Minimum Wage Should Be Raised

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The debate over minimum wage has been a large topic for several years. The current minimum wage in America is $7.25 an hour, which may not be enough to support someone who has more than just themselves to take care of and whose household is not gaining any other income. There are various possible benefits and disadvantages to raising the minimum wage, but doing so would help people who only earn the minimum to better support themselves.
Minimum wage and poverty has numerous social effects because of the difficulty to support themselves and their families. Some families choose to live further away from work for cheaper rent, but every dollar they save on housing, they spend an additional 77 cents on transportation. People are also often forced to share housing because of the high costs. There is a penalty for not buying insurance, but because it is so low compared to the cost of coverage, many low-income workers opt out altogether. A great number of people who live below the …show more content…
Raising it would help to stimulate the economy because it would allow those low-income workers to spend more money. This would help bring more opportunity for jobs because businesses would need to hire more employees to keep up with the increased sales. They would also be better able to support themselves, so social programs won’t need as much funding. The minimum wage should also be raised to account for inflation, which is raised every year, while the minimum wage is rarely increased.
Despite the possible disadvantages of raising the minimum wage, it has quite a few benefits. There are countless possibilities that could occur from raising it, such as stimulating the economy, create more job opportunities, and allowing people to earn enough money to support themselves and their families. If people are better able to support themselves and those they take care of, then it would also help with their health and social

Minimum Wage Should Not Be Raised

Raising minimum wage such a good thing? The raise in minimum wage is a scary thing for many workers. People may think a raise in minimum wage is a good thing, but there are many bad things that can come from raising minimum wage. One reason why raising minimum wage could be detrimental to many workers on minimum wage is many of the people working for a company getting paid minimum wage would end up getting laid off because of the company's lack of money. Also another reason raising minimum wage would…

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Minimum Wage Should NOT Be Raised

our first job is the minimum wage. How much will I be getting paid? $7.25 isn't high enough for me. As we all make it seem that the minimum wage now isn’t enough for us, well it certainly is. It comes to finding out if the increase in minimum wage will affect us rather than benefit individuals. I believe the minimum wage should not be raised because it will produce more problems worldwide, causing individuals to be out of a job or even a business having to shut down. Minimum wage laws have been around…

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Why The Minimum Wage Should Be Raised

“The minimum wage is one of the most thoroughly researched issues in economics” (“The Case for a Higher Minimum Wage”). As this New York Times quote says, minimum wage is one of the biggest issues in economics today. There are so many reasons why we should and should not raise it that we still have not come to a resolution for the issue. I believe the minimum wage should be raised because of some obvious reasons. One of the reasons why it should be raised is because the minimum wage has not been…

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Essay On Should Minimum Wage Be Raised

Many people can argue the topic of which minimum wage should be raised or not. Most people want the minimum wage to be raised because you can’t raise a family nor live off of money from a minimum wage job. On the other hand, people can argue that teenagers that have little to no experience should not make as much money as a 35 year old, with a degree from college. Minimum wage should not be raised because of the cause of job loss and inflation in our economy today. There are many reasons to back…

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Should Minimum Wage Be Raised Essay

increasing minimum wage. People throughout America have been fighting for higher wages, but they do not know what would actually happen if the minimum wage was made higher. One of the major issues that would occur if the minimum wage was raised, is thousands of small businesses, and a handful of giant businesses, suffering and and eventually going out of business, which would result in losses of thousands of jobs. According to a Gallup Poll, 60% of small business owners say that raising the minimum wage…

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Essay On Federal Minimum Wage

Federal Minimum Wage What does The Federal Minimum Wage mean to you? The Federal Minimum wage is the lowest wage permitted by The United States of America. No matter where you live in the U.S, no business is allowed to pay you under the Federal Minimum Wage. The current Federal Minimum Wage is $7.25 an hour. In the past few years, there have been opposing arguments on the Federal Minimum Wage. Some people say it should be lowered, some say it should be kept the same, and some say it should be raised…

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Benefits Of Raising Minimum Wage

The federal minimum wage was established in 1938 as part of the Fair Labor Standards Act. The original purpose in setting a minimum wage was to stabilize the economy following the Great Depression and to establish and protect a standard of living for workers (“Minimum Wage”). Today, the minimum wage in most states fails to cover the cost of living for many minimum wage employees workers. Many people argue that raising the minimum wage would be detrimental to the American economy by increasing…

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The Pros And Cons Of Raising Minimum Wage

There's a large controversy on whether minimum wage should be raised or if it should be abolished. Personally, I don't believe that minimum wage should be abolished but I also don't think it should be raised. If it is raised, the prices of goods will go up and it will decrease motivation to get an education for a “high pay” job. If minimum wage is abolished then businesses will pay employees whatever they want and our economy could crash. If we raise minimum wage, the prices of certain goods will go…

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Essay on Minimum Wage Teens

Campos Minimum Wage 12/2/14 Period 5 By raising minimum it can help the economy and better us as a nation. Meaning that we as Americans would have our own economic structure to depend on, not the government’s money. Also raising the minimum wage we as a nation can become stronger and start to pay off the debt the country has. Additionally the money the government uses now to give to people can be put towards education, health care and in the cities that need it most. One reason why minimum wage…

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Not raising minimum wage Essay

Not Raising the Minimum Wage: More Food Stamps and Welfare While trying to fight off a bout with the flu, Bob Smith worked his busy sixty hour week at the local hardware store. One day, while riding home on the bus after just receiving his measly paycheck, he wondered how he was going to put food on the table for his four young children and buy new shoes for two of them, who are growing like weeds. He also feels a strong obligation to help his ailing mom pay her medical bills. He could barely…

Words 546 - Pages 3