Feb 10, · society is whether or not to raise minimum wage and how much to raise it by. There comes both benefits and consequences to raising the minimum wage price. In an article written by David Henderson titled, “ Raising the Minimum Wage Will Not Reduce Poverty” Henderson discusses the consequences to raising minimum wage and how it may affect the America should raise minimum wage because it would make things easier for people who are struggling. A higher minimum wage not only increases workers’ incomes, it will also be good for our economy. A quarter of people working minimum wage are at least raising one child Feb 17, · Over years, the minimum wage has been reviewed upwards amidst increasing cost of living, with the latest proposal seeking to increase the federal minimum wage to $, up from the current $ per hour. Nonetheless, increasing the minimum wage elicits intense debate from opponents and proponents of the strategy
Reasons why Minimum Wage Should be Raised: [Essay Example], words GradesFixer
Home — Essay Samples — Economics — Minimum Wage — Reasons why Minimum Wage Should be Raised. Can you imagine yourself working hours a day and only having enough money to pay for rent and put food on the table for your family? You have no savings as matter of fact, you are in a huge debt and you are living paycheck to paycheck. This is the story of millions of American worker, should minimum wage be raised essay, who are employed on minimum wage. The shocking part about this story is that million of Americans would be saved from this poverty life, if the American government raises the minimum wage. This would not only help the workers, but also the economy because raising the minimum wage would put extra money in the pocket of minimum wage worker and extra spending would help restore consumer spending.
Almost 8 million Americans work full time and still fall below the poverty line. Some argue that raising the minimum wage will only benefit the workers who may not need it. In my point of view, anyone that shows up to work regularly and puts in quality hours should be paid enough to keep him or her out of poverty. What kind of message does this sends to a person about the dignity of their work and pride of taking personal responsibility for your family? Also, some critics also argue that raising the minimum wage would increase unemployment enormously, because business will cut employees to keep the cost low. Congressional Budget office also found that the gains of raising minimum wage ought weigh the costs.
Business would also benefit from increasing the minimum wage. Raising the minimum wage will reduce unemployment rate due to employees remaining at their job and not going on government unemployment benefits. Likewise, the other reason minimum wage should be raised is because of the living wage. This is really alarming, because an employee working on minimum wage will not have enough money to pay their bill or even buy food. If they are college students, they might not have enough money for tuition or books. According to a survey done by Central Valley Business Times, small business owners whose firms have or fewer employees, the majority agrees that raising the minimum wage support increasing the minimum wage.
The increase acutely benefits the small business because consumer spending goes up, which increases the demand for small businesses goods and services. The extra money for labor business pay will end up back to them, should minimum wage be raised essay, while improving the economy and small business. Also, increase in demand for good and services means business will need more workers to meet that demand and this will also reduce unemployment. Remember: This is just a sample from a fellow student. Starting from 3 hours delivery. Sorry, copying is not allowed on our website. We will occasionally send you account related emails. This essay is not unique.
Should minimum wage be raised essay, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper. Want us to write one just for you? We use cookies to personalyze your web-site experience. This essay has been submitted by a student. This is not an example of the work written by professional essay writers. Reasons Why Minimum Wage Should Be Raised Subject: Economics Category: Economic Issues Topic: Income InequalityMinimum Wage Pages 2 Words: Published: 08 April Downloads: 34 Download Print. Get help with writing. This is just a sample. Your time is important.
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The important of raising minimum wage- Persuasive speech assignment
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America should raise minimum wage because it would make things easier for people who are struggling. A higher minimum wage not only increases workers’ incomes, it will also be good for our economy. A quarter of people working minimum wage are at least raising one child Mar 09, · Hello Julia, I agree with you. minimum wage should not be raised because there will be high price production, and inflation, which will hurt consumer especially the low-income family. Raising the minimum wage commonly may be seen as a way to give a low-income worker a raise, but it resulted in a surplus since the minimum wage is a price floor Feb 10, · society is whether or not to raise minimum wage and how much to raise it by. There comes both benefits and consequences to raising the minimum wage price. In an article written by David Henderson titled, “ Raising the Minimum Wage Will Not Reduce Poverty” Henderson discusses the consequences to raising minimum wage and how it may affect the
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