Essay Should Congress Raise Minimum Wage?

Many Americans work solely to pay for food, electricity, and housing. In response to this “nearly 30 states have raised their minimum wage to combat job loss, poverty, and economic inflation.” (http://www.pewresearch.org). This just goes to show that more than two thirds of the country are willing to raise their wages, because the local government thinks that it is absolutely necessary in order to allow people to live sustainably. States such as California have raised their wages up to as high as $15.00! Raising the minimum wage has helped many people begin to start to live healthy lives, and it provides a way for families to expend for necessities if they work at or near minimum wage,

The case against raising the minimum wage is very simple: a higher wage will make it more difficult and expensive to companies to hire workers. What will be the consequences on the economy? Well, companies won’t be able to pay all of its workers which will lead to more unemployment. At the end, people who keep their job will have a higher profit, however those who lose their job will suffer.

There are many employees who find themselves working full-time for what the government has so generously termed the “minimum wage”. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and Seattle recently established a plan that would see their minimum wages rise to $15 by 2021. The question for all the other forty-eight states remains, should the minimum wage be raised?

Should minimum wage be increased? In my opinion, it should not be raised. But why not? If the minimum wage increases, the cons will be more effective than the pros. For a start, everyone with the higher paying jobs will want more money. Leading more money to be made and the price of goods will rise. Say right now, the minimum wage is 8.05 and if they rise it to 10$, everyone else that was getting paid 10$ an hour will want an increase as well. And it will keep going on until every job gets a raise. Also it wouldn’t be fair for the people who worked hard and some even go to college and would get paid only 10$ an hour for a start as too someone who got there first job and with no experience

There has been many conversations about what the positive impacts can come to America 's lowest income workers as a result of an increase in the minimum wage, and there has also been equally as many discussions over the negative effects the increase can have on similar people. This paper’s purpose is to combine each viewpoint and objectively analyze the arguments for and against an increase in the minimum wage. I will first discuss the benefits for an increase, then the disadvantages, and in the last paragraph, I will

A big debate in today's world is whether or not the federal minimum wage should be raised or it should stay the same. There are many reasons it's should not be raised. If it is kept the same it will be more beneficial than having it raised.

Working is supposed to help people get out of poverty, not live in it. People deserve to get rewarded for their hard work and should be paid to live a better life. But with the current federal minimum wage of $7.25 an hour, it is hard for workers to even pay for their necessities. Minimum wage should be raised to help workers feed themselves and to take care of their families with their wages. It will also help boost the economy, finish inequality and the poverty from this society.

⭐The minimum wage in the US is $7.25 an hour, and in more than 25 states it is even higher! This is a big problem and even though some think that raising the minimum wage is good economics, it actually would ruin the economy and many of the US citizens’ lives. This is because increasing the minimum wage would have negative effects like food price increases, loss of job opportunities, and less incentive for a higher education.

Overall, minimum wage should not be increased because of the effect it would have on smaller businesses, movivation to work, and demand for labor. Over the years minimum wage has been used as motivator and has supported smaller businesses. If minimum wage were to be increased so would unemployment and the crime rate. The demand would be increased, leading to a supply decrease. Although it is debatable whether or not minimum wage should be increased, it is clear that it would cause more problems than it would

It’s hard to talk about minimum wage without somebody saying that raising it will ruin the economy, but this is a myth, raising the minimum wage would benefit millions of American workers. according to a

If minimum wage was increased many jobs would be lost. Employers would be forced to fire people because they wouldn’t be able to afford to keep them. “In 1938 minimum wage was raised by twenty-five cents, resulting in many people losing their jobs” (Cato Institute). Unemployment rates would be higher than ever. Raising the minimum wage would also make it more expensive for business’ to run, giving them no choice but to close down sending more people out of work causing the unemployment rate to go up (ProCon.org). Raising the minimum wage would result in higher prices, which would then result in less items being sold (ProCon.org). Without money

In so many words the higher the minimum wages are, the higher cost of production there is. With the higher cost of production, the higher the prices increase. The higher the prices are the smaller the quantity of goods and services demanded and the number of workers employed in producing them. So just a small amount increase in the minimum wages could affect the economy all around the

The reason that increasing the minimum wage will cause thousands of jobs to be lost is that if the government increases it than employers will have to pay their employees much more. And that will force them to cut some of them that

A report from the Congressional Budget Office found that raising the minimum wage from $7.25 to $10.10 would create a loss of 500,000 jobs. The report included survey data from 1,213 employers. Out of the 1,213 employers surveyed 38% of them payed their employees the minimum wage and they felt that if the minimum wage was increased they would have to lay off some of their employees as a result. Increasing the minimum wage will also make it hard for people to find a job as 54% percent of employers said that they would they would hire less people as a result of increasing the minimum wage. Other studies also prove that increasing the minimum wage would increase unemployment numbers. A study in 2014 conducted by Steve H. Hanke, PhD, Professor of Applied Economics at Johns Hopkins University found that countries in the European Union who have a minimum wage have higher unemployment numbers (11.8%) compared to those who don’t have a minimum wage (7.9%). Increasing the minimum wage would just make unemployment numbers go up. Another separate study from

Today "the federal minimum wage" is $7.25 per hour since July 24, 2009. It has failed to keep up with inflation. The