Benefits Of Working For Minimum Wage - 907 Words

Companies and small business’s pay their employe’s hourly wages based on a minimum wage. Today in America we have many hard workers who are working for minimum wage which consists of $7.25 per hour. There is some businesses that believe all employees should be paid at minimum wage while other businesses pay well over minimum wage. Skills, attitude, responsibility and work ethic all affect how employers base employees hourly wage. When looking at the economy the government should not increase mnimum wages, there are many factors that affect minimum wage such as elasticty of demand, and how education and skills can increase minimum wage. Minimum wage is a law set by the government, which is the lowest pay employers can pay their employees. Raising or keeping minimum wage the same has many pros and cons, but keeping the minimum wage the same is beneficial.Human Geography sixth edition by Paul Knox and Sallie Marston provides information about global economic. â€Å" Travel eastward, they leave an agrarian realm with few jobs and miserable wages and enter the realm of â€Å" agglomeration economies†, in which by labor market attracts manufacturers what offer better wage† (Knox and Marston, 214). One of the downsides to keeping the minimum wages the same is people who are not getting to their satisfaction will move to where they are able to make more income. In class we discussed how elasticty of demands affects society. Paul Knox and Sallie Marston stated, â€Å" Degree to whichShow MoreRelatedPros And Cons Of Raising The Minimum Wage1122 Words   |  5 PagesSince 2009, the federal minimum wage rate for employees has been $7.25 per hour. In retrospect, this is hardly enough pay to take care of one’s self-- let alone a family with children. If a person were to add up the average cost of living for one week and then compare it to the average amount of money earned in minimum wage for that week, it would be apparent that the re is little to no extra money for emergency situations. Increasing the minimum wage has been a major controversial issue; DemocratsRead 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 MoreEssay A Minimum Wage Increase Will Stimulate the Economy1318 Words   |  6 Pagesfederal minimum wage law in 1938 while the Great Depression was at its utmost insolvent position. Because at this point in time the economy was at its lowest, the sole purpose for its enactm ent was to keep the majority of Americans out of poverty and increase consumer demand. Following the 1960’s, the minimum wage has had a very gradual increase to the point where it is now at a standby. At this moment with a recession occurring, minimum wages have not brought any benefits to those working for suchRead MoreThe Impact Of A Minimum Wage Increase1153 Words   |  5 PagesImpact of a Minimum Wage Increase Who gets paid the minimum wage? Well, at some point in our lives we all have been paid the minimum wage. But who are those people earning the minimum wage right at this moment? These are the people who have menial jobs. They work in restaurants, retail stores, bars, and maintenance services (OEA, 9). In 2014, the city of San Francisco proposed an initiative indicating that it would raise the minimum wage to $15 by 2018 (Ballotpedia). So would a typical low-wage workerRead MorePersuasive Essay On Minimum Wage1526 Words   |  7 PagesMinimum wage is defined by the dictionary as â€Å"the lowest wage paid or permitted to be paid; specifically: a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons.† Minimum wage is also referred to as the living wage. For many in and out of the political arena, minimum wage, is a topic of debate. The discussion involves the fairness of t he current wage and the need to raise this wage to correlateRead MoreShould Minimum Wage Lift Millions Of Families Below The Poverty Line? Or Cause A Drop?1206 Words   |  5 Pages Will raising minimum wage lift millions of families above the poverty line? OR cause a drop in unemployment? Minimum wage today in Ga is 7.25 an hour, if a business has 6 or more workers then this minimum wage applies to the employees. â€Å"The Fair Labor Standards Act (FLSA) and Georgia labor law requires all employers in Georgia to visibly display an approved Georgia minimum wage poster, and other Georgia and federal labor law posters, to ensure that all employees are aware of federal and GeorgiaRead MoreA Full Time Worker Earn $ 5.15 An Hour1378 Words   |  6 PagesA full time worker earning $7.25 an hour will make approximately $15,080 a year (â€Å"Minimum Wage†). That’s barely more than what students pay for housing and food at some colleges, and we expect a family to live off of this? The poverty line is at $20,000 for a family of four, so how are these people supposed to raise their children in a healthy environment while working full-time to not even be on the poverty line? If this raise is done correctly, employment and prices won’t be hurt, and we will on lyRead MoreShould Minimum Wage Be Raised?1337 Words   |  6 Pagesnot to raise the minimum wage in America has been a widely discussed topic for years. Minimum wage refers to the smallest amount of money a worker can legally be paid in the U.S. It was first signed into law in 1938 by President Franklin Roosevelt in order to keep workers out of poverty and as it stands, the current federal minimum wage in the U.S. is $7.25 per hour. (United States Department of Labor). Today, while some are even questioning the significance of having a minimum wage at all, othersRead MoreThe Minimum Wage Should Be Increased1289 Words   |  6 PagesThe National Minimum Wage Should be increased to a Living Wage. Back in 1998 Labour s’ Tony Blair introduced the national minimum wage (NMW). It was created in aid of employers not valuing their workforce, often giving them very little wages. When it was first introduced the rate was set at  £3.60 and has slowly risen to  £6.70. However this is not enough to live on. It has been estimated that you need no less than  £7.85 an hour, rising to  £9.15 in London, to survive on. There is a clear differenceRead MoreMinimum Wage Should Be Raised1145 Words   |  5 PagesThe current minimum wage is $7.25, which equals two gallons of milk, one fast food meal or two gallons of gas. Can you imagine yourself working 12-hours a day and only having enough money to pay for rent and put food on the table for your family? With working all those long hours, you can barely afford to pay your utility bills and after that you don’t have enough money or time for luxuries like clothing or vacation. You have no savings as matter of fact, you are in a huge debt and you are living