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The point is to help the lower-income families get back on their feet, not destroy the economy.
According to Jones; Farness (2002), people who earn minimum wage account for approximately
seventy per cent of the United States gross domestic product. Give me your paper requirements and
I connect you to an academic expert. Children cannot improve and better their lives if their parents
cannot afford to pay for their education. Currently, the minimum wage leaves a working parent with
one child in poverty. Also, people would be laid-off in slower and smaller businesses because of the
budget cut and not being able to pay their employees. (Doyle 1). Help Center Here you'll find an
answer to your question. More workers will be able to enter the job market when wages rise (Jones;
Farness, 2002). Though this is true for a select few corporations with astronomic profits, there is a
major flaw with this line of argument. It was stated that children do better in school when their
mother has a higher income. California, Oregon, Vermont, and Minnesota had the most assistance by
TANF than the remaining 46 states in the United States (Spencer 2). To some these might be excuses
and they may be, but the point is that they are doing their best to support their families. Poverty
continues to increase in the United States. The cost of living is so high, especially in major cities such
as New York, that it is nearly unbearable to raise a family on a minimum wage income. William
Wascher of the Federal Reserve Board and David Neumark of the University of California, Irvine in
the book Minimum Wages, said that they found a 1 to 2 percent reduction in low-skill employment
for each 10 percent minimum wage increase (Rugy). For many workers in certain sectors, wages are
so low that even those who work full time must rely heavily on government assistance to make ends
meet. As technology keeps on improving and getting better people need to be more educated and
worked even harder. This uneven balance of the distribution of wealth is causing a significant
amount of our population to suffer below the poverty line (Great Britain, 2011). While it’s going to
improve the standard of lifetime of low-income employees, it still depends on the structure of the
market. In the United States, many people are greatly affected by the federal minimum wage. If the
wage is more than equality, then there will not only diversion of unemployment, because the dictate
for employment will be lessened than the supply of employment alliance also has a similar outcome
if they grow their pay above the equilibrium. For example the minimum wage in California has
gradually been increasing since 2006. Increasing the minimum wage will also cause a full scale
domino effect of supply and demand economics on all levels. Approximately more than fifteen
million women will see their pay go up. In political science, a base imposes a price on prime of
market equality, inflicting quantity equipped to exceed quantity demanded leading to a surplus”.
Executives and those at the top of businesses will keep their jobs while low-skill and entry level jobs
will suffer the blow of minimum wage legislation (Wolfram). People should not be living the rest of
their lives in poverty and they should be able to pay for what they need. Automation will be adopted
by businesses in order to compensate for the mandated higher wage. The first stage of this domino
effect begins with the cost of producing goods increasing after the wage is increased (Branco and
Wolfram). The problem with minimum wage in America is that it causes a lot of poverty, causes
individuals to work more than just one job.
There are many facts that show an increase in the minimum wage would hurt our economy. Analyze
this data critically, considering different perspectives and the quality of the evidence. The
government performs a fundamental economic and social role by Raising the minimum wage. If low
paid workers start to make more money, people would be seen as more equal and there would be less
poverty. Workers’ wages are not able to “provide for basic social needs, including housing, food, and
other reasonable needs” (Romich). To get across their argument and share it with the world they
used pathos, ethos, and logos. Lately, there has been a massive political debate on whether or not to
raise the minimum wage. For example, San Francisco’s lowest pay permitted by law is higher than
the province of California’s minimum wage. The minimum wage is the lowest wage employers can
legally pay their employees. Children who are unable to be near their parents a lot are seen to have
“higher levels of aggression and acting-out behaviors” (Lowe, et al.). Mothers and fathers are unable
to spend a lot of time with their children when they are working many hours to try to make ends
meet. It was created to help Americans in poverty and consumer power purchasing. This is very well
known in the fast-food industry, where computers replace employees that normally take orders
(Wolfram). In a journal called Is Raising the Minimum Wage a Good Idea. On the other hand, the
political cartoon by Wolverton depicts a rich businessman sitting on top of suffocating workers with
an abundance of cash with him. Presented by Neumark and Wascher: ” a federal earning was 1st
enforced by the USA with the passage of the honest labour standards act of 1938 that presently
covers completely. Additional employees can be part of the Labor from the final population as a
result of wages are higher. Some people may feel bad for what the kids went through and some
simply don’t care. Including a range of viewpoints will strengthen your argument and demonstrate a
comprehensive understanding of the topic. Factual evidence and statistics can show raising it will
hurt many more than it would help. Answer: A large body of evidence—although not all of
it—confirms that minimum wages scale back employment among low-wage, low-skill employees. A
person living on their own cannot survive on the minimum wage job. Regarding the wage rate, the
government of the United States intervened to maintain a lower limit on the hourly wage rate of a
worker’s labor. Thus, these same businesses will not take in more people regardless of whether there
is interest for the jobs as they cannot financially afford it. Celebrities and lawyers reside in hilltop
mansions while the economically lower classes flounder to make a living and stay in their homes. In
1968, the minimum wage was high enough to cater the needs of a family of three comfortably
keeping them out of poverty. People pushing for this raise in minimum wage just want fairness, but
according to someone attending Rutgers University what is considered fair is completely opinion
based which is completely true. Long Essay on Minimum wage 500 Words in English Long Essay on
Minimum wage is usually given to classes 7, 8, 9, and 10. An increase in the minimum wage will also
motivate people to get employed. Lowe, et al. explains how a woman’s job can affect the
development of her children. The debate has been brought about since many people are earning the
minimum wage and are dissatisfied.
Much of the workforce feel like they are being paid unfairly and want to see their wages increase
dramatically. The increase in the minimum wage would greatly benefit the nation, as all the citizens
desperately need financial stability. There are arguments and counterarguments regarding the effects
of the continuous rise of the minimum wages concerning the welfare of the people and the dynamics
of the economy. In the U.S., low-income earners continue in the push for the rise of minimum wages.
Minimum wages can also be placed by law provisions. Employers pay workers according to
employees' jobs. The same can be said about other professional athletes because their skillsets are all
different and there are players who have more experience than others because they have been doing
it longer and have been put in difficult situations. People need to provide for themselves and their
families and are unable to do so with such low pay. It’s a floor to keep up a stable economy, helps to
avert inflation, and will expand job convenience. If you want a unique paper, order it from our
professional writers. Reich only makes a guess, like many others, regarding the effects of a minimum
wage increase. Healthy foods are way more expensive and with a minimum wage rate paycheck it is
just easier and smarter to buy unhealthy foods to save money which shouldn’t be the case at all, but
it is. Employees are working very hard, long hours and are not receiving the pay that they need. Give
me your paper requirements and I connect you to an academic expert. An increase in minimum wage
decreases the outcome of growth because of unemployment raises. Upload Read for free FAQ and
support Language (EN) Sign in Skip carousel Carousel Previous Carousel Next What is Scribd. Many
organizations have formulated the wage payment system. Currently it is at seven dollars and twenty
five cents which is too low in the current world today. Answer: So dependent students will work
seventeen hours every week, fifty-two weeks a year at the federal salary before financial gain would
affect their aid eligibility. Meaning the wage isn't even enough for a family of two or three children.
But the fact is it didn’t and today many hard working parents are working fulltime and still live in
poverty. But if only a small percentage of the poor will benefit from it and if it helps more people
who are above the poverty line than those below it, then it is not a plausible approach. Minimum
wages have been one of the biggest topics around the United States. The talk of minimum wage will
always be an on-going problem and topic of this country. In the United States, many people are
greatly affected by the federal minimum wage. It also harms low skill workers themselves as they
will be hired at lower rates, which goes against the main reason for raising the wage in the first place.
There are situations that some of these people have faced that does not give them opportunities to go
to college and find better employment. With the progress in technological fields that are been
experiences in the future work may be harder and complicated and thus will require employees to
have good education. Increasing minimum wage will also increase productivity in many companies
since the employee will be motivated to work hard and be creative. Education is an essential key if
one is to be employed and the cost of education has gone up drastically in the past twenty years.
Some people may feel bad for what the kids went through and some simply don’t care.
Your thesis should present a specific viewpoint or argument about the minimum wage. Give us your
email address and we’ll send this sample there. By increasing the minimum wage people get
encouraged to be educated and live better lives. In my opinion, Raising the minimum wage is vital
for sustainable economic activities. Yet, the question remains: Is living in a big city or small town
better. This is evidence of disproportionate effect, which is harmful, and again ineffective. Long
Essay on Minimum wage 500 Words in English Long Essay on Minimum wage is usually given to
classes 7, 8, 9, and 10. He even wraps up his argument with a simple economics principle. Much of
the workforce feel like they are being paid unfairly and want to see their wages increase
dramatically. Government assists that working full time can help and bring an individual’s income
higher. With big corporations such as Wal-Mart and McDonalds taking advantage of the minimum
wage to take advantage of their employees despite the fact that these companies can afford to pay
better salaries, there is a need to consider this issue. The gradual increase in salary can make sure the
stability of the economy because the percentage and taxes will increase bit by bit. If you want a
unique paper, order it from our professional writers. Most people who are making minimum wage
aren’t very healthy or aren’t making very healthy decisions. Digital Sales Sell your publications
commission-free as single issues or ongoing subscriptions. It increased from six dollars and fifty five
cents to seven dollars and twenty five cents (Levin-Waldman, 2001). July 24 marked nine years
since the federal minimum wage was last increased. The demand for educated workers is currently on
the increase and so is the price of education. If Reich’s guess is correct, the people attracted into the
force will simply cancel out those that are forced out by companies. Raising the minimum wage does
not make that worker more valuable to an organization, it only makes him more expensive. It has
reached a place where some children rely on themselves to pay for their education. This is 100%
legal. You may not submit downloaded papers as your own, that is cheating. Also you. This text is
free, available online and used for guidance and inspiration. Increasing minimum wage will also
increase productivity in many companies since the employee will be motivated to work hard and be
creative. Education, medicine and food all cost more currently. It’s a significant economic and
political issue, with debates focusing on its impacts on poverty, employment, and economic growth.
Upload Read for free FAQ and support Language (EN) Sign in Skip carousel Carousel Previous
Carousel Next What is Scribd. Minimum wage rates help the employment rate to continue to
increase and right now it is at an all-time high. If Labor gets costlier, however, companies could also
be additionally inclined to take a position in the capital. According to Jones; Farness (2002), people
who earn minimum wage account for approximately seventy per cent of the United States gross
domestic product.
Additionally, people in difficult socioeconomic circumstances will have a much harder time getting
jobs after a wage increase, while others that are more affluent will be unaffected (Wolfram). This is
very well known in the fast-food industry, where computers replace employees that normally take
orders (Wolfram). Additional materials, such as the best quotations, synonyms and word definitions
to make your writing easier are also offered here. I trust that the time has come back to bring all-time
low pay permissible by law up all told condition of us. If low paid workers start to make more
money, people would be seen as more equal and there would be less poverty. Long Essay on
Minimum wage 500 Words in English Long Essay on Minimum wage is usually given to classes 7, 8,
9, and 10. With a lower number, the economy decreases, and also reduce investment. The first
minimum wage laws were enacted in New Zealand in 1894 but did not come to the United States
until 1938. Reich only makes a guess, like many others, regarding the effects of a minimum wage
increase. For example, San Francisco’s lowest pay permitted by law is higher than the province of
California’s minimum wage. Second, minimum wages do a nasty job of targeting poor and low-
income families. Question 3. Who would benefit from the minimum wage increase. There are many
facts that show an increase in the minimum wage would hurt our economy. This is harmful for the
overall United States economy as lower employment rates stifle business growth and inputs into the
economy. The demand for educated workers is currently on the increase and so is the price of
education. If you want a unique paper, order it from our professional writers. The debate has been
brought about since many people are earning the minimum wage and are dissatisfied. Executives and
those at the top of businesses will keep their jobs while low-skill and entry level jobs will suffer the
blow of minimum wage legislation (Wolfram). According to Marimpi, labor force participation rates
of individuals below the age of 25 are about 10 and 12 percentage points higher, so there is more
youth employment adding to the increasing employment rate (1). While it’s going to improve the
standard of lifetime of low-income employees, it still depends on the structure of the market. Many
would say that is crazy, because how did they survive with only being paid a quarter hourly.
Approximately more than fifteen million women will see their pay go up. Your conclusion should
bring together your analysis and offer a final perspective on the topic. Something that does not even
require a whole lot of logic, he makes it seem like common sense. Give me your paper requirements
and I connect you to an academic expert. People should not be living the rest of their lives in
poverty and they should be able to pay for what they need. Footer Picture Dictionary English Speech
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Calculator. Many organizations have formulated the wage payment system. More people making a
living on their own, this must be good for the economy. Which in this case will break the bond with
the government assistances. If the minimum wage increases overhead with the equality it is presently
at, it will guide to a rise in wage rate resulting in a reduction in employment.
It refers to the irrevocable nature of the minimum wages, regardless of it, secure the routine of them.
Salary is the price of labor power formed by an agreement between the employers and workers in
accordance with the labor supply and demand relationship in the market economy. The first benefit
of raising the minimum wage is that such a raise will help bring a significant population of workers
out of poverty. In my essay, I analyzed the effects of minimum wage on family life and employment
rates. However, there are experts who do not see this is this way. The different views all boil down to
a person's personality. Under the new classical model, with higher salary folks not within the Labor
have a better cost of not operating, would be incentivized o figure. People are eating fast food more
because it is inexpensive and convenient. An author Sylvia Allegretto said, When the minimum wage
doesn’t keep pace with inflation, its power erodes, it’s worth, less and less and less. By increasing
the minimum wage people get encouraged to be educated and live better lives. Parents love to be
“home after school and at dinnertime to monitor homework and make dinner” (Lowe, et al.). If
minimum wage is raised, parents will not have to work as many hours and they will have time to
build strong connections with their children. Analyze this data critically, considering different
perspectives and the quality of the evidence. These issues still haven’t progressed, and tiny has been
done to endeavour to settle this treacherous all-time low pay permissible by law have to be
compelled to be inexpensive that first up was in many countries it absolute is not for the stop I trust
that this feature is anticipated for growth. This is supported by statistics and research done by
credible professors (Wolverton and Rugy). This foundation will set the stage for a more in-depth
exploration of the topic in your essay. Raising the minimum wage is one of the principal ways in
which the state intervenes for workers who are majorly defenseless against businesspersons. The
minimum wage is under debate if whether it should be increased. Lonzo is a second year player who
still has to prove himself. A person that is putting to work hard at least needs the governments’ help
by giving them a chance to make it. Issuu turns PDFs and other files into interactive flipbooks and
engaging content for every channel. Every morning people go to work so that they can be able to
afford a good life for them and their families. By doing this we are able to secure the future of the
children. If you want a unique paper, order it from our professional writers. Reich only makes a
guess, like many others, regarding the effects of a minimum wage increase. They are not able to save
any money when all of their money goes to food and house bills. Therefore, raising the minimum
wage would help bring the workers out of poverty. This is because they would fill that they are
getting paid for their services (Levin-Waldman, 2001). Today, minimum wage laws play a critical
role in our economy; but this was not always the case. Even though it makes sense to raise minimum
wage in California because of living expenses it will end up hurting them in the long run. Employers
pay workers according to employees' jobs.
Approximately more than fifteen million women will see their pay go up. The same can be said about
other professional athletes because their skillsets are all different and there are players who have
more experience than others because they have been doing it longer and have been put in difficult
situations. As we advance in technology people will be forced to understand and learn more. So, in
return nothing has happened with the increase in the federal minimum wage in years. (The History of
Minimum). Romich, workers that are being paid very little “demand a higher wage as a matter of
fairness, calling minimum wage a critical civil and human rights issue” (Romich). Give me your
paper requirements and I connect you to an academic expert. Ultimately, increasing the minimum
wage is much more likely to negatively impact entry level workers and businesses as well as the
United States economy, and it should not be raised. When low-income households earn more money,
they are more likely to spend it, pouring more dollars into the economy. Additional materials, such as
the best quotations, synonyms and word definitions to make your writing easier are also offered
here. Digital Sales Sell your publications commission-free as single issues or ongoing subscriptions.
As stated before, he claims that he has done a lot of research into the timeline of minimum wage and
can predict not fully, but a good idea of how it would affect the economy of the United States. That
alone says a lot, minimum wage makes it hard for children to be cared for properly resulting in child
protective services to interfere. Wages are money that workers receive when they have completed a
job, that job which is not prohibited by law. Even though some states have higher minimum wage
than others it still doesn’t help the workers rise higher than the poverty level because the government
increases the taxes and businesses increase their prices. Issuu turns PDFs and other files into
interactive flipbooks and engaging content for every channel. There would also be an increase in the
cost of living. Increasing minimum wage will also increase productivity in many companies since the
employee will be motivated to work hard and be creative. Answer: So dependent students will work
seventeen hours every week, fifty-two weeks a year at the federal salary before financial gain would
affect their aid eligibility. Your thesis should present a specific viewpoint or argument about the
minimum wage. Under the new classical model, with higher salary folks not within the Labor have a
better cost of not operating, would be incentivized o figure. In the minimum wage case, neither of
these hold to be true if it is increased. Which in this case will break the bond with the government
assistances. So many workers and families will be better off with a minimum wage increase. Reich
only makes a guess, like many others, regarding the effects of a minimum wage increase. There are
consequences to change especially with money. This question rose from the Fair Labor and Standard
Act of 1938 which effectively set a livable rate at which employees could sell their work. Secondly
on the appeal list is logical (logos), which is clearly represented throughout the whole article. People
need to provide for themselves and their families and are unable to do so with such low pay. This is
because they would fill that they are getting paid for their services (Levin-Waldman, 2001). A few
reasons could be having a record as a teenager, disabilities, and people being in a situation where
they can’t wait for employment, they must take what they can get.