Minimum Wage Research Paper
Argument paper # 1
Toussaint 1
Stephan Toussaint
Professor Swint
ENC1102 Sec 90
13 October 2014
Minimum Wage; Should it be raised?
In the economy were in today, people, businesses and politicians are trying to figure out a solution to fix the problem that we found ourselves in. One of those solutions was simply to raise the minimum wage, some have agreed, others haven 't. The federal minimum wage shouldn 't be raised any higher then what it already is for several valid reasons. Occupations that pay only the minimum wage are meant to lead on to lifetime careers or higher levels of employment, which offer higher wages. To the naked eye it may seem that raising the minimum wage would help people in poverty with limited job skills afford the …show more content…
They are forced to compete with retail giants while also paying a competent staff well enough to keep them from leaving. If the minimum wage were to increase, it is likely that unemployment would go up because storeowners would not be able to afford as many workers; layoffs in businesses that pay the minimum wage would be common.
Some would argue that increasing the minimum wage would encourage more spending, which would put money into and stimulate the economy, but the logic of that is simple: Stores would
Toussaint 2 raise their product prices to respond to the higher employee wages and people living on minimum wage would essentially be back to square one in their checkbook. While the federal minimum wage is often seen as a tool used to keep poor people from having to depend on government programs such as welfare, the money they are paid often is simply not enough to fund all aspects of their lives, especially if the minimum wage earners have children. The government has a responsibility to it 's citizens, impoverished and otherwise, which is where the minimum wage must step in. However, making such a large increase will, in the end, make the minimum wage earners worst …show more content…
Could anyone imagine working at a place for two years and earning a raise from seven to nine dollars and the next day minimum wage has caught up to your earnings. Doesn 't sound to bad right, I mean they could just bump my pay from nine to eleven but no, it doesn 't work that way. After having such a rapid increase in cost to employees, the last thing an employer will want to do is give even more
Toussaint 4 money away. All in all raising this minimum wage will be a complete waste of time solely because of the fact it doesn 't benefit anyone and only seems to hurt the people who did and do not want it to happen.
Toussaint 5
Citations
"Minimum Wage Laws in the States - Wage and Hour Division (WHD) - U.S. Department of
Labor." Minimum Wage Laws in the States - Wage and Hour Division (WHD) - U.S. Department of Labor. N.p., n.d. Web. 08 Oct. 2014.
"State Minimum Wages | 2014 Minimum Wage by State." State Minimum Wages | 2014
Minimum Wage by State. NCSL, 17 Sept. 2014. Web. 15 Oct. 2014.
"The Florida Minimum Wage." Florida Minimum Wage Rate 2014. N.p., n.d. Web. 08 Oct. 2014.
"Will the Minimum Wage Increase Hurt the Economy?" Will the Minimum Wage Increase Hurt the Economy? N.p., n.d. Web. 16 Oct.
Toussaint 1
Stephan Toussaint
Professor Swint
ENC1102 Sec 90
13 October 2014
Minimum Wage; Should it be raised?
In the economy were in today, people, businesses and politicians are trying to figure out a solution to fix the problem that we found ourselves in. One of those solutions was simply to raise the minimum wage, some have agreed, others haven 't. The federal minimum wage shouldn 't be raised any higher then what it already is for several valid reasons. Occupations that pay only the minimum wage are meant to lead on to lifetime careers or higher levels of employment, which offer higher wages. To the naked eye it may seem that raising the minimum wage would help people in poverty with limited job skills afford the …show more content…
They are forced to compete with retail giants while also paying a competent staff well enough to keep them from leaving. If the minimum wage were to increase, it is likely that unemployment would go up because storeowners would not be able to afford as many workers; layoffs in businesses that pay the minimum wage would be common.
Some would argue that increasing the minimum wage would encourage more spending, which would put money into and stimulate the economy, but the logic of that is simple: Stores would
Toussaint 2 raise their product prices to respond to the higher employee wages and people living on minimum wage would essentially be back to square one in their checkbook. While the federal minimum wage is often seen as a tool used to keep poor people from having to depend on government programs such as welfare, the money they are paid often is simply not enough to fund all aspects of their lives, especially if the minimum wage earners have children. The government has a responsibility to it 's citizens, impoverished and otherwise, which is where the minimum wage must step in. However, making such a large increase will, in the end, make the minimum wage earners worst …show more content…
Could anyone imagine working at a place for two years and earning a raise from seven to nine dollars and the next day minimum wage has caught up to your earnings. Doesn 't sound to bad right, I mean they could just bump my pay from nine to eleven but no, it doesn 't work that way. After having such a rapid increase in cost to employees, the last thing an employer will want to do is give even more
Toussaint 4 money away. All in all raising this minimum wage will be a complete waste of time solely because of the fact it doesn 't benefit anyone and only seems to hurt the people who did and do not want it to happen.
Toussaint 5
Citations
"Minimum Wage Laws in the States - Wage and Hour Division (WHD) - U.S. Department of
Labor." Minimum Wage Laws in the States - Wage and Hour Division (WHD) - U.S. Department of Labor. N.p., n.d. Web. 08 Oct. 2014.
"State Minimum Wages | 2014 Minimum Wage by State." State Minimum Wages | 2014
Minimum Wage by State. NCSL, 17 Sept. 2014. Web. 15 Oct. 2014.
"The Florida Minimum Wage." Florida Minimum Wage Rate 2014. N.p., n.d. Web. 08 Oct. 2014.
"Will the Minimum Wage Increase Hurt the Economy?" Will the Minimum Wage Increase Hurt the Economy? N.p., n.d. Web. 16 Oct.