Preview

minimum wage

Satisfactory Essays
Open Document
Open Document
1601 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
minimum wage
It sounds like good news for the low-income workers and their families whenever the government increases the minimum wage. The United States Congress adopted the Fair Labor Standards Act in 1938. Congress created the minimum wage toward the end of the Depression era to ensure a "minimum standard oPremium 2048 Words 9 Pages
Macroeconomics: Should the Minimum Wage Increase? Should the Minimum Wage Increase? Minimum wage is the lowest wage permitted by law or by a special agreement that can be applied for an employee or put simply, the lowest amount of pay that an employee can make. Governments set a minimum wage on businesses in hope for reduced poverty and increasePremium 1355 Words 6 Pages
Should Minimum Wage Increase? Should Minimum Wage Increase? I have many reasons why I do not think minimum wage needs to increase at this time. We need to look at the reasons for minimum wage. We must look at the amount of time the current minimum wage has been in effect. The affect on the economy needs to be well...Premium 892 Words 4 Pages
Persuasive Research on Minimum Wage Lee Prutsman Sarah Hannaway Expository 200 April 1, 2013 All About the Dollar Many Americans have very different beliefs on how our country should be ran, and one of the most important and most frequently asked questions ties along with money. Our dollar allows us to buy the luxuries...Premium 1002 Words 5 Pages
Should There Be an Increase in the Minimum Wage (Newzealand)
It sounds like good news for the low-income workers and their families whenever the government increases the minimum wage. The United States Congress adopted the Fair Labor Standards Act in 1938. Congress created the minimum wage toward the end of the Depression era to ensure a "minimum standard oPremium 2048 Words 9 Pages
Macroeconomics: Should the Minimum Wage Increase? Should the Minimum Wage Increase? Minimum wage is the lowest wage permitted by law or by a special agreement that can be applied for an employee or put

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Many business owners have argued that raising the minimum wage would cause hardship and cause businesses to raise their prices, but many workers argue that raising the minimum wage is necessary to help low-income workers to get out of poverty. Two main issues that workers face are insufficient wages to support their families which causes them to depend on government funding. Secondly, workers are faced with decreased job satisfaction due to making low wages. In my opinion, minimum wages should be increased because it will allow workers to feel that they have job security. Additionally, increased pay will allow people to further support themselves and avoid taking benefits from the government and can use…

    • 340 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This nation has finally realized that the time to raise the minimum wage is long past due. Federal minimum wage has not been raised in over 8 years, since September of 1997. This is only the second time that the minimum wage has remained unchanged for such a long period of time, the other period being between 1981 and 1990. At this time, the minimum wage is now only equal to about 32 percent of the average wage for private, non-supervisory workers. (Wendland)…

    • 605 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Raising the minimum wage and getting paid more sounds like a great idea. Who wouldn’t want to have more money? While it may be cool to raise the minimum wage and get paid more money, it has it’s downsides. Minimum wage is the least amount of money an employer can give to their workers. We are talking about minimum wage because it is very important in our economy. People have been trying to raise the minimum wage. While some may argue that raising the minimum wage would help those who don’t have enough money to buy resources, the US should not raise the minimum wage because it will result in people losing their jobs and things getting more expensive.…

    • 455 Words
    • 2 Pages
    Good Essays
  • Good Essays

    As stated in the pros column written by David Cooper, minimum wage should be raised to help people in poverty, help people pay for education, and to allow people to have some assurance when it comes to money. A raise in the minimum wage would help many people.…

    • 586 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Minimum Wage Effects

    • 1025 Words
    • 5 Pages

    The minimum wage in the United States of America sets the standard of living for all of its citizens by placing a price floor on what amount is acceptable to pay a person for typically unskilled labor. Minimum wage can be traced back to Fair Labor Standard Act in 1938. It was 60-75 cents per hour at the time. However, it has been revised upward due to inflation and pressure from trade unions and interest groups. Interest group argue that raising the minimum wage is a central tool in reducing poverty among unskilled workers in the US. Stigler (1946) argued that minimum wage legislation can be an instrumental tool in eradicating absolute poverty if it combined with other policy measures that are intended to create…

    • 1025 Words
    • 5 Pages
    Good Essays
  • Good Essays

    One of the most commonly asked questions in our society is whether or not the government should raise the minimum wage. While raising the minimum wage would not only lift individuals out of poverty, but it would also put our economy in danger. Raising minimum wage in the United States will destroy the economy because it will increase inflation, raise the unemployment rate and decrease corporations’ fundings due to labor cost.…

    • 1110 Words
    • 5 Pages
    Good Essays
  • Good Essays

    According to the United States department of Labor, the recently increased minimum wage of $7.25 went into effect on July 24, 2009. It is extremely too soon to increase minimum wage again. Causing employers to lay off workers in order to adhere to another minimum wage increase is not a good thing. The already high unemployment rate will increase even more. The current minimum wage just went into effect. Researchers and economist need to first determine if this recent minimum wage increase will positively affect our economy. The delay in the minimum wage increase has probably been a pain for minimum wage earners. Fortunately, these individuals have more spending money. This is definitely what our economy needs, more consumers spending their money.…

    • 892 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Minimum Wage

    • 1943 Words
    • 8 Pages

    Minimum wage has been a continuing matter since its first establishment, and it is something everyone faces. Though, the recurring problem being brought up again and again is the issue of being underpaid, and is the set minimum wage fair? And will raising minimum wage be more beneficial or harmful in the long run? Through its history can society better understand and find a solution to this problem. Minimum wage was not instituted in the United States until the 1920s, and the idea of wages being determined by the hour was introduced in the 1930s. The Fair Labor Standards Act was born and passed through the Supreme Court in 1938, as well as the Wage and Hour Division. Raising minimum wage has promoted fairness in the work area, and has helped workers earn money for themselves and their families. Through these fairness and equality had been brought about, though its problems have risen throughout after its establishment, questioning its fairness and equality. With the unemployment rate so high, this matter needs to be looked into, as it could potentially save jobs.…

    • 1943 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Minimum Wage

    • 2168 Words
    • 9 Pages

    Minimum wage laws were first started in Australia and New Zealand in the 1890s.The first minimum wage to be law was in Massachusetts in the 1912 but it only applied to children and women. The federal minimum wage was established in 1938 by the Fair Labor Standards Act. Initially set at 25 cents an hour, the wage has been raised periodically to reflect changes in inflation and productivity.…

    • 2168 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The minimum wage must be raised today because the cost of living has gone up drastically. Education is essential today, and that price tag has increased drastically in the past twenty years as well. People should not have to fight for equal pay for equal work. Companies should be forced to pay their workers what they deserve, and that is more than minimum wage is now. With our new technology and the technology in the future work is harder and more complicated. A minimum wage increase would raise the wages of many workers and increase benefits to those disadvantaged workers.…

    • 955 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Life is getting more expensive and people have to gain more money for their life styles. Working people lives in the paycheck of the minimum wage. A Minimum wage is the minimum an employer has to pay an unskilled worker based on the regulations set forth by the Fair Labor Standards Act (FLSA) that was originally established in 1938. Over the years there has been much debate about raising the federal minimum wage. Some are against and some are in favor in raising the minimum wage.…

    • 716 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Congress instituted the minimum wage in 1938, at the time it was 25 cents an hour. The minimum wage last was raised in 2009 when it went up form $6.55 an hour to $7.25 and it has not changed yet even though many other programs have adjusted to the inflation. Things such as the poverty line, food stamp eligibility and social security have been adjusted accordingly to the changing inflation rates, but the wage rate has not. One of the highest rate for the minimum wage was in 1968 at $10.55. Since then the per person consumption of goods has risen 137% the total economic output has risen 109% and the total income has risen 100% (Babones). This means that based on consumption growth the minimum wage should be $25.05 to represent the share of the country’s total consumption and the minimum wage should be $22.08 based on national income growth. What that shows it that the $7.25 minimum wage does not accurately correlate to the rise of the consumption of goods and shows that it isn’t the true minimum wage. The minimum wage was not adjusted to inflation even though the typical worker today is almost twice as productive as in 1968. To return the minimum wage back to the value it was at in 1968 it would require a raise of the minimum wage to $10. Minimum wage means to pay someone the least amount of money for their work. Minimum wage workers have increased the amount of work that they do and also…

    • 1462 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The issue of minimum wage in the United States of America has been turmoil in the recent past and up to this date. Minimum wage is the lowest amount permitted by the law or by a particular agreement such as that of the labor union. The concept of the minimum wage was established in 1938 by the federal government. The law was called the Fair Labor Standards Act and it also indicated the initial time that employers were legally required to pay his employees overtime pay for certain jobs. During that period, the law was passed the first minimum wage was $0.25 and it later on increased as time progressed. The current minimum wage is $7.25 per hour. However, over the recent past, the working class in America have been complaining about this amount and demanding it to be raised. Many political bodies have tried to give the appropriate responses to this challenge but have borne no fruits. The increase in the wages will enable the citizens to meet their daily needs more efficiently. Hiking the minimum wage will increase not only…

    • 1892 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Minimum Wage Issue

    • 435 Words
    • 2 Pages

    In conclusion, my opinion about minimum wage is that it should not be increased for everyone because this will harm the economy. For example, it will cause unemployment. I think the minimum wage should be increased for hard and loyal workers in our…

    • 435 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The following report explores the topic of US government regulation of the minimum wage, and its advantageous or disadvantageous affects if the wage is raised. This report will also analyze the claims of the benefits and harms of raising the minimum wage by examining the validity and foundations for each argument, as well as provide alternatives to raising the minimum wage in order to help the poverty-stricken and low skilled workers that raising the minimum wage supporters are aiming to do. Minimum wage has been a subject of many debates since its creation in 1938 as a part of the Fair Labor Standards Act.…

    • 2068 Words
    • 9 Pages
    Powerful Essays