Raising Minimum Wages What’s It Really Worth - 631 Words

Raising Minimum Wages: What’s It Really Worth? Words like â€Å"unemployment† and â€Å"poverty† have seemingly crept into every American’s conversations, are televised on news channels as frequently as commercials, and are printed in every local newspaper and major magazine. Although most Americans are not faced with unemployment or poverty, those who are suffer great hardship through rising costs and a stagnant economy. Some admirably suggest that raising minimum wages across the nation would damper the effects of poverty on our most vulnerable and impoverished citizens. However, raising minimum wages has far greater implications than what is widely known and has the potential of leading to increased poverty and unemployment. Joseph J. Sabia, professor of the Department of Public Administration Policy, American University, states, â€Å"minimum wages fail to reduce poverty because many poor Americans do not work.† (593). Minimum wage laws were cr eated to protect poor Americans and subsequently federal and state governments would increase minimum wages periodically to counter inflation rates. The problem that emerged from this is employers’ demands for labor decreased as minimum wages increased. As a result, Americans already unemployed who sought work can no longer compete for a position that has now closed. Another complication stemming from these positions being closed is the competition that was faced between employees. As competition increased due to fewer positions beingShow MoreRelatedAgainst Raising Minimum Wage Essay1499 Words   |  6 PagesAgainst Raising Minimum Wage People everywhere are voicing out that we need to increase minimum wage, again. They say that an increase will have a minor impact on jobs but there are no facts to back them up. The impact of raising minimum wage has been studied since the beginning, and has been concluded that raising minimum wage hurts the poor, and helps the rich. Raising minimum wage takes away jobs; especially the low-skilled and young worker, keeps people on welfare, and also encourages high schoolRead MoreShould Minimum Wage Be Significantly Increased in the United States?1450 Words   |  6 PagesThe minimum wage was set in a federal mandate back in the 1938, by President Franklin D. Roosevelt, to have a minimum hourly wage set across the United States. The bill is known as the Fair Labor Standards Act (FLSA). It was founded to boost the low-income families and provide some money to the full time workers. In its original form, the bill first covered about 38 percent of the workers in America such as coverin g the workers in the mining field and transportation industry. 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