Minimum wage and Policy Recommendations
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Minimum wage and Policy Recommendations
Support minimum wage increase, oppose minimum wage increase), and describe the authors’ perspectives on raising the minimum wage to reduce poverty and inequality.
There has been a growing movement to have the minimum wage increased across the nation. A rise in minimum wage does not harm the economy, but it helps build it. Having the minimum wage increased it helps in making the economy. A greater minimum wage not only increases worker’s incomes, giving them a higher purchasing power that results in increased demand. An increased demand gets a country going while reducing the rate employees turnover, it helps in cost reduction that low –road employers implies to their taxpayer building business towards a high-human capital model. Increasing the minimum wage provides an opportunity for all citizens. Majority of Americans believe strongly in economic opportunities. The idea of increased minimum wage, increasing the minimum wage creates equal opportunities for every citizen in the United States to enhance and grow up the economic ladder to provide their family with great opportunities and basic needs. Currently, many minimum wage jobs hinders a family’s ability to achieve their basic needs, but increasing the minimum wage of workers helps them move out of poverty providing them with an opportunity to be more contributors to the national economy. Increasing the minimum wage reduces inequalities as the majority of minimum-wage jobs are concentrated in the food services, heath industries and industries. These sectors are essential as they provide care but the American citizens. It is scary that a reduction in the minimum wage is destructive as it creates and increases inequalities among citizens in a country. An increased minimum wage helps the American fight back against the increasing rate of inequality within our society, renewing strength creating a nation that gives the American citizens and an honest chance for enhanced Americans. An increased minimum wage increases employees’ morale as well as their level of productivity (“Can Raising the Minimum Wage Reduce Poverty and Hardship?”. An organization is appreciating and honoring the dignity of their workers as well as respecting them for their craft.
While on the opposing side, an increase in the wage reduces employment. Most of citizens in states that raise the minimum wage experience a reduction in the unemployment rate. This means that with an increased minimum wage theory and increased frequency of unemployment cases. On the opposing side, it is believed that an increase in minimum wage will hurt the economy. The higher the waiters, the more business organization will be hurts resorting to an increased level in which the employees are laid off. We are not chosen as they are less qualified. Increased minimum wage results to increase the rate of unemployment as a business organization would prefer hiring an individual who has more years of experience than those new to the workforce. it’s clear that an increased in the minimum wage do not eladicate poverty as most of the people living in absolute poverty are not employed. Will others who are also considered for minimum wage already, hence, changing the minimum wage or not making a difference in their current financial situations.
Analyze the evidence that each author uses to support his/her thesis: What types of evidence are used? Does the evidence support his or her thesis?
Such as EPI’s analysis from the proposals, the based on Census Bureau data, Fair Minimum wage Act, Earned Income Tax credit, Federal Insurance Contributions Act were to a more effective and less costly means in assisting the low-income family thus, they were used to support thesis on the support and oppose minimum wage to an economy. These evidences did support thesis Pew or the nonpartisan research which is conducted by the independent economist some most popular universities in United States. Besides, They provide independent opinion research for Americans perspective towards policy and politics. Moreover, it also in the study of changes that takes place in the electorate by measuring and estimating a country economy trends. For instance, the FMWA argue that an increase in the minimum wage is vital for an economy, especially during the recession in an economy “What’s Best AT Reducing Poverty? An Examination of the Effectiveness of the 2007 Minimum Wage Increase”. It is because I believe an increase in the minimum wages of the poor as well as the low-income earners lead to increased consumer spending. EITC expansion, then with the FMWA, outlines that the federal poverty level would be reduced in the economy, and people would eliminate poverty as a result of the FICA rebate.
Evaluate the qualification of the authors: What bias might the authors have?
Use statistics and facts and macroeconomic theories to evaluate the articles. The Pew Research Centre would conduct public opinion polling, demographic research, as well as analyze data. While conducting this opinion, pools Pew does not take policy positions. Thus, they might have a bias in the area located in primarily. Besides, Pew partner with institutional funders and the philanthropists while sharing their commitment to the data and research (“Is There Consensus in Favor of Wage Mandates?”). Donations also fund EPI. Thus, there might have a bias to the beliefs of those that give a more substantial contribution to the opinions of the surrounding communities. The United States federal earned income tax credit is a refundable tax credit of low-to-moderate-income people, and most of them have children. Thus, the amount of benefits depends on the recipients’ income or relies on the number of children. Therefore, the employees at the EITC or EIC might influence their decisions in an attempt to benefit their recipients’ income. Besides, The EPI’s theses proposal is based on the Census Bureau data. It finds out that wages would target the poor to low-income families, and it would result in a widened body of economic research finding the minimum wage to reduce poverty and employment opportunities for less-skilled personals.
I agree with opposing the minimum wage act. An increase in the minimum wage results in an increase and level of unemployment, especially in early labor jobs. Despite the numerous advantages of the national minimum wage increase, such as poverty reduction in less worker exhalation by the labor market. With some disadvantages associated with an increased minimum wage. From the research, it is clear that a higher minimum wage can cause price inflation as farm passes on a higher wage at higher prices. It can increase the amount of unemployment as a demand contract and raise unemployment in the market. Its result, to an increasingly competitive for goods abroad and can suffer compared to the low-wage economies such as India and China. Increased minimum wage can lead to inflexibility in the labor market and can change the rest of the economy. As a result, the workers and employees may be driven into an official labor market
Although, I’m sympathetic for the low income earners as well as the hardship that poor people have to go through the current minimum wage must be thru; I feel uncomfortable with the law that increases words from $11 to $15 per hour. When an employee does not have the motivation to better themselves or move up the economic ladder as they are contented with their pay then we will be robbing this employee as well as a society a chance to better themselves we will also be making it harder for those entering the workforce. YouTube be complicated for the younger generation to secure a job at the entry-level of employment where organization chart to employ people who are more qualified with higher skills than and new employees at the entry-level.
What’s Best AT Reducing Poverty? An Examination of the Effectiveness of the 2007 Minimum
Wage Increase. http://www.epionline.org/study/r124/
Can Raising the Minimum Wage Reduce Poverty and Hardship? https://www.epionline.org/studies/can-raising-the-minimum-wage-reduce-poverty-and-hardship/
The Impact of a $9.80 Federal Minimum Wage. https://www.epionline.org/studies/the-impact-of-a-9-80-federal-minimum-wage/
Is There Consensus in Favor of Wage Mandates? https://www.epionline.org/studies/r142/
2 Parties Place Political Focus on Inequality, by Jeremy W. Peters, The New York Times. http://www.nytimes.com/2014/01/09/us/politics/republicans-move-to-reclaim-poverty-fighting-mantle.html?hpw&rref=politics&_r=0
From the Center for America Progress: