That means when a minimum-wage increase occurred during a period of high unemployment, unemployment rates actually declined 52 percent of the time. Raising the minimum wage solves nothing. By doing this we are able to secure the future of the children. We as a nation need to bring up the minimum wage only up to ten dollars so that less people are living in poverty, and not any higher so that states with smaller economies don 't crash and burn. Certainly not the wealthy, it never is them, mainly it would be the working poor, unskilled and teenagers. Their living expense would just be too much. Therefore, raising the minimum wage would help bring the workers out of poverty.
If your costs go up, you're going to have to pass some of that along to the customer. This leads them to do their job to the best of their ability and get them a promotion. There have been many rumors, and discussions about raising the minimum wage, some arguments may be misleading due to not knowing the effect of raising the minimum wage. It would be logical that these hard working Americans that spend day after day at their job would be thriving; however, in most cases, it is the opposite. Therefore, we must act now before is to late. Some may disagree with increasing the minimum wage because layoffs may be effective on certain individuals.
. . . Approximately more than fifteen million women will see their pay go up. . Many people debate on very opposite ends of the spectrum, most people are either really set on raising the wage; or completely against it.
. Raising the minimum wage means the higher labor costs for business and it becomes less affordable than before, which push business owners to take actions. This question of whether or not to raise the minimun wage is more than a necessity. With our new technology and the technology in the future work is harder and more complicated. It may have benefits, but it also has significant costs.
Still, there seems to be no progress as to when new policies will be implemented to address the concerns of the citizens. Each state can raise their minimum wage, but it cannot go below the federal level of 7. They argue that raising the minimum wage could reward hardworking Americans by providing basic needs such as basic medical insurance and living in secure housing. See your help function for information on creating headers and section breaks. The Minimum wage will increase by one dollar each year until 2022. First, it only goes to the poor, while the minimum wage favors those whom employers want to retain who are often the better-educated teenagers whose parents who are well-off. This allows businesses to choose from high skilled workers.
About 70 percent of minimum wage employees, however, work fewer than 35 hours per week and thus earn proportionately less. Many people have a false accusation that the average person to be assisted by the minimum wage is a teenager. If the minimum wage were to go up, people 1337 Words 6 Pages not to raise the minimum wage in America has been a widely discussed topic for years. . It will provide arguments presented by various authorities in the field, demonstrating that raising the minimum wage has a more positive impact on the social welfare of the citizens and the general economy than a stagnant minimum wage.
. On the other hand, many states have a minimum wage that is higher than that mandated at the federal level. . . In the wealthiest nation on Earth, no person that works full time should have to live in poverty. The laws creating the minimum wage were intended to improve the standard of living and decrease poverty.
. Specifically, these papers collectively find that an increase in the minimum wage has no significant effect on employment levels. This implies that the public has more money to spend, and this has a positive impact on the general economy by boosting economic growth and facilitating creation of more job opportunities. Raising the minimum wage is likely to create layoffs or even close down in many small companies The China Post, 2008. Considering that the jobs needed by the poor are often non-skilled jobs and these are the ones most reduced in times. There are some who feel that employers should do more for workers.
In this way, employers partially off set the effect of higher wages on their cost. The Republican Party believes a federal 15-dollar minimum wage will be detrimental to the economy. This could become problematic as time push forward and the cost of living continues to increase. But after a while the people in detroit wanted the wage to be higher, so they made the car companies pay them more. The idea is that a person will continue to progress in their field of work in order to increase their means of living.