Advantages raising minimum wage essay
Recently with new raises in minimum wage the United States is taking steps to come more closely to the equilibrium of how much employees should be paid.
The main issue over minimum wage is whether or not it should be raised or if it should stay the same. Do minimum wage jobs support the family?
Additionally, this act intention was to transfer. People in the health care industry, especially the nurses, are often the highest paid when it comes to overtime, this is because all their concentration is in need when it comes to taking care of patients.
Reasons why minimum wage should be raised essay
Evidence shows that raising the minimum wage would drive consumer spending, thus producing faster macroeconomic growth. The minimum wage is set so no worker will be oppressed or underpaid, it makes people able to live. Krugman, Paul R, and Robin Wells. With the increasing demand and suggestion on increasing the minimum wage, there are many pros and cons that will result from the increase. Given this statistic , some would argue that the greatest resistance to minimum wage increases are not the working poor, but rather the richest members of society. They include ulcers, depression, and stomach problems, these diseases although treatable are often very bad for worker, this is because one cannot be the normal self and consequently one feels as if they are losing touch with the society Campbell, Lower unemployment and higher wages increase tax revenues. On the other hand, what has an advantage always has a disadvantage. Corporations may outsource more jobs to countries with lower or non-existent minimum wage standards. This is because the increase of labor costs keeping all other things constant would eat into the net profits of the company. A common controversy in America is the issue over minimum wage. And they need a raise, and as you saw, they deserve a raise" Clinton. Raising the minimum wage without EITC upgrades would help many families, but not necessarily the poorest. By definition, minimum wage is the minimum hourly wage an employer can pay an employee for work. There are two sides to the debate about minimum wage.
It is important to understand that the state 's minimum wage is different than the Federal. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy.
However, a significant amount of evidence points shows that market forces are not enough for some to sustain the cost of living.
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