Raising The Minimum Wage Is A False Idea - 972 Words

Raising the minimum wage is a false idea that millions of Americans have; people believe it will put more money in their pocket and will be making more money than he or she is now. This is a wrong accusation to make. The people wanting to raise the minimum wage is the people of lower income levels. If the government raises the minimum wage, the cost of living is going to go up, guaranteed. Many people think that raising the minimum wage will help kids pay for school, when this actually encourages them to drop out early in the pursuit of money. Minimum wage is basically a wage that a company must pay the employee. This was put in place by the Fair Labor Standard Act in June 25, 1938 (Lal, 12)It was made for the workers in the mines, manufacturing, farms, and any other basic skill jobs. The wage itself was only 25 cents, which is roughly $4.04 in today’s money. Since that time it has been raised repeatedly and from this the cost of living has increased dramatically to follow it. (Lal, 13) To raise the minimum wage means everyone will be effected not just the people that are working these jobs. People who work a minimum wage job can be broken into two groups, workers who are young adults (24 and under), and adults (25 and up). According to the Burro of Labor Statistics in 2010 1.8 million of them were paid 7.25 an hour (Wilson). Roughly 49 percent of all minimum wage workers are part time employees, seasonal workers. This means the employee or workers are not working 40 hourShow MoreRelatedThe Debate Over Minimum Wage940 Words   |  4 Pages The debate on raising the minimum wage has been discussed in detail in Congress for the past eighteen months. But as of late, writer William Finnegan suggests, it is â€Å"among the many urgent issues that it [Congress] certainly won’t address.† Though this issue is important, Congress seems to be putting off making any real decision in regards to raising the minimum wage. The bill to raise minimum wage from $7.25 per hour to $10.10 and hour over a two year period had been thrown around for monthsRead MoreRaising The Federal Minimum Wage1225 Words   |  5 Pages Study shows that wage increases do lower poverty, by 2.4% if wage at $8.00, consistent with other studies. (Washington Post/ Arin Dube) 1. Raising the federal minimum wage doesn’t cause substantial unemployment as most economists agree, including over 600 economists who wrote a letter to Congress urging a wage increase, and the Economic Policy Institute. A. Identify shortcomings of the opposition (fallacies they make, or weaknesses in the evidence they use) 1. Arin Dube’s study would be great,Read MoreThe Cost Of Idealism : Setting The Appropriate Minimum Wage1618 Words   |  7 Pages The Cost of Idealism: Setting the Appropriate Minimum Wage Blake Kaiser-Lack Williams Economics 19 November 2015 In Seattle this past August, Ritu Shah Burnham and his 11 co-workers at a small ZPizza lost their jobs and business to one seemingly beneficial culprit: the minimum wage. After huge wage hikes in cities like Seattle, San Francisco, and Oakland, small businesses similar to Burnham’s have been following suit due to increased labor costs that eradicateRead MoreBenefits Of Raising Minimum Wage1757 Words   |  8 Pages Minimum wage has been a constant battle in the United States for decades. The ultimate goal is to put the American people in the best position possible to succeed and be the least limited. Many believe the immediate thought that higher wages equals higher standard of living and mitigating the poverty gap because more money will be in the hands of consumers, but this is a near sighted belief. The long term effects of raising wages not only will cause detriments of loss of employment, mistargetingRead MoreMinimum Wage : The Exploitation Of Workers1538 Words   |   7 PagesMinimum wages offer a meaningful question about the exploitation of workers. It identifies the significant problem of exploitation of workers by employers and seeks to promote a fair wage structure. This enables a convincingly possible minimum accepted standard of living for low-paid workers and in any attempt alleviates poverty, creating self-sufficient working families. Minimum wage was first introduced in Australia during the late 1800s to combat manufacturing ‘sweatshops,’ subsequently beingRead MoreThe Great Nation Of The United States3156 Words   |  13 Pagesvirtues of social class mobility in our society. In 2013 Secretary of Labor Tom Perez proposed to raise the federal hourly minimum wage from the current $7.25 to $10.10. Since then, there has been heavy political debate and controversy over the proposal and Congress has yet to act on it. The evidence through social observations and analysis is clear that raising the federal minimum wage to $10.10 wou ld protect the sacred American dream by increasing opportunity for hard working Americans, stimulating revenueRead MoreFeudalism2592 Words   |  10 Pagesï » ¿With minimum wage increases taking place in several states at the outset of 2013, the utility or lack thereof of this topic has once again taken center stage across the nation. Minimum wage was initially effected during the New Deal by President Roosevelt, and has steadily climbed to keep pace with rising living costs ever since. There are a plethora of arguments that populate partisans on either side of this debate, involving everything from Marxist notions of capitalism to more deliberate ramificationsRead MoreWhat Is Democratic Socialism?1707 Words   |  7 Pagessocial democracy so that ordinary Americans can participate in the decisions that affect our lives. Democracy and socialism go hand in hand. All over the world, wherever the idea of democracy has taken root, the vision of socialism has taken root as well- everywhere but in the United States. Because of this, many false ideas about socialism have developed in the U.S. With this booklet, we hope to answer some of your questions about socialism. †¢ Large corporations seem to be an almost permanentRead MoreSocial Inequality By Barbara Ehrenreich Essay1825 Words   |  8 Pagesadvantage of the taxpayers, and in some cases the rich. Many have taken their voice to shine a light on these negative issues. Writers such as Barbara Ehrenreich, reveals in her article â€Å"Serving in Florida’ the struggles jobholders face to live on poor wage jobs. Kathleen Arnold in her narrative â€Å"From America’s New Working class† informs how substantive programs aimed to help recipients, take advantage of these by monitoring them and disciplining them with the goal to maintain a supply of cheap laborRead MoreThe Legal And Illegal Immigration Essay2403 Words   |  10 Pagesbeen and still is a controversial topic, especially during present-day due to the recent presidential elections. As a result of migration, immigrants face discrimination by false statements and myths, such as being stereotyped as terrorists, unin telligent, or as people who will bring America s economy down. These myths and false statements create an illusion of immigrants depriving native-born Americans of their rights and opportunities. Since the 1840s until present day, the United States has passed