Federal Minimum Wage Should Be Increased - 911 Words

The question that ponders many people’s minds is whether the federal minimum wage should be increased or not. The current U.S. minimum wage is $7.50 and this wage has not increased since 2009. Families with minimum income wages are suffering due to the fact that they cannot provide everyday needs for their families. This is the reason why many people are rioting. They are frustrated with the government’s nonchalant attitude towards the hard situations in which they are living in. A final decision must be made about this topic because at this rate people’s purchasing power will diminish while inflation will keep occurring. The federal minimum wage needs to be raised in order to help improve the living conditions of poor families, increase the economy’s stability, and decrease the unemployment rate. However, some people believe that increasing the minimum wage will cause small or large businesses to fire some of their employees because they are not a ble to pay everyone the same wage. This will stop economic growth causing an opposite effect than what was intended. These people need to realize that increasing the minimum wage will create more positive effects rather than negative effects. The federal minimum wage need to increase to at least $10 so families are able to keep up with inflation and the cost of living. The living conditions of poor families is terrible due to the fact that they are not bringing in as much money as they could because of lowShow MoreRelatedFederal Minimum Wage Should Be Increased1180 Words   |  5 Pagesstarted to come to conclusions that the federal minimum wage is excessively low. The government can stand to help people gain more money, resulting in a less poverty-stricken country. The cost of living or gaining has increased significantly over the past twenty years, and the minimum wage, for most isn t enough for them to support themselves. There have been efforts to increase the f ederal minimum wage, but none has succeeded in getting approved. Minimum wages are too low for a human, to provideRead MoreFederal Minimum Wage Should Not Be Increased1005 Words   |  5 PagesStandard Act (FLSA), Federal minimum wage first went active October of 1938 starting at 25 cents an hour. According to The Bureau of Labor Statistics the minimum wage was not consistent until the start of 1978 and has increased 22 times since then to keep up with the rise on the prices of goods and services. The stretched period of times that minimum wage increased as well as inflation, the purchasing power of the minimum wage has decreased significantly during the time. The minimum wage is not catalogedRead MoreThe Effects Of Minimum Wage On The Economy1391 Words   |  6 PagesThe Effects Minimum Wage on the Economy The controversial topic about increasing minimum wage is debated countless times over the years. Minimum wage is the lowest wage an employer can pay an employee permitted by law. The contemporary federal minimum wage is $7.25. Minimum wage applies to all domestic workers but teenagers are the main receivers of minimum wage. Minimum wage has a major effect on the economy. The question is are the effects positive or negative. There are many arguments on whetherRead MoreFederal Minimum Wage Should Be Raised877 Words   |  4 PagesRecently, the call to raise the Federal minimum wage has gotten stronger. Some states have taken the initiative recently to raise their state minimum wage above the federal guidelines. Currently someone who makes $7.25 an hour working full time under the Federal minimum wage earns $15,080 annually before any taxes are taken out. Critics of the proposal to increase federal minimum wage believe that increased labor costs force businesses to cut jobs to make up for the decrease in profit (Mejeur).Read MoreMinimum Wage And The Wage1176 Words   |  5 Pageswork weeks at minimum wage can be insufficient to provide for life’s necessities. Many minimum wage workers must supplement their income with taxpayer-funded federal assistance programs in addition to working beyond the standard 40 hour work week. There is an economical and ethical imperative to increase the pay of low-income workers, and this can most effectively be done by raising the federally established minimum wage. The federal government assumed responsibility for ensuring wage fairness by implementingRead MoreThe Minimum Wage Policy During The United States1714 Words   |  7 Pagesincrease the federal minimum wage. Headlines throughout the country highlight recent minimum wage policy changes in major cities such as Los Angeles and Seattle. Last month, Governor Andrew Cuomo of New York announced an approved minimum wage increase to $15 an hour for all fast food workers i n the state (McGeehan). Even the website for the White House has a separate page, â€Å"Raise the Wage,† advocating for Congress to increase the federal minimum wage to $10.10 an hour (Raise the Wage). The mostRead MoreThe Minimum Wage Debate1637 Words   |  7 PagesThe minimum wage debate brings about a range of reactions from different people. There are those who believe that there shouldn’t even be a minimum wage and that wages should be determined by the markets. On the other hand, we have those who vigorously argue for increasing the wage minimum citing inflation, the poverty line and worker productivity. Regardless, we do have a federal minimum wage rate in the United States at $7.25 per hour, with some states having a higher minimum wage than the federalRead MoreRaising The Federal Minimum Wage889 Words   |  4 Pagesraising the federal minimum wage would positively effect the economy. In doing so, I will be discussing how an increase in the federal minimum wage would make a vast improvement on the way many low income families live, and also how raising the federal minimum wage would boost the economy as it desperately needs. In raising the federal minimum wage, one might argue that it would cause a spike in the unemployment rate. The reasoning is that it would force employers to balance the increase in wages thatRead MoreShould We Be Living Their Life? Essay1507 Words   |  7 Pagesthis the way anyone should be living their life? (TRANSITION?) Many who have or currently work in restaurants and other places of business within the food industry are demanding higher compensations without knowing the negative repercussions that could arise and take effect. It was recently discovered that, in 2014, around 71% of Americans favored an increase in minimum wages, yet less than half knew or understood the positive and negative effects that came with higher wages (procon.org). That isRead MoreCongress As Part Of The Fair Labor Standards Act1084 Words   |  5 PagesStandards Act (FLSA) instituted minimum wage back in 1938. The first minimum wage was at $0.25 per hour and the last minimum wage increase occurred i n 2007. Over the past 65 years the minimum wage has varied considerably in inflation-adjusted buying power. It has averaged $6.60 an hour in purchasing power in 2013 dollars, but it has ranged from a low of $3.09 an hour in late 1948 to a high of $8.67 an hour in 1968. Today’s minimum wage buys somewhat more than the minimum wage has historically, although