According to Douglas HoltzEakin Raising the federal minimum wage will neither reduce poverty nor boost growth.
According to Douglas HoltzEakin Raising the federal minimum wage will neither reduce poverty nor boost growth.
Does increasing the price of goods just to raise minimum wage sound like a good idea? There is debate whether the minimum wage should be raised. Everyone probably has a different take on the idea of this. It wont actually decrease poverty, which is why the whole thing is being brought up; because people assume it, will. My point is that the minimum wage should not be raised.…
in lemons). Cooper has a very valid point in this statement. By raising the minimum wage, it allows people to function on their own. It allows them to feel secure about their money, more so then they did before. They feel that they have some breathing room in the situation, and don’t have to scramble for money. Yes, raising the minimum wage will not help immediately, but in the long run it will have a lasting effect on the person’s financial situation. Last year my mom received a small raise, and it didn’t really help at first, but later down the road we were able to pay off some things and get ahead. People just need that little bit of security to help them keep going in…
By raising minimum wage, a business can lose production by the loss of their workers. Raising the minimum wage means, you then have to lay…
According to the Economic Policy Institute, if the minimum wage could be raised from $5.15 to $7.25 by 2008, then an estimated 14.9 million workers (11% of the workforce) would receive an increase in their hourly wage rate. This increase would affect 6.6 million workers (5% of the workforce) of these workers who currently earn less than $7.25. Consequently, The additional 8.3 million workers (6% of the workforce) earning slightly above the minimum would also likely benefit from an increase due to spillover effects (Facts at a Glance…
Raising the minimum wage will allow low-income workers get off the poverty line. The Covert (2014) website says, that according to an economist known as Arindrajit Dube raising the federal minimum wage to $10.10 will take an average of 4.6 million people out of poverty. The poverty line for a family of two is $14,570 per year and if you take the current minimum wage of $7.25 low-income workers will make $15,080 per year which is just $510.00 away from being on the poverty line, ("Minimum-Wage.org", 2011). If the minimum wage is raised to $10.10 like President Obama said he would like the minimum wage to increase to in the next couple of year’s workers will be making $20,200 per year. Making the minimum wage $10.10 would benefit low-income workers by providing them with enough money to be taken off government benefits and charities such as welfare and food stamps. Workers will have enough money to pay bills and feed their families if the minimum wage is…
of those in poverty are full-time, minimum wage earning workers. This proves that we can’t simply live off of minimum wage. “With more family income, some people would choose to retire, go back to school, or have children, making it easier for others who need…
Every penny counts. I believe the minimum wage should be raised because the minimum wage isn’t enough to support workers and their families, and it is good for economic recovery.…
Raising minimum wage would deprive employers of the right to bargain a good pay with…
Federal benefits are paid for through taxpayers. With a higher minimum wage, workers would bring home pay that does not place them below the poverty line. This puts those workers in a position where they no longer need federal benefits. Not only would the workers prosper from an increase, but any taxpayer would benefit. According to Quinn, et al, it is a win-win situation.…
I agree on raising minimum wage for a few reasons. Big corporations are making an enormous amount of money, they…
Many people are not able to raise a family on minimum wage. Workers are working hard but not getting a big paycheck in return. Then, poverty becomes an issue. One out of every sixth Americans are living in poverty. Those who are in poverty are making less than $40,000 a year. It must be tough for parents that are getting paid minimum wage to raise a family. This is where my group’s organization called…
While the recent cost of living has risen, the minimum wage has remained stagnant, creating historic profit margins for companies that employ minimum wage workers. This uneven balance of the distribution of wealth is causing a significant amount of our population to suffer below the poverty line. Today, I urge you to vote in favor of this legislation in order to ensure that every single citizen of our country will be able to live a comfortable life, above the poverty line.…
All over America the majority of people are in favor of a raise in minimum wage without really thinking of the consequences it could have have A minimum…
In the article Why We Need to Raise the Minimum Wage by Andy Stern and Carl Camden, the authors support raising of minimum wage. 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. Since the low wages are not enough to get those basic needs, workers are getting paid in cash because they can avoid tax responsibilities. The authors allege that raising the minimum wage will restore dignity and value to low-wage work.…
In 2012 during his State of the Union address, President Barack Obama announced, “A minimum wage worker who works full time year round does not make enough to be considered above the federal poverty line” (Cooper). According to Dr. Sherry Kasper, an economics professor at Maryville College, the federal poverty line for one single individual is around $11,500 a year (Kasper). Since President Obama stated that full time minimum wage workers do not make enough money to meet the requirements to be above the federal poverty line, there are tons of people who make less than $11,500 annually and struggle financially to support themselves, let alone enough to support a family. Therefore, because the minimum wage so low, America has millions of people living in…