Persuasive Essay On Minimum Wage - 1174 Words

The US minimum wage should not be raised to $18.00 an hour for adults by 2020. Raising our minimum wage is just as good as destroying our economy and all the work our government has done to lower unemployment rates. Jamie Richardson, MBA, VP of the fast-food chain White Castle, stated that the company would be forced to close almost half of its restaurants and let go thousands of workers if the federal minimum wage was raised to $15. Peter D. Schiff, an investment broker and investor, stated in his most recent book, The Real Crash, that â€Å"minimum wage eliminates from the job market any job that an employer thinks is worth less than minimum wage.† Schiff also mentions that â€Å"if the minimum wage prevents them from getting those jobs, they†¦show more content†¦Researchers from the Bureau of Labor Statistics(BLS) found that â€Å"increasing the minimum wage does lead to a decrease in job creation. They determine that the decline in job growth is the result of ex panding establishments decreasing the number of jobs they create rather than resulting from additional job losses among declining industries.† These industries include very important ones to our well-being such as newspaper publishing, apparel manufacturing, and investment, pension, and health benefits funds. The teen unemployment rate is already higher than the 4.9% overall unemployment rate, at 15.6%. The African-American teen unemployment rate is 27.6%. Minimum wage increases significantly reduce the probability of low-skill workers reaching the middle class. Diana Furchtgott-Roth from PBS stated that â€Å"when employers are required to pay more, they choose workers with more skills and combine them with new technology such as digital ordering. As a result, low-skill workers lose their jobs. A study from the EPI showed that the teen employment rate has dropped from 28.9% to 26.2% since the minimum wage was increased to $7.25 on July 24th, 2009. The FRBSF stated that this â€Å"labor-labor substitution may not show up asShow MoreRelatedMinimum Wage Persuasive Essay1067 Words   |  5 PagesRandy Oczkowski Mrs. Kenny March 25, 2013 Persuasive Essay $7.25 equals two gallons of gas, one fast food meal, or a simple school supply. With the minimum wage at the current rate you must work one hour to earn the seven dollars and twenty-five cents that only supply you with small necessities for everyday living. This problem was encountered before and was resolved with the agreement to higher the minimum wage from $5.85 to the current $7.25. Although that was a big increase in salariesRead MorePersuasive Essay Outline :Minimum Wage964 Words   |  4 Pages Persuasive Essay Outline :Minimum Wage 1 Intro - I want you to think about your very first job .Were you a Bellhop ,cashier ,bartender ,cooks(fast food ),lifeguard, .Now how about your second job were you a airport worker or child care worker.About how m uch were youRead 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 the current wage and the need to raise this wage to correlateRead MoreMinimum Wage Persuasive Essay1424 Words   |  6 PagesI. Position Statement Is increasing minimum wage beneficial to society? I believe the United States Federal government should increase the minimum wage. Minimum wage has been a controversial topic in the United States for numerous years. Experts are constantly doing studies and finding emotional and logical appeals to support their arguments. Accordingly, when discussing minimum wage, long-term and short-term effects need to be brought into consideration. Throughout my research, I have found a multitudeRead MoreMinimum Wage Persuasive Essay1106 Words   |  5 Pagesmore than the federal minimum wage? If you said yes then perhaps you are unaware of the many negative effects surrounding a higher minimum wage and after reading this you will be educated on why the minimum wage should not be raised. In the beginning, the minimum wage was created with good intentions. It was originally established in 1938 and was $.25 an hour (Sessions). It was created to make sure that businesses would not take advantage over workers. While the minimum wage was and still is a goodRead MoreMinimum Wage Persuasive Essay1870 Words   |  8 PagesRaising minimum wage is a very controversial topic. Minimum wage became a federal law in 1938 and only it was only twenty-five cents. Today minimum wage has increased and is currently ten dollars and fifty cents. As one can see minimum wage has increased dramatically and will continue to increase. Minimum wage should not continue to increase at this rate because many businesses will be affected, the price of living will increase and it will alter the way people live. With this minimum wage is hurtingRead MorePersuasive Speech Draft (Minimum Wage) Essay745 Words   |  3 Pagesï » ¿Kirsten Burroughs Professor Hart Persuasive Speech 04 December 2013 Intro: People of the middle class all know that the minimum wage of $7.25 is not sufficient to maintain a comfortable lifestyle. There is considerable evidence to show that the current generations comfortable lifestyles require a more luxurious price for standard living. The cost of living over the years has dramatically increased due to high consumer demands of products. As that being said, $7.25 is just not enough forRead Moreminimum wage1601 Words   |  7 Pagesfor 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 employee or putRead MoreWal Mart : A Necessary Evil? Essay975 Words   |  4 PagesWal-Mart: A Necessary Evil? It does not take a large amount of funding and private studies to see that Wal-Mart is a widely successful corporation that offers cheaper prices than their competitors. In Jack and Suzy Welch’s essay they argue that we should support businesses that help individuals, communities and whole economies prosper, they claim that, â€Å"Wal-Mart helps individuals, communities, and whole economies prosper† (161), so we should support Wal-Mart. On the other hand, Paul Krugman arguesRead MoreGoodmans Arguments Against Relativism in Some Moral Minima979 Words   |  4 Pagesrelativism Given the increasing globalization of modern society, combined with the influence of postmodernism, the philosophy of moral relativism has become increasingly popular and accepted within the academy. However, according to Lenn E. Goodmans essay Some moral minima, some things are just wrong. Goodman writes: All living beings make claims to life (Goodman 2010: 88). In other words, to protect the sanctity of human life, sometimes it is necessary to lay down certain absolute ground rules