Minimum Wage Should Be Raised - 1981 Words

Minimum Wage The Fair Labor Standards Act (FLSA) is a law that states what the lowest amount a business can pay a contracted employee. Currently the law states that the federal minimum wage is $7.25 but there are many states that have their own minimum wage laws. There has been an ongoing protest over minimum wage for a long time and it has been changing consistently ever since 1938 with the latest change in 2009 when it went from $6.55 to $7.25. Many people think it should keep going up but many other people think it is going to hurt our economy if it goes up. There are many things that raising the minimum wage can affect in the economy and there are many steps that go into raising it. I think that the minimum wage should be raised to†¦show more content†¦Ã¢â‚¬Å"Overall, these are strategic investments in our people to reignite the sense of ownership they have in our stores,† CEO of Walmart Doug McMillon said on Feb. 19. â€Å"As a result, we firmly believe that our customers will benefit from a better store experience, which can drive higher sales and returns for our shareholders over time.† (Che, 2015). As the world’s largest retailer, the change could affect the economy, motivating more customer spending and making other stores raise their baseline salary. At Ben Jerry’s an entry level position will start at $16.29 an hour and it will probably go up as long as you stay with that company long enough. The average employee at Costco is making $21 an hour I was amazed when I read that. Also, about 88 percent of Costco workers have company sponsored health insurance. All 50 states have their own minimum wages and make their own laws on how much they want to pay an employee. â€Å"There are 2 states than have a minimum wage set lower than the federal minimum wage. There are 29 states plus the District of Columbia with minimum wage rates set higher than the federal minimum wage. There are 14 states that have a minimum wage req uirement that is the same as the federal minimum wage requirement. The remaining 5 states do not have an established minimum wage requirement.† (WHD, 2017). In the state of Minnesota there are two different minimum wages. The minimum wage for small employers (Enterprise with annual receiptsShow MoreRelatedMinimum 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 MoreShould Minimum Wage Be Raised?1062 Words   |  5 Pagesever pressing question regarding Minimum wage. Not many subjects can ignite a controversy as quickly as that of whether or not minimum wage should be raised, or by how much should it be raised or if it should remain the same. What is minimum wage? By definition, minimum wage is the minimum hourly wage an employer can pay an employee for work. (â€Å"MinimumWage.com†) America’s minimum wage was first introduced by President Franklin D. Roosevelt in 1938. That minimum wage was introduced as part of the FairRead MoreShould Minimum Wage Be Raised? Essay1596 Words   |  7 Pagesgovernment has so generously termed the â€Å"minimum wage†. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and SeattleRead 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 p ay 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 livingRead MoreShould Minimum Wage Be Raised?870 Words   |  4 PagesShould Minimum Wage Be Raised? Minimum wage has always been a controversial issue. Many politicians use the argument of minimum wage for their own political propaganda. Some may argue minimum wage should be raised, while others believe it will have detrimental effects on our economy if it is raised. Surprising to most people, minimum wage earners make up only a small percent of American workers. According to the Bureau of Labor Statistics, minimum wage workers make up about 2.8% of all workersRead MoreMinimum Wage Should Be Raised935 Words   |  4 PagesMinimum wage is an ongoing debate in the United States. There are some people who think that it should be raised to a higher rate and others who think that it should not. There are many different pros and cons with raising minimum wage. Minimum wage is at a balanced rate that should not be raised due to lack of skill, low education, and economic problems. Jobs that require minimum wage are created for young adults who are in college or high school. They are to help one get one on their feet so thatRead MoreMinimum Wage Should Be Raised910 Words   |  4 Pagesmaximize the American Dream on the minimum wage† (Benjamin Todd Jealous). In 1938, minimum wage was created by the federal government in order to protect workers by ensuring a minimum of twenty-five cents per hour worked. Though President Roosevelt had the right idea in protecting the workforce, something needs to be done to ensure that Americans are getting a reasonable amount of money for the amount of hours they have worked. As Benjamin Todd Jealous stated, minimum wage is not enough for the averageRead MoreThe Minimum Wage Should Be Raised998 Words   |  4 Pagesprestigious job at such a young age. However that is not the case, if the minimum wage is raised to $15 an hour, a 16 year old could make $18,000 yearly working only 25 hours a week at McDonalds. Now for tee nagers that have goals for college or a car, that would money to set aside for the future, however most 16 year olds do not have those goals in mind yet, so that extra money turns into wasted money. As of February 2016 the minimum wage ranges anywhere from $7.25-$10 across the United States. Florida’sRead MoreMinimum Wage Should Not Be Raised863 Words   |  4 Pagesthan triple the minimum wage. If the minimum wage is increased, it would eliminate people’s incentives to improve. On top of that, inflation would occur, and poverty would virtually stay the same. In addition, raising the minimum wage would bring on hardship for small businesses. Of course, one may argue that the minimum should cover the cost of living, but people should have to work for their money. The minimum wage should not be raised in the United States. If the minimum wage were to go up, peopleRead MoreThe Minimum Wage Should Not Be Raised858 Words   |  4 PagesRepublican presidential candidate, Ted Cruz, is of the opinion that the Minimum wage should not be raised. This is a large issue as the current federal minimum wage of $7.25 is not enough to support basic living costs in a fair number of states. Ted Cruz highlights the consequences of raising the minimum wage yet ignores the cons of it remaining static (Ted Cruz on the Minimum Wage). In an article in The Atlantic, the discussion of the cost of living is brought up. The article talks about how the