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Addressing the concerns surrounding the minimum wage has become a focal point of discussions in recent years, with promises made during elections to address and elevate these wages. Unfortunately, progress in this regard has been sluggish, leaving the issue largely unaddressed. It is evident that the current minimum wage falls short of providing a fair and livable income for individuals. While some argue that increasing wages might have adverse effects on the economy, a comprehensive analysis reveals that the benefits far outweigh the drawbacks.
As compassionate beings, it is high time to advocate for a minimum wage that aligns with the basic needs of individuals. This essay contends that the minimum wage in the United States is undeniably inadequate and necessitates a substantial increase.
The establishment of a minimum wage was initially intended to ensure that individuals could meet their basic needs. While this concept may have been pragmatic in the past, it is evident that the current minimum wage no longer fulfills this purpose.
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The intention behind this legislation is not to cater to extravagant desires but to ensure that individuals can afford essential provisions such as shelter, food, clothing, and other basic necessities.
Examining the situation in Alabama sheds light on the prevailing dilemma. With a state minimum wage rate of $7.25 per hour, a person working a standard forty-hour week would earn a mere $290 before taxes. Moreover, Alabama's regulations permit individuals under twenty years old to earn as low as $4.25 per hour for the first ninety days, creating a stark contrast between students who work while attending school and those who opt solely for employment.
It raises a fundamental question: Is $290 per week a just and equitable living wage?
Some argue that these minimum-wage jobs are designed exclusively for younger individuals as starter positions, not intended to sustain a livelihood. However, this perspective overlooks the reality that people from various backgrounds and age groups often rely on these jobs as their primary source of income. Consequently, it is imperative to reassess the adequacy of the minimum wage to ensure it aligns with contemporary economic demands.
While concerns exist about the potential repercussions of a minimum wage increase, it is crucial to recognize the positive outcomes associated with such a change. According to Andre Lavoie, the CEO and Co-Founder of Clear Company, there are three compelling reasons to embrace a higher minimum wage: improved recruitment and talent retention, heightened employee satisfaction, and an enhanced company brand.
Despite apprehensions that raising the minimum wage might lead to increased costs for goods, gas, and living expenses, historical evidence suggests that businesses adapt and find innovative solutions. Moreover, an increase in employee benefits, such as paid sick leave and time off, contributes to higher employee retention rates. This, in turn, fosters a positive working environment, where employees are more likely to be treated respectfully by their superiors, leading to increased productivity and overall team cohesion.
It is essential to recognize that businesses must adapt to the inevitable change in minimum wage, prioritizing the well-being and satisfaction of their employees. The argument that a higher minimum wage would lead to an inflationary spiral overlooks the potential benefits of a content and motivated workforce.
In conclusion, the issue of the minimum wage in the United States demands urgent attention and reform. The current minimum wage falls short of providing a fair and livable income, posing significant challenges for individuals trying to meet their basic needs. By acknowledging the evolving landscape of employment and the diverse demographic of minimum-wage earners, it becomes evident that an increase is not only justified but also necessary for the well-being of the workforce.
As we navigate the complexities of this issue, it is essential to consider the positive aspects of a higher minimum wage. Contrary to concerns about economic repercussions, history has shown that businesses can adapt, and the benefits of increased employee satisfaction and retention far outweigh potential drawbacks. Therefore, it is incumbent upon policymakers and businesses alike to recognize the imperative need for a higher minimum wage and work collaboratively towards a fair and equitable compensation system that reflects the current economic reality.
The Imperative Need to Increase the Minimum Wage. (2021, Dec 13). Retrieved from https://studymoose.com/an-argument-in-favor-of-raising-minimum-wage-in-the-united-states-essay
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