Essay about Minimum Wage in the United States - 2546 Words

Minimum Wage In the United State U.S. Minimum Wage A minimum wage is the lowest hourly, daily, or monthly wage that employers may legally pay to employees or workers. The debate over minimum wage in the United States has been ongoing for over 100 years. It is a hot topic in labor, human interest, and especially in economics. Is the minimum wage too low? Is it too high? Should we have one at all? Does having a minimum legal wage help those who it is intended to help, or does it actually make them worse off? Theses questions are asked on a daily basis by interested parties. While there may not be one definitive correct answer, there are compelling arguments on both sides of the issue, and those who represent their â€Å"side† are†¦show more content†¦If a person could receive an amount close to what they would earn at minimum wage through the welfare system, what motivation would they have to work the minimum wage job? In contrast, if workers are paid an amount that is considerably more, they will find and keep work. This serves another purpose, to decrease the cost of government administered social welfare programs by getting people off of welfare and onto payrolls. Another common argument made by those in favor of the minimum wage is that it actually helps to stimulate spending, improving overall economic conditions.[vii] The theory behind this argument is that low wage earners typically spend everything they make. Whether on necessities or luxury items, minimum wage earners are likely to spend their entire paycheck. If there were an increase in the minimum wage, the people who would receive the pay increase would turn around and spend their new money. This would help to cover the costs of the increased wages as many businesses would see an almost immediate return through increased sales. While this argument seems to make sense, it must be clarified that no empirical evidence to support this claim could be found. Another argument made is that an increase in minimum wage helps to improve the work ethic of those who receive the increase. The implication is that if their employer is forced to give them a raise, they will be compelled to work harder to improveShow MoreRelatedThe Minimum Wage Of The United States928 Words   |  4 Pagesdissertation is that the federal minimum wage in the United States (US) has been at a stalemate for several years. (Addison et al, 2013) While policy makers are undecided whether to sign a bill into law that will increase the federal minimum wage, the workforce is held in a quandary. The inequality of wages across the country is unbalanced, because some states and various industries are exempt from the minimum wage laws. (Clain, 2012) Due to lack of awareness of the minimum wage laws, the workforce employedRead MoreMinimum Wage At The United States1129 Words   |  5 Pagesintended to raise the current minimum wage floor of $7.25 in the United States stalled in Congress. As the November election approaches, many Democratic senate members are placing the issue of minimum wage at the forefront of their election campaigns, hoping to sway working-class voters in their favor. The issue of minimum wage has become a matter of politics, politics which far overshadow the far more pertinent concern of minimum wage’s economic effects. Minimum wage is a complex issue, and understandingRead MoreMinimum Wage in the United States1244 Words   |  5 PagesIntroduction WASHINGTON D.C. President Barack Obama has shouted on Congress to raise the combined minimum wage, the centerpiece proposition at the State of the Coalition address that concentrated on commercial inequality in America. Pointing out that the present minimum of $7.25 is nearly 20% lower in real paying manipulation than it was 25 years ago, he impelled legislators to prop a bill that should hold the nationwide rate to $10.10. We additionally have to do extra to safeguard our economy distinctionsRead MoreMinimum Wage And The United States1790 Words   |  8 Pagesestablish as the official minimum wage in the United States has been debated and argued over for many years. Due to inflation, the gradual increase of pricings due to a saturation of printed currency, the minimum wage for workers has to be increased in order to compensate for the ever-fluctuating value of the U.S. Dollar. Many today are rising to the conclusion that a minimum wage of fifteen dollars an hour is necessary. This motion is designed to keep those who have minimum wage income out of povertyRead MoreRaising The Minimum Wage Of The United States1309 Words   |  6 PagesRaise the minimum wage: In the United States, studies show that women tend to make up a disproportionate share of low-wage workers. In the field of education, men tends to go more to STEM than women and that also leads to high paying jobs for men. If we raise the minimum wage, this will help hardworking women to support their families. Approximately, women made up two-thirds of all minimum-wage workers in 2012. With the current federal minimum wage i.e. $7.25 per hour, someone working full timeRead MoreMinimum Wage And Its Effect On The United States871 Words   |  4 PagesHouse Bill 230, or the most recent bill introduced in North Carolina to increase minimum wage, was introduced by the House of Representatives on March 12, 2015. After the first version of the Bill was introduced, it was revised once. The bill was introduced because the goal of the state is to provide a minimum wage that allows for a decent and healthy life for its citizens. As the value of the American dollar continues to change, so does the average cost of living. The primary sponsors of the BillRead MoreUnited States Support Minimum Wage1079 Words   |  5 Pagessurvey results on a wide range of topics including minimum wage. Statistics and Demographic In order to begin to understand the argument at hand, one must first be understand who the people are on either side of the wage increase argument and who are the people affected by low wages and possible wage increases. In a research study done by Drew Desliver, in 2015 it was reported that 73 percent of people in the United States support minimum wage increases. This figure represents 90 percent of democratsRead MoreMinimum Wage : The United States Alone Essay1161 Words   |  5 PagesZachary Papadatos Mrs. Stockton English IV 6 November 2015 Minimum Wage In the United States alone, the amount of people in poverty is 14.5%. That equates to 45.3 million people in 2013. In a country like America, one of the world’s superpowers, it’s embarrassing to admit. But the main issue is to fix issues like these with the minimum wage and welfare. The minimum wage applies to workers who got a job whether because they were in school or because they had not gone to college and had noRead MoreMinimum Wage During The United States2290 Words   |  10 PagesMinimum wage in the United States has become an extremely controversial topic in today’s society. The cost of living continues to grow each year but why does the minimum wage stay the same? This is a question that many people are forced to ask themselves each day. Many people who hold low income jobs and can barley afford to survive must rely on government assistants. By raising the minimum wage to an amount that would allow citizens to afford living standards our natio ns economy would benefit greatlyRead MoreThe Effects Of Minimum Wage On The United States1168 Words   |  5 PagesResearch shows if minimum wage was to climb that it would hurt the least skilled and the least experienced people trying to seek a job the most. There are different of opinions people believe in about the positive and negative aspect of minimum wage. Supporters argue that such a boost will shrink poverty without plummeting jobs and that it will boost confidence, increase the normal living, and cut inequality and have businesses to be well-organized. Opponents that are not for minimum wage say it will increase