less. Secondly, minimum wage increase would cause the price of goods to rise and then less people will be buying so, then you are paying employees more and making less revenue. Lastly, this would hurt the very people that raising the minimum wage is intended to help because the number of jobs that are entry level or low skilled will drop and then people who were making a 7.25 minimum wage will now be earning a 0 dollar wage. Minimum wage does not need to increase, especially not as drastic as some people are calling for and the positive outcome that is thought it would produce actually would be doing more harm than good.

Others think that an employment can have a really good living with the minimum wage that they earn. Economists did research and stated that raising it by 10% will reduce employment 0.01%. What this author is trying to conclude is that minimum wage being raised is a good thing. Everybody stating that raising the minimum wage will decrease job opportunities are not saying the truth because the employment rate will not even move at all. One full-time minimum wage used to be able used to keep a family of 3 above the poverty line and now it can not even support a single parent above the poverty line. One other example that was stated in the article was that nearly 90% of the workers who would be affected by the minimum wage hike are older than 20 and 28% are parents. These statistics show that many people used to make enough for an easy living because it was manageable to work with. Times change and good things can’t last forever. Now many families are struggling to stay together through tough times. Most barely make a decent living but what about a family of 3 or 4? There is no chance for them if their parents only make minimum wage. If it were raised many would get out of poverty and have a better living and by doing this then most families won’t have to rely on the government as much. One other benefit that this can have is the morale of the employees. Any customer enjoys seeing an employee being joyful at their job.By increasing their pay many would be motivated to do better and perform better at their own job. They would also work for the company for a long time and never have a thought about quitting the job. One last good thing that would help out millions and the government itself is that the government would be able to reduce some social programs that helped people that are living in

The controversial topic about increasing minimum wage is debated countless times over the years. Minimum wage is the lowest wage an employer can pay an employee permitted by law. The contemporary federal minimum wage is $7.25. Minimum wage applies to all domestic workers but teenagers are the main receivers of minimum wage. Minimum wage has a major effect on the economy. The question is are the effects positive or negative. There are many arguments on whether minimum wage should be increased or not increased. It is a major debate topic around the country. Although increasing minimum wage raises standard living and cause a growth in the economy, minimum wage should not be increased because it is difficult for low skilled worker to find work, many people will lose their jobs and service and goods will become more expensive.

The thought of minimum wage going up seems like it would be a wonderful idea but would it? Minimum wage increase would possibly cost a decline in employment. An increase in minimum wage could cause businesses to lower the amount of employees they have. Interviews with small business owners have shown what could be the outcome of minimum wage going up. “But some opponents have said the minimum wage issue should be handled by the Legislature and that businesses in rural communities may be forced to lay off employees, or worse, shut down, as a result of the increased wages.” (Coral

There are many studies that support having a higher minimum wage will hurt the economy. Research has been reviewed and approximately 85% concludes that there will be negative employment effects. There is one recent study from the Congressional Budget Office that has different results. The study concluded that the minimum wage increase could lead to a large loss of jobs for low-skilled

The Congressional Budget Office predicted that increasing minimum wage to $10.10 would result in the loss of a half a million jobs. Some business could be forced to close without the extra money needed now needed to pay their workers. Small businesses in particular would be harmed, but large ones would as well. According to Forbes, increased minimum wage caused several Wal-Mart stores to close and prevented the opening of several others. Instead of many people making too little money from a low minimum wage, people will only be able to find work for fewer hours, and many will be unemployed and unable to make any money at

As you're strolling through your local supermarket you notice some of the items are a little more than you remember from last visit. You don’t take much notice of any of the rising prices until you get to the eggs, milks, and meat section. The milk is nearly $7.00 and it was only $3.00 last time you bought it. You instantly have a little panic attack because who in their right mind will spend that much money on a single gallon of milk. Why on earth is everything so much more than last time? Then suddenly you remember that minimum wage was raised and now everything is so much more than before. Back in 1938 the minimum wage laws were passed throughout the united states, known as the fair labor standards act. The fair labor standards act guaranteed time and a half for overtime in most jobs and prohibits child labor. The federal minimum wage is known as what companies can pay their employees at the lowest rate. If for some reason the company would try and pay their employees less than the federal minimum wage, then the employee has the right to the wage due to them as well as liquidated damages.

Raising the minimum wage is one of the most controversial topics that affect the working US population. The opposing party might argue that doing so will decrease the amount of jobs and that raising the minimum wage is not going to end poverty. On the other hand, raising the minimum wage would mean more opportunities for the people working and earning minimum wage, with no notable job loss, and would lead to greater well-being and more economic growth for individuals and families.

A hot topic in today’s society is the concept of is minimum wage enough money to live off of? It is believed that a living wage is the decent amount of means to support the working people. Americans today are struggling to stay about the federal regulated line of poverty and feel that a minimum wage living should substantiate this goal. In reality, the minimum wage has failed to meet these requirements, leaving hard working American’s to struggle to meet the basic standards of living.

Pressure on Congress to increase the minimum wage has surged in recent years. Policy makers are proposing that an increase would be beneficial to the economy and its recipients. However, a policy as stated would be harmful. Research predicts that businesses would respond negatively by deducting benefits for workers. Additionally, an increase had only minimal benefits on the economy. Therefore, a minimum wage increase policy would hurt the people it is intended to help.

Throughout our country's history there has always been a debate on the minimum wage crisis. Some say it needs to be raised, many say it needs to be lowered, but I say it needs to be raised. There are many reasons to support this argument and I will be going through the big points throughout this post. Raising the minimum wage is good for every person in the United States economy and I will be the one to tell you why and how it could help you and your family today if you just raise the minimum wage.

Minimum wage should not be raised for many reasons. The first reason is because raising the minimum wage could also lead to job loss or unemployment. If the wage was increased to a higher amount, the company would certainly let many people go. The company would decide to do this because they are trying to make more money by not paying more people. In the article, the author states, “In a 2011 report from the nonpartisan Employment Policies Institute, two

When discussing the topic of a higher minimum wage many people are reluctant to see the negatives, and focus on the sole idea of a higher salary. With this seemingly simple, yet complex idea comes a multitude of issues. Amongst some of these issues are an increase in low skilled unemployment, employers put out of business, and inflation.

The increase in minimum wage will affect businesses in several diverse ways. The increase in labor could force businesses to cut the hours of employees or even force layoffs. Businesses may also be forced to cut some employee benefits such as the quality of healthcare, retirement pensions, and stock options. Forcing companies to allocate more finances towards employees’ salaries could also hurt businesses because they will have less funds to expand and grow the company. Small businesses may be forced to close their doors because they cannot compete with major corporations when minimum wage reaches a certain point. Companies may also be forced to hire fewer employees and get there current employees to work a minimum of 40 hours a week to cover shifts that other employees had.