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Essay on Raising Minimum Wage

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Raising the Minimum Wage

There has been a lot of discussion regarding the increase of minimum wage across the nation. Currently, the wage is set at a low amount of $7.25 an hour. In today’s society it is almost impossible to live on only an income of $7.25 an hour especially for those who are raising a family. In President Obama’s 2013 State of the Union Address, the president proposed to raise the minimum wage to 9 dollars by the year 2015 (Luhby). A…...

The Minimum Wage Debate

Minimum wage laws set legal minimums for the hourly wage paid to certain groups of workers (Gorman). Minimum wage laws were invented in Australia and New Zealand with the purpose of guaranteeing a minimum standard of living for unskilled workers. In the United States, workers are generally entitled to be paid no less than the statutory minimum wage. In the United States, amendments to the Fair Labor Standards Act have increased the federal minimum wage from $.25 in 1938 to…...

Minimum Wage

In this year’s State of the Union Address to Congress, President Obama recommended raising the minimum wage to benefit workers who cannot support themselves and their families with their current salaries. The articles, Why We Need to Raise the Minimum Wage and Why We Shouldn’t Raise the Minimum Wage tell us that there were some controversies in raising the minimum wage. As an economics major, I believe it is a bad idea to raise the minimum wage because it creates…...

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Minimum wage essay

Minimum wage has been a very controversial topic. Nowadays people just can’t survive on minimum wage. Prices are rising but yet the pay is still the same. How do they expect us to survive on eight dollars and twenty five cents? Minimum wage workers in Chicago land locations had joined others across the country for a one-day strike, which was held August 29, 2013 outside the ROCK N ROLL McDonalds in the River North neighborhood, demanding their wage to be…...

Should the Minimum Wage Be Abolished

A. Marginalized workers Minimum wage harms a large percentage of the working groups, mostly the marginal workers which includes teenagers, the less educated workers and the more aged workforce. Based on the 2005 data released by the Bureau of Labor Statistics, the law also discriminates workers belonging to ethnic minorities. The unemployment rate for Hispanic and Black teens belonging in the 16-17 age groups were 25% and 40.9, respectively. This high percentage can be brought down if only the minimum…...

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