Preview

Raising Minimum Wage In The United States

Good Essays
Open Document
Open Document
805 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Raising Minimum Wage In The United States
During the current problem in the United States and the argument of raising or keeping the minimum wage payment, it brings attention to the workers and big corporations. Many thoughts on the cost of living with a higher minimum would make the cost of living boost to the point where it’s not affordable to the average citizen. Raising the minimum wage could crush small businesses and turn eight employees at a chain restaurant to four employees due to the insufficient funds to pay the other four. Increasing the minimum wage will hurt the United States in more ways than citizens think. For America the price of goods and services will rise to the ultimate high. Owners of small businesses agree with raising the minimum wage will also exert upward pressure on other wages. Growing a small business with higher wages will be problematic and harder to hire new employees or even keep ones that already work at the business. Owning a business is not easy as an owner, most owners say that increasing the minimum wage will make him boost prices which could cause less profit making in years to come. In interview Rajeev Dhawan said “ What matters for people earning minimum wage is how much money they take home in total in their paycheck”. Many restaurant officials say that a high wage would …show more content…
Nobody wants unemployment where it was 5 years ago, all the home owned stores and restaurants will close and everything will be ran by a chain restaurant and or a big corporation. In other words you won’t be eating at unique restaurants, everywhere you look will most likely be a fast-food joint. Non skilled workers will be working and not the people we want to see working at are corporations. Finally increasing the minimum wage will hurt the United States in more ways than citizens think by the proven facts, and information given by people and Government

You May Also Find These Documents Helpful

  • Good Essays

    Minimum Wage Changes

    • 792 Words
    • 4 Pages

    Firstly, the economy would be impacted due to job losses. Harris says, “The proposed increase in the minimum wage to $10.10 an hour would cost the economy 500,000 jobs”. An increase in minimum wage would negatively impact the flow of money in our economy. Secondly, minimum wage has already affected the food industry. Puzder describe food service jobs have plummeted in Seattle and San Francisco. In San Francisco 2,500 food service jobs have been terminated, and in Seattle 1,100 have as well. As you can see, raising minimum wage has already impacted jobs in large cities on the west coast. Thirdly, new businesses are discouraged because of larger minimum wages. Puzder continues to report, that new business startups were less than the number of business closures. Businesses are struggling to stay afloat in this economy. In sum, the economy in the United States would be negatively impacted by increased minimum…

    • 792 Words
    • 4 Pages
    Good Essays
  • 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

    Dante Johnson, I agree inflation is a major issue whenever the subject of raising current minimum wage. If companies have to raise their current minimum wage the consumer will be the ones who pay for this finance increase. As a result, neither the corporate companies nor the consumer would benefit from raising the minimum wage. But in addition to inflation, low skill or inexperienced workers will be the ones to suffer most. Employers will not pay $12 an hour to hire a worker whose hourly efforts bring in $10. As I mention in my post a higher minimum wage will put the inexperienced workers out of a job. This happens to effect teenager greatly as many are starting out in the workforce. If the current minimum wage is raise most likely inexperienced…

    • 209 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Minimum wage is not just about somebodies income. Raising it will have much greater affect on the economy. The cost of goods and housing will go up. The reason the price of those things will go up is because we still have to help cover the cost of workers. By increasing the minimum wage it will decrease ones desire to further their education.…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Some people believe that raising minimum wage will help with economic growth, while others believe that minimum wage would do the opposite and actually force the manager to lay off many employees and raise unemployment levels. After researching both sides of this argument I believe that minimum wage should not be raised because after the price is higher, the company will not have enough money to pay all their employees and would have to make sacrifices such as laying off employees and maybe replacing them with machines so they don't have to pay them. If the minimum wage is raised many bad things could happen because of it.…

    • 1462 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Mcdonald's Minimum Wage

    • 1223 Words
    • 5 Pages

    Almost everyone in the world knows about the giant food chain, McDonald’s. Many of the employees who work at McDonald’s earn the federal minimum wage, which is $7.25. Many states across the country are now fighting for a higher minimum wage for everyone. Some states, like California have already started to raise the wage, and are currently on track to make a $15 minimum wage the law in California. Many believe that raising the minimum wage will bring thousands of people out of poverty and help low-income families who are above the poverty line. With a potential minimum wage hike, there would be catastrophic results. Minimum wage should not be increased above the federal minimum because unemployment will rise significantly, inflation will hurt…

    • 1223 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    As living expenses rise, and inflation takes its toll, it is merely common sense to raise minimum wage to help blue collar Americans cope with the everyday change in our currency. Raising the minimum would help cover the basic necessities of an average worker’s life, stimulate the economy, and help balance the growing gap between the middle and upper classes.…

    • 305 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    rogerian paper-minium wage

    • 1015 Words
    • 3 Pages

    While people working fast food jobs are mandating 15 dollars an hour, no one addresses the consequences that can be expected from the increased wages for little to no skill jobs. If the minimum wage was increased across the board, it would force companies to overpay for labor which is not good for economy because it does not allow for efficient markets. When markets are not efficient prices of goods and services can experience negative upward and downward pressures on the prices of the factors of production. Overall, if wages were increased too high and too quickly, it would have an instant negative Impact and serious Long-term ramifications…

    • 1015 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Minimum wage is a topic that is always being discussed and debated over. One reason that this subject is so popular is because everyone who has a job is affected by the result of the wage. Some believe that the minimum should be raise to at least $9, while others strongly believe that the raise in wages will disturb the state of the economy. In the articles I have selected the pros and cons of raising the minimum wage are clearly stated. Some of the texts are editorial articles, and scholarly articles that have to do with the raise in the wage and others options on the subject.…

    • 625 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    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. Surplus happens when the quantity of supply is greater than the quantity of demand. In this case, more people are willing to work than employers are willing to hire at the stage of minimum wage price rising and it will result in high unemployment. There would be a high unemployment rate because employers are forced to pay more which likely lead them to hire fewer workers in the workplace, especially for the small business or companies. Fewer people getting hiring mean less work is being done.…

    • 317 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Raising Minimum Wage

    • 621 Words
    • 3 Pages

    Raising the minimum wage is a topic that often brings about much debate. But in the overall aspect, what such changes would it bring? People often fight over if it would be more of a good thing or more of a bad thing, throwing around misconstrued ideas before actually doing their research just because they heard it somewhere else. Well after much consideration, research, and discussion it does appear that it would be more beneficial to raise the minimum wage because it wouldn’t only lead to economic growth but also lead to job growth and a possible increase for job placement advances.…

    • 621 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The effects on small businesses could be devastating if there was an increase in the minimum wage. Owners find it unbelievably hard to maintain a good profit and keep afloat as a business if minimum wage was increased. Therefore, there should be changes in how the owners handle the higher minimum wage. For example, Anna Reyes, employee at…

    • 718 Words
    • 3 Pages
    Good Essays
  • Good Essays

    This paper will talk about the subject of minimum wage in America. Right now it is a struggle for those who work and receive the 7-10 dollar an hour pay. With that type of income a family of three (two parents working (minimum wage) and one child) will only make $30, 160 in a year. Now we all know that you cannot do much with $30,160, but that does not mean that they deserve more than that. People deserve what they put in. That is why people who work hard tend to earn more money than people who do not. Here are three reasons for why the US should not raise the minimum wage. The minimum wage is for people who do not try hard enough in school, it will also raise the prices that we pay for, and it will also just make inflation increase at a much faster rate.…

    • 641 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Raising Minimum Wage

    • 497 Words
    • 2 Pages

    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.…

    • 497 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    There has been a lot of discussion regarding the increase of minimum wage across the nation. Currently, the wage is set at a low amount of $7.25 an hour. In today’s society it is almost impossible to live on only an income of $7.25 an hour especially for those who are raising a family. In President Obama’s 2013 State of the Union Address, the president proposed to raise the minimum wage to 9 dollars by the year 2015 (Luhby). A higher minimum wage would help people living in poverty by providing better means of financial stability, and it would also improve the chances of those people trying to escape poverty stricken living conditions. Another bonus to increasing the minimum wage is that it could potentially…

    • 2313 Words
    • 10 Pages
    Powerful Essays