United States Department of Labor. 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. Hopefully if they raise the should minimum wage be raised essay wage, it will keep up with the cost of living. All in all, there are benefits and crucial, dire consequences that is causing so much controversy over this subject. Since the recession, employers have been struggling with production costs, a fact that has even forced them to pay their employees below the minimum wage. It displays various information regarding their research and issues minimum wage.
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As enshrined in the United States Fair Labor Standards Act, FLSA, the minimum wage policy aims at curbing poverty and minimizing income inequality. Nonetheless, increasing the minimum wage elicits intense debate from opponents and proponents of the strategy. This paper reviews secondary sources arguing for and against the increase in minimum wage as a way to curb poverty and inequality, and in its conclusion from the findings, arguing that the federal minimum wage should not be raised. Get your assignments done by real pros. Save your precious time and boost your marks with ease. Just fill in your HW requirements and you can count on us!
For over a century, the minimum wage remains a critical component of public policy. Neumark and Wascher trace its back to the s in Australia and New Zealand. It aimed at ensuring fair pay for work done. In the United States, the provisions of the federal minimum wage are enshrined in the Fair Labor Standards Act, FLSA. With its should minimum wage be raised essay traced back to when applied to Virgin Islands and Puerto Rico, the FLSA has undergone numerous amendments to what it is today, covering the whole of the United States, should minimum wage be raised essay. It aims at helping families attain self-sufficiency, thus targeting low-paid occupations.
Even though there are states with greater employee protection legislations, all states should adhere to both legislations. In cases where the minimum wage set by the federal authorities differ from that set by the state authorities, employees are entitled to the higher minimum wage. Having not been amended for the past five years, there are calls to have the minimum federal wage increased. Furthermore, depending on the increase in the Consumer price Index, these amounts would be reviewed by the Secretary of Labor after three years and yearly thereafter. Indeed, cities, counties and businesses have taken action to effect these amendments.
These leaders raise critical issues that do not support the raising of the federal minimum wage. As such, should minimum wage be raised essay, the federal minimum wage should not be increased. The widespread argument is that raising the minimum federal wage would improve the living standards of the people. This increment would cushion families from the effects of inflation. With women being the greatest beneficiaries, it is argued that the welfare of many more families would be positively impacted. For more help, tap into our pool of professional writers and get expert essay editing services! Should minimum wage be raised essay, raising the minimum federal wage would improve the economy. As documented by DOLapproximately 28 million workers stand to benefit from an increase in the minimum wage.
The increased earning by the low-wage workers would cause them to spend more. According to the Executive Office of the Presidentshould minimum wage be raised essay, increasing the minimum wage would result in an increase in aggregate demand, citing the study by Federal Reserve Bank of Chicago economists which revealed that increasing the minimum wage would cause a 0. Consequently, this would foster the performance of the economy. Increasing the minimum federal wage would attract more productive workers. These include spouses not much interested in the work or retirees who also could manage without the work. To such people, quality of work is paramount, thus high productivity.
This positively affects the performance of organizations, making production attractive. On the other hand, increasing the federal minimum wage poses a risk of increasing unemployment rates, thus hurting the low-skilled workers, the people whom it should positively impact. Increasing the minimum wage would result in an increase in wage costs for employers across the country. To cushion themselves, employers would undertake job cuts so as to manage their expenses on wages. More specifically, Puzzanghera and Hennessey argue that this increment would cause a loss ofjobs, this being about 0. Evidence from the American Action Forum indicates a slower employment growth in restaurants and retail occupations, these being fields where employers are most likely to be paid the minimum wage, in states that had implemented the raised minimum wages Morath, This acknowledges minimum wage as a critical determinant of hiring decisions.
Since the recession, employers have been struggling with production costs, a fact that has even forced them to pay their employees below the minimum wage. Adams gives examples of a Chinatown restaurant and Should minimum wage be raised essay East Side pizza place in New York as among the many organizations which cannot pay even the current minimum wage. This is attributed to lack of enough wage competition as a result of the recession. Thus, increasing this minimum would cause most of them to close shop, leaving many unemployed. With unemployment being one of the top concerns for America, raising the minimum wage should not be approved as it would destroy instead of create the much needed jobs in the country. In the same way, prices of commodities would rise, thus creating a null net effect of the increment on the lives of the low-wage workers.
Should the increase in minimum wage not affect the employment rate as intended by the Executive Office of should minimum wage be raised essay Presidentthe wage bill for these employers would rise. Consequently, employers raise the money needed to pay for the higher wages by increasing prices of their products or should minimum wage be raised essay. Therefore, in as much as DOL argues that the spending of the people would increase, there could be a high likelihood of this not being realized as the wage increment would be consumed by the additional costs of commodities.
Therefore, there would be no meaningful net effect of the increased wage due to the increased prices of commodities. Another critical fact to consider is that raising the federal minimum wage compromises on the development of an economy, should minimum wage be raised essay. Evidence from primary studies conducted by Neumark and Wascher from the mids shows that increasing the minimum wage makes such wages attractive to the youth and teenagers who in turn leave school for jobs. Increasing the minimum wage also makes firms shy away from offering training to young workers who are sources of wage growth in future.
For these reasons, some states opt to offer the bare minimum wage as dictated by the federal authorities just for compliance. These findings attest to the fact that increasing the should minimum wage be raised essay minimum wage could discourage education among the youth and teenagers and jeopardize the skills of the workforce in various firms thus negatively affecting the development of the economy. There are better alternatives to dealing with poverty and inequality than increasing the minimum wage. One of the most fronted alternatives has been the alteration of the earned-income tax credit. Most of the low-wage earning employees struggle to meet their basic living expenses, especially those that have families to support.
The government, through the earned-income tax credit initiative, gives payouts to such people with low incomes, should minimum wage be raised essay. This is meant for the poor families and not the relatively affluent spouses, retirees or college students Morath, Increasing this credit provides a better alternative to curbing inequality and poverty, the basic reasons on which the argument on increased federal minimum wage is based. In fact, Adams observes that even conservative groups such as the Employment Policies Institute support this strategy. Moreover, studies show that increasing the minimum wage has no or little effect on poverty reduction. Neumark and Wascher cite an academic study which documented no change in poverty rates following the federal and state wage increases effected between and Therefore, instead of increasing the minimum wage, other more effective alternative strategies to reducing poverty and inequality should be adopted.
The minimum wage policy as documented the United States Fair Labor Standards Act, FLSA seeks to curb poverty and minimize income inequality. The main aim of this policy is to help families attain self-sufficiency and therefore targets workers in low-paid occupations. When the government increases the federal minimum wage, it anticipates improving the living standards of its people, lifting them above the set poverty line. The economy also improves due to increased aggregate demand and also attracts more productive workers for employment. Nonetheless, there being benefits and costs with increasing the minimum wage, its implementation should follow a consideration of the acceptability of the tradeoffs between the benefits and costs.
Overwhelming body of evidence argues against increasing the minimum wage as a way to curb inequality or poverty. Increasing the federal minimum wage would almost certainly lead to a reduction in employment opportunities, especially among the entry-level, low-skilled wage earners for whom a job presents the first step on their opportunity ladder. It results in increased cost of commodities thus a null net effect on poverty levels in addition to compromising the development of the economy due to promoting school drop-outs among the youth and teenagers attracted by the higher wages.
There exist better alternatives to reducing poverty and minimizing income inequality such as increasing the allocation for earned-income tax credit. As such, the federal minimum wage should not be raised. Adams, S. Executive Office of the President. A year of action: Progress report on raising the minimum wage. Washington, D. Morath, E. Should minimum wage be raised essay Day turns attention back to minimum-wage debate, should minimum wage be raised essay. The Wall Street Journal, should minimum wage be raised essay. Neumark, D. Minimum wages. Cambridge, MA: Massachusetts Institute of Technology.
Puzzanghera, should minimum wage be raised essay, J. Los Angeles Times. United States Department of Labor. Minimum wage. Topic Minimum Wage. Level College. Pages 6. Words Rating 4. Studyfy uses cookies to deliver the best experience possible. Read more. Studyfy uses secured cookies. Services Custom Writing Dissertation Writing Research Paper Writing Homework Help Any Type Essay Editing Proofreading Service TextBooks Search. Buy an Essay Order an Essay Pay for Essay Math Homework Help Physics Homework Help. How It Works Writers FAQ Contact Us. Log In Sign Up.
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Nonetheless, there being benefits and costs with increasing the minimum wage, its implementation should follow a consideration of the acceptability of the tradeoffs between the benefits and costs. Overwhelming body of evidence argues against increasing the minimum wage as a way to curb inequality or poverty. Increasing the federal minimum wage would almost certainly lead to a reduction in employment opportunities, especially among the entry-level, low-skilled wage earners for whom a job presents the first step on their opportunity ladder.
It results in increased cost of commodities thus a null net effect on poverty levels in addition to compromising the development of the economy due to promoting school drop-outs among the youth and teenagers attracted by the higher wages. There exist better alternatives to reducing poverty and minimizing income inequality such as increasing the allocation for earned-income tax credit. As such, the federal minimum wage should not be raised. Adams, S. Executive Office of the President. A year of action: Progress report on raising the minimum wage. Washington, D. Morath, E. Labor Day turns attention back to minimum-wage debate.
The Wall Street Journal. Neumark, D. Minimum wages. Cambridge, MA: Massachusetts Institute of Technology. Puzzanghera, J. Los Angeles Times. United States Department of Labor. Minimum wage. Topic Minimum Wage. Level College. Pages 6. Words Rating 4. Studyfy uses cookies to deliver the best experience possible. Read more. Studyfy uses secured cookies. Services Custom Writing Dissertation Writing Research Paper Writing Homework Help Any Type Essay Editing Proofreading Service TextBooks Search. Buy an Essay Order an Essay Pay for Essay Math Homework Help Physics Homework Help. How It Works Writers FAQ Contact Us. Log In Sign Up. Essay Samples Minimum Wage Essays Should the Federal Minimum Wage Be Raised? Should the Federal Minimum Wage Be Raised?
Essay Abstract As enshrined in the United States Fair Labor Standards Act, FLSA, the minimum wage policy aims at curbing poverty and minimizing income inequality. Struggling with your HW? Used our essay samples for inspiration? Edit my Essay. Facts about the minimum wage Essay. Reasons for Increasing Minimum Wage Essay. Why Minimum Wage Should not be Increased and Better Solutions Found Essay. All things considered, the issue of raising minimum wage is not a battle of political parties and their agendas, its really a debate between everyone. Raising the minimum wage is a temporary fix to a long term problem. The government needs to raise the minimum wage as it raises the income of people, which saves the taxpayers money and allows it to be used on things such as schools and fixing roads.
Also, increasing the minimum wage creates wage growth, which helps grow the GDP, as people have more disposable income. Lastly, increasing the minimum wage reduces the wage gap between the CEOs and working class, with the purpose of distributing more of the profits to the working class to help pay for health care and education. Home Page Should the Minimum Wage be Raised? Should the Minimum Wage be Raised? Good Essays. Open Document. Essay Sample Check Writing Quality. There has been many reasons and issues as to raised the minimum wage that it should be raised. The minimum wage should be raised because increasing the wage, jobs will have better services for those employs cause it helps everyone pay debts, and although some workers may be laid off the taxes would be raising higher and people would have less government help.
Federal minimum wage that increase does better for the employment because it will provide better equipments for many employes that are working in the job, not only that but it also gives each employ the best support such as the security help in case if any accidents may happen within the job. which brings the people that are working have a better services that employees need help on either them that have families. As said on the book, How Can The Poor Be Helped pg. at best living wage laws bring about modest benefits at a higher cost to businesses and taxpayers.. Today minimum wage is a very economic problem to this world wide as some people would rather pay a bit extra more because of the way or how much the people may work at the employment, though some want to be equally fair others think otherwise.
It actually determined to the economy as a whole so we are talking lots of money to one single person to all working stations. org Pg. Minimum wage has money problems and as it goes from laying off workers, high incomes, better services, to high prices and less government help it boost the earning of working families hardest and hitting ng pay in low age will help restore the consumer spending that provers our economy and not to mention that local businesse need in order to grow. A robust minimum wage is a key building of sustainable economic recovery. per hour and making it a priority during the second term. Although minimum wage should be raised it could be a tough with the economy because of the high prices and very low government help but other than that it should be or those who put the efforts into the work that each person is in.
Get Access. Satisfactory Essays. Another benefit of raising the minimum wage pay will increase consumer spending. July 24 marked nine years since the federal minimum wage was last increased. Holly Sklar a CEO of Business for a Fair Minimum Wage said, Businesses rely on consumer spending and consumer spending depends heavily on wages. The minimum wage sets the floor under worker pay millions of workers have paychecks above the inadequate minimum wage, but still too low to make ends meet. 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. Pathos is used when it comes to how many people would even be helped, and what class would be left to suffer from it.
Not only did I do research to back this up, but my own middle-class family was interviewed just to see how I would affect them by asking them about the wage increase. This was one of my emotionally charged approaches, and it worked on her. after working there since she was 18 years old, and now she is in her early forties. My second would be people being cut hours or easily fired due to budgets needing to be made. 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.
The statements above make for good reasons to change the minimum wages. 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. As stated before, minimum wages were not supposed to be a permanent job solution for Americans. There are situations that some of these people have faced that does not give them opportunities to go to college and find better employment. To some these might be excuses and they may be, but the point is that they are doing their best to support their families. To get across their argument and share it with the world they used pathos, ethos, and logos.
The non-profit organization NELP effectively creates their argument using rhetorical appeals and strategies throughout their research and experiments and results in a persuasive piece in favor of raising the minimum wage. The point is to help the lower-income families get back on their feet, not destroy the economy.
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