Wednesday, December 18, 2019

Raising Minimum Wage Means Raising American Concern

The people were going crazy when they first heard President Obama proposal to raise the minimum wage hourly pay from $7.25 an hour to $10.10 an hour. These people think that they are going to get more money in their pockets with a higher hourly wage. These people are clueless. They do not know the consequences that come with raising the minimum wage. Many people that work a minimum wage paying job are teenagers and young men and women, but higher minimum wages would make it harder for these teenagers to find jobs because the employers would hire more skilled workers. Also, almost all minimum-wage jobs are entry-level jobs that provide unskilled workers the experience they need to become more successful in the future with their career. Another reason that raising the minimum wage is a bad idea is that it hurts small business owners. Small businesses are going to have to hire less people and create fewer jobs if the minimum wage is increased, because more the more money spent on wage s means less money spent on materials and other expenses. Finally, the Earned Income Tax Credit already works to lift Americans out of poverty, so raising the minimum wage would be useless. Instead of raising the minimum wage, companies should teach the employees techniques to use that will increase their knowledge and allow them to succeed in the future. The main problem with raising the minimum wage would be the increase the population of Americans that are unemployed. A higher minimum wageShow MoreRelatedA Brief Note On Raising The Minimum Wage1503 Words   |  7 PagesWage War Alternatives to Raising the Minimum Wage Minimum wage is a topic of considerable controversy and a significant source of economic stratification. Essentially, the minimum wage policy is what defines the baseline income of â€Å"low level† or â€Å"starting positions.† Here in the U.S. most individuals will at some point in their life hold a minimum wage position. According to the U.S. Bureau of Labor Statistics, about 58.5% of U.S. citizens were paid at hourly rates, and about 2.6 million workersRead MoreThe Economic Case For Raising The Minimum Wage927 Words   |  4 PagesThe Economic Case for Raising the Minimum Wage The United States is recognized for its economic opportunities. Thousands come to this country for the chance to improve economic stability and climb the social ladder – opportunities usually not available in their home countries. However, there has been increasing concern regarding American wages compared to the rise in the cost of living. Many of the lowest paid workers receive wages that is far much below the federal minimum provision as stipulatedRead MoreMiimum Wage and Power to the People1746 Words   |  7 PagesThree – Power to the people The third and final alternative minimum wage is to allow the local people in the community vote on a living wage. This alternative would put all the power in the hands of the people; allowing them to decide what is best for their neighborhoods. If the people are allowed to vote in such matters, they will be permitted to use their voice and at the very least express their concerns with the gaps in minimum wage and cost of living in their community. However, there are drawbacksRead MoreEssay A Minimum Wage Increase Will Stimulate the Economy1318 Words   |  6 PagesRoosevelt endorsed the federal minimum wage law in 1938 while the Great Depression was at its utmost insolvent position. Because at this point in time the economy was at its lowest, the sole purpose for its enactment was to keep the majority of Americans out of poverty and increase consumer demand. Following the 1960’s, the minimum wage has had a very gradual increase to the point where it is now at a standby. At this moment with a recession occurring, minimum wages have not brought any benefitsRead MoreWage Gap Between The Middle Class And The Upper Class1441 Words   |  6 PagesIntroduction Wage is a topic that is constantly covered in the media. One big issue is the growing wage gap between the middle class and the upper class. While minimum wage increases are considered a good method to reduce income inequality, they are controversial since many business owners and economists argue that they increase the unemployment rate. Impact of minimum wage on employment One concern that is commonly mentioned during the debate on raising minimum wage is the loss of employment asRead MoreThe Economic Impact of Raising the Minimum Wage1474 Words   |  6 PagesRoosevelt’s 1937 impassioned speech calling on Congress to help the one-third of Americans who were â€Å"ill-housed, ill-clad, and ill-nourished† heralded in the Fair Labor Standards Act of 1938 and with it a national minimum wage. Echoes of that speech are still heard today. Senator Edward Kennedy (1989: S14707), in his criticism of the most recent increases in the minimum wage, declared: The minimum wage was, as it should be, a living wage, for working men and women ... who are attempting to provide for theirRead MoreThe Issue Of Minimum Wage Essay853 Words   |  4 PagesThe issue of minimum wage is not a new one to our society, American’s have fought for minimum wage continuously since it was introduced by â€Å"President Roosevelt on June 25, 1938 as part of the Fair Labor Standards Act of 1938.† (Forbes) Workers have fought to keep the minimum wage in line with demand. It is important to remember that because this is such a heated debate, we are getting fed different information from different news sources, trying to scare us into believing one way or another.Read MoreMinimum Wage And The Wage965 Words   |  4 PagesMinimum wage continues to increase, but does it increase enough? Minimum wage right now in Florida is set at $8.05 but who can really live off that. It is absurd that the minimum wage has not increase since the 1960’s in real buying power. The reason for this statement is that the minimum wage in the 1960’s allowed people to buy more items then they could buy with the minimum wage in 2013. In Order have the same buying power as in the 1960’s the minimum wage in 2013 would need to be at least $9.84Read More Increasing the Minimum Wage Will Reduce Income Inequality Essay1252 Words   |  6 Pagesperson can maximize the American Dream on the minimum wage. -- Benjamin Todd Jealous No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty. -- Jon Corzine Income inequality has been a major problem facing American society for decades, but has recently become a major concern. I personally believe the major gap between the income of the rich and poor is a not just, but is not a major concern for the government andRead MoreWages For The American Worker Essay2526 Words   |  11 PagesHonest Wages for The American Worker Congratulations, you are hired! The four words that people long to hear. However, for many newly employed workers, their new job will not pay an income that will enable them to live comfortably. In 2015, the Bureau of Labor Statistics reported that 2.6 million Americans, or approximately 3.3 percent of all hourly paid workers earned wages at, or below the federal minimum wage. Since 2009, the federal minimum wage amount has remained stagnant. Bringing this number

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.