We can simply learn a trade, get some college, and even stay longer with our long term employer so that we can earn livable wages. This may sound mean, O.K. rather harsh; but I don't have a lot of pity for the majority of adults making minimum wage, because most of them made that choice to not better themselves. It’s very easy to not try and stay in that one place of employment. Because many want to work, have family, but no degree; a lot of businesses open their doors when they can monetarily!
A person who works full or close to full time should be given the opportunity to live a comfortable, productive life. With today’s economy however, many people are working hard and hardly gaining any benefits from their wages. Between the sky-rocketed house mortgages and the increasing gas prices, almost 70% of monthly earnings are spent on housing and transportation. After housing and transportation, very little money is left for utilities, personal necessities and perhaps entertainment if time allows. Life in America is about finding one’s dream and pursuing it; however, it has become very difficult for anyone to find their dreams due to work problems.
Mainly affecting my generation, jobs that should be given to college graduates are not even open yet because senior employees are staying in companies when normally they would have retired. Social Security also poses an issues because younger generations are paying into the “baby boomers” social security. The main scare is that it will run out and those that paid into it might not even be able to receive it when needed. This is causing drastic changes in the world affecting all ages and all kinds of people. Unfortunately this issue really cant be addressed and the world will just have to adapt to the fact that people are living longer lives.
Take the Brain surgeon and waitress for example. A rise in the wage rate will not attract many new brain surgeons in the short run as they train for a long period of time making it hard to attract new workers in the short run due to there not being the supply and also there are high qualifications needed to start the training which is rather hard to acquire due to not all students being able to achieve these qualifications thus supply again is low relative to demand. The inelastic supply of a brain surgeon is shown in fig.1. In contrast we can see that in fig.2 that the supply and demand for waitresses is elastic due to how low the qualifications and skills that are needed to do the job and also how short the training is making it easy to employ in the short run. Another factor affecting the
So many people want to be independent but this actually creates a problem, more seniors are relying on community facilities or retirement homes to assist them with their daily living. Another thing about seniors is that they want to stay in their homes but cannot be able to afford the mortgage or let along the up keep of a home. So a great number of seniors are having to turn to retirement homes or even assisted living facilities. I believe that another reason why the health care is facing this problem today is because a great number of family members do not have the patience to put up with their loved one so they send them to an assisted home or even a retirement center. Which is sad to me because an individual’s mom and dad raises them but when it comes to the time for them to take care of them they just ship them
Tieaisja Nicole Powell Unit 9 Final Project Minimum wage essay College Composition 2 Minimum wage is considered low income. It affects the lives of people making minimum wage and also small business owners. It affects the employees because the cost of living continues to rise and minimum wage doesn’t. Small business are affected because raising minimum wage would mean they would have to hire less employees and raise the prices on the company’s products. Minimum wage is unacceptable because the cost of living will continue to increase.
There are millions of working Americans trying to support a family with a low wage minimum job. I would like to propose a change related to increasing the minimum wage. There are many people that have been born into poverty and as a result stay disadvantaged because the economic status is below poverty level. Ther also seems to be many single mothers who struggle to raise a family on a minimun wage income. The Hispanic Times wrote an article on how The Minimum Wage would Impact women is another souce I will use to argue why minimum wage should be raised.
Generation Debt The struggle to become financially independent and successful is a goal that has become increasingly more difficult for individuals aged 18-35. With the excessive price tag that comes with pursuing a college degree and the lack of good job opportunities, young people commonly find themselves in greater and greater debt. Rather than enjoying a life they believe they deserve, they find themselves unable to afford even basic necessities such as health insurance or a decent living arrangement. They become stuck, trapped in a situation that doesn’t offer the opportunity of settling down. Unfortunately, much of the older generation believes that this lack of opportunity is due to laziness.
There could be multiple reasons for this some are minor and many are major. Looking at the big picture, small business are going to be hurt the worse by this because they are going to have to pay more out of pocket due to the pay increase. This could lead to many lay off that would increase the poverty level. "A 10 percent increase in the minimum wage reduces employment of young workers by one percent to two percent"(David R. Henderson, "The Negative Effects of the Minimum Wage). Currently there are many teenagers working.
A. Increasing minimum wage causes four times more unemployment loss for uneducated employees (Archer, 2004, p.4) B. Minimum wage laws mostly harm teenagers and young adults because they typically have little work experience and take jobs that require fewer skills (Henderson, 2006, No. 550). 1.