Should The Minimum Wage Increase Essay - 1797 Words

Voting yes for initiative 1433 will increase the minimum wage statewide to $13.50 within 4 years. The minimum wage will increase about .50 ¢ a year starting from $11 in the year 2017 going up to $13.50 in 2020. A minimum wage is the lowest amount of money your employer is allowed to pay their employees; currently, Washington’s minimum wage is $9.47. When it comes to the topic of the minimum wage increase, Seattle is commonly mentioned because they recently increased their wage to $15. Most of us can agree that it has caused a lot of benefits for the city of Seattle. Whereas some are convinced that the increase was a terrible idea and, many residents will lose their jobs/houses due to the increase in pay, business will shut down and the economy will fall apart. I believe their information is incorrect and initiative 1433 will be positive for Washington’s economy. In this paper, I will prove that Seattle delivered phenomenal results and i-1433 is a good idea if a city c an do this, a state can too. A higher minimum wage is important because it reduces poverty since we will have more people working. Minimum wage reduces welfare since some people will be able to work and pay for whatever the government was supplying them of. A wage sets an equal pay for starting workers. A lot of people work at a minimum for instance people who opted out of school or people who could not afford higher education, teens who are paying for their own belongings as in books, rent, food, clothes, andShow MoreRelatedShould Minimum Wage Be Increase?996 Words   |  4 PagesIntroduction Should minimum wage be increase to $15 an hour? That seems to be the million dollar question. Minimum wage is the lowest wage an employee can receive for working. Minimum wage is a contract or legislation by the government or legal authority. How would the increase in minimum wage impact the economy? Summary According to, a news article in the Star Phoenix called â€Å"Pros and cons of a minimum wage increase hourly† (Tyndall, 2015). Tyndall states that, minimum wage is basically the lowestRead MoreAmerica Should Increase The Minimum Wage1117 Words   |  5 Pagesor not America should increase the minimum wage. This is an issue that has been arising to be relevant to people all over the nation. Researches have provided logical facts and statistics on how increasing the minimum wage would be the solution to America’s debt. Increasing the minimum wage has also been successful in several countries including Germany. Studies have shown that decreasing the minimum wage is unlikely to solve any economic woes. While when we increase the minimum wage it benefits theRead MoreMinimum Wage Should Increase Unemployment996 Words   |  4 Pageswho represents the people, you should raise minimum wage. It is all about the people, and making society a better place. Theoretically, minimum wage should decrease unemployment, close racial gaps, enable families to take care of basic necessities, and would somehow make the world a better place. However, theories are ideas, intended to explain a situation; they are not facts, they are not constant, and they can be wishful thinking. Therefore, an increase in minimum wage does not ensure these privilegesRead MoreShould We Increase Minimum Wage?1508 Words   |  6 PagesThe topic on whether the minimum wage should be increased our untouched has been a hot topic in the media and political scene lately. Both the republicans and democrats have spent some big bucks lobbying their insights on the matter. There has been a lot of subjective and objective arguments that are reasonable on both the pros and cons of increasing our national minimum wage. To add to the drama associated with this topic, President Obama endorsed a bill proposing a nearly 40% rise from $7.25 toRead MoreEssay We Should NOT Increase the Minimum Wage1754 Wor ds   |  8 Pagesworking. Should it be mainly focused on providing the basic necessities for our families? Or should we trade off enjoying our job to bet better able to support our family? We all want to provide our families a decent standard of living. What is our second goal? Our second goal is likely the desire, and ability to enjoy our job. The reason we should care about this is we are spending forty hours a week at our workplace. I am to researching this topic to see if the minimum waged should be raisedRead MoreRaising The Minimum Wage Should Not Increase The Value Of The Worker s Labor1280 Words   |  6 PagesRaising the minimum wage does not increase the value of the worker s labor. It increases the cost of the worker s labor. And as everyone knows, the more something costs, the less of it we buy...† (Antony Davies, PhD, Associate Professor of Economics at Duquesne University, and James R. Harrigan, PhD, Senior Fellow at the Institute of Political Economy at Ut ah State University). In this day and age, the federal minimum wage is a very prevalent topic among Americans. Should it be raised? Or willRead Moreminimum wage1601 Words   |  7 Pagesgood news for the low-income workers and their families whenever the government increases the minimum wage. The United States Congress adopted the Fair Labor Standards Act in 1938. Congress created the minimum wage toward the end of the Depression era to ensure a minimum standard oPremium 2048 Words 9 Pages Macroeconomics: Should the Minimum Wage Increase? Should the Minimum Wage Increase? Minimum wage is the lowest wage permitted by law or by a special agreement that can be applied for an employeeRead MoreShould Minimum Wage Be Increased?1691 Words   |  7 PagesShould Minimum Wage be Increased? Introduction The term, â€Å"minimum wage† refers to a lowest payment that an employer is bound to pay to its workers. Today minimum wage is made compulsory in more than ninety percent of nations including Canada where workers are demanding to increase minimum wages for a long time. Minimum wages are revised by governments in order to met growing needs of workers. There is a difference of opinion on the issue of increasing minimum wages among people of Canada. EmployersRead MoreRaising the Minimum Wage: A Counter-Intuitive Solution Essay753 Words   |  4 PagesWhile some believe that raising the minimum wage will resolve poverty issues and lack of pay with the signing of legislation, the raising of the minimum wage to $10.10 an hour (as advocated by President Obama and the Democrats) would cause the poverty issue to be worse than it already is; inflation would occur, employees would be laid off, and minimum wage employees would lose welfare benefits, thus offsetting the wage increase. Th e Government should consider the effects on the American economy asRead MoreAdvantages And Disadvantages Of Minimum Wage In Taiwan1541 Words   |  7 PagesIntroduction Nowadays, minimum wage is very important for workers in this world. In addition, minimum wage is also a core element of public policy in lots of countries. For example, minimum wage has become a hot topic in Taiwan recently. The Taiwanese complained that the working hours are too long, and the wages are too low. Because of that reason, workers in Taiwan have come forward to protest this policy. Therefore, according to this example, minimum wage has become an issue that cannot be ignored