One fact that I would use to support my side of the argument is that if the silk companies like mine are hiring more people, then that means that the workers that are already there are going to get paid less because our company has to pay more employees. Also, by shortening the hours of
Mitt Romney should and will become the next president of the United States because he has better credentials than his competitor. The reason being that Obama’s only success in politics in Chicago was removing some of the asbestos from one of Chicago’s apartment projects. Obama, himself, when asked by a fellow college classmate about what a community organizer does he said that he could not answer them directly. Mitt Romney has a lot more experience with the economy than Obama does. He has more hands on knowledge about the economy because he has owned a business, He even started his own business at the age of 37.
The unions help organize and financially support the efforts of the workers to make more money. Meanwhile the conservative republicans continue to oppose raising the minimum wage citing the exact same concerns their forefathers did back in the 1930s. The reality is whether you support a minimum standard of living or not, the minimum wage as it stands is costing everyone. It drains resources from our economy by forcing workers to rely on public assistance and it cost companies too in the form of high turnover rates. When companies invest in their employees through higher wages and better benefits they realize significant savings through reduced employee
The increase of minimum would help the economy by generating more money in to the society, boosting the economy, and eliminating the demand for jobs. Raising minimum wage will have a great and long lasting ending. The United States would see a flow of money that they haven’t seen in years. This flow of money would show immediately giving the consumers more money to spend since 78 percent of the working force are minimum wage employees. Business owners will appreciate more money being spent in their fast food restaurants, grocery stores and clothing stores etc.
Rent and utilities prices never went down, but minimum wage did. Gap between minimum wage and living wage creates more obstacles for low wage worker, and makes minimum wage policy meaningless. Very low wages can discourage workers to work at all and go into full dependency from government. Keeping up minimum wage with inflation rate is as important as having minimum wage. Real buying power of money is calculated each year.
Minimum wage has become a large topic of discussion among workers these days. While some want to raise it up to $15 an hour, many don’t agree. Millions of Americans struggle in poverty with how much they receive at the moment, despite having a full-time job. Federal minimum wage should have increased since 1968 to be at least $17 per hour today. Many workers in fast food positions are there to gain experience that can make them more productive and get better jobs but it will be harder to advance when they don’t have enough stability in their lives.
Minimum wage keeps increasing when there are more workers to help people have an efficient life with a fair pay, but also it can increase for some workers to lose their jobs. The increasing of a minimum wage can benefit a lot of workers by having a better life. Wages can increase the pay of workers without any experience.
One disadvantage to increasing the minimum wage is the possibility of a continued shortage of jobs. As the minimum wage increases, more people would want to find a job more than ever. This could cause a shortage in jobs because their still wouldn’t be enough work but the demand will be higher. The graph below shows the minimum wages from 1938 to 2007, in comparison to the poverty levels. Even though this problem wouldn’t change by the increase in minimum wage, I believe that this disadvantage isn’t that important at the current moment because it takes a while to rebuild an economy.
Because many want to work, have family, but no degree; a lot of businesses open their doors when they can monetarily! “By setting an artificial minimum on wages, lawmakers unintentionally raise the unemployment of the most disadvantaged and make it nearly impossible for teenagers and other unskilled citizens to enter the labor pool,” says Stephen Chapman spouting openly concerning the argumentative pay raise(3 Meisner, et al). When the hourly wages go up the small business doors tend to close. Raising the minimum wage does nothing for them other than causing the cost of living to go up, and causes them to pay a little more in income tax. Just those two ideas alone put them having less money in the aftermath of the raise, than they did before this cold remnant of fairness hits too
Increasing Minimum Wage The debate of whether or not to increase the minimum wage has much controversy surrounding it, but the facts support an increase. The facts show that the cost of living and inflation quickly erode the value of minimum wage without regular increases in the minimum wage. The people that would be slightly hurt by an increase when compared to the massive amount of people that an increase in the minimum wage would help is minute. Poverty in the United States is a problem that people constantly face, but with a higher minimum wage, poverty would be lessened. The many arguments for an increase in minimum wage clearly show that an increase is desperately needed in the near future.