...Raising the Minimum Wage Over the years the minimum wage has been a talked about topic. Many people would see it as a great idea because it would help families financially. In reality raising the minimum wage would be more of a struggle rather than a gift. The minimum wage has always been a struggle for people. Many people think that raising the minimum wage will solve all of our problems, when in reality it will not. It would only reduce the human motivation. Raising the minimum wage would also eliminate jobs making the economy struggle more. There would not be enough money circulating through the economy. Raising the minimum wage would reduce human motivation, eliminate jobs, raise taxes, and make the economy go into a hyperinflation. Raising minimum wage will reduce human motivation. In a perfect world where everyone comes from a good home, and lives in society, where people are raised to strive for better. In today’s society we do not have the perfect world. We have children being raised up to where they have to find a job at a young age just to help support their family. Children being raised up in a home like this creates a loss of ambition. Imagine, only being a child getting a job at such a young age. The only thing on your mind is being able to support the family with the money that is coming in. Imagine fighting to get the education back that was lost. Imagine not being able to go to school because there is no more time or money to help out yourself. Then the...
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...Why this Salary Raise is a Bad Thing Introduction: Economics has been based on multiple theories throughout history, and one of the most popular has been the free market or laissez- faire theories. This theory is based on letting the economy grow on its own without government intervention. The laissez-faire theory is logical for several reasons including, supply and demand and competition. Traditionally, consumers will only pay the amount of value they perceive the product is worth. In the same vein, an employee will only work for a wage that he deems appropriate. If the employer lowers the wage, fewer workers will desire the job. These are a few of the reasons why the free market principle has many benefits. However, in a free market there can also be market failures. Market failures can arise from a multitude of situations such as pollution, or extreme low wages in areas of poverty. In a free market, a company could cause massive amounts of pollution and not have to bear the market cost of that pollution. The society as a whole, including people who do not benefit from the cheaper product, are the ones dealing with the polluted environment. Currently our government has been discussing a raise in the minimum wage. President Barack Obama is pushing for this bill and has many supporters. A rise in the minimum wage will be a major business issue for the next year and presidential election. Pros: Raising the minimum wage some enticing benefits to the American people and also...
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...ENG 111 10 March 2014 The Reasons Why Federal Minimum Wage Is Raised U.S. President Barack Obama signed an executive order on February 12, 2014 to raise the minimum wage for federal contract workers to $10.10 an hour starting next year and encouraged employers nationwide to increase wages for their workers. The president also announced during his State of the Union address last month that he intended to take executive action to raise wages for federal contract workers (Mason). Order to understand this issue, we are going to understand what the Federal Minimum Wage is and when started it in the U.S.A. According to the United States Department of Labor (USDL), early in the administration of the Fair Labor Standard Act (FLSA), it started to be apparent that the use of the legal minimum wage was prone to producing undesirable efforts upon the financial systems of Puerto Rico and also the Virgin Island if put on all their covered industries. As a result, on June 26, 1940, an amendment was passed prescribing the establishment of special industry committees to find out, and problem through wage orders, the minimum, wage levels relevant in Puerto Rico and also the Virgin islands. The rates established by industry committees might be under the legal rates relevant elsewhere within the United States. In 1949, the minimum wage was elevated from 40 cents an hour or so to 75 cent an hour so for those employees and minimum wage coverage was extended to incorporate employees in mid-air...
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...Raising minimum wage 3/21/15 Professor Arin Black English 102 July 24th very easily could have been the day of rejoicing for Americans around the United States thanks to the Fair Minimum Wage Act of 2007, which amended the FLSA (The Fair Labor Standards Act of 1938) to increase the federal minimum wage in steps. The first increase came on July 24th, 2007 when minimum wage was increased to $5.85, then in 2008 when minimum wage rose again to $6.55, and lastly on July 24th 2009 when minimum wage was raised to its current $7.25. Instead of raising minimum wage consistently as the years before, six long years have passed since the minimum wage has risen at all in the United States and this has left Americans to have very little to rejoice about. Not only does the government owe their citizens a raise in minimum wage, but it is long overdue. Many Americans are drowning in debt but somehow find a way to enjoy their life as comfortable as possible without the help of a higher minimum wage. For many this may seem like the norm but poverty has grown ever so steadily and there has yet to be an answer for this since July 24th, 2009. Given this, I absolutely agree the minimum wage needs to be increased in order to match the rise in costs of living which, unlike minimum wage, has risen dramatically since the last time anything was done about it. To begin, I’d like to take you deeper into the history of our rise in prices throughout the economy since the last rise in minimum wage in July...
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...Should minimum wage increase? “The bottom line is that five million low-income Americans working full time for minimum wage, deserve a raise,” says Jim Clyburn. The argument that has continued for years is whether the American federal government should increase the minimum? The two opposing sides on this argument are the Republicans and the Democrats. The Democrats are for minimum wage to increase, unlike the Republicans, who are against it and think of it as a job killer. There are many reasons why the Democrats are for the increase of minimum wage. Currently, there are approximately 3.8 million people who are working at minimum wage or below it. Fewer than one in four minimum wage workers are teenagers and more than half are 25 or older. (Dickinson) If minimum wage were raised to $10.10 it would trim payrolls by less than one-third of one percent, which would help approximately one million Americans out of poverty. It has been proven by the Congressional Budget Office that the raise will not affect the number of jobs as much as people think, and the increase will accomplish more than just harmful situations. There should have been a consistent raise in minimum wage from 1968 to now, but there has not been. The federal government minimum wage should be close to $20 an hour. Tax money could potentially fund less food stamps, welfare, and other financial support for this to occur. A family of four trying to be successful and build their family is living on the earnings of being...
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...Minimum wage In our country so many people live in poverty. Even if they are working hard and doing everything right. Except the government who has been spending so much money on foreign soil that we have none left to spend on ourselves. Minimum wage is not as high as it should be with all of these outrageous prices and spikes in gas and food. It should at least be bumped up to eight dollars an hour starting out or maybe more. In these times of need we need companies to start appreciating there help instead of working them to death with little to show for it. I understand that our country is in crises with the economy being so bad. I also understand that we should help other countries if we can because we may need help in the future and making allies is a big deal. And, on a cynical level, I suspect that the government may know more about this kind of stuff than we do. Nevertheless, the government’s solution to cut pay or lay off hardworking people is unfair to our country and to the everyday, hardworking people of our country. Knowing how it feels to be a hardworking American I support the raise in minimum wage. Having two children and a husband who is not working being a single working household, I know how hard it is trying to live on minimum wage. I probably have the least amount of bills a person can have but we still struggle every day. The government’s decision not to raise the minimum wage already is turning people against everything it stands for...
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...Minimum Wage: The Effects of Minimum Wage on the Economy and Poverty Level in relation to Living Expenses Alison Denne Central Virginia Community College Minimum wage started with the “New Deal” program. In 1933, Roosevelt’s advisers decided to develop a National Industrial Recovery Act (NRA) to “suspend antitrust laws so that industries could enforce fair-trade codes resulting in less competition and higher wages” (Grossman, 1978). In his President’s Reemployment Agreement, Roosevelt accepted “to raise wages, create employment, and thus restore business” (Grossman, 1978). This began the arrangement of the government creating a policy for the working class. In order to offset the “overwork, underpay” regulations in the US economy,...
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...VA, 22108 Re: The minimum wage debate Dear Editor: I was very pleased to read your article about the minimum wage battle. This is an issue that affects so many Americans. I agree with you that President Obama faces a difficult path in his efforts to raise the federal minimum wage. I also agree that the minimum wage increase is well overdue. I understand when you stated that many Americans are living almost in poverty. I once was example of one of those minimum wage workers. In 2009 I lost a well paying job due to layoffs, and I was forced to take a job making $10.50 an hour which was above the minimum wage. Thank God I didn't have any children at that point, Because I barely made it off of that $10.50. I had to adjust my lifestyle, I also had to call my mortgage company to request an adjustment to my monthly mortgage. The mortgage company worked with me, and lowered my payments, until I was back on my feet. So I definitely think that the minimum wage should be increased. I applaud the families that are making it work, and pray that they get the raise that they deserve. It was also great to read a testimony from a minimum wage worker. Alberta Loder, and her struggle to raise her daughter. She simply needed more money hourly to provide simple things like more food, and milk for her daughter. I think that it is a good thing that you provided a break down in Alberta's monthly expenses, so that other people especially the ones that are against the minimum wage increase can see how...
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...reason I believe being that the federal minimum wage is too low. Minimum wage should be $15 in every state. If we want people to experience the freedom and opportunity, it can’t be done off $7.25. People have kids to provide for, colleges to attend, families to support, and so many more things. The luxury to afford to have all the “freedom” or “opportunity” the rich may have isn’t plausible for minimum wage workers. Every morning these people wake up and questions whether they have enough money for food or housing for example. Robert Reich, an American political economist, professor, author, and political commentator, made some good points on this issue. Reich also believes that the minimum wage should be $15 an hour. We both agree with federal minimum wage being hiked to $15 an hour. My reason as to why I agree with him being that Reich gives 7 very valid reasons as to why the raise should occur. The benefit over time would be well worth it. Congress instituted the minimum wage in 1938 as part of the Fair Labor Standards Act (DOL). The first minimum wage that was established was 25 cents an hour (James). The last minimum wage increase occurred in 2009, when Congress raised the rate to $7.25 an hour (AFL). The District of Columbia and 19 states have also established local minimum wages higher than the federal rate (AFL). Over the past 65 years the minimum wage has varied considerably in inflation-adjusted buying power (James). If minimum wage had been adjusted according to inflation...
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...Abolish or Sustain? The Minimum Wage Debate Sarah Campbell May 8, 2013 Abstract In 1938 the Fair Labor Standards Act established a federal minimum wage. Minimum wage has continuously increased throughout the years due to interest rates and the value of a dollar. Since its introduction the minimum wage has risen from 25 cents an hour to 7.25 dollars per hour in 2009. In President Obama’s recent State of the Union Address he states, “Working folks shouldn’t have to wait year after year for the minimum wage to go up while CEO pay has never been higher.” He hopes to raise the minimum wage by 2014 to 9 dollars per hour. Following the President’s support on minimum wage increase Sen. Tom Harkin (Democrat-Iowa) and Rep. George Miller (Democrat-California) formalized a proposal known as S.460, the Fair Minimum Wage Act of 2013 to increase the minimum wage by 2015 to $10.10. This proposal includes increasing the minimum wage (in three incremental increases of $.95) and then indexing it to inflation (“as prices rise, so would the minimum wage” (Cooper, Hall 2013)). Also, the tipped minimum wage (the minimum wage paid to workers who earn a portion of their wages in tips) would be increased in $0.85 increments from its current value of $2.13 per hour, where it has languished since 1991, until it reaches 70 percent of the regular minimum wage (Cooper, Hall 2013). However, in the current tough economic times many people argue that an increased minimum wage will only hurt and that...
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...The Minimum Wage Rate The minimum wage rate (the lowest legal rate to pay employees) has become a very controversial issue in the Unites States in recent years. The minimum wage rate does not reach the average living wage rate (the amount it costs to live in an area) in most parts of the country. The minimum wage rate is currently $7.25 in America, while the living wage rate for smaller cities such as Racine WI is $8.66 and Kenosha WI at $8.97 (Living Wage Calculator). The minimum wage rate needs to be raised to equal living wage rate in order for people to cover their living expenses. People also need to be able to set aside money for emergency situations. Human beings should be entitled to the basic necessities in life. According to Jeannette Wicks, "nearly two-thirds of people in households with incomes above the poverty line but below twice that level reported serious economic hardships--failing to pay their rent, having their phone disconnected, worrying about running out of food, or relying on the emergency room for routine medical care" (Wicks-Lim). Without a minimum wage rate that equals the living wage rate, people will continue to fall into a hole of debt they cannot dig themselves out of. It is not acceptable to allow people to fall further and further into debt, while businesses continue to deposit money in their savings accounts. Minimum wage does not provide a suitable savings for the average minimum wage worker. According to Jeannette Wicks-Lim, the average...
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...Issue 4, pp. 258-269. The issue of the minimum wage permitted by law increments has been disputable since the initiation of the base wage law in 1938. The minimum wage permitted by law, which incorporates tyke work laws, was established to shield American specialists from exploitation and poverty during tough economic times (Schuldt, Robert; Woodall, Davis; Block, Walter E., (2012). Despite the fact that the law achieved what it was planned to at the time, increments in the minimum wage permitted by law through the years have delivered higher unemployment rates and higher destitution levels. As the minimum wage permitted by law expands, managers are compelled to dispense with representatives who are not living up to expectations up to the current the minimum wage permitted by law level and contract better-gifted individuals who are justified regardless of the wages they are paid. Expanding the minimum wage permitted by law causes an increment in unemployment among specific populaces for this very reason. Totally dispensing with the minimum wage permitted by law is not the answer for the issue, however in the event that the minimum wage permitted by law stays at its current level for a couple of more years, it may rouse the minimum wage permitted by law workers to accomplish more to ensure their own budgetary future. The civil argument over raising the minimum wage permitted by law has been a hotly debated issue after President...
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...Issue 4, pp. 258-269. The issue of the minimum wage permitted by law increments has been disputable since the initiation of the base wage law in 1938. The minimum wage permitted by law, which incorporates tyke work laws, was established to shield American specialists from exploitation and poverty during tough economic times (Schuldt, Robert; Woodall, Davis; Block, Walter E., (2012). Despite the fact that the law achieved what it was planned to at the time, increments in the minimum wage permitted by law through the years have delivered higher unemployment rates and higher destitution levels. As the minimum wage permitted by law expands, managers are compelled to dispense with representatives who are not living up to expectations up to the current the minimum wage permitted by law level and contract better-gifted individuals who are justified regardless of the wages they are paid. Expanding the minimum wage permitted by law causes an increment in unemployment among specific populaces for this very reason. Totally dispensing with the minimum wage permitted by law is not the answer for the issue, however in the event that the minimum wage permitted by law stays at its current level for a couple of more years, it may rouse the minimum wage permitted by law workers to accomplish more to ensure their own budgetary future. The civil argument over raising the minimum wage permitted by law has been a hotly debated issue after President...
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...According to Webster's Dictionary The definition of minimum wage is “the lowest wage paid or permitted to be paid” (“Minimum Wage”). The big question is, should minimum wage be raised? Over the years there have been many protests in Wisconsin because of people thinking that they deserve a higher pay rate. I strongly disagree with this controversial topic of raising minimum wage because it will cause more job layoffs and cut benefits, small businesses can’t afford it, and it will reduce the worker's motivation to get a higher education. $0.25 an hour was the first federal minimum wage in the 1930’s (“Why We Should Not Raise the Minimum Wage”). Although the minimum wage has raised to $7.25 per hour since then, many people still believe it is still not high enough....
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...Issue 4, pp. 258-269. The issue of the minimum wage permitted by law increments has been disputable since the initiation of the base wage law in 1938. The minimum wage permitted by law, which incorporates tyke work laws, was established to shield American specialists from exploitation and poverty during tough economic times (Schuldt, Robert; Woodall, Davis; Block, Walter E., (2012). Despite the fact that the law achieved what it was planned to at the time, increments in the minimum wage permitted by law through the years have delivered higher unemployment rates and higher destitution levels. As the minimum wage permitted by law expands, managers are compelled to dispense with representatives who are not living up to expectations up to the current the minimum wage permitted by law level and contract better-gifted individuals who are justified regardless of the wages they are paid. Expanding the minimum wage permitted by law causes an increment in unemployment among specific populaces for this very reason. Totally dispensing with the minimum wage permitted by law is not the answer for the issue, however in the event that the minimum wage permitted by law stays at its current level for a couple of more years, it may rouse the minimum wage permitted by law workers to accomplish more to ensure their own budgetary future. The civil argument over raising the minimum wage permitted by law has been a hotly debated issue after President...
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