Congress Should Raise Minimum Wage Essay

648 words - 3 pages ✓ Expert Reviewed
VIEW DOCUMENT
Preview

The first minimum wage was put in place by Congress in 1938 as part of the Fair Labor Standards Act. It was set at twenty-five cents. Since then minimum wage has continually fluctuated, and currently, it is $7.25, but Congress is now considering the Fair Minimum Wage Act (Whittner) which would, over the course of two years, raise minimum wage to $10.10 (Sherk). Adding almost three dollars to the United State’s minimum wage will most certainly have a large, positive impact on the nation. Congress should raise minimum wage because it would boost the economy, it would create jobs, and it would not be right to let people who work full time to live in poverty.
Increasing minimum wage to $10.10 an hour will boost the economy because if people are earning more money, then they will spend more money (Shemkus). In a study done by the Federal Reserve Bank of Chicago, minimum wage workers who received a wage that included an extra dollar per hour created an average of $2,800 in new consumer spending the next year (Berman and Scheller). That is a significant amount of money from such a tiny change, and if enough people were given just a one dollar raise in salary, then that would mean millions of dollars in new consumer spending, so raising salary $2.85 would mean even more money for the economy.
Jobs and the economy are directly related, so if the economy is steadily growing, then the amount of jobs will too. Increasing minimum wage would have a major impact on job availability. In fact, a chart published by the Review of Economics and Statistics shown in the Huffington Post explains that between the years of 1991 and 2006, the rate of job growth has mimicked the increase and decrease of minimum wage. Another study done by the National Employment Law Project in the Huffington Post stated that “when ten states increased their minimum wages in 2013, they added the equivalent of 1,580 full-time jobs to the economy”. If the minimum wage was raised to $10.10 then a 140,000 net increase in full-time jobs would occur, due to an increased GDP of 32.6 billion dollars, according to a recent study by the Economic Policy Institute in the Huffington Post. Already, minimum wage increases put into place on January first, are...

Find Another Essay On Congress Should Raise Minimum Wage

Why we shouldn’t raise minimum wage

1092 words - 4 pages was formed under the “Fair Labor Standards Act of 1938, the nationwide minimum wage was designed to lift millions of American workers out of poverty and to simulate the economy”(Wittner). Today the people for raising minimum wage believe that there should be another “Fair Labor Standards Act” to raise the national minimum wage to ten dollars and seventy-four cents, which they believe should have already happened to keep up with the increasing...

Raise Minimum Wage to $15 an Hour

1098 words - 4 pages electricity shut off, just because I couldn’t work enough hours to pay all of my bills. It can be very scary to only make minimum wage and have to support yourself. There are changes that need to be made so that every person can live properly with any job. Minimum wage should be raised to at least $15 an hour. Doing so would benefit lower classes of people greatly. Higher minimum pays will keep people from doing illegal things for money, give them...

Should the Minimum Wage Increase?

1530 words - 6 pages minimum wage helps create competition between employers, which is beneficial because it prevents misbehavior of businesses. Competition can help assure that employees are paid what they contribute to their employers. If there’s less competition, there will be a smaller amount of businesses that gain more power. This can affect the efficiency of productivity and employment. A possible raise in minimum wage could cause a wealth effect, where real price...

Should Minimum Wage Be Raised?

858 words - 3 pages jobs, and 28 million Americans would get a raise if the minimum wage increases (“Raising…”). However, in my opinion, minimum wage should not be raised. It will cause more harm than good because raising minimum wage will lead to an increase in unemployment and prices of products. One harmful factor that raising the minimum wage will do is increase unemployment. Many Americans argue that minimum wage will not increase unemployment but will...

Should Minimum Wage Be Raised?

838 words - 3 pages barely enough. Recently this subject has been in the news more than ever. Ten states are looking to raise the minimum wage price ceiling in their state to allow their workers to make more money. As stated before this is only the state’s minimum wage not the federal. The last time the federal minimum wage was increased back in July of 2009 it was raised to $7.25 an hour. However while raising the minimum wage may help it is only helping those who...

Should The Minimum Wage Be Raised?

1761 words - 7 pages . Raising the minimum wage was part of the economic vision that President Obama laid out. He described what we need to support the middle and lower class and those who are trying to join it. In his words, “because no one who works full-time in America should have to live in poverty, I will keep making the case that we need to raise a minimum wage that in real terms is lower than it was when Ronald Reagan took office.” (Obama). More employees will...

We Should Abolish The Minimum Wage

845 words - 3 pages get pay by an hour. If the wages rise then something will decrease and increase. Minimum wage is the lowest hourly pay employers are legally able to pay their workers. In United States there is huge debate on whether or not to raise the current minimum wage rates from seven dollars and twenty five cents per hour. States are leading push to increase the minimum wage by Democrats who appeal to working class Americans. Congress want to increase...

Should Minimum Wage be Significantly Increased in the United States?

1889 words - 8 pages are many studies out there for both sides of this argument, but people can’t honestly tell other people that raising this hourly wage will help create more jobs. If history is any indication of what’s to come then we should not raise it. People around the country all say that we need to increase the minimum wage. What they don’t realize is that doing so, there will be an impact on jobs, even though the government is saying it will have a minor...

Increasing Minimum Wage

1168 words - 5 pages -establish the basic labor consept that if you work full time, you’ll should earn at least enough to survive. If we raised the minimum wage to $10 per hour, nearly 28 million American workers would get a raise, 9 million of those workers are parents. And contrary to popular misconception, most of these workers are not teenagers working part time: 80 percent are at least 20 years old, and 55 percent work full time.” (James A. Dorn). The main concern is...

Raising The Minimum Wage

1115 words - 4 pages been made on his behalf. So congress needs to raise the minimum wage in order to help the general well being of the people. Minimum wage is the least amount of money than an employer can pay its workers per hour. For example, the minimum wage in Virginia is $7.25 per hour. Ford points out in his article on raising the minimum wage, “The minimum wage rose to $5.85 in the summer of 2007 and to $6.55 in the summer of 2008 with plans for a final...

The Minimum Wage Debate

924 words - 4 pages you want to make more money, you should try to get a better job? Or was he just being a plain old jerk? Which side would you choose? Would you be willing to increase minimum wage? Or be against it? Minimum wage have increased tremendously over the pass decades. We went from only a quarter an hour to $7.25 despite what gender you are. Will President Obama request to raise minimum wage from $7.25 an hour to $9.25 an hour pass? Maybe, maybe not. If...

Other Congress Should Raise Minimum Wage Essays

Raise Minimum Wage Essay

704 words - 3 pages A bill increasing the current minimum wage is greatly needed, and our government officials should demand a raise due to the increase in the cost of living, as it’s no longer realistic. We need higher paying wages for all, middle and lower class income levels. Without some sort of help and support from our government the economy will only get worse. Students will not be able to afford the cost of school and living. Single family households will...

Raise the Minimum Wage Essay

811 words - 3 pages 1. Skylar, Holly. “Raising the Minimum Wage Will Help the Poor.” Social Justice. Ed. William Dudley. San Diego: Greenhaven Press, 2005. Opposing Viewpoints. Rpt. From “Raise the Minimum Wage to $10 in 2010.” Let Justice Roll Living Wage Campaign. 2009. Opposing Viewpoints in Context. Web. 17 Nov. 2013. This article compares the rate of pay in 1960 to what minimum wage workers are making today. The article discusses the minimum...

Raise Minimum Wage Essay

1256 words - 5 pages shut off, just because I couldn’t work enough hours to pay all of my bills. It can be very scary to only make minimum wage and have to support yourself. There are changes that need to be made so that every person can live properly with any job. Minimum wage needs to go up. Minimum wage should be raised to at least $15 an hour. Doing so would benefit lower classes of people greatly. Higher minimum pays will keep people from needing assistance...

Congress Should Raise The Minimum Wage To $8.00 Use The Although…Because.The Although Clause Will Be Your Last Mention Of Your Opponents' Viewpoint.

1110 words - 4 pages Argumentative EssayTopic 3. Congress should raise the minimum wage to $8.00Use the although…because thesis shown on page 276.The although clause will be your last mention of your opponents' viewpoint.Feel free to use a problem-solution order for your argument based on effects you have already analyzed in your causal analysis essay.MLA Format: Have at least 5 reliable sources that you found by using a college...