The minimum wage must be raised today because the cost of living has gone up drastically. Education is essential today, and that price tag has increased drastically in the past twenty years as well. People should not have to fight for equal pay for equal work.
Should Minimum Wage Be Increased? By Brandon kingsley Should Minimum wage be increased? Introduction For many decades now, there has been heated debates concerning minimum wages and increases in those wages.
Most people have a tendency to assume that when the minimum wage is increased people will benefit. They do not stop to think of the consequences that come from minimum wage increases.
The general population merely assumes that people should make an adequate amount of income and never stop to consider the consequences, nor do they stop to consider alternatives.
A rise in minimum wages is not necessarily the best approach to helping the poverty stricken individuals in this country. The following paper presents an overview of various problems concerning raising minimum wage, finding that it is not the best way to deal with the problem of poverty.
College essay on minimum wage Does the Increase Come From? As stated, many people do not stop to consider the costs of minimum wage increases. For example, where does the increase in wages come from? It comes from the employers, whether they are large or small.
In a recent California wage hike, one employer illustrates how the wage was paid: Employers somehow must come up with the money to pay the wage increase. They must raise their prices, therefore charging all consumers more, and they may even have to let go some of their employees in order to have the ability to pay the rate hike.
Inflation, however, is only perhaps around 1. Many may claim that such a hike in the minimum wage is more than enough, but this does not make up for years of inflation. The two are somewhat related. The more things cost, the more money an individual needs to make, but the rate of inflation may also maintain the costs of new automobiles, technology such as home computers, and other items that may not be necessary.
The Poor The primary reason most people give for wanting to increase the minimum wage is that of helping poor people. There are many studies that indicate the benefits are just as numerous as the damage done. According to James Kaz, the majority of those who are paid minimum wage are not poor but rather one of at least one other income providers in a household.
The lower employment occurs mainly because the increase in the cost of low-skilled labor, relative to the cost of using other productive inputs such as machinery or more skilled workersleads employers away from using low-skilled labor and toward these other inputs.
This substitution effect is reinforced by the higher overall cost of production associated with the legislated increase in the wage for low-skilled workers, which in turn raises the price of the product and results in less output sold.
NA In addition, there are numerous workers who are adversely affected by a minimum wage change in the fact that they do not receive the full amount of the legislated increase.
This is what happens to, say, an individual who is making fifty cents above the minimum wage. He therefore ends up making the same as those on minimum wage in the same business, when he should be making more then the minimum wage workers.
These are also the employees least likely to be given a raise due to the cost of paying the minimum wage employees. A great deal of information suggests that minimum wage increases reduce the number of jobs available.Raising the Minimum Wage: Both Sides of the Coin Document Outline 1.) Introduction 2.) Minimum Wage History and Facts 3.) Arguments FOR an Increase in the Minimum Wage.
Raising Minimum Wage This essay Raising Minimum Wage is available for you on Essayscom! Search Term Papers, College Essay Examples and Free Essays on Essayscom - full papers database. Autor: 24 • May 1, • 1, Words (5 Pages) • 6, Views. Page 1 of /4(1).
Pros and Cons of Raising a Minimum Wage Essay Words | 5 Pages Minimum Wage A minimum wage is the lowest hourly wage that employers have to compensate the workers for their service. The Poor The primary reason most people give for wanting to increase the minimum wage is that of helping poor people.
There are many studies that indicate the /5(1). Minimum Wage Essay. Should We Increase Minimum Wage?
Words | 6 Pages. I am going to pose the question to you the students of Sir Sandford Fleming College, do you really want the minimum wage legislation left in affect? As college students you are not benefiting or gaining anything from minimum wage legislation.
Argumentative Essay March 31st Minimum Wage The minimum wage must be raised because the cost of living has gone up considerably.
Education is essential if one wishes to work, and the cost of education has increased drastically in the past twenty years.