Money Talks Does minimum wage make a significant impact on our poverty level or job opportunities? The debate over raising minimum wage has become one of the most discussed topics in today’s society. Political leaders speak of raising minimum wage a substantial amount in order to benefit the general public, while others argue that raising the hourly rate will only cause harm to our humanity. While some present optimistic views with facts and statistics, the opposing viewers present many negative…
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Raise the Minimum Wage “66% of US workers earning less than $10 an hour report that they "just meet" or "don't even have enough to meet" their basic living expenses”("Minimum Wage - ProCon.org."). Many people agree that not paying people enough money to survive on is a terrible tragedy that needs to be fixed, despite those who disagree with it. The fact that the minimum wage allows some to pay people not enough to live on is something that can be fixed, and those who doubt that the minimum wage is insufficient…
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Should Minimum Wage Be Raised or Not? The minimum wage articles discussed the benefits and disadvantages for people and businesses. According to “Let’s Make the Minimum Wage a Living Wage” by Ira Knight, raising the minimum wage would have benefits for people. He presents strong facts and arguments in his article. On the other hand, “Keep the Minimum Wage Where It Is” by Janice Steele, she argues that raising the minimum wage would affect the people negatively. Although both articles had good points…
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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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government should not increase the federal minimum wage from $7.25 an hour to $15 an hour as it disadvantages those with minimum-wage workers. Firstly, People who agree that the federal government should raise the federal minimum wage because living wage is expensive, the article “Should the Federal Minimum Wage be Increased?” demonstrates in a study from 2000-2009, after 3 months of raising the minimum wage researchers found that, “Raising the minimum wage causes a temporary spike in spending power…
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The topic of raising the minimum wage involves both advantages and disadvantages. Some pros of raising the minimum wage are. Increasing the standard of living. Raising the wage could allow minimum wage workers to afford necessities such as food, housing, and healthcare. The cost of living has increased and continues to do so, so raising the minimum wage would help these workers (Maverick, 2024). Decreasing poverty. Raising the wage could allow a great number of families to move out of poverty because…
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Smith ECN201 10/29/2014 Baker College Reasoning for Federal Minimum Wage The reasoning for the United States having a Federal Minimum Wage Law is to protect the workers so that they earn enough to live on. “If a firm can’t pay its workers enough to live on, then it isn’t a viable business, because it is dependent on wage subsidies.” Coppola, F. (2014) Forbes. This sounds like a good reason for us to have minimum wage laws, but the real reason has little to do with workers being able…
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Over the years, minimum wage laws have benefited and hurt companies. Some companies pay their employees so much that they have less workers. Others pay less so that there are more workers. I believe that employees shouldn't get paid as much because the company will always be looking for people to hire after the previous employee(s) have quit, the company will run out of money, and everyone will try to get the job for the pay, but can due to the limited employees. Minimum wage must be decreased so…
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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…
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Raising the Minimum wage has been a very controversial topic, however most people don't know about the destructive outcomes. The minimum wage was set to protect workers from getting paid too little and to compensate with the raise in living costs. The current minimum wage is $7.25 but many think it should be raised higher. An increase in the minimum wage will lead to more problems rather than reduce them. In the United States raising the minimum wage is a major issue because it destroys jobs and…
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