Title: Navigating the Challenges of Thesis Writing on the Research Paper: Raising Minimum Wage

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For example, you might argue that raising the minimum wage is essential for reducing poverty, or
conversely, that it could lead to higher unemployment rates. Increasing the minimum wages will not
cause job loss as many people tend to speculate. Hypothetically, raising the lowest pay permitted by
law would mean more cash in the pockets of specialists. It was created to help Americans in poverty
and consumer power purchasing. This also means that the companies would not have to fire
individuals or cut costs in any other field. Work can be a big cause of stress and when one is
stressed out about work, it can negatively effect their performance in school. Some businesses, from
small and medium-sized operations to major corporations like Ikea, Costco, Facebook, and
Amalgamated Bank have taken steps to raise their wages well above the required minimum level. By
doing this we are able to secure the future of the children. America has enough money to “have a
class of working poor that can put food on the table” (Newby). 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. We catch sight of homeless people on the streets and
moms struggling to provide and cannot help to be inspired to lend out a hand and find a solution.
One thing is clear: Businesses can well afford to pay their workers higher wages. Arguably, there are
disadvantages that can be seen when the minimum wage rate is increased. The minimum wage could
be a good example of a reserve price and explains why it shouldn’t be raised. Finally, increased
minimum wage saves the government the social costs needed to deal with the social problem of
poverty and its related consequences like crime. Globalization began with the improvement in
communication and information technologies and was helped along by the lowering of entry barriers
to businesses and freeing of the cross border flow of capital. It can be set by regulation, resolution of
a proficient authority, a wage board, a wage committee, or by industrial. Ensure that your arguments
are clearly articulated and supported by evidence. These studies show that for every ten percent
increase in wages, the prices of everything else only rise 0.36%. This is not enough of a rise to create
a significant difference in anything, and if the raises were increased by that much- the slight prices
increase is really not an issue. This provides good evidence that many criminals are motivated by
poor economic conditions to turn to crime. Expanding the government, the lowest pay permitted by
law is one basic way this could be accomplished however it isn’t the main way. Even though by
increasing the minimum wage poverty may not be completely solved it will be greatly reduced. We
use cookies to create the best experience for you. Employers pay workers according to employees'
jobs. To some these might be excuses and they may be, but the point is that they are doing their best
to support their families. An increase in minimum wage decreases the outcome of growth because of
unemployment raises. It increased from six dollars and fifty five cents to seven dollars and twenty
five cents (Levin-Waldman, 2001). This motion is designed to keep those who have minimum wage
income out of poverty The minimum wage is one of the most discussed issues around the country.
London: Stationery Office. Jones, P.,; Farness, J. (2002). College writing skills. In a new Upjohn
institute working paper, Daniel MacDonald and Eric Nilsson of California State University, advance
the literature on price effects of minimum wage increases.
Raising the federal minimum wage would not only help the economic recovery to continue, it would
also help address systemic economic inequality at levels not seen since the 1920s. 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. In the United States, many
people are greatly affected by the federal minimum wage. He even wraps up his argument with a
simple economics principle. It stimulates the economic growth of the country by expanding its
utilization. Children cannot improve and better their lives if their parents cannot afford to pay for
their education. The other notable contribution of an increase in the minimum wage is that it results
in reduced turnover. It is important to note that increasing the wage bill for employees increases their
purchasing power. This topic is one that I am making partially emotionally charged in order to invoke
the part of the audience that DOES work, or people who agree that there would be issues regarding
the middle class. Therefore, employers are expected to comply with minimum wage requirements.
Issuu turns PDFs and other files into interactive flipbooks and engaging content for every channel.
Companies would no longer be able to hire as many people as they used to because they wouldn’t be
able to pay them. 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. Our experts will write for you an
essay on any topic, with any deadline and requirements from scratch. When low-income households
earn more money, they are more likely to spend it, pouring more dollars into the economy. This is
just not fair to the children who are the future. There would also be an increase in the cost of living.
The increase in the minimum wage would greatly benefit the nation, as all the citizens desperately
need financial stability. Including a range of viewpoints will strengthen your argument and
demonstrate a comprehensive understanding of the topic. The minimum wage is under debate if
whether it should be increased. Raising the minimum wage means people will have more money to
spend which helps to propel the economy forward. Owners of businesses, in a bid to cut costs and
increase profitability, always target low labor costs. Holly Sklar a CEO of Business for a Fair
Minimum Wage said, Businesses rely on consumer spending and consumer spending depends heavily
on wages. Most people who are making minimum wage aren’t very healthy or aren’t making very
healthy decisions. Excerpt from Research Paper: Public Policy of the Minimum Wage Public Policy
on in the United States has shifted focus in recent years. One reason for this may be monopsony
power, where wages are suppressed to a lower level than the value workers contribute, and which
employers are able to exploit throughout much of the U.S. economy. Perhaps in part because of this,
workers over the past few decades have been receiving a smaller and smaller share of national
income. Low income workers are more vulnerable to the hurting effect of increased minimum wage.
Many would say that is crazy, because how did they survive with only being paid a quarter hourly.
Work can be a big cause of stress and when one is stressed out about work, it can negatively effect
their performance in school. America has enough money to “have a class of working poor that can
put food on the table” (Newby).
The first country imposes the minimum wage law was New Zealand in 1894, and since then other
countries have followed. Higher wage persuades workers to stay employed longer, which reduces
the need and cost of constant training of new employees. Currently, the minimum wage leaves a
working parent with one child in poverty. However, there can be grave consequences that result from
such drastic economic changes that must be considered, especially when these consequences hurt the
intended beneficiaries. However, several people trust that such increments can influence the
economy and business though this is often not factual. There are many facts that show an increase in
the minimum wage would hurt our economy. Discuss both the potential benefits and drawbacks, and
relate these back to your thesis statement. The study, which focuses on the food industry because of
its high proportion of minimum-wage or near-minimum wage workers, found that low-income
workers’ earnings rose significantly following an increase in the minimum wage. Keep on browsing if
you are OK with that, or find out how to manage cookies. This is because the increase in wage
results in motivation, hence an increase in productivity. About 56 percent of non-Amazon job
postings in the researchers’ data sample promise wages below this threshold. For example the
minimum wage in California has gradually been increasing since 2006. Wages are money that
workers receive when they have completed a job, that job which is not prohibited by law. Yes, maybe
not as many people will get hired; but we should at least be able to have a good amount of people to
make it in this world we live in today instead of no one. Sophisticated research methods from
multiple studies show no job losses, or virtually none, result from raising the minimum wage. Raising
minimum wage benefits everyone involved; the government, the economy, and the families. While
the wages are low, it is also a burden to find employment in an economy that is struggling to keep
afloat. Albany: State Univ. of New York Press. Waltman, J. L. (2008). Minimum wage policy in
Great Britain and the United States. Secondly, I would outline the reasons for the statement. These
estimated employment effects are comparable to some recent estimates in the minimum wage
literature. Labor market tightness does not appear to affect the extent of labor market spillovers,
suggesting that other factors, such as norms or market power, may influence firms’ wage-setting
decisions. An increase in minimum wage decreases the outcome of growth because of
unemployment raises. This text is free, available online and used for guidance and inspiration. This is
because they would fill that they are getting paid for their services (Levin-Waldman, 2001). Owners
of businesses, in a bid to cut costs and increase profitability, always target low labor costs. By
continuing we’ll assume you’re on board with our. All the parties involved can push for reduction or
increment of minimum wage, with too low wage jeopardizing the workers’ economic welfare
(Weinberger 1). Some even drop out since tha cannot afford the tuition fee because of the minimum
wage they earn. If low paid workers start to make more money, people would be seen as more equal
and there would be less poverty. These studies also draw from previously unavailable empirical
methods, which CBO did not fully account for in its own analysis.
The federal minimum wage was introduced in 1938 during the Great Depression under President
Franklin Delano Roosevelt. Economic policymakers and academic researchers base minimum wage
discussions in the context of poverty and increasing the wages. Additional employees can be part of
the Labor from the final population as a result of wages are higher. There are several actions that
could trigger this block including submitting a certain word or phrase, a SQL command or
malformed data. July 24 marked nine years since the federal minimum wage was last increased. The
minimum wage is under debate if whether it should be increased. It is important to note that
increasing the wage bill for employees increases their purchasing power. Moreover, research by the
Economic Policy Institute points out that increasing the minimum wage will ensure that more jobs are
created and additional output is realized in the economy. You can also find more Essay Writing
articles on events, persons, sports, technology and many more. Digital Sales Sell your publications
commission-free as single issues or ongoing subscriptions. 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.
Finally, increased minimum wage saves the government the social costs needed to deal with the
social problem of poverty and its related consequences like crime. He uses an example from the past,
in 1992 when the minimum wage was increased in New Jersey by a smaller amount, fast-food job
growth was just as strong as restaurants in its bordering state Pennsylvania which had New Jersey’s
old minimum wage. With the minimum wage at the current rate you must work one hour to earn the
seven dollars and twenty-five cents that only supply you with small necessities for everyday living.
Lowe, et al. explains how a woman’s job can affect the development of her children. When low-
income households earn more money, they are more likely to spend it, pouring more dollars into the
economy. This is 100% legal. You may not submit downloaded papers as your own, that is cheating.
Also you. Also with a high minimum wage few people will need to depend on food stamps or
support from the government to feed their families. Imagine being cut hours so you wouldn’t even
be paid that much, let alone being laid off over it. By clicking “Check Writers’ Offers”, you agree to
our terms of service and privacy policy. For over 45 years, NELP has been seeking to ensure that
America upholds its promise of opportunities and economic security through work for all workers.
Increasing the minimum wage, the economy will be lifted, the bond with the government assistance
will be broken, and the amount of consumer spending will increase. Many states and the federal
government at large observes set minimum wage rates, which are revised from time to time as
deemed necessary (Block, et al. 49). The aim of setting minimum wage rates is to protect workers are
prone to exploitation by employees for one reason or another. For many years politicians and citizens
have argued on what should be the minimum wage that would benefit the economy and society in
general. He even wraps up his argument with a simple economics principle. Children cannot improve
and better their lives if their parents cannot afford to pay for their education. This bunching behavior
is also exhibited by employers responding to other retailers’ policy announcements, and it results in a
concentration of post-announcement wages around the voluntary minimum wage. The federal and
state governments are responsible for setting their minimum wage policies, which may differ. More
Features Connections Canva Create professional content with Canva, including presentations,
catalogs, and more. In many areas, specifically low income areas, children who are still attending
school are also required to work to help support their families.
Give me your paper requirements and I connect you to an academic expert. Minimum wage pursuits
are not only pursued by the government, but also by labor unions within the economy. Those who
cannot afford life in large cities often paradoxically cannot afford a higher paying job. Lately, there
has been a massive political debate on whether or not to raise the minimum wage. So how do we as a
city combat these levels of poverty. Number May 1, 2011 Faculty Name Introduction Leadership is a
complex process that is a journey rather than a destination. Employers pay workers according to
employees' jobs. Labor market tightness does not appear to affect the extent of labor market
spillovers, suggesting that other factors, such as norms or market power, may influence firms’ wage-
setting decisions. Before it was introduced thousands of people were forced to work in horrible
conditions for pennies a week. Since its introduction, it has been changed several times by Congress.
Arguably, there are disadvantages that can be seen when the minimum wage rate is increased. You
can use essay samples to find ideas and inspiration for your paper. Raising minimum wage benefits
everyone involved; the government, the economy, and the families. It increased from six dollars and
fifty five cents to seven dollars and twenty five cents (Levin-Waldman, 2001). Employees would be
laid off and the employment rate would rapidly decrease. Education, medicine and food all cost
more currently. 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. Raising the
minimum wage means people will have more money to spend which helps to propel the economy
forward. It stimulates the economic growth of the country by expanding its utilization. Consider
seeking feedback from peers or instructors to refine your essay further. Minimum wage is not the
same in every place, so to the place Minimum wage is low its an issue. Your conclusion should bring
together your analysis and offer a final perspective on the topic. The motive of minimum wages is to
safeguard employees against unduly low pay. This tool known as a price floor initializes a minimum
wage at which laborers can sell their labor to employers. In the wealthiest nation on Earth, no person
that works full time should have to live in poverty. The increase in non-Amazon wages persists for at
least a year after the announcement. We use cookies to create the best experience for you.
Globalization began with the improvement in communication and information technologies and was
helped along by the lowering of entry barriers to businesses and freeing of the cross border flow of
capital. Motivation is key to retaining the workforce and there is no better way to motivate workers
than by increasing their pay. There are situations that some of these people have faced that does not
give them opportunities to go to college and find better employment.
Finally, an increase in minimum wage results in more revenue for the government through income
tax. Meaning the wage isn't even enough for a family of two or three children. Please include what
you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.
Raising the federal minimum wage would not only help the economic recovery to continue, it would
also help address systemic economic inequality at levels not seen since the 1920s. One person might
prefer living in a city, with its fast-paced lifestyle, while another might prefer the quietness of a
small town. If minimum wage stays at the amount it is, more employees are going to end up in a
state of poverty. They might also discuss the differing views on minimum wage adjustments,
exploring arguments from both supporters and opponents. If employees are already struggling to
provide for their families, they really will be if they are one of the unlucky ones to lose their job.
Many today are rising to the conclusion that a minimum wage of fifteen dollars an hour is necessary.
Economics dictate that changes in prices alter both demand and supply aspects in the economy.
Receive a tailored piece that meets your specific needs and requirements. A single-family has to
make ends meet to survive on a minimum wage job. Periodical content may be reproduced freely
with appropriate attribution. Ellora Derenoncourt, Clemens Noelke, David Weil, and Bledi Taska
investigate the impacts of these policies on low-wage workers who are not employed by these firms
in Spillover Effects from Voluntary Employer Minimum Wages (NBER Working Paper 29425 ).
Digital Sales Sell your publications commission-free as single issues or ongoing subscriptions. This
allows businesses to choose from high skilled workers. Some states chose to take advantage of the
opportunity to do so, and some were content with the federal minimum wage. GIFs Highlight your
latest work via email or social media with custom GIFs. Today, minimum wage laws play a critical
role in our economy; but this was not always the case. The specific question that I will be addressing
is: What are the negative externalities to raising the minimum wage. Workers’ wages are not able to
“provide for basic social needs, including housing, food, and other reasonable needs” (Romich).
When wages are raised, suddenly entry level employees are making the same amount of money as
someone in the same position who has more experience than them, and additional education such as
college degrees. The minimum wage had started off as 25 cents per hour in the year of 1938.
Minimum wage is a way companies save money and create more jobs while doing so. Education,
medicine and food all cost more currently. By increasing the minimum wage, many people will be
afforded the opportunity for a good and better education for themselves and their children.
Celebrities and lawyers reside in hilltop mansions while the economically lower classes flounder to
make a living and stay in their homes. These parents’ children’s mental health is being affected by
this separation. A substantial compilation of free essay instances related to Minimum Wage you can
find at PapersOwl Website. They’re major breadwinners who need a higher minimum wage in order
to keep their families out of poverty.
This topic is one that I am making partially emotionally charged in order to invoke the part of the
audience that DOES work, or people who agree that there would be issues regarding the middle
class. An increase in minimum wage means a major budget cut. Check for grammatical accuracy and
ensure that your essay flows logically from one point to the next. About 70 percent of minimum
wage employees, however, work fewer than 35 hours per week and thus earn proportionately less.
There are many people who have provided their arguments against the fact. It's like a masterclass to
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minimum wage must be increased for the betterment of our country. People should be able to
provide for themselves and not have to worry about being able to eat at night or pay their bills. Most
small companies do not have the financial means to pay their employees higher amounts of money.
The first minimum wage laws were enacted in New Zealand in 1894 but did not come to the United
States until 1938. Consider seeking feedback from peers or instructors to refine your essay further.
Both hold certain characteristics that make them special to different individuals. The aspect of wages
is a grave concern in the modern world due to the discussion among economic experts, whose
opinions differ on whether it should increase or stay stagnant (Kops, 2017). Conclusion Increasing
the minimum wage is good for the economy in many ways. Massachusetts was the first state to pass
the law considering a minimum wage but it was abolished in 1935. The common citizen wakes up
early every morning to go to work but only the country and investors benefit. People should also be
aware that minimum wage does not guarantee jobs. This foundation will set the stage for a more in-
depth exploration of the topic in your essay. The federal and state governments are responsible for
setting their minimum wage policies, which may differ. Additional employees can be part of the
Labor from the final population as a result of wages are higher. The increase in minimum wage
proportionately to the inflation level will go a long way to lift several households out of poverty,
consequently leading to fewer social problems and costs associated with poverty. This people will
have satisfaction and dignity of buying their own food. Video Say more by seamlessly including
video within your publication. This has provided an opportunity for researchers to conduct modern,
sophisticated empirical analyses to determine the specific impact of these increases on wages,
incomes over time and employment. Hypothetically, raising the lowest pay permitted by law would
mean more cash in the pockets of specialists. 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. A block grant called
Temporary Assistance for Needy Families (TANF) provides money for families in poverty for a short
amount of time. Therefore, raising the minimum wage would help bring the workers out of poverty.