Reasons Why Minimum Wage Should Be Raised and Its Possibilities

In addition to helping the economy, the minimum wage law was intended to be a humanitarian act. Most agree that full-time employees should be paid a fair wage in order to meet the basic needs of those who do not meet the current minimum wage. For “Why minimum wage should be raised?” essay I stand to believe that the minimum wage should be raised to a livable wage. The minimum wage has not changed since 2009. What is worse is the cost of living three times as much as the minimum wage. It is strange that people earn the same amount of money all these years but continue to raise prices and expect to survive in the world. It sounds as if the government wants people to struggle. It is almost impossible to live on less. As an adult, I know it would be hard for me to support my family, go to college or pay a tuition fee. That is why most students are in debt. Many businesses believe that this will only make the goods and services more expensive. My point is that if a person's health could improve from a simple $ 3 upgrade, shouldn't that be considered a good thing? No one, especially a full-time worker, should worry about not being able to afford the simple necessities of life. I think we can all benefit from an increase. To be able to live better and to have the basic necessities of life and the necessary resources.

Low wages will make a significant difference in the lives of low-income American workers and boost economic activity. The minimum wage increase will allow for increased consumer spending, labor productivity, and living standards. Employee behavior increases when employees believe they are being paid a fair wage. Higher wages have also been shown to lead to an increase in productivity due to declining occupational fatigue decisions. This not only increases the productivity of workers, but also reduces the income of workers. Low-wage workers are particularly affected by low wage increases because they earn more money to spend or save both leading to economic growth. If a bill is passed in Congress to raise the minimum wage in the United States, the economy could benefit greatly.

Following with a small wage increase, poverty levels will show a decline, as the minimum wage becomes easier to live on and reflects the movement towards equality. In today’s economy, a full-time parent with a low income, who feeds two children is at the bottom of the organization’s poverty line because policymakers have failed to maintain a basic level of labor. By 1968, a small income was enough to keep a family of three out of poverty, but not a family of four, even when the minimum wage was very high at the time. The Wage Law Promotion Act, for the first time, will bring a small full-time wage above the poverty line in the family of four in today's economy. Recently, an analysis of small-scale wage increases concluded that for every 10 percent increase in the state's minimum wage, over time, the poverty rate is expected to drop by 5.3 percent. Low wage increases will not only reduce poverty but will also begin to close the income gap between races. While more than one in four workers, white, non-Spanish, would receive a raise, other races and ethnic groups would also benefit. Taking steps to increase the minimum wage to $ 10 to $ 15 is a step towards equal pay across the United States.

Big businesses and large companies will be able to support small wage increases, and they can help small businesses become more accustomed to changing wages. In addition to large businesses, some small businesses also support small wage increases because small businesses with one or fewer owners often have fewer employees to pay. A large company can absorb costs, including employee compensation in the same way that a small business can, but small businesses can similarly control small wage increases when calculating the cost of their business. Another factor that can help businesses is their local economy. Both large and small businesses can change their business practices to pay for a $ 10 to $ 15 minimum wage increase.

While lower wages indicate various benefits for improving all aspects of the economy, some say a rise in the minimum wage to $ 10 to $ 15 will fuel inflation, which will result in a reduction in workers' benefits following the increase. Inflation is influenced by many different factors besides earnings including demand deductions and inflationary pressures, which in turn lead to higher prices. They say that with rising wages it is possible that prices will rise. The link between wage increases and inflation is weak because of low interest rates in the current economy. Inflation acts as a potential negative impact on raising the minimum wage, but research has proven to have a small impact.

The $ 10 to $ 15 fight has created a rift between low-wage workers demanding the replacement of immovable Congressmen in order to raise the current minimum wage. Across the United States, minimum wage varies from region to region. The state-funded fixed wage of $ 7.25 has prompted provinces to take their own steps regarding the minimum wage. Currently, twenty-nine states, including Guam, the Virgin Islands, and Washington D.C., have the lowest federal premium, while thirteen states have the lowest salary set at $ 10 or more. Changes in minimum wage occur slowly in all provinces, but should occur at the level of government, which creates equal pay across the country. Struggling for lower wages, but the battle for life, equality, and change.

Raising lower wages helps the economy and, at least in the long run, with employers. This is the end of pure economic gain for those who look only at the bottom line of the profit and loss bridge and do not see the human suffering caused by congressional inefficiency. Millions of hardworking full-time workers in this country are unable to provide even the basic needs of their children. This, one might think, should be a sufficient reason. Low pay is a factor in the number of people who choose to stay in the crime scene, which includes the activities of criminal gangs. The transition from a productive economy to a productive economy has left many impoverished people, contributing to feelings of inadequacy among those living in poorer neighborhoods and perceptions of exclusion, including from politicians.

Raising low wages not only reduces the number of families and the poor, effectively reduces crime and helps to end the cycle of gang members who not only benefit themselves but also society as a whole. That many may be concerned about the effects of external exposure is understandable. A single job creation solution can be achieved with lower pay and higher living or voluntary living expenses. In addition, activities can be organized in a way that encourages and rewards high skills and career paths. They became homeowners and began to live the American dream while these high labor costs had little effect on the success of the casinos. By learning from this example, it can be said that blue collar jobs should pay the salaries available to create a bigger and richer customer base while providing quality service and production and allowing companies to thrive.

The overwhelming evidence supports the notion that modest increases in wages do not adversely affect unemployment or economic statistics. Employers often benefit from lower wages, lower productivity, and lower paid employees and the economy as a whole.

Better-paying jobs keep children off the road and keep neighborhoods safe. Drug dealing is often an appealing alternative to working for a lower income, which, if low, gives young ones the impression that they are working for nothing. While opposition to good economic performance remains high, compelling evidence supports the notion that modest wage increases do not adversely affect unemployment rates. A low income can be good for business, the economy, the poor working hard and the community at large.