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Minimum Wage - Paper

Minimum Wage

has been a big issue as of late. Some people think that the should be increased to counter the effects of inflation and to help lower class people. Others think it should not be increased, that a increase would lower the number of jobs on the market. It is a sensitive issue and both sides have some very strong points.
The supporters of a increase cite several reasons. For one it is necessary to raise to counter the effects of inflation and increases in the cost of living. They also say that an increase in is a way to provide a livable wage and to fight poverty. Since its introduction, the has been raised 16 times trying to keep in step with inflation and an ever increasing ...

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of the wage scale. This however is not true for it has been shown that only 11.7% of teenagers in families with above-average incomes would benefit from a higher .
The opponents of a increase say that if the is increased many people will lose their jobs. Because employers can only afford to pay so much for labor, if they have to pay a higher wage per worker, than they will hire fewer workers. Studies suggest that for every 10 percent increase in the , a minimum of 100,000 jobs are lost. This information shows that a increase would hurt many of the very people it would be designed to help. They also say that an increase is not currently necessary to counter the effects of inflation and that the current is sufficient to keep lower class people at decent standard of living.
Personally I think that any increase in the is a good thing. An increase in the will usually trickle up, raising the wages of those who work for above the . This would help lots of people. If ...

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Minimum Wage. (2004, August 5). Retrieved January 1, 2026, from http://www.essayworld.com/essays/Minimum-Wage/12168

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PAPER DETAILS

Added: 8/5/2004 01:29:33 PM
Category: Social Issues
Type: Free Paper
Words: 482
Pages: 2

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