Should The Minimum Wage Be Paid - 993 Words

Many case in USA suffering from the very low hourly payment according to Talk poverty: As wages go down, the percentage of workers relying on public assistance gets higher: 60 percent of workers earning less than $7.42—only slightly higher than the $7.25 federal minimum wage—receive some form of means-tested public assistance. Overall, 70 percent of the benefits in programs meant to aid non-elderly low-income households—programs like food stamps, Medicaid, and the Earned Income Tax Credits—go to working families.and it help some people get out of the food stamp Because the low minim wage many low income worker live with their children under a poverty. The first reason for raise the minim wage because it will help the government to save million dollars. As talk poverty state that a new report from the Economic Policy Institute indicates that raising the federal minimum wage to $12 by 2020 would lift wages for more than 35 million workers nationwide and gene rate about $17 billion annually in savings to government assistance programs. By this big saving the government improve the economy by using this money in different investment field, such as education instution, offer a good insurance plan for the middle –class. Addition reason, for raising the minim wage will eliminate the income inequities. According to Waltman, There are two secondary goals of minimum wage policy as well. The first of these is to reduce economic inequality. Since wages and salaries are the majorShow MoreRelatedMinimum Wage Should Be Paid2347 Words   |  10 Pagesthemselves, solely on the income from a minimum wage job. With federal minimum wage sitting just over seven dollars an hour, those tasked with budgeting these kind of meager earnings have begun to question why they dont deserve more pay. Some states have their own laws with discretion over minimum wage pay, and 29 states and DC all currently have minimum wage standards higher than the federal standard, but not necessarily by much. Those working labor jobs, where minimum wage is the compensation they receiveRead MoreMinimum Wage Should Not Be Paid Essay1910 Words   |  8 PagesIn 1938 congress instituted minimum wage with 25 cents an hour being the first wage . After 78 years seven dollars has been the increase of minimum wage, stated by the article listed on, Heritage.org . Every year the cost of living and surviving in this country increases. You would think after 78 years, minimum wage would not be at $7.25. Many college students work part-time jobs that pays minimum wage to have some extra cash in their pockets or pay a few minor bills. Having a part time job is perfectlyRead MoreThe Minimum Wage Should Not Be Paid Essay1951 Words   |  8 PagesThe federal minimum wage shouldn’t be higher because it doesn’t contribute to society, the people of America should be paid more because an average person in today s society cannot survive, and parents can’t provide a stable environment for their children, the work being done is worth than what is being received, the underpaid are made to have multiple jobs just to make ends meet. l minimum wage has been one of the most talked about social issues since it was in was introduced in the year of 1938Read MoreThe Minimum Wage Should Be Paid845 Words   |  4 Pagesearning the increased minimum salary to earn the same amount of compensation as CEO Doug McMillon. The answer? It would take more than 2.8 million hours of earning $9 per hour to reach the roughly $25.6 million in compensation McMillon earned in 2014, his first year on the job.† (Huddleston) This is just one glimpse into the reality of the problem America is facing by not raising the minimum wage and investing money back into Americans. Arizona s lack of action to raise minimum wage from $8.05 keepsRead MoreShould Minimum Wage Be Paid?903 Words   |  4 Pagescandidate for this years election, recently claimed that wages are too high in America. One may wonder if he was lost in some sort of day dream or maybe he was talking about his own wages? As someone who has never had to worry about money, considering his families wealthy background, how would he possibly know what its like to live barely get by living off the federal minimum wage? Consider someone who is able to work a full time job being paid minimum wage, after taxes are taken out of their paycheck theyRead 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 MoreMinimum Wage Should Be Raised?958 Words   |  4 PagesMinimum Wage Louis Montgomery III English Composition 101 Mrs. Blackwell April 23, 2015 Minimum Wage Do minimum wage jobs help pay the bills? Do minimum wage jobs support the family? Should minimum wage be raised? Will raising the minimum wage reduce poverty? The idea of minimum wage jobs is to help people get work experience without having any skills. Most minimum wage jobs include fast food restaurants and grocery stores. Minimum wageRead MoreEffects Of Minimum Wage In South Africa708 Words   |  3 Pagesrelates back to the minimum wage. Minimum wage, defined by Google, is the lowest wage permitted by law or by a special agreement. This raises many questions such as: Is it fair to pay everyone the same minimum wage even though their jobs are different? Many people believe that the minimum wage should not exist and that people should get paid according to the work which they do. The minimum wage is a good law, I believe. A huge percentage of the labour force was paid an hourly wage equal to or belowRead MoreWhy The Minimum Wage Should Be Raised?1410 Words   |  6 Pagesraised the minimum wage to $7.25. However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are already raising the minimum wage because ofRead MoreThe Minimum Wage Should Be Legal905 Words   |  4 PagesRise in minimum wage has several impacts apart from unemployment. The minimum-wage workers would have to pay more taxes and receive fewer benefits if they are subjected to rise of minimum wage. The federal marginal rate for tax is 32 percent on an average for low earning mem bers. This would amount to almost one third of the income of a worker. The tax rate is quite high for low paid workers. The rise of minimum wage would also reduce some of the advantages and leverages that the low-wage workers